PWRD vs. SETM

Last updated Apr 2, 2026

Compare and contrast key facts about TCW Transform Systems ETF (PWRD) and Sprott Energy Transition Materials ETF (SETM).

PWRD and SETM 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. SETM is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. It was launched on Feb 1, 2023.

Performance

PWRD vs. SETM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Transform Systems ETF (PWRD) and Sprott Energy Transition Materials ETF (SETM). The values are adjusted to include any dividend payments, if applicable.

PWRD vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025
PWRD TCW Transform Systems ETF	3.12%	7.66%
SETM Sprott Energy Transition Materials ETF	17.03%	69.81%

Returns By Period

In the year-to-date period, PWRD achieves a 3.12% return, which is significantly lower than SETM's 17.03% return.

PWRD

• 1D: 1.43%
• 1M: -7.98%
• YTD: 3.12%
• 6M: 0.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SETM

• 1D: 2.42%
• 1M: -13.63%
• YTD: 17.03%
• 6M: 36.39%
• 1Y: 143.13%
• 3Y*: 27.42%
• 5Y*: —
• 10Y*: —

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

PWRD vs. SETM - Expense Ratio Comparison

PWRD has a 0.75% expense ratio, which is higher than SETM's 0.65% expense ratio.

PWRD

TCW Transform Systems ETF

SETM

Sprott Energy Transition Materials ETF

Return for Risk

PWRD vs. SETM — Risk / Return Rank

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

SETM

SETM Risk / Return Rank: 96
SETM Sharpe Ratio Rank: 98
SETM Sortino Ratio Rank: 96
SETM Omega Ratio Rank: 94
SETM Calmar Ratio Rank: 98
SETM Martin Ratio Rank: 97

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. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and Sprott Energy Transition Materials ETF (SETM). 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	SETM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.55	+0.08

Correlation

The correlation between PWRD and SETM is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PWRD vs. SETM - Dividend Comparison

PWRD has not paid dividends to shareholders, while SETM's dividend yield for the trailing twelve months is around 1.34%.

	TTM	2025	2024	2023
PWRD TCW Transform Systems ETF	0.00%	0.00%	0.00%	0.00%
SETM Sprott Energy Transition Materials ETF	1.34%	1.56%	2.07%	2.47%

Drawdowns

PWRD vs. SETM - Drawdown Comparison

The maximum PWRD drawdown since its inception was -14.12%, smaller than the maximum SETM drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for PWRD and SETM.

Drawdown Indicators

	PWRD	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-14.12%	-42.81%	+28.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.85%	—
Current Drawdown Current decline from peak	-9.39%	-14.72%	+5.33%
Average Drawdown Average peak-to-trough decline	-3.31%	-14.59%	+11.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.72%	—

Volatility

Volatility by Period

	PWRD	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.64%	45.86%	-22.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.64%	36.22%	-12.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.64%	36.22%	-12.58%