PBOG vs. PWRD

Last updated Jun 23, 2026

PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) and PWRD (TCW Transform Systems ETF) are both Energy Equities funds. PBOG is passively managed, while PWRD is actively managed. At a correlation of -0.13, they often move in opposite directions. PBOG charges 0.13%/yr vs 0.75%/yr for PWRD.

Performance

PBOG vs. PWRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG) and TCW Transform Systems ETF (PWRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBOG achieves a 20.03% return, which is significantly lower than PWRD's 27.47% return.

PBOG

• 1D: 1.27%
• 1M: -9.96%
• YTD: 20.03%
• 6M: 21.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PWRD

• 1D: 1.93%
• 1M: 9.69%
• YTD: 27.47%
• 6M: 25.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBOG vs. PWRD - Yearly Performance Comparison

	2026 (YTD)	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	20.03%	1.39%
PWRD TCW Transform Systems ETF	27.47%	0.94%

Correlation

The correlation between PBOG and PWRD is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	-0.13

Return for Risk

PBOG vs. PWRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG) and TCW Transform Systems ETF (PWRD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

PBOG vs. PWRD - Drawdown Comparison

The maximum PBOG drawdown since its inception was -16.46%, which is greater than PWRD's maximum drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for PBOG and PWRD.

Drawdown Indicators

	PBOG	PWRD	Difference
Max Drawdown Largest peak-to-trough decline	-16.46%	-14.12%	-2.34%
Current Drawdown Current decline from peak	-15.40%	0.00%	-15.40%
Average Drawdown Average peak-to-trough decline	-3.78%	-3.12%	-0.66%

Volatility

Volatility by Period

	PBOG	PWRD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	24.04%	25.04%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.04%	25.04%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.04%	25.04%	-1.00%

PBOG vs. PWRD - Expense Ratio Comparison

PBOG has a 0.13% expense ratio, which is lower than PWRD's 0.75% expense ratio.

Dividends

PBOG vs. PWRD - Dividend Comparison

PBOG's dividend yield for the trailing twelve months is around 0.14%, while PWRD has not paid dividends to shareholders.

Position	TTM	2025
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF	0.14%	0.17%
PWRD TCW Transform Systems ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBOG and PWRD in my portfolio?

PBOG and PWRD have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBOG or PWRD?

On fees, PBOG is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBOG or PWRD?

PBOG is cheaper with a 0.13% expense ratio, compared with 0.75% for PWRD.

Which ETF pays a higher dividend yield, PBOG or PWRD?

PBOG has the higher dividend yield at 0.14%, compared with 0.00% for PWRD.

What is the main difference between PBOG and PWRD?

They also come from different issuers: Portfolio Building Blocks and TCW. Their fees differ too: 0.13% for PBOG and 0.75% for PWRD.