PWRD vs. MGNR
PWRD (TCW Transform Systems ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both Energy Equities funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
PWRD vs. MGNR - Performance Comparison
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Returns By Period
In the year-to-date period, PWRD achieves a 19.81% return, which is significantly lower than MGNR's 25.90% return.
PWRD
- 1D
- -0.09%
- 1M
- 3.10%
- YTD
- 19.81%
- 6M
- 18.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MGNR
- 1D
- -1.76%
- 1M
- 3.52%
- YTD
- 25.90%
- 6M
- 27.71%
- 1Y
- 74.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PWRD vs. MGNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PWRD TCW Transform Systems ETF | 19.81% | 7.66% |
MGNR American Beacon GLG Natural Resources ETF | 25.90% | 34.91% |
Correlation
The correlation between PWRD and MGNR is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.61 |
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Return for Risk
PWRD vs. MGNR — Risk / Return Rank
PWRD
MGNR
PWRD vs. MGNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and American Beacon GLG Natural Resources ETF (MGNR). 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.
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Sharpe Ratios by Period
| PWRD | MGNR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 1.77 | -0.45 |
Drawdowns
PWRD vs. MGNR - Drawdown Comparison
The maximum PWRD drawdown since its inception was -14.12%, smaller than the maximum MGNR drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for PWRD and MGNR.
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Drawdown Indicators
| PWRD | MGNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.12% | -22.06% | +7.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.38% | — |
Current DrawdownCurrent decline from peak | -0.74% | -1.76% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -3.86% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.05% | — |
Volatility
PWRD vs. MGNR - Volatility Comparison
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Volatility by Period
| PWRD | MGNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.67% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 23.04% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.03% | 25.03% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 25.03% | -1.00% |
PWRD vs. MGNR - Expense Ratio Comparison
Both PWRD and MGNR have an expense ratio of 0.75%.
Dividends
PWRD vs. MGNR - Dividend Comparison
PWRD has not paid dividends to shareholders, while MGNR's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MGNR American Beacon GLG Natural Resources ETF | 1.07% | 1.17% | 0.79% |
PWRD TCW Transform Systems ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PWRD and MGNR have a correlation of 0.61, 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 MGNR have the same expense ratio: 0.75% per year.
MGNR has the higher dividend yield at 1.07%, compared with 0.00% for PWRD.
They also come from different issuers: TCW and American Beacon.
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