PWRD vs. IBID

Last updated Jun 23, 2026

PWRD (TCW Transform Systems ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - PWRD is a Energy Equities fund actively managed by TCW, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. PWRD is actively managed, while IBID is passively managed. At a correlation of -0.23, they often move in opposite directions. PWRD charges 0.75%/yr vs 0.10%/yr for IBID.

Performance

PWRD vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Systems ETF (PWRD) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PWRD achieves a 27.47% return, which is significantly higher than IBID's 1.99% return.

PWRD

• 1D: 1.93%
• 1M: 9.69%
• YTD: 27.47%
• 6M: 25.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.00%
• 1M: -0.19%
• YTD: 1.99%
• 6M: 2.08%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PWRD vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025
PWRD TCW Transform Systems ETF	27.47%	7.81%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.99%	1.85%

Correlation

The correlation between PWRD and IBID is -0.23, 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 Jun 27, 2025	-0.23

Return for Risk

PWRD vs. IBID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PWRD

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

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 93
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 96
IBID Calmar Ratio Rank: 96
IBID Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PWRD vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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	IBID	Difference
Sharpe ratio: Return per unit of total volatility	—	3.29	—
Sortino ratio: Return per unit of downside risk	—	5.55	—
Omega ratio: Gain probability vs. loss probability	—	1.75	—
Calmar ratio: Return relative to maximum drawdown	—	8.22	—
Martin ratio: Return relative to average drawdown	—	30.99	—

Drawdowns

PWRD vs. IBID - Drawdown Comparison

The maximum PWRD drawdown since its inception was -14.12%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for PWRD and IBID.

Drawdown Indicators

	PWRD	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-14.12%	-1.28%	-12.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.49%	—
Current Drawdown Current decline from peak	0.00%	-0.49%	+0.49%
Average Drawdown Average peak-to-trough decline	-3.12%	-0.22%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.13%	—

Volatility

Volatility by Period

	PWRD	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.04%	1.23%	+23.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.04%	2.24%	+22.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.04%	2.24%	+22.80%

PWRD vs. IBID - Expense Ratio Comparison

PWRD has a 0.75% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

PWRD vs. IBID - Dividend Comparison

PWRD has not paid dividends to shareholders, while IBID's dividend yield for the trailing twelve months is around 3.68%.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%
PWRD TCW Transform Systems ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PWRD and IBID in my portfolio?

PWRD and IBID have a correlation of -0.23, 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 IBID?

On fees, IBID is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PWRD or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.75% for PWRD.

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

IBID has the higher dividend yield at 3.68%, compared with 0.00% for PWRD.

What is the main difference between PWRD and IBID?

PWRD is categorized as Energy Equities, while IBID is Inflation-Protected Bonds. They also come from different issuers: TCW and iShares. Their fees differ too: 0.75% for PWRD and 0.10% for IBID.