PWRD vs. UTES
PWRD (TCW Transform Systems ETF) and UTES (Virtus Reaves Utilities ETF) are both exchange-traded funds - PWRD is a Energy Equities fund actively managed by TCW, while UTES is a Utilities Equities fund actively managed by Virtus. Both are actively managed. Over the past 3 years, PWRD returned 26.89%/yr vs 21.10%/yr for UTES. Their 0.58 correlation means they have sometimes moved together and sometimes differently. PWRD charges 0.75%/yr vs 0.49%/yr for UTES.
Performance
PWRD vs. UTES - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PWRD achieves a 12.31% return, which is significantly higher than UTES's -1.07% return.
PWRD
- 1D
- 1.38%
- 1M
- -6.14%
- 6M
- 8.24%
- YTD
- 12.31%
- 1Y
- 16.15%
- 3Y*
- 26.89%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.73%
UTES
- 1D
- -0.03%
- 1M
- -4.28%
- 6M
- 0.59%
- YTD
- -1.07%
- 1Y
- -3.98%
- 3Y*
- 21.10%
- 5Y*
- 14.97%
- 10Y*
- 11.78%
- ALL TIME*
- 13.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.89M | $10.00M | $12.60M | |
| $11.16M | $10.04M | $13.72M |
PWRD vs. UTES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PWRD TCW Transform Systems ETF | 12.31% | 32.84% | 28.54% | 20.83% | -3.18% |
UTES Virtus Reaves Utilities ETF | -1.07% | 25.71% | 45.35% | -2.46% | 5.24% |
Correlation
The correlation between PWRD and UTES is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022 | 0.58 |
The correlation between PWRD and UTES has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PWRD vs. UTES — Risk / Return Rank
PWRD
UTES
PWRD vs. UTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Transform Systems ETF (PWRD) and Virtus Reaves Utilities ETF (UTES). 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 | UTES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.98 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.31 | +1.14 |
| Martin ratioReturn relative to average drawdown | 2.80 | -0.65 | +3.45 |
Loading charts...
Drawdowns
PWRD vs. UTES - Drawdown Comparison
The maximum PWRD drawdown since its inception was -25.87%, smaller than the maximum UTES drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for PWRD and UTES.
Loading charts...
Drawdown Indicators
| PWRD | UTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -35.39% | +9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -17.46% | -13.88% | -3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -25.87% | -17.62% | -8.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.39% | — |
Current DrawdownCurrent decline from peak | -12.22% | -10.30% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -5.54% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 6.72% | -1.59% |
Volatility
PWRD vs. UTES - Volatility Comparison
TCW Transform Systems ETF (PWRD) has a higher volatility of 10.66% compared to Virtus Reaves Utilities ETF (UTES) at 5.50%. This indicates that PWRD's price experiences larger fluctuations and is considered to be riskier than UTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PWRD | UTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.66% | 5.50% | +5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 23.72% | 16.19% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 21.39% | +6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.45% | 20.74% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 20.26% | +3.19% |
PWRD vs. UTES - Expense Ratio Comparison
PWRD has a 0.75% expense ratio, which is higher than UTES's 0.49% expense ratio.
Dividends
PWRD vs. UTES - Dividend Comparison
PWRD's dividend yield for the trailing twelve months is around 0.06%, less than UTES's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWRD TCW Transform Systems ETF | 0.06% | 0.22% | 0.49% | 0.78% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UTES Virtus Reaves Utilities ETF | 1.53% | 1.42% | 1.51% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.09% | 3.44% | 3.53% | 0.61% |
Frequently Asked Questions
PWRD and UTES have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWRD has higher volatility (10.66%) compared to UTES (5.50%). In terms of maximum drawdown, PWRD dropped -25.87% vs UTES's -35.39%.
On 3-year performance, PWRD leads with 26.89% vs 21.10% for UTES. On fees, UTES is cheaper at 0.49% per year. On volatility, UTES has been the lower-risk option at 5.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PWRD has performed better with a 26.89% return vs 21.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTES is cheaper with a 0.49% expense ratio, compared with 0.75% for PWRD.
UTES has the higher dividend yield at 1.53%, compared with 0.06% for PWRD.
PWRD is categorized as Energy Equities, while UTES is Utilities Equities. They also come from different issuers: TCW and Virtus. Their fees differ too: 0.75% for PWRD and 0.49% for UTES.
PWRD currently has the higher Sharpe Ratio (0.52 vs -0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PWRD and UTES
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer