GSPY vs PWRD
The Gotham Enhanced 500 ETF vs TCW Transform Systems ETF
Which is better, GSPY or PWRD?
Each has led over a different period.
GSPY has a lower expense ratio. GSPY led over 1Y, PWRD over 3Y and the full window. GSPY is less concentrated, with 39.2% 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 | GSPY | PWRD |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.75% |
| AUM | $723M | $1.5B |
| Dividend Yield | 2.28% | 0.06% |
| Holdings | 1,004 | 56 |
| YTD Return | +15.70%Best | +3.29% |
| 1Y Return | +20.41%Best | +2.06% |
| 3Y Return (annualized) | +22.71% | +25.66%Best |
| 5Y Return (annualized) | +13.69% | - |
| Volatility (annualized) | 15.2%Best | 23.2% |
| Max Drawdown | -21.5%Best | -25.9% |
| $10,000 over 4.7 years | $18,704 | $21,348Best |
| Top 10 Weight | 39.2%Best | 50.6% |
| Fund Family | Gotham Funds | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 30, 2016 | 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 14, 2026 (4.7 years).
GSPY 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.
GSPY vs PWRD Performance
The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year GSPY returned +20.41% while PWRD returned +2.06%. Year to date, GSPY is up 15.70% versus a gain of 3.29% for PWRD.
Over three years, GSPY compounded at +22.71% 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 15.2% for GSPY. 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 -21.5% for GSPY 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GSPY charges 0.50% per year while PWRD charges 0.75%. On a $10,000 position that is $50 vs $75 annually, a gap of $25 per year that compounds over a long holding period. On income, GSPY currently yields 2.28% against 0.06% for PWRD.
Holdings Overlap
6.3% of GSPY's money is in holdings PWRD also owns. 62.8% of PWRD's money is in holdings GSPY also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 501 positions we hold weights for in GSPY and 28 in PWRD, against full books of 1,004 and 56.
What only one of them owns
Our book lists 6 positions for PWRD that do not appear in our book for GSPY (18.6% of the fund), and 463 for GSPY that do not appear in PWRD (93.5%).
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.
Top Shared Holdings
| Stock | Weight in GSPY | Weight in PWRD | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 0.14% | 8.02% | 7.88% |
| ANETArista Networks Inc Common Stock | 0.11% | 5.72% | 5.61% |
| KLACKla-tencor | 0.39% | 5.32% | 4.93% |
| AMATApplied Materials, Inc. | 0.64% | 4.88% | 4.24% |
| AVGOBroadcom Inc | 1.60% | 3.79% | 2.19% |
| UNPUnion Pacific Corp | 0.61% | 4.29% | 3.68% |
| XOMExxonmobil Corp. | 1.08% | 3.35% | 2.27% |
| VRTVertiv Holdings Co | 0.07% | 3.89% | 3.82% |
| ETNEaton Corp Plc | 0.07% | 3.75% | 3.68% |
| GEVGe Vernova, Inc. | 0.11% | 3.56% | 3.45% |
62.8% of PWRD is already inside GSPY.
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, GSPY or PWRD?
GSPY has an expense ratio of 0.50% while PWRD charges 0.75%. GSPY is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, GSPY or PWRD?
Over the past year GSPY returned +20.41% vs +2.06% for PWRD, so GSPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSPY or PWRD?
PWRD has been the more volatile fund at 23.2% annualized versus 15.2% for GSPY. Worst drawdown: GSPY -21.5% vs PWRD -25.9%.
Should I hold both GSPY and PWRD?
GSPY and PWRD have a monthly-return correlation of 0.77, 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 GSPY and PWRD?
62.8% of PWRD's money is in holdings GSPY also owns. 62.8% of PWRD's is in holdings GSPY also owns. They hold 16 positions in common, counted across the 501 positions we hold weights for in GSPY and 28 in PWRD.
Which pays a higher dividend, GSPY or PWRD?
GSPY yields 2.28% while PWRD yields 0.06%, so GSPY currently pays the higher dividend yield.
Is PWRD better than GSPY?
GSPY has a lower expense ratio. GSPY led over 1Y, PWRD over 3Y and the full window. GSPY is less concentrated, with 39.2% 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.