ALRG vs PWRD
Allspring LT Large Core ETF vs TCW Transform Systems ETF
Which is better, ALRG or PWRD?
ALRG has been ahead.
ALRG has a lower expense ratio. ALRG led over 1Y and the full window. ALRG is less concentrated, with 47.1% of the fund in its ten largest positions against 50.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ALRG | PWRD |
|---|---|---|
| Expense Ratio | 0.28%Best | 0.75% |
| AUM | $8M | $1.5B |
| Dividend Yield | 0.42% | 0.06% |
| Holdings | 51 | 56 |
| YTD Return | +14.63%Best | +1.99% |
| 1Y Return | +18.42%Best | +0.38% |
| 3Y Return (annualized) | - | +25.10% |
| Volatility (annualized) | 11.9%Best | 25.4% |
| Max Drawdown | -9.3%Best | -18.0% |
| $10,000 over 1.3 years | $12,936Best | $11,432 |
| Top 10 Weight | 47.1%Best | 50.6% |
| Fund Family | Allspring Global Investments | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 8, 2025 | Feb 2, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 8, 2025 to Oct 15, 2026 (1.3 years).
ALRG vs PWRD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
ALRG vs PWRD Performance
Allspring LT Large Core ETF (ALRG) is an ETF from Allspring Global Investments and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year ALRG returned +18.42% while PWRD returned +0.38%. Year to date, ALRG is up 14.63% versus a gain of 1.99% for PWRD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 25.4% compared with 11.9% for ALRG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.3% for ALRG and -18.0% for PWRD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ALRG charges 0.28% per year while PWRD charges 0.75%. On a $10,000 position that is $28 vs $75 annually, a gap of $47 per year that compounds over a long holding period. On income, ALRG currently yields 0.42% against 0.06% for PWRD.
Holdings Overlap
8.3% of ALRG's money is in holdings PWRD also owns. 21.1% of PWRD's money is in holdings ALRG also owns.
PWRD and ALRG share little of their money.
5 positions in common, counted across the 50 positions we hold weights for in ALRG and 28 in PWRD, against full books of 51 and 56.
What only one of them owns
Our book lists 17 positions for PWRD that do not appear in our book for ALRG (60.2% of the fund), and 39 for ALRG that do not appear in PWRD (81.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
21.1% of PWRD is already inside ALRG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ALRG or PWRD?
ALRG has an expense ratio of 0.28% while PWRD charges 0.75%. ALRG is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, ALRG or PWRD?
Over the past year ALRG returned +18.42% vs +0.38% for PWRD, so ALRG leads on 1-year performance. Over the longest common window we track (1 years), ALRG annualized +21.90% vs +10.84% for PWRD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALRG or PWRD?
PWRD has been the more volatile fund at 25.4% annualized versus 11.9% for ALRG. Worst drawdown: ALRG -9.3% vs PWRD -18.0%.
Should I hold both ALRG and PWRD?
ALRG and PWRD have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ALRG and PWRD?
21.1% of PWRD's money is in holdings ALRG also owns. 21.1% of PWRD's is in holdings ALRG also owns. They hold 5 positions in common, counted across the 50 positions we hold weights for in ALRG and 28 in PWRD.
Which pays a higher dividend, ALRG or PWRD?
ALRG yields 0.42% while PWRD yields 0.06%, so ALRG currently pays the higher dividend yield.
Is PWRD better than ALRG?
ALRG has a lower expense ratio. ALRG led over 1Y and the full window. ALRG is less concentrated, with 47.1% of the fund in its ten largest positions against 50.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.