LGHT vs PWRD
Langar Global Healthtech ETF vs TCW Transform Systems ETF
Which is better, LGHT or PWRD?
Each has led over a different period.
PWRD has a lower expense ratio. LGHT led over 1Y, PWRD over the full window. PWRD is less concentrated, with 50.6% of the fund in its ten largest positions against 75.5%.
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 | LGHT | PWRD |
|---|---|---|
| Expense Ratio | 0.85% | 0.75%Best |
| AUM | $2M | $1.5B |
| Dividend Yield | 0.00% | 0.06% |
| Holdings | 32 | 56 |
| YTD Return | +8.88%Best | +3.29% |
| 1Y Return | +8.57%Best | +2.06% |
| 3Y Return (annualized) | - | +25.66% |
| Volatility (annualized) | 17.6%Best | 22.8% |
| Max Drawdown | -28.6% | -25.9%Best |
| $10,000 over 2.8 years | $10,692 | $18,462Best |
| Top 10 Weight | 75.5% | 50.6%Best |
| Fund Family | Langar Investment Management | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 10, 2024 | Feb 2, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Jan 10, 2024 to Oct 14, 2026 (2.8 years).
LGHT 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 2.8 years both funds cover.
LGHT vs PWRD Performance
Langar Global Healthtech ETF (LGHT) is an ETF from Langar Investment Management and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year LGHT returned +8.57% while PWRD returned +2.06%. Year to date, LGHT is up 8.88% 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 22.8% compared with 17.6% for LGHT. 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 -28.6% for LGHT 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 0.27. They move largely independently of each other.
Fees and Cost Over Time
LGHT charges 0.85% per year while PWRD charges 0.75%. On a $10,000 position that is $85 vs $75 annually, a gap of $10 per year that compounds over a long holding period. On income, LGHT currently yields 0.00% against 0.06% for PWRD.
Holdings Overlap
We hold position weights for 31 holdings in LGHT and 28 in PWRD, totalling 100.0% 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 31 positions we hold weights for in LGHT and 28 in PWRD, against full books of 32 and 56.
What only one of them owns
Our book lists 22 positions for PWRD that do not appear in our book for LGHT (81.3% of the fund), and 27 for LGHT that do not appear in PWRD (89.1%).
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 LGHT 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, LGHT or PWRD?
LGHT has an expense ratio of 0.85% while PWRD charges 0.75%. PWRD is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, LGHT or PWRD?
Over the past year LGHT returned +8.57% vs +2.06% for PWRD, so LGHT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LGHT or PWRD?
PWRD has been the more volatile fund at 22.8% annualized versus 17.6% for LGHT. Worst drawdown: LGHT -28.6% vs PWRD -25.9%.
Should I hold both LGHT and PWRD?
LGHT and PWRD have a monthly-return correlation of 0.27, 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, LGHT or PWRD?
LGHT yields 0.00% while PWRD yields 0.06%, so PWRD currently pays the higher dividend yield.
Is PWRD better than LGHT?
PWRD has a lower expense ratio. LGHT led over 1Y, PWRD over the full window. PWRD is less concentrated, with 50.6% of the fund in its ten largest positions against 75.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.