PWRD vs. AVGO
PWRD (TCW Transform Systems ETF) is Energy Equities fund actively managed by TCW, while AVGO (Broadcom Inc.) is a stock. Over the past 3 years, PWRD returned 27.96%/yr vs 63.51%/yr for AVGO. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
PWRD vs. AVGO - Performance Comparison
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Returns By Period
In the year-to-date period, PWRD achieves a 13.74% return, which is significantly higher than AVGO's 9.67% return.
PWRD
- 1D
- -0.49%
- 1M
- -9.05%
- 6M
- 7.80%
- YTD
- 13.74%
- 1Y
- 19.09%
- 3Y*
- 27.96%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.22%
AVGO
- 1D
- 1.98%
- 1M
- -7.92%
- 6M
- 7.92%
- YTD
- 9.67%
- 1Y
- 34.44%
- 3Y*
- 63.51%
- 5Y*
- 54.04%
- 10Y*
- 40.73%
- ALL TIME*
- 40.58%
PWRD vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PWRD TCW Transform Systems ETF | 13.74% | 32.84% | 28.54% | 20.83% | -3.18% |
AVGO Broadcom Inc. | 9.67% | 50.63% | 110.49% | 104.18% | -4.36% |
Correlation
The correlation between PWRD and AVGO is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022 | 0.64 |
The correlation between PWRD and AVGO has been stable across timeframes, ranging from 0.62 to 0.64 - a consistent structural relationship.
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Return for Risk
PWRD vs. AVGO — Risk / Return Rank
PWRD
AVGO
PWRD vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and Broadcom Inc. (AVGO). 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 | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.21 | +0.15 |
| Martin ratioReturn relative to average drawdown | 4.14 | 2.49 | +1.65 |
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Drawdowns
PWRD vs. AVGO - Drawdown Comparison
The maximum PWRD drawdown since its inception was -25.87%, smaller than the maximum AVGO drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for PWRD and AVGO.
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Drawdown Indicators
| PWRD | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -48.30% | +22.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -28.67% | +14.55% |
Max Drawdown (3Y)Largest decline over 3 years | -25.87% | -41.15% | +15.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.30% | — |
Current DrawdownCurrent decline from peak | -11.10% | -21.35% | +10.25% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -8.05% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 13.84% | -9.22% |
Volatility
PWRD vs. AVGO - Volatility Comparison
The current volatility for TCW Transform Systems ETF (PWRD) is 12.00%, while Broadcom Inc. (AVGO) has a volatility of 13.79%. This indicates that PWRD experiences smaller price fluctuations and is considered to be less risky than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWRD | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.00% | 13.79% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 22.52% | 34.41% | -11.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.90% | 47.31% | -20.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.22% | 43.87% | -20.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 39.68% | -16.46% |
Dividends
PWRD vs. AVGO - Dividend Comparison
PWRD's dividend yield for the trailing twelve months is around 0.06%, less than AVGO's 0.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.67% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
PWRD TCW Transform Systems ETF | 0.06% | 0.22% | 0.49% | 0.78% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PWRD and AVGO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGO has higher volatility (13.79%) compared to PWRD (12.00%). In terms of maximum drawdown, PWRD dropped -25.87% vs AVGO's -48.30%.
AVGO currently has the higher Sharpe Ratio (0.73 vs 0.71), 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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