PWRD vs. BILD
PWRD (TCW Transform Systems ETF) and BILD (Macquarie Global Listed Infrastructure ETF) are both Energy Equities funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. PWRD charges 0.75%/yr vs 0.49%/yr for BILD.
Performance
PWRD vs. BILD - Performance Comparison
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Returns By Period
In the year-to-date period, PWRD achieves a 19.81% return, which is significantly higher than BILD's 7.24% return.
PWRD
- 1D
- -0.09%
- 1M
- 3.10%
- YTD
- 19.81%
- 6M
- 18.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BILD
- 1D
- -0.50%
- 1M
- -2.00%
- YTD
- 7.24%
- 6M
- 6.70%
- 1Y
- 14.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PWRD vs. BILD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PWRD TCW Transform Systems ETF | 19.81% | 7.66% |
BILD Macquarie Global Listed Infrastructure ETF | 7.24% | 7.22% |
Correlation
The correlation between PWRD and BILD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.27 |
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Return for Risk
PWRD vs. BILD — Risk / Return Rank
PWRD
BILD
PWRD vs. BILD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| PWRD | BILD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.88 | +0.44 |
Drawdowns
PWRD vs. BILD - Drawdown Comparison
The maximum PWRD drawdown since its inception was -14.12%, roughly equal to the maximum BILD drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for PWRD and BILD.
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Drawdown Indicators
| PWRD | BILD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.12% | -14.78% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.05% | — |
Current DrawdownCurrent decline from peak | -0.74% | -5.05% | +4.31% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -3.70% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
PWRD vs. BILD - Volatility Comparison
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Volatility by Period
| PWRD | BILD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.88% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 10.78% | +13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.03% | 13.23% | +10.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 13.23% | +10.80% |
PWRD vs. BILD - Expense Ratio Comparison
PWRD has a 0.75% expense ratio, which is higher than BILD's 0.49% expense ratio.
Dividends
PWRD vs. BILD - Dividend Comparison
PWRD has not paid dividends to shareholders, while BILD's dividend yield for the trailing twelve months is around 2.86%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BILD Macquarie Global Listed Infrastructure ETF | 2.86% | 3.05% | 5.53% | 0.52% |
PWRD TCW Transform Systems ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PWRD and BILD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BILD is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BILD is cheaper with a 0.49% expense ratio, compared with 0.75% for PWRD.
BILD has the higher dividend yield at 2.86%, compared with 0.00% for PWRD.
They also come from different issuers: TCW and Macquarie. Their fees differ too: 0.75% for PWRD and 0.49% for BILD.
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