PWRD vs. OILT
PWRD (TCW Transform Systems ETF) and OILT (Texas Capital Texas Oil Index ETF) are both Energy Equities funds. PWRD is actively managed, while OILT is passively managed. At a correlation of -0.08, they often move in opposite directions. PWRD charges 0.75%/yr vs 0.35%/yr for OILT.
Performance
PWRD vs. OILT - 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 OILT's 35.33% return.
PWRD
- 1D
- -0.09%
- 1M
- 3.10%
- YTD
- 19.81%
- 6M
- 18.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILT
- 1D
- 1.74%
- 1M
- -4.77%
- YTD
- 35.33%
- 6M
- 29.79%
- 1Y
- 47.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PWRD vs. OILT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PWRD TCW Transform Systems ETF | 19.81% | 7.66% |
OILT Texas Capital Texas Oil Index ETF | 35.33% | 6.55% |
Correlation
The correlation between PWRD and OILT is -0.08, 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 Jun 30, 2025 | -0.08 |
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Return for Risk
PWRD vs. OILT — Risk / Return Rank
PWRD
OILT
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.
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Sharpe Ratios by Period
| PWRD | OILT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.42 | +0.90 |
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.
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Drawdown Indicators
| PWRD | OILT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.12% | -35.21% | +21.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.79% | — |
Current DrawdownCurrent decline from peak | -0.74% | -8.67% | +7.93% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -12.93% | +9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.66% | — |
Volatility
PWRD vs. OILT - Volatility Comparison
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Volatility by Period
| PWRD | OILT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 28.09% | -4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.03% | 28.72% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 28.72% | -4.69% |
PWRD vs. OILT - Expense Ratio Comparison
PWRD has a 0.75% expense ratio, which is higher than OILT's 0.35% expense ratio.
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 2.43%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
OILT Texas Capital Texas Oil Index ETF | 2.43% | 3.12% | 2.63% |
PWRD TCW Transform Systems ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PWRD and OILT have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OILT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OILT is cheaper with a 0.35% expense ratio, compared with 0.75% for PWRD.
OILT has the higher dividend yield at 2.43%, compared with 0.00% for PWRD.
They also come from different issuers: TCW and Texas Capital. Their fees differ too: 0.75% for PWRD and 0.35% for OILT.
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