KAT vs PWRD
Scharf ETF vs TCW Transform Systems ETF
Which is better, KAT or PWRD?
Each has led over a different period.
KAT led over 1Y, PWRD over the full window. PWRD is less concentrated, with 50.6% of the fund in its ten largest positions against 50.9%.
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 | KAT | PWRD |
|---|---|---|
| Expense Ratio | 0.75%Tie | 0.75%Tie |
| AUM | $657M | $1.5B |
| Dividend Yield | 0.53% | 0.06% |
| Holdings | 68 | 56 |
| YTD Return | +6.42%Best | +3.29% |
| 1Y Return | +4.30%Best | +2.06% |
| 3Y Return (annualized) | - | +25.66% |
| Volatility (annualized) | 12.7%Best | 25.9% |
| Max Drawdown | -9.3%Best | -17.5% |
| $10,000 over 1.1 years | $10,725 | $11,183Best |
| Top 10 Weight | 50.9% | 50.6%Best |
| Fund Family | Scharf Funds | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 30, 2011 | Feb 2, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 25, 2025 to Oct 14, 2026 (1.1 years).
KAT 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 1.1 years both funds cover.
KAT vs PWRD Performance
Scharf ETF (KAT) is an ETF from Scharf Funds and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year KAT returned +4.30% while PWRD returned +2.06%. Year to date, KAT is up 6.42% versus a gain of 3.29% 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 25.9% compared with 12.7% for KAT. 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 -9.3% for KAT and -17.5% 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 0.12. They move largely independently of each other.
Fees and Cost Over Time
KAT charges 0.75% per year while PWRD charges 0.75%. On a $10,000 position that is $75 vs $75 annually. On income, KAT currently yields 0.53% against 0.06% for PWRD.
Holdings Overlap
5.4% of KAT's money is in holdings PWRD also owns. 4.3% of PWRD's money is in holdings KAT also owns.
KAT and PWRD share little of their money.
1 positions in common, counted across the 31 positions we hold weights for in KAT and 28 in PWRD, against full books of 68 and 56.
What only one of them owns
Our book lists 21 positions for PWRD that do not appear in our book for KAT (77.0% of the fund), and 25 for KAT that do not appear in PWRD (81.3%).
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 KAT | Weight in PWRD | Difference |
|---|---|---|---|
| UNPUnion Pacific Corp | 5.36% | 4.29% | 1.07% |
You are not choosing between two funds in isolation.
Whichever of KAT 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, KAT or PWRD?
KAT has an expense ratio of 0.75% while PWRD charges 0.75%. At the precision these are quoted to, they cost the same.
Which performed better, KAT or PWRD?
Over the past year KAT returned +4.30% vs +2.06% for PWRD, so KAT leads on 1-year performance. Over the longest common window we track (1 years), KAT annualized +6.57% vs +10.70% for PWRD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KAT or PWRD?
PWRD has been the more volatile fund at 25.9% annualized versus 12.7% for KAT. Worst drawdown: KAT -9.3% vs PWRD -17.5%.
Should I hold both KAT and PWRD?
KAT and PWRD have a monthly-return correlation of 0.12, 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 KAT and PWRD?
5.4% of KAT's money is in holdings PWRD also owns. 4.3% of PWRD's is in holdings KAT also owns. They hold 1 positions in common, counted across the 31 positions we hold weights for in KAT and 28 in PWRD.
Which pays a higher dividend, KAT or PWRD?
KAT yields 0.53% while PWRD yields 0.06%, so KAT currently pays the higher dividend yield.
Is PWRD better than KAT?
KAT led over 1Y, PWRD over the full window. PWRD is less concentrated, with 50.6% of the fund in its ten largest positions against 50.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.