PWRD vs. GRW

Last updated Jun 4, 2026

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 correlation of -0.40, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

PWRD vs. GRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Systems ETF (PWRD) and TCW Durable Growth ETF (GRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PWRD

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

GRW

• 1D: -0.32%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PWRD vs. GRW - Yearly Performance Comparison

	2026 (YTD)
PWRD TCW Transform Systems ETF	2.03%
GRW TCW Durable Growth ETF	1.29%

Correlation

The correlation between PWRD and GRW is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.40

Return for Risk

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PWRD	GRW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	14.00	-12.68

Drawdowns

PWRD vs. GRW - Drawdown Comparison

The maximum PWRD drawdown since its inception was -14.12%, which is greater than GRW's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for PWRD and GRW.

Drawdown Indicators

	PWRD	GRW	Difference
Max Drawdown Largest peak-to-trough decline	-14.12%	-0.45%	-13.67%
Current Drawdown Current decline from peak	-0.74%	-0.45%	-0.29%
Average Drawdown Average peak-to-trough decline	-3.17%	-0.14%	-3.03%

Volatility

Volatility by Period

	PWRD	GRW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	24.03%	10.19%	+13.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.03%	10.19%	+13.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.03%	10.19%	+13.84%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PWRD and GRW in my portfolio?

PWRD and GRW have a correlation of -0.40, 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 GRW?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PWRD or GRW?

PWRD and GRW have the same expense ratio: 0.75% per year.

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

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

What is the main difference between PWRD and GRW?

PWRD is categorized as Energy Equities, while GRW is Large Cap Growth Equities.