PWRD vs. MU
PWRD (TCW Transform Systems ETF) is Energy Equities fund actively managed by TCW, while MU (Micron Technology, Inc.) is a stock. Over the past 3 years, PWRD returned 27.96%/yr vs 137.11%/yr for MU. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
PWRD vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, PWRD achieves a 13.74% return, which is significantly lower than MU's 203.41% return.
PWRD
- 1D
- -0.49%
- 1M
- -9.05%
- 6M
- 7.80%
- YTD
- 13.74%
- 1Y
- 19.09%
- 3Y*
- 27.96%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.22%
MU
- 1D
- 1.94%
- 1M
- -23.67%
- 6M
- 138.72%
- YTD
- 203.41%
- 1Y
- 657.80%
- 3Y*
- 137.11%
- 5Y*
- 62.98%
- 10Y*
- 52.40%
- ALL TIME*
- 17.23%
PWRD vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PWRD TCW Transform Systems ETF | 13.74% | 32.84% | 28.54% | 20.83% | -3.18% |
MU Micron Technology, Inc. | 203.41% | 240.24% | -0.96% | 71.93% | -40.40% |
Correlation
The correlation between PWRD and MU is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022 | 0.55 |
The correlation between PWRD and MU has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
PWRD vs. MU — Risk / Return Rank
PWRD
MU
PWRD vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and Micron Technology, Inc. (MU). 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 | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.98 | ||
| Sortino ratioReturn per unit of downside risk | -4.09 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.66 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 21.93 | -20.57 |
| Martin ratioReturn relative to average drawdown | 4.14 | 74.09 | -69.95 |
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Drawdowns
PWRD vs. MU - Drawdown Comparison
The maximum PWRD drawdown since its inception was -25.87%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for PWRD and MU.
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Drawdown Indicators
| PWRD | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -98.25% | +72.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -30.28% | +16.16% |
Max Drawdown (3Y)Largest decline over 3 years | -25.87% | -57.63% | +31.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -11.10% | -28.67% | +17.57% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -58.05% | +52.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 8.95% | -4.33% |
Volatility
PWRD vs. MU - Volatility Comparison
The current volatility for TCW Transform Systems ETF (PWRD) is 12.00%, while Micron Technology, Inc. (MU) has a volatility of 30.97%. This indicates that PWRD experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWRD | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.00% | 30.97% | -18.97% |
Volatility (6M)Calculated over the trailing 6-month period | 22.52% | 63.14% | -40.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.90% | 76.55% | -49.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.22% | 55.01% | -31.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 50.78% | -27.56% |
Dividends
PWRD vs. MU - Dividend Comparison
PWRD's dividend yield for the trailing twelve months is around 0.06%, which matches MU's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 0.06% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
PWRD TCW Transform Systems ETF | 0.06% | 0.22% | 0.49% | 0.78% | 0.91% | 0.00% |
Frequently Asked Questions
PWRD and MU have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (30.97%) compared to PWRD (12.00%). In terms of maximum drawdown, PWRD dropped -25.87% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (8.69 vs 0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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