PWRD vs. ARTY
PWRD (TCW Transform Systems ETF) and ARTY (iShares Future AI & Tech ETF) are both exchange-traded funds - PWRD is a Energy Equities fund actively managed by TCW, while ARTY is a Technology Equities fund tracking the Morningstar Global Artificial Intelligence Select Index (Net). PWRD is actively managed, while ARTY is passively managed. Over the past 3 years, PWRD returned 33.16%/yr vs 33.04%/yr for ARTY. A 0.77 correlation means they provide meaningful diversification when combined. PWRD charges 0.75%/yr vs 0.47%/yr for ARTY.
Performance
PWRD vs. ARTY - Performance Comparison
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Returns By Period
In the year-to-date period, PWRD achieves a 21.92% return, which is significantly lower than ARTY's 54.55% return.
PWRD
- 1D
- -4.36%
- 1M
- 4.92%
- YTD
- 21.92%
- 6M
- 19.81%
- 1Y
- 36.33%
- 3Y*
- 33.16%
- 5Y*
- —
- 10Y*
- —
ARTY
- 1D
- -6.30%
- 1M
- 8.26%
- YTD
- 54.55%
- 6M
- 54.11%
- 1Y
- 93.11%
- 3Y*
- 33.04%
- 5Y*
- 11.69%
- 10Y*
- —
PWRD vs. ARTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PWRD TCW Transform Systems ETF | 21.92% | 32.84% | 28.54% | 20.83% | -3.18% |
ARTY iShares Future AI & Tech ETF | 54.55% | 29.97% | 8.02% | 36.37% | -30.54% |
Correlation
The correlation between PWRD and ARTY is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022 | 0.77 |
The correlation between PWRD and ARTY has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.
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Return for Risk
PWRD vs. ARTY — Risk / Return Rank
PWRD
ARTY
PWRD vs. ARTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and iShares Future AI & Tech ETF (ARTY). 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.
| PWRD | ARTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.42 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 4.98 | -2.39 |
| Martin ratioReturn relative to average drawdown | 8.57 | 16.28 | -7.71 |
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Drawdowns
PWRD vs. ARTY - Drawdown Comparison
The maximum PWRD drawdown since its inception was -25.87%, smaller than the maximum ARTY drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for PWRD and ARTY.
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Drawdown Indicators
| PWRD | ARTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -54.50% | +28.63% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -18.81% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -25.87% | -32.44% | +6.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.53% | — |
Current DrawdownCurrent decline from peak | -4.36% | -7.78% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -19.76% | +14.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 5.74% | -1.49% |
Volatility
PWRD vs. ARTY - Volatility Comparison
The current volatility for TCW Transform Systems ETF (PWRD) is 10.84%, while iShares Future AI & Tech ETF (ARTY) has a volatility of 19.32%. This indicates that PWRD experiences smaller price fluctuations and is considered to be less risky than ARTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWRD | ARTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 19.32% | -8.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.67% | 30.00% | -9.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.31% | 34.22% | -8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.89% | 29.57% | -6.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 28.30% | -5.41% |
PWRD vs. ARTY - Expense Ratio Comparison
PWRD has a 0.75% expense ratio, which is higher than ARTY's 0.47% expense ratio.
Dividends
PWRD vs. ARTY - Dividend Comparison
PWRD has not paid dividends to shareholders, while ARTY's dividend yield for the trailing twelve months is around 0.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ARTY iShares Future AI & Tech ETF | 0.06% | 0.00% | 0.50% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% |
PWRD TCW Transform Systems ETF | 0.00% | 0.22% | 0.49% | 0.78% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PWRD and ARTY have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARTY has higher volatility (19.32%) compared to PWRD (10.84%). In terms of maximum drawdown, PWRD dropped -25.87% vs ARTY's -54.50%.
On 3-year performance, PWRD leads with 33.16% vs 33.04% for ARTY. On fees, ARTY is cheaper at 0.47% per year. On volatility, PWRD has been the lower-risk option at 10.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PWRD has performed better with a 33.16% return vs 33.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARTY is cheaper with a 0.47% expense ratio, compared with 0.75% for PWRD.
ARTY has the higher dividend yield at 0.06%, compared with 0.00% for PWRD.
PWRD is categorized as Energy Equities, while ARTY is Technology Equities. They also come from different issuers: TCW and iShares. Their fees differ too: 0.75% for PWRD and 0.47% for ARTY.
ARTY currently has the higher Sharpe Ratio (2.74 vs 1.44), 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.
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