BGY vs PWRD
BlackRock Enhanced International Dividend Trust vs TCW Transform Systems ETF
Which is better, BGY or PWRD?
Each has led over a different period.
PWRD has a lower expense ratio. BGY led over 1Y, PWRD over 3Y and the full window. BGY is less concentrated, with 35.8% 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 | BGY | PWRD |
|---|---|---|
| Expense Ratio | 0.99% | 0.75%Best |
| AUM | $569M | $1.5B |
| Dividend Yield | 8.03% | 0.06% |
| Holdings | 127 | 56 |
| YTD Return | +0.31% | +1.99%Best |
| 1Y Return | +2.67%Best | +0.38% |
| 3Y Return (annualized) | +12.84% | +25.10%Best |
| 5Y Return (annualized) | +5.72% | - |
| Volatility (annualized) | 16.2%Best | 23.3% |
| Max Drawdown | -25.6%Best | -25.9% |
| $10,000 over 4.7 years | $13,232 | $21,076Best |
| Top 10 Weight | 35.8%Best | 50.6% |
| Fund Family | BlackRock, Inc. (US) | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 25, 2007 | Feb 2, 2022 |
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Feb 3, 2022 to Oct 15, 2026 (4.7 years).
BGY 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 4.7 years both funds cover.
BGY vs PWRD Performance
BlackRock Enhanced International Dividend Trust (BGY) is an ETF from BlackRock, Inc. (US) and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year BGY returned +2.67% while PWRD returned +0.38%. Year to date, BGY is up 0.31% versus a gain of 1.99% for PWRD.
Over three years, BGY compounded at +12.84% per year against +25.10% 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 23.3% compared with 16.2% for BGY. 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 -25.6% for BGY and -25.9% 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 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BGY charges 0.99% per year while PWRD charges 0.75%. On a $10,000 position that is $99 vs $75 annually, a gap of $24 per year that compounds over a long holding period. On income, BGY currently yields 8.03% against 0.06% for PWRD.
Holdings Overlap
7.5% of BGY's money is in holdings PWRD also owns. 3.3% of PWRD's money is in holdings BGY also owns.
BGY and PWRD share little of their money.
The two holdings books were reported 93 days apart, BGY as of Jun 30, 2026 and PWRD as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 47 positions we hold weights for in BGY and 28 in PWRD, against full books of 127 and 56.
What only one of them owns
Our book lists 22 positions for PWRD that do not appear in our book for BGY (81.3% of the fund), and 1 for BGY that do not appear in PWRD (0.3%).
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.
Top Shared Holdings
| Stock | Weight in BGY | Weight in PWRD | Difference |
|---|---|---|---|
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 7.53% | 3.32% | 4.21% |
You are not choosing between two funds in isolation.
Whichever of BGY and PWRD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BGY or PWRD?
BGY has an expense ratio of 0.99% while PWRD charges 0.75%. PWRD is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, BGY or PWRD?
Over the past year BGY returned +2.67% vs +0.38% for PWRD, so BGY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BGY or PWRD?
PWRD has been the more volatile fund at 23.3% annualized versus 16.2% for BGY. Worst drawdown: BGY -25.6% vs PWRD -25.9%.
Should I hold both BGY and PWRD?
BGY and PWRD have a monthly-return correlation of 0.58, 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 BGY and PWRD?
7.5% of BGY's money is in holdings PWRD also owns. 3.3% of PWRD's is in holdings BGY also owns. They hold 1 positions in common, counted across the 47 positions we hold weights for in BGY and 28 in PWRD.
Which pays a higher dividend, BGY or PWRD?
BGY yields 8.03% while PWRD yields 0.06%, so BGY currently pays the higher dividend yield.
Is PWRD better than BGY?
PWRD has a lower expense ratio. BGY led over 1Y, PWRD over 3Y and the full window. BGY is less concentrated, with 35.8% 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.