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PWRD vs. PSCE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PWRD vs. PSCE

Last updated Apr 1, 2026

Compare and contrast key facts about TCW Transform Systems ETF (PWRD) and Invesco S&P SmallCap Energy ETF (PSCE).

PWRD and PSCE 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. PSCE is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Energy Index. It was launched on Apr 7, 2010.

Performance

PWRD vs. PSCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Systems ETF (PWRD) and Invesco S&P SmallCap Energy ETF (PSCE). The values are adjusted to include any dividend payments, if applicable.

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PWRD vs. PSCE - Yearly Performance Comparison

2026 (YTD)2025
PWRD
TCW Transform Systems ETF		1.67%7.66%
PSCE
Invesco S&P SmallCap Energy ETF		42.67%11.15%

Returns By Period

In the year-to-date period, PWRD achieves a 1.67% return, which is significantly lower than PSCE's 42.67% return.

PWRD

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

PSCE

1D
-0.78%
1M
10.75%
YTD
42.67%
6M
44.85%
1Y
49.10%
3Y*
12.00%
5Y*
14.91%
10Y*
-0.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TCW Transform Systems ETF

Invesco S&P SmallCap Energy ETF

Often compared with PWRD:
PWRD vs. DTCRPWRD vs. SPMOPWRD vs. ALAIPWRD vs. UTESPWRD vs. EXIPWRD vs. TCAIPWRD vs. FPX
Often compared with PSCE:
PSCE vs. XESPSCE vs. AVUVPSCE vs. XOPPSCE vs. XLEPSCE vs. IEOPSCE vs. VBPSCE vs. SPY

PWRD vs. PSCE - Expense Ratio Comparison

PWRD has a 0.75% expense ratio, which is higher than PSCE's 0.29% expense ratio.

PWRD
TCW Transform Systems ETF
PSCE
Invesco S&P SmallCap Energy ETF

Return for Risk

PWRD vs. PSCE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PWRD
PSCE
PSCE Risk / Return Rank: 7373
Overall Rank
PSCE Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
PSCE Sortino Ratio Rank: 7373
Sortino Ratio Rank
PSCE Omega Ratio Rank: 7474
Omega Ratio Rank
PSCE Calmar Ratio Rank: 7575
Calmar Ratio Rank
PSCE Martin Ratio Rank: 6666
Martin Ratio Rank
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. PSCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and Invesco S&P SmallCap Energy ETF (PSCE). 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.

PWRD vs. PSCE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

PWRDPSCEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.39

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.39

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.02

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

-0.09

+0.63

Correlation

The correlation between PWRD and PSCE is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PWRD vs. PSCE - Dividend Comparison

PWRD has not paid dividends to shareholders, while PSCE's dividend yield for the trailing twelve months is around 1.83%.

TTM20252024202320222021202020192018201720162015
PWRD
TCW Transform Systems ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PSCE
Invesco S&P SmallCap Energy ETF		1.83%2.39%1.70%2.57%1.70%0.46%0.87%0.14%0.22%0.04%0.22%0.82%

Drawdowns

PWRD vs. PSCE - Drawdown Comparison

The maximum PWRD drawdown since its inception was -14.12%, smaller than the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for PWRD and PSCE.

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Drawdown Indicators

PWRDPSCEDifference

Max Drawdown

Largest peak-to-trough decline

-14.12%

-96.21%

+82.09%

Max Drawdown (1Y)

Largest decline over 1 year

—

-25.44%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-45.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-90.70%

—

Current Drawdown

Current decline from peak

-10.66%

-74.65%

+63.99%

Average Drawdown

Average peak-to-trough decline

-3.28%

-58.66%

+55.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

7.59%

—

Volatility

PWRD vs. PSCE - Volatility Comparison

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Volatility by Period

PWRDPSCEDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.33%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

18.54%

—

Volatility (1Y)

Calculated over the trailing 1-year period

23.65%

35.47%

-11.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.65%

38.21%

-14.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.65%

43.44%

-19.79%