CGCV vs PWRD
Capital Group Conservative Equity ETF vs TCW Transform Systems ETF
Which is better, CGCV or PWRD?
Each has led over a different period.
CGCV has a lower expense ratio. CGCV led over 1Y, PWRD over the full window. CGCV is less concentrated, with 33.0% 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 | CGCV | PWRD |
|---|---|---|
| Expense Ratio | 0.33%Best | 0.75% |
| AUM | $2.1B | $1.5B |
| Dividend Yield | 1.59% | 0.06% |
| Holdings | 146 | 56 |
| YTD Return | +9.26%Best | +1.99% |
| 1Y Return | +11.65%Best | +0.38% |
| 3Y Return (annualized) | - | +25.10% |
| Volatility (annualized) | 9.9%Best | 23.6% |
| Max Drawdown | -13.1%Best | -25.9% |
| $10,000 over 2.3 years | $13,772 | $14,756Best |
| Top 10 Weight | 33.0%Best | 50.6% |
| Fund Family | Capital Group (US) | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 25, 2024 | Feb 2, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 27, 2024 to Oct 15, 2026 (2.3 years).
CGCV 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 2.3 years both funds cover.
CGCV vs PWRD Performance
Capital Group Conservative Equity ETF (CGCV) is an ETF from Capital Group (US) and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year CGCV returned +11.65% while PWRD returned +0.38%. Year to date, CGCV is up 9.26% 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 23.6% compared with 9.9% for CGCV. 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 -13.1% for CGCV 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CGCV charges 0.33% per year while PWRD charges 0.75%. On a $10,000 position that is $33 vs $75 annually, a gap of $42 per year that compounds over a long holding period. On income, CGCV currently yields 1.59% against 0.06% for PWRD.
Holdings Overlap
13.5% of CGCV's money is in holdings PWRD also owns. 33.0% of PWRD's money is in holdings CGCV also owns.
The two portfolios partly overlap.
7 positions in common, counted across the 73 positions we hold weights for in CGCV and 28 in PWRD, against full books of 146 and 56.
What only one of them owns
Our book lists 16 positions for PWRD that do not appear in our book for CGCV (51.7% of the fund), and 63 for CGCV that do not appear in PWRD (83.3%).
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 CGCV | Weight in PWRD | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 1.93% | 8.02% | 6.09% |
| AVGOBroadcom Inc | 4.04% | 3.79% | 0.25% |
| AMATApplied Materials, Inc. | 1.45% | 4.88% | 3.43% |
| KLACKla-tencor | 0.54% | 5.32% | 4.78% |
| UNPUnion Pacific Corp | 1.55% | 4.29% | 2.74% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 2.11% | 3.32% | 1.21% |
| XOMExxonmobil Corp. | 1.92% | 3.35% | 1.43% |
33.0% of PWRD is already inside CGCV.
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, CGCV or PWRD?
CGCV has an expense ratio of 0.33% while PWRD charges 0.75%. CGCV is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, CGCV or PWRD?
Over the past year CGCV returned +11.65% vs +0.38% for PWRD, so CGCV leads on 1-year performance. Over the longest common window we track (2 years), CGCV annualized +14.93% vs +18.43% for PWRD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGCV or PWRD?
PWRD has been the more volatile fund at 23.6% annualized versus 9.9% for CGCV. Worst drawdown: CGCV -13.1% vs PWRD -25.9%.
Should I hold both CGCV and PWRD?
CGCV and PWRD have a monthly-return correlation of 0.64, 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 CGCV and PWRD?
33.0% of PWRD's money is in holdings CGCV also owns. 33.0% of PWRD's is in holdings CGCV also owns. They hold 7 positions in common, counted across the 73 positions we hold weights for in CGCV and 28 in PWRD.
Which pays a higher dividend, CGCV or PWRD?
CGCV yields 1.59% while PWRD yields 0.06%, so CGCV currently pays the higher dividend yield.
Is PWRD better than CGCV?
CGCV has a lower expense ratio. CGCV led over 1Y, PWRD over the full window. CGCV is less concentrated, with 33.0% 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.