EQTY vs PWRD
Kovitz Core Equity ETF vs TCW Transform Systems ETF
Which is better, EQTY or PWRD?
Each has led over a different period.
PWRD has a lower expense ratio. EQTY led over 1Y, PWRD over 3Y and the full window. EQTY is less concentrated, with 42.4% 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 | EQTY | PWRD |
|---|---|---|
| Expense Ratio | 0.99% | 0.75%Best |
| AUM | $1.4B | $1.5B |
| Dividend Yield | 0.02% | 0.06% |
| Holdings | 39 | 56 |
| YTD Return | +8.78%Best | +3.29% |
| 1Y Return | +13.61%Best | +2.06% |
| 3Y Return (annualized) | +17.28% | +25.66%Best |
| Volatility (annualized) | 12.9%Best | 20.5% |
| Max Drawdown | -17.3%Best | -25.9% |
| $10,000 over 3.8 years | $17,972 | $20,634Best |
| Top 10 Weight | 42.4%Best | 50.6% |
| Fund Family | Kovitz Investment Group | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 28, 2011 | Feb 2, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 12, 2022 to Oct 14, 2026 (3.8 years).
EQTY 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 3.8 years both funds cover.
EQTY vs PWRD Performance
Kovitz Core Equity ETF (EQTY) is an ETF from Kovitz Investment Group and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year EQTY returned +13.61% while PWRD returned +2.06%. Year to date, EQTY is up 8.78% versus a gain of 3.29% for PWRD.
Over three years, EQTY compounded at +17.28% per year against +25.66% for PWRD. Across the full 4-year window we track, PWRD has the edge at +21.00% annualized vs +16.68%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 20.5% compared with 12.9% for EQTY. 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 -17.3% for EQTY 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 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EQTY 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, EQTY currently yields 0.02% against 0.06% for PWRD.
Holdings Overlap
4.1% of EQTY's money is in holdings PWRD also owns. 10.6% of PWRD's money is in holdings EQTY also owns.
PWRD and EQTY share little of their money.
2 positions in common, counted across the 38 positions we hold weights for in EQTY and 28 in PWRD, against full books of 39 and 56.
What only one of them owns
Our book lists 20 positions for PWRD that do not appear in our book for EQTY (70.7% of the fund), and 35 for EQTY that do not appear in PWRD (91.5%).
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.
You are not choosing between two funds in isolation.
Whichever of EQTY 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, EQTY or PWRD?
EQTY 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, EQTY or PWRD?
Over the past year EQTY returned +13.61% vs +2.06% for PWRD, so EQTY leads on 1-year performance. Over the longest common window we track (4 years), EQTY annualized +16.68% vs +21.00% for PWRD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQTY or PWRD?
PWRD has been the more volatile fund at 20.5% annualized versus 12.9% for EQTY. Worst drawdown: EQTY -17.3% vs PWRD -25.9%.
Should I hold both EQTY and PWRD?
EQTY and PWRD have a monthly-return correlation of 0.62, 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 EQTY and PWRD?
10.6% of PWRD's money is in holdings EQTY also owns. 10.6% of PWRD's is in holdings EQTY also owns. They hold 2 positions in common, counted across the 38 positions we hold weights for in EQTY and 28 in PWRD.
Which pays a higher dividend, EQTY or PWRD?
EQTY yields 0.02% while PWRD yields 0.06%, so PWRD currently pays the higher dividend yield.
Is PWRD better than EQTY?
PWRD has a lower expense ratio. EQTY led over 1Y, PWRD over 3Y and the full window. EQTY is less concentrated, with 42.4% 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.