PWRD vs. DVXE

Last updated Jun 4, 2026

PWRD (TCW Transform Systems ETF) and DVXE (WEBs Energy XLE Defined Volatility ETF) are both Energy Equities funds. PWRD is actively managed, while DVXE is passively managed. At a correlation of -0.04, they often move in opposite directions. PWRD charges 0.75%/yr vs 0.89%/yr for DVXE.

Performance

PWRD vs. DVXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Systems ETF (PWRD) and WEBs Energy XLE Defined Volatility ETF (DVXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PWRD achieves a 19.81% return, which is significantly lower than DVXE's 44.98% return.

PWRD

• 1D: -0.09%
• 1M: 3.10%
• YTD: 19.81%
• 6M: 18.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVXE

• 1D: 1.52%
• 1M: -1.50%
• YTD: 44.98%
• 6M: 39.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PWRD vs. DVXE - Yearly Performance Comparison

	2026 (YTD)	2025
PWRD TCW Transform Systems ETF	19.81%	2.80%
DVXE WEBs Energy XLE Defined Volatility ETF	44.98%	4.49%

Correlation

The correlation between PWRD and DVXE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	-0.04

Return for Risk

PWRD vs. DVXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and WEBs Energy XLE Defined Volatility ETF (DVXE). 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.

Sharpe Ratios by Period

	PWRD	DVXE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	1.99	-0.67

Drawdowns

PWRD vs. DVXE - Drawdown Comparison

The maximum PWRD drawdown since its inception was -14.12%, smaller than the maximum DVXE drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for PWRD and DVXE.

Drawdown Indicators

	PWRD	DVXE	Difference
Max Drawdown Largest peak-to-trough decline	-14.12%	-17.96%	+3.84%
Current Drawdown Current decline from peak	-0.74%	-11.99%	+11.25%
Average Drawdown Average peak-to-trough decline	-3.17%	-5.80%	+2.63%

Volatility

Volatility by Period

	PWRD	DVXE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	24.03%	31.23%	-7.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.03%	31.23%	-7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.03%	31.23%	-7.20%

PWRD vs. DVXE - Expense Ratio Comparison

PWRD has a 0.75% expense ratio, which is lower than DVXE's 0.89% expense ratio.

Dividends

PWRD vs. DVXE - Dividend Comparison

Neither PWRD nor DVXE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PWRD and DVXE in my portfolio?

PWRD and DVXE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PWRD or DVXE?

On fees, PWRD is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PWRD or DVXE?

PWRD is cheaper with a 0.75% expense ratio, compared with 0.89% for DVXE.

Which ETF pays a higher dividend yield, PWRD or DVXE?

PWRD and DVXE have nearly identical dividend yields, around 0.00%.

What is the main difference between PWRD and DVXE?

They also come from different issuers: TCW and WEBs. Their fees differ too: 0.75% for PWRD and 0.89% for DVXE.