SUPP vs. PWRD

Last updated Jun 25, 2026

SUPP (TCW Transform Supply Chain ETF) and PWRD (TCW Transform Systems ETF) are both exchange-traded funds - SUPP is a Large Cap Blend Equities fund actively managed by TCW, while PWRD is a Energy Equities fund actively managed by TCW. Both are actively managed. Over the past 3 years, SUPP returned 18.46%/yr vs 33.16%/yr for PWRD. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

SUPP vs. PWRD - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with SUPP having a 21.75% return and PWRD slightly higher at 21.92%.

SUPP

• 1D: 0.38%
• 1M: 5.19%
• YTD: 21.75%
• 6M: 20.34%
• 1Y: 28.75%
• 3Y*: 18.46%
• 5Y*: —
• 10Y*: —

PWRD

• 1D: -0.04%
• 1M: 4.92%
• YTD: 21.92%
• 6M: 19.75%
• 1Y: 34.37%
• 3Y*: 33.16%
• 5Y*: —
• 10Y*: —

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

SUPP vs. PWRD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SUPP TCW Transform Supply Chain ETF	21.75%	11.65%	10.95%	12.32%
PWRD TCW Transform Systems ETF	21.92%	32.84%	28.54%	13.33%

Correlation

The correlation between SUPP and PWRD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023	0.86

The correlation between SUPP and PWRD has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

SUPP vs. PWRD — Risk / Return Rank

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

SUPP

SUPP Risk / Return Rank: 47
SUPP Sharpe Ratio Rank: 44
SUPP Sortino Ratio Rank: 43
SUPP Omega Ratio Rank: 43
SUPP Calmar Ratio Rank: 49
SUPP Martin Ratio Rank: 56

PWRD

PWRD Risk / Return Rank: 46
PWRD Sharpe Ratio Rank: 43
PWRD Sortino Ratio Rank: 41
PWRD Omega Ratio Rank: 41
PWRD Calmar Ratio Rank: 55
PWRD Martin Ratio Rank: 53

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.

SUPP vs. PWRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Transform Supply Chain ETF (SUPP) and TCW Transform Systems ETF (PWRD). 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.

	SUPP	PWRD	Difference
Sharpe ratio: Return per unit of total volatility	1.37	1.37	+0.01
Sortino ratio: Return per unit of downside risk	1.96	1.90	+0.06
Omega ratio: Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio: Return relative to maximum drawdown	2.12	2.44	-0.32
Martin ratio: Return relative to average drawdown	8.62	8.09	+0.53

SUPP vs. PWRD - Sharpe Ratio Comparison

The current SUPP Sharpe Ratio is 1.37, which is comparable to the PWRD Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of SUPP and PWRD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SUPP vs. PWRD - Drawdown Comparison

The maximum SUPP drawdown since its inception was -25.03%, roughly equal to the maximum PWRD drawdown of -25.87%. Use the drawdown chart below to compare losses from any high point for SUPP and PWRD.

Drawdown Indicators

	SUPP	PWRD	Difference
Max Drawdown Largest peak-to-trough decline	-25.03%	-25.87%	+0.84%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-14.12%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	-25.87%	+0.84%
Current Drawdown Current decline from peak	-3.32%	-4.35%	+1.03%
Average Drawdown Average peak-to-trough decline	-4.36%	-5.07%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	4.26%	-0.92%

Volatility

SUPP vs. PWRD - Volatility Comparison

The current volatility for TCW Transform Supply Chain ETF (SUPP) is 9.42%, while TCW Transform Systems ETF (PWRD) has a volatility of 10.79%. This indicates that SUPP experiences smaller price fluctuations and is considered to be less risky than PWRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUPP	PWRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.42%	10.79%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	18.12%	20.64%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	21.11%	25.28%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	22.87%	-3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.85%	22.87%	-3.02%

SUPP vs. PWRD - Expense Ratio Comparison

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

Dividends

SUPP vs. PWRD - Dividend Comparison

SUPP's dividend yield for the trailing twelve months is around 0.29%, more than PWRD's 0.05% yield.

Position	TTM	2025	2024	2023	2022
PWRD TCW Transform Systems ETF	0.05%	0.22%	0.49%	0.78%	0.91%
SUPP TCW Transform Supply Chain ETF	0.29%	0.35%	0.49%	0.45%	0.00%

Frequently Asked Questions

Can I hold both SUPP and PWRD in my portfolio?

SUPP and PWRD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SUPP or PWRD?

PWRD has higher volatility (10.79%) compared to SUPP (9.42%). In terms of maximum drawdown, SUPP dropped -25.03% vs PWRD's -25.87%.

Which ETF is better, SUPP or PWRD?

On 3-year performance, PWRD leads with 33.16% vs 18.46% for SUPP. Both ETFs have the same 0.75% expense ratio. On volatility, SUPP has been the lower-risk option at 9.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUPP or PWRD?

Over the 3-year period, PWRD has performed better with a 33.16% return vs 18.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUPP or PWRD?

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

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

SUPP has the higher dividend yield at 0.29%, compared with 0.05% for PWRD.

What is the main difference between SUPP and PWRD?

SUPP is categorized as Large Cap Blend Equities, while PWRD is Energy Equities.

Which has better risk-adjusted returns?

SUPP currently has the higher Sharpe Ratio (1.37 vs 1.37), 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.