JPEF vs PWRD
JPMorgan Equity Focus ETF vs TCW Transform Systems ETF
Which is better, JPEF or PWRD?
Each has led over a different period.
JPEF has a lower expense ratio. JPEF led over 1Y, PWRD over 3Y and the full window. JPEF is less concentrated, with 45.8% 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 | JPEF | PWRD |
|---|---|---|
| Expense Ratio | 0.44%Best | 0.75% |
| AUM | $2.1B | $1.5B |
| Dividend Yield | 0.64% | 0.06% |
| Holdings | 84 | 56 |
| YTD Return | +9.64%Best | +3.29% |
| 1Y Return | +11.56%Best | +2.06% |
| 3Y Return (annualized) | +19.60% | +25.66%Best |
| Volatility (annualized) | 12.3%Best | 21.6% |
| Max Drawdown | -18.1%Best | -25.9% |
| $10,000 over 3.2 years | $16,604 | $19,199Best |
| Top 10 Weight | 45.8%Best | 50.6% |
| Fund Family | J.P. Morgan Asset Management | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Feb 2, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 31, 2023 to Oct 14, 2026 (3.2 years).
JPEF 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 3.2 years both funds cover.
JPEF vs PWRD Performance
JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year JPEF returned +11.56% while PWRD returned +2.06%. Year to date, JPEF is up 9.64% versus a gain of 3.29% for PWRD.
Over three years, JPEF compounded at +19.60% 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 21.6% compared with 12.3% for JPEF. 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 -18.1% for JPEF 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JPEF charges 0.44% per year while PWRD charges 0.75%. On a $10,000 position that is $44 vs $75 annually, a gap of $31 per year that compounds over a long holding period. On income, JPEF currently yields 0.64% against 0.06% for PWRD.
Holdings Overlap
8.7% of JPEF's money is in holdings PWRD also owns. 12.7% of PWRD's money is in holdings JPEF also owns.
PWRD and JPEF share little of their money.
4 positions in common, counted across the 41 positions we hold weights for in JPEF and 28 in PWRD, against full books of 84 and 56.
What only one of them owns
Our book lists 18 positions for PWRD that do not appear in our book for JPEF (68.6% of the fund), and 36 for JPEF that do not appear in PWRD (89.5%).
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 JPEF 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, JPEF or PWRD?
JPEF has an expense ratio of 0.44% while PWRD charges 0.75%. JPEF is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, JPEF or PWRD?
Over the past year JPEF returned +11.56% vs +2.06% for PWRD, so JPEF leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEF or PWRD?
PWRD has been the more volatile fund at 21.6% annualized versus 12.3% for JPEF. Worst drawdown: JPEF -18.1% vs PWRD -25.9%.
Should I hold both JPEF and PWRD?
JPEF and PWRD have a monthly-return correlation of 0.71, 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 JPEF and PWRD?
12.7% of PWRD's money is in holdings JPEF also owns. 12.7% of PWRD's is in holdings JPEF also owns. They hold 4 positions in common, counted across the 41 positions we hold weights for in JPEF and 28 in PWRD.
Which pays a higher dividend, JPEF or PWRD?
JPEF yields 0.64% while PWRD yields 0.06%, so JPEF currently pays the higher dividend yield.
Is PWRD better than JPEF?
JPEF has a lower expense ratio. JPEF led over 1Y, PWRD over 3Y and the full window. JPEF is less concentrated, with 45.8% 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.