LBO vs PWRD
WHITEWOLF Publicly Listed Private Equity ETF vs TCW Transform Systems ETF
Which is better, LBO or PWRD?
PWRD has been ahead.
PWRD has a lower expense ratio. PWRD led over 1Y and the full window. PWRD is less concentrated, with 50.6% of the fund in its ten largest positions against 69.2%.
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 | LBO | PWRD |
|---|---|---|
| Expense Ratio | 6.53% | 0.75%Best |
| AUM | $6M | $1.5B |
| Dividend Yield | 6.27% | 0.06% |
| Holdings | 40 | 56 |
| YTD Return | -19.02% | +1.99%Best |
| 1Y Return | -17.20% | +0.38%Best |
| 3Y Return (annualized) | - | +25.10% |
| Volatility (annualized) | 19.7%Best | 22.3% |
| Max Drawdown | -32.9% | -25.9%Best |
| $10,000 over 2.9 years | $9,347 | $18,862Best |
| Top 10 Weight | 69.2% | 50.6%Best |
| Fund Family | White Wolf Capital Advisors | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 30, 2023 | Feb 2, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 30, 2023 to Oct 15, 2026 (2.9 years).
LBO 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 2.9 years both funds cover.
LBO vs PWRD Performance
WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an ETF from White Wolf Capital Advisors and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year LBO returned -17.20% while PWRD returned +0.38%. Year to date, LBO is down 19.02% versus a gain of 1.99% 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 22.3% compared with 19.7% for LBO. 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 -32.9% for LBO 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 0.15. They move largely independently of each other.
Fees and Cost Over Time
LBO charges 6.53% per year while PWRD charges 0.75%. On a $10,000 position that is $653 vs $75 annually, a gap of $578 per year that compounds over a long holding period. On income, LBO currently yields 6.27% against 0.06% for PWRD.
Holdings Overlap
We hold position weights for 38 holdings in LBO and 28 in PWRD, totalling 99.8% and 98.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 38 positions we hold weights for in LBO and 28 in PWRD, against full books of 40 and 56.
What only one of them owns
Our book lists 22 positions for PWRD that do not appear in our book for LBO (81.3% of the fund), and 36 for LBO that do not appear in PWRD (92.9%).
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 LBO 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, LBO or PWRD?
LBO has an expense ratio of 6.53% while PWRD charges 0.75%. PWRD is the cheaper option, by $578 a year on a $10,000 investment.
Which performed better, LBO or PWRD?
Over the past year LBO returned -17.20% vs +0.38% 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, LBO or PWRD?
PWRD has been the more volatile fund at 22.3% annualized versus 19.7% for LBO. Worst drawdown: LBO -32.9% vs PWRD -25.9%.
Should I hold both LBO and PWRD?
LBO and PWRD have a monthly-return correlation of 0.15, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, LBO or PWRD?
LBO yields 6.27% while PWRD yields 0.06%, so LBO currently pays the higher dividend yield.
Is PWRD better than LBO?
PWRD has a lower expense ratio. PWRD led over 1Y and the full window. PWRD is less concentrated, with 50.6% of the fund in its ten largest positions against 69.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.