PWRD vs. DARP
PWRD (TCW Transform Systems ETF) and DARP (Grizzle Growth ETF) are both exchange-traded funds - PWRD is a Energy Equities fund actively managed by TCW, while DARP is a Large Cap Growth Equities fund actively managed by Grizzle. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.
Performance
PWRD vs. DARP - Performance Comparison
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Returns By Period
In the year-to-date period, PWRD achieves a 19.81% return, which is significantly lower than DARP's 32.67% return.
PWRD
- 1D
- -0.09%
- 1M
- 3.10%
- YTD
- 19.81%
- 6M
- 18.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DARP
- 1D
- -0.76%
- 1M
- 8.18%
- YTD
- 32.67%
- 6M
- 34.22%
- 1Y
- 82.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PWRD vs. DARP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PWRD TCW Transform Systems ETF | 19.81% | 7.66% |
DARP Grizzle Growth ETF | 32.67% | 26.65% |
Correlation
The correlation between PWRD and DARP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.82 |
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Return for Risk
PWRD vs. DARP — Risk / Return Rank
PWRD
DARP
PWRD vs. DARP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and Grizzle Growth ETF (DARP). 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 | DARP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 1.49 | -0.17 |
Drawdowns
PWRD vs. DARP - Drawdown Comparison
The maximum PWRD drawdown since its inception was -14.12%, smaller than the maximum DARP drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for PWRD and DARP.
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Drawdown Indicators
| PWRD | DARP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.12% | -30.27% | +16.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.82% | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.76% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -4.64% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.10% | — |
Volatility
PWRD vs. DARP - Volatility Comparison
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Volatility by Period
| PWRD | DARP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 23.16% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.03% | 26.11% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 26.11% | -2.08% |
PWRD vs. DARP - Expense Ratio Comparison
Both PWRD and DARP have an expense ratio of 0.75%.
Dividends
PWRD vs. DARP - Dividend Comparison
PWRD has not paid dividends to shareholders, while DARP's dividend yield for the trailing twelve months is around 0.33%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DARP Grizzle Growth ETF | 0.33% | 0.43% | 1.93% | 0.32% |
PWRD TCW Transform Systems ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PWRD and DARP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PWRD and DARP have the same expense ratio: 0.75% per year.
DARP has the higher dividend yield at 0.33%, compared with 0.00% for PWRD.
PWRD is categorized as Energy Equities, while DARP is Large Cap Growth Equities. They also come from different issuers: TCW and Grizzle.
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