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. Their -0.10 correlation means they have often moved in opposite directions in the past. PBOG charges 0.13%/yr vs 0.75%/yr for PWRD.
Performance
PBOG vs. PWRD - Performance Comparison
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Returns By Period
In the year-to-date period, PBOG achieves a 35.00% return, which is significantly higher than PWRD's 12.31% return.
PBOG
- 1D
- 0.97%
- 1M
- 16.05%
- 6M
- 20.42%
- YTD
- 35.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PWRD
- 1D
- 1.38%
- 1M
- -6.14%
- 6M
- 8.24%
- YTD
- 12.31%
- 1Y
- 16.15%
- 3Y*
- 26.89%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $3.21M | $2.88M | |
| $9.89M | $10.00M | $12.60M |
PBOG vs. PWRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 35.00% | 1.39% |
PWRD TCW Transform Systems ETF | 12.31% | 0.94% |
Correlation
The correlation between PBOG and PWRD is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | -0.10 |
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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 | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.82 | — |
| Martin ratioReturn relative to average drawdown | — | 2.80 | — |
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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 | — | -17.46% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.87% | — |
Current DrawdownCurrent decline from peak | -4.85% | -12.22% | +7.37% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -5.14% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.13% | — |
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 | — | 10.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.21% | 27.86% | -3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.21% | 23.45% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.21% | 23.45% | +0.76% |
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 0.13%, more than PWRD's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.13% | 0.17% | 0.00% | 0.00% | 0.00% |
PWRD TCW Transform Systems ETF | 0.06% | 0.22% | 0.49% | 0.78% | 0.91% |
Frequently Asked Questions
PBOG and PWRD have a correlation of -0.10, 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 0.13%, compared with 0.06% for PWRD.
They also come from different issuers: Portfolio Building Block and TCW. Their fees differ too: 0.13% for PBOG and 0.75% for PWRD.
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