PWRD vs. OILT

Last updated Apr 1, 2026

Compare and contrast key facts about TCW Transform Systems ETF (PWRD) and Texas Capital Texas Oil Index ETF (OILT).

PWRD and OILT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PWRD is an actively managed fund by TCW. It was launched on Feb 2, 2022. OILT is a passively managed fund by Texas Capital that tracks the performance of the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. It was launched on Dec 20, 2023.

Performance

PWRD vs. OILT - Performance Comparison

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

PWRD vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025
PWRD TCW Transform Systems ETF	1.67%	7.66%
OILT Texas Capital Texas Oil Index ETF	44.81%	6.55%

Returns By Period

In the year-to-date period, PWRD achieves a 1.67% return, which is significantly lower than OILT's 44.81% return.

PWRD

• 1D: 4.03%
• 1M: -9.38%
• YTD: 1.67%
• 6M: 0.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILT

• 1D: -1.68%
• 1M: 17.56%
• YTD: 44.81%
• 6M: 44.96%
• 1Y: 38.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PWRD vs. OILT - Expense Ratio Comparison

PWRD has a 0.75% expense ratio, which is higher than OILT's 0.35% expense ratio.

PWRD

TCW Transform Systems ETF

OILT

Texas Capital Texas Oil Index ETF

Return for Risk

PWRD vs. OILT — Risk / Return Rank

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

OILT

OILT Risk / Return Rank: 59
OILT Sharpe Ratio Rank: 63
OILT Sortino Ratio Rank: 61
OILT Omega Ratio Rank: 59
OILT Calmar Ratio Rank: 64
OILT Martin Ratio Rank: 47

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. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and Texas Capital Texas Oil Index ETF (OILT). 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	OILT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.58	-0.04

Correlation

The correlation between PWRD and OILT is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

PWRD vs. OILT - Dividend Comparison

PWRD has not paid dividends to shareholders, while OILT's dividend yield for the trailing twelve months is around 2.27%.

	TTM	2025	2024
PWRD TCW Transform Systems ETF	0.00%	0.00%	0.00%
OILT Texas Capital Texas Oil Index ETF	2.27%	3.12%	2.63%

Drawdowns

PWRD vs. OILT - Drawdown Comparison

The maximum PWRD drawdown since its inception was -14.12%, smaller than the maximum OILT drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for PWRD and OILT.

Drawdown Indicators

	PWRD	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-14.12%	-35.21%	+21.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.58%	—
Current Drawdown Current decline from peak	-10.66%	-2.28%	-8.38%
Average Drawdown Average peak-to-trough decline	-3.28%	-13.25%	+9.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.83%	—

Volatility

Volatility by Period

	PWRD	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.65%	34.47%	-10.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.65%	28.31%	-4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.65%	28.31%	-4.66%