PWRD vs. PWRZ

Last updated Jul 17, 2026

PWRD (TCW Transform Systems ETF) and PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) are both Energy Equities funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

PWRD vs. PWRZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Systems ETF (PWRD) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PWRD

• 1D: -2.91%
• 1M: -4.26%
• 6M: 9.17%
• YTD: 14.65%
• 1Y: 23.10%
• 3Y*: 28.28%
• 5Y*: —
• 10Y*: —

PWRZ

• 1D: -0.93%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PWRD vs. PWRZ - Yearly Performance Comparison

	2026 (YTD)
PWRD TCW Transform Systems ETF	-4.49%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	-0.37%

Correlation

The correlation between PWRD and PWRZ is 0.70, 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 Jul 10, 2026	0.70

Return for Risk

PWRD vs. PWRZ — Risk / Return Rank

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

PWRD

PWRD Risk / Return Rank: 33
PWRD Sharpe Ratio Rank: 28
PWRD Sortino Ratio Rank: 28
PWRD Omega Ratio Rank: 28
PWRD Calmar Ratio Rank: 39
PWRD Martin Ratio Rank: 40

PWRZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. PWRZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). 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	PWRZ	Difference
Sharpe ratio: Return per unit of total volatility	0.86	—	—
Sortino ratio: Return per unit of downside risk	1.30	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.64	—	—
Martin ratio: Return relative to average drawdown	5.12	—	—

Drawdowns

PWRD vs. PWRZ - Drawdown Comparison

The maximum PWRD drawdown since its inception was -25.87%, which is greater than PWRZ's maximum drawdown of -1.21%. Use the drawdown chart below to compare losses from any high point for PWRD and PWRZ.

Drawdown Indicators

	PWRD	PWRZ	Difference
Max Drawdown Largest peak-to-trough decline	-25.87%	-1.21%	-24.66%
Max Drawdown (1Y) Largest decline over 1 year	-14.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.87%	—	—
Current Drawdown Current decline from peak	-10.39%	-1.21%	-9.18%
Average Drawdown Average peak-to-trough decline	-5.08%	-0.42%	-4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.52%	—	—

Volatility

Volatility by Period

	PWRD	PWRZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.90%	12.75%	+14.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.23%	12.75%	+10.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.23%	12.75%	+10.48%

PWRD vs. PWRZ - Expense Ratio Comparison

Both PWRD and PWRZ have an expense ratio of 0.75%.

Dividends

PWRD vs. PWRZ - Dividend Comparison

PWRD's dividend yield for the trailing twelve months is around 0.06%, while PWRZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
PWRD TCW Transform Systems ETF	0.06%	0.22%	0.49%	0.78%	0.91%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PWRD and PWRZ in my portfolio?

PWRD and PWRZ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PWRD or PWRZ?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PWRD or PWRZ?

PWRD and PWRZ have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, PWRD or PWRZ?

PWRD has the higher dividend yield at 0.06%, compared with 0.00% for PWRZ.

What is the main difference between PWRD and PWRZ?

They also come from different issuers: TCW and TrueShares.