PWRD vs. RNWZ
PWRD (TCW Transform Systems ETF) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both Energy Equities funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
PWRD vs. RNWZ - Performance Comparison
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Returns By Period
In the year-to-date period, PWRD achieves a 19.81% return, which is significantly higher than RNWZ's 16.28% return.
PWRD
- 1D
- -0.09%
- 1M
- 3.10%
- YTD
- 19.81%
- 6M
- 18.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RNWZ
- 1D
- 0.20%
- 1M
- -2.61%
- YTD
- 16.28%
- 6M
- 16.86%
- 1Y
- 38.19%
- 3Y*
- 12.63%
- 5Y*
- —
- 10Y*
- —
PWRD vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PWRD TCW Transform Systems ETF | 19.81% | 7.66% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 16.28% | 15.04% |
Correlation
The correlation between PWRD and RNWZ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.45 |
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Return for Risk
PWRD vs. RNWZ — Risk / Return Rank
PWRD
RNWZ
PWRD vs. RNWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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 | RNWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.61 | +0.70 |
Drawdowns
PWRD vs. RNWZ - Drawdown Comparison
The maximum PWRD drawdown since its inception was -14.12%, smaller than the maximum RNWZ drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for PWRD and RNWZ.
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Drawdown Indicators
| PWRD | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.12% | -24.90% | +10.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.06% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.74% | — |
Current DrawdownCurrent decline from peak | -0.74% | -4.46% | +3.72% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -7.19% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.45% | — |
Volatility
PWRD vs. RNWZ - Volatility Comparison
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Volatility by Period
| PWRD | RNWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 15.06% | +8.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.03% | 16.99% | +7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 16.99% | +7.04% |
PWRD vs. RNWZ - Expense Ratio Comparison
Both PWRD and RNWZ have an expense ratio of 0.75%.
Dividends
PWRD vs. RNWZ - Dividend Comparison
PWRD has not paid dividends to shareholders, while RNWZ's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PWRD TCW Transform Systems ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.93% | 2.12% | 2.36% | 3.87% | 0.01% |
Frequently Asked Questions
PWRD and RNWZ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PWRD and RNWZ have the same expense ratio: 0.75% per year.
RNWZ has the higher dividend yield at 1.93%, compared with 0.00% for PWRD.
They also come from different issuers: TCW and TrueShares.
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