PWRD vs. GXPE
PWRD (TCW Transform Systems ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds. PWRD is actively managed, while GXPE is passively managed. At a correlation of -0.07, they often move in opposite directions. PWRD charges 0.75%/yr vs 0.15%/yr for GXPE.
Performance
PWRD vs. GXPE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PWRD having a 21.92% return and GXPE slightly higher at 22.46%.
PWRD
- 1D
- -4.36%
- 1M
- 4.92%
- YTD
- 21.92%
- 6M
- 19.81%
- 1Y
- 36.33%
- 3Y*
- 33.16%
- 5Y*
- —
- 10Y*
- —
GXPE
- 1D
- 0.98%
- 1M
- -7.62%
- YTD
- 22.46%
- 6M
- 23.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PWRD vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PWRD TCW Transform Systems ETF | 21.92% | 6.37% |
GXPE Global X PureCap MSCI Energy ETF | 22.46% | 4.62% |
Correlation
The correlation between PWRD and GXPE is -0.07, 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 23, 2025 | -0.07 |
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Return for Risk
PWRD vs. GXPE — Risk / Return Rank
PWRD
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PWRD vs. GXPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and Global X PureCap MSCI Energy ETF (GXPE). 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 | GXPE | 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. GXPE - Drawdown Comparison
The maximum PWRD drawdown since its inception was -25.87%, which is greater than GXPE's maximum drawdown of -14.89%. Use the drawdown chart below to compare losses from any high point for PWRD and GXPE.
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Drawdown Indicators
| PWRD | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -14.89% | -10.98% |
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% | -13.07% | +8.71% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -3.62% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | — | — |
Volatility
PWRD vs. GXPE - Volatility Comparison
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Volatility by Period
| PWRD | GXPE | 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% | 20.69% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.89% | 20.69% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 20.69% | +2.20% |
PWRD vs. GXPE - Expense Ratio Comparison
PWRD has a 0.75% expense ratio, which is higher than GXPE's 0.15% expense ratio.
Dividends
PWRD vs. GXPE - Dividend Comparison
PWRD has not paid dividends to shareholders, while GXPE's dividend yield for the trailing twelve months is around 0.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 0.98% | 1.20% | 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 GXPE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.75% for PWRD.
GXPE has the higher dividend yield at 0.98%, compared with 0.00% for PWRD.
They also come from different issuers: TCW and Global X. Their fees differ too: 0.75% for PWRD and 0.15% for GXPE.
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