PBOG vs. PWRD
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 -0.12, they often move in opposite directions. PBOG charges 0.13%/yr vs 0.75%/yr for PWRD.
Performance
PBOG vs. PWRD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PBOG having a 20.74% return and PWRD slightly lower at 19.84%.
PBOG
- 1D
- 0.63%
- 1M
- -5.55%
- 6M
- 19.70%
- YTD
- 20.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PWRD
- 1D
- -0.16%
- 1M
- 1.22%
- 6M
- 16.30%
- YTD
- 19.84%
- 1Y
- 28.73%
- 3Y*
- 30.74%
- 5Y*
- —
- 10Y*
- —
PBOG vs. PWRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 20.74% | 1.39% |
PWRD TCW Transform Systems ETF | 19.84% | 0.94% |
Correlation
The correlation between PBOG and PWRD is -0.12, 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 | -0.12 |
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Return for Risk
PBOG vs. PWRD — Risk / Return Rank
PBOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PWRD
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.
| PBOG | PWRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.11 | — |
| Martin ratioReturn relative to average drawdown | — | 6.77 | — |
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Drawdowns
PBOG vs. PWRD - Drawdown Comparison
The maximum PBOG drawdown since its inception was -19.24%, smaller than the maximum PWRD drawdown of -25.87%. Use the drawdown chart below to compare losses from any high point for PBOG and PWRD.
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Drawdown Indicators
| PBOG | PWRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.24% | -25.87% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.12% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.87% | — |
Current DrawdownCurrent decline from peak | -14.90% | -6.33% | -8.57% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -5.06% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.39% | — |
Volatility
PBOG vs. PWRD - Volatility Comparison
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Volatility by Period
| PBOG | PWRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.45% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.94% | 26.64% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.94% | 23.20% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.94% | 23.20% | +0.74% |
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%, more than PWRD's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.14% | 0.17% | 0.00% | 0.00% | 0.00% |
PWRD TCW Transform Systems ETF | 0.05% | 0.22% | 0.49% | 0.78% | 0.91% |
Frequently Asked Questions
PBOG and PWRD have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PBOG is cheaper with a 0.13% expense ratio, compared with 0.75% for PWRD.
PBOG has the higher dividend yield at 0.14%, compared with 0.05% for 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.
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