PWER vs. BILD

Last updated Jun 3, 2026

PWER (Macquarie Energy Transition ETF) and BILD (Macquarie Global Listed Infrastructure ETF) are both exchange-traded funds - PWER is a Alternative Energy Equities fund actively managed by Macquarie, while BILD is a Energy Equities fund actively managed by Macquarie. Both are actively managed. Over the past year, PWER returned 75.33% vs 14.71% for BILD. At a 0.40 correlation, their price movements are largely independent. PWER charges 0.80%/yr vs 0.49%/yr for BILD.

Performance

PWER vs. BILD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Macquarie Energy Transition ETF (PWER) and Macquarie Global Listed Infrastructure ETF (BILD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PWER achieves a 32.68% return, which is significantly higher than BILD's 7.77% return.

PWER

• 1D: 2.48%
• 1M: 8.29%
• YTD: 32.68%
• 6M: 36.54%
• 1Y: 75.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILD

• 1D: 0.95%
• 1M: -2.47%
• YTD: 7.77%
• 6M: 7.29%
• 1Y: 14.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PWER vs. BILD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PWER Macquarie Energy Transition ETF	32.68%	35.28%	-3.50%	9.72%
BILD Macquarie Global Listed Infrastructure ETF	7.77%	21.08%	-2.68%	3.97%

Correlation

The correlation between PWER and BILD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.40

PWER vs. BILD - Sectors Allocation Comparison

Sectors	PWER	BILD
Energy	41.1%	18.4%
Basic Materials	41.0%	-
Industrials	12.2%	20.4%
Technology	3.8%	-
Utilities	1.9%	54.2%
Communication Services	-	1.6%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	5.5%

Return for Risk

PWER vs. BILD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PWER

PWER Risk / Return Rank: 94
PWER Sharpe Ratio Rank: 95
PWER Sortino Ratio Rank: 93
PWER Omega Ratio Rank: 92
PWER Calmar Ratio Rank: 95
PWER Martin Ratio Rank: 96

BILD

BILD Risk / Return Rank: 41
BILD Sharpe Ratio Rank: 38
BILD Sortino Ratio Rank: 35
BILD Omega Ratio Rank: 37
BILD Calmar Ratio Rank: 51
BILD Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PWER vs. BILD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Energy Transition ETF (PWER) and Macquarie Global Listed Infrastructure ETF (BILD). 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.

	PWER	BILD	Difference
Sharpe ratio Return per unit of total volatility	3.84	1.37	+2.47
Sortino ratio Return per unit of downside risk	4.67	1.88	+2.79
Omega ratio Gain probability vs. loss probability	1.62	1.25	+0.37
Calmar ratio Return relative to maximum drawdown	8.57	2.57	+6.00
Martin ratio Return relative to average drawdown	35.48	7.31	+28.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PWER vs. BILD - Sharpe Ratio Comparison

The current PWER Sharpe Ratio is 3.84, which is higher than the BILD Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of PWER and BILD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PWER	BILD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.84	1.37	+2.47
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.89	+0.37

Drawdowns

PWER vs. BILD - Drawdown Comparison

The maximum PWER drawdown since its inception was -29.68%, which is greater than BILD's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for PWER and BILD.

Drawdown Indicators

	PWER	BILD	Difference
Max Drawdown Largest peak-to-trough decline	-29.68%	-14.78%	-14.90%
Max Drawdown (1Y) Largest decline over 1 year	-9.07%	-6.05%	-3.02%
Current Drawdown Current decline from peak	0.00%	-4.58%	+4.58%
Average Drawdown Average peak-to-trough decline	-6.23%	-3.70%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.12%	+0.07%

Volatility

PWER vs. BILD - Volatility Comparison

Macquarie Energy Transition ETF (PWER) has a higher volatility of 6.08% compared to Macquarie Global Listed Infrastructure ETF (BILD) at 4.13%. This indicates that PWER's price experiences larger fluctuations and is considered to be riskier than BILD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PWER	BILD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	4.13%	+1.95%
Volatility (6M) Calculated over the trailing 6-month period	15.50%	8.91%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	19.73%	10.78%	+8.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.38%	13.23%	+10.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.38%	13.23%	+10.15%

PWER vs. BILD - Expense Ratio Comparison

PWER has a 0.80% expense ratio, which is higher than BILD's 0.49% expense ratio.

Dividends

PWER vs. BILD - Dividend Comparison

PWER's dividend yield for the trailing twelve months is around 1.04%, less than BILD's 2.85% yield.

Position	TTM	2025	2024	2023
BILD Macquarie Global Listed Infrastructure ETF	2.85%	3.05%	5.53%	0.52%
PWER Macquarie Energy Transition ETF	1.04%	1.37%	1.05%	0.06%

Frequently Asked Questions

Can I hold both PWER and BILD in my portfolio?

PWER and BILD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PWER or BILD?

PWER has higher volatility (6.08%) compared to BILD (4.13%). In terms of maximum drawdown, PWER dropped -29.68% vs BILD's -14.78%.

Which ETF is better, PWER or BILD?

On 1-year performance, PWER leads with 75.33% vs 14.71% for BILD. On fees, BILD is cheaper at 0.49% per year. On volatility, BILD has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PWER or BILD?

Over the 1-year period, PWER has performed better with a 75.33% return vs 14.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PWER or BILD?

BILD is cheaper with a 0.49% expense ratio, compared with 0.80% for PWER.

Which ETF pays a higher dividend yield, PWER or BILD?

BILD has the higher dividend yield at 2.85%, compared with 1.04% for PWER.

What is the main difference between PWER and BILD?

PWER is categorized as Alternative Energy Equities, while BILD is Energy Equities. Their fees differ too: 0.80% for PWER and 0.49% for BILD.

Which has better risk-adjusted returns?

PWER currently has the higher Sharpe Ratio (3.84 vs 1.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.