GAB vs PWRD
Gabelli Equity Trust vs TCW Transform Systems ETF
Which is better, GAB or PWRD?
PWRD has been ahead.
PWRD has a lower expense ratio. PWRD led over 1Y, 3Y and the full window.
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 | GAB | PWRD |
|---|---|---|
| Expense Ratio | 1.50% | 0.75%Best |
| AUM | $2.3B | $1.5B |
| Dividend Yield | 10.96% | 0.06% |
| Holdings | 682 | 56 |
| YTD Return | -8.60% | +3.29%Best |
| 1Y Return | -4.60% | +2.06%Best |
| 3Y Return (annualized) | +12.18% | +25.66%Best |
| 5Y Return (annualized) | +4.88% | - |
| Volatility (annualized) | 16.6%Best | 23.2% |
| Max Drawdown | -26.3% | -25.9%Best |
| $10,000 over 4.7 years | $12,166 | $21,348Best |
| Fund Family | Gabelli Funds | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 21, 1986 | Feb 2, 2022 |
Not shown on this pair: Top 10 Weight.
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 14, 2026 (4.7 years).
GAB 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.
GAB vs PWRD Performance
Gabelli Equity Trust (GAB) is an ETF from Gabelli Funds and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year GAB returned -4.60% while PWRD returned +2.06%. Year to date, GAB is down 8.60% versus a gain of 3.29% for PWRD.
Over three years, GAB compounded at +12.18% per year against +25.66% 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 23.2% compared with 16.6% for GAB. 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 -26.3% for GAB 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 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GAB charges 1.50% per year while PWRD charges 0.75%. On a $10,000 position that is $150 vs $75 annually, a gap of $75 per year that compounds over a long holding period. On income, GAB currently yields 10.96% against 0.06% for PWRD.
Holdings Overlap
At least 59.3% of PWRD's money is in holdings GAB also owns.
Only one direction is shown: for GAB, our book for it lists positions totalling 115.3% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
The two portfolios partly overlap.
The two holdings books were reported 184 days apart, GAB as of Mar 31, 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.
15 positions in common, counted across the 655 positions we hold weights for in GAB and 28 in PWRD, against full books of 682 and 56.
Top Shared Holdings
| Stock | Weight in GAB | Weight in PWRD | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 0.42% | 8.02% | 7.60% |
| ANETArista Networks Inc Common Stock | 0.08% | 5.72% | 5.64% |
| VGVenture Global, Inc. | 0.09% | 5.10% | 5.01% |
| AMATApplied Materials, Inc. | 0.06% | 4.88% | 4.82% |
| UNPUnion Pacific Corp | 0.01% | 4.29% | 4.28% |
| TTTrane Technologies PLC|125 | 0.46% | 3.58% | 3.12% |
| AVGOBroadcom Inc | 0.10% | 3.79% | 3.69% |
| ETNEaton Corp Plc | 0.01% | 3.75% | 3.74% |
| XOMExxonmobil Corp. | 0.38% | 3.35% | 2.97% |
| GEVGe Vernova, Inc. | 0.04% | 3.56% | 3.52% |
59.3% of PWRD is already inside GAB.
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, GAB or PWRD?
GAB has an expense ratio of 1.50% while PWRD charges 0.75%. PWRD is the cheaper option, by $75 a year on a $10,000 investment.
Which performed better, GAB or PWRD?
Over the past year GAB returned -4.60% vs +2.06% for PWRD, so PWRD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GAB or PWRD?
PWRD has been the more volatile fund at 23.2% annualized versus 16.6% for GAB. Worst drawdown: GAB -26.3% vs PWRD -25.9%.
Should I hold both GAB and PWRD?
GAB and PWRD have a monthly-return correlation of 0.59, 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 GAB and PWRD?
At least 59.3% of PWRD's money is in holdings GAB also owns. Our book for GAB is partial, so the real figure is this or higher. They hold 15 positions in common, counted across the 655 positions we hold weights for in GAB and 28 in PWRD.
Which pays a higher dividend, GAB or PWRD?
GAB yields 10.96% while PWRD yields 0.06%, so GAB currently pays the higher dividend yield.
Is PWRD better than GAB?
PWRD has a lower expense ratio. PWRD led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.