PWRD vs. GRW
PWRD (TCW Transform Systems ETF) and GRW (TCW Durable Growth ETF) are both exchange-traded funds - PWRD is a Energy Equities fund actively managed by TCW, while GRW is a Large Cap Growth Equities fund actively managed by TCW. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
PWRD vs. GRW - Performance Comparison
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Returns By Period
PWRD
- 1D
- -4.36%
- 1M
- 4.92%
- YTD
- 21.92%
- 6M
- 19.81%
- 1Y
- 36.33%
- 3Y*
- 33.16%
- 5Y*
- —
- 10Y*
- —
GRW
- 1D
- -0.89%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PWRD vs. GRW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PWRD TCW Transform Systems ETF | 3.48% |
GRW TCW Durable Growth ETF | 1.71% |
Correlation
The correlation between PWRD and GRW is 0.44, 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 May 28, 2026 | 0.44 |
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Return for Risk
PWRD vs. GRW — Risk / Return Rank
PWRD
GRW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PWRD vs. GRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and TCW Durable Growth ETF (GRW). 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 | GRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | — | — |
| Martin ratioReturn relative to average drawdown | 8.57 | — | — |
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Drawdowns
PWRD vs. GRW - Drawdown Comparison
The maximum PWRD drawdown since its inception was -25.87%, which is greater than GRW's maximum drawdown of -3.83%. Use the drawdown chart below to compare losses from any high point for PWRD and GRW.
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Drawdown Indicators
| PWRD | GRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -3.83% | -22.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -25.87% | — | — |
Current DrawdownCurrent decline from peak | -4.36% | -2.25% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -0.99% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | — | — |
Volatility
PWRD vs. GRW - Volatility Comparison
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Volatility by Period
| PWRD | GRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.31% | 19.15% | +6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.89% | 19.15% | +3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 19.15% | +3.74% |
PWRD vs. GRW - Expense Ratio Comparison
Both PWRD and GRW have an expense ratio of 0.75%.
Dividends
PWRD vs. GRW - Dividend Comparison
Neither PWRD nor GRW has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GRW TCW Durable Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PWRD TCW Transform Systems ETF | 0.00% | 0.22% | 0.49% | 0.78% | 0.91% |
Frequently Asked Questions
PWRD and GRW have a correlation of 0.44, 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 GRW have the same expense ratio: 0.75% per year.
PWRD and GRW have nearly identical dividend yields, around 0.00%.
PWRD is categorized as Energy Equities, while GRW is Large Cap Growth Equities.
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