LVOL vs PWRD
American Century Low Volatility ETF vs TCW Transform Systems ETF
Which is better, LVOL or PWRD?
PWRD has been ahead.
LVOL has a lower expense ratio. PWRD led over 1Y and the full window.
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 | LVOL | PWRD |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.75% |
| AUM | $9M | $1.5B |
| Dividend Yield | 1.09% | 0.06% |
| Holdings | 201 | 56 |
| Volatility (annualized) | 14.5%Best | 22.0% |
| Max Drawdown | -18.6%Best | -25.9% |
| $10,000 over 3.2 years | $11,668 | $14,062Best |
| Fund Family | American Century Investments | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 12, 2021 | Feb 2, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 540 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. LVOL has data through Apr 22, 2025 and PWRD through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Feb 3, 2022 to Apr 22, 2025 (3.2 years).
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 14.5% for LVOL. 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 -18.6% for LVOL 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LVOL charges 0.29% per year while PWRD charges 0.75%. On a $10,000 position that is $29 vs $75 annually, a gap of $46 per year that compounds over a long holding period. On income, LVOL currently yields 1.09% against 0.06% for PWRD.
You are not choosing between two funds in isolation.
Whichever of LVOL 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, LVOL or PWRD?
LVOL has an expense ratio of 0.29% while PWRD charges 0.75%. LVOL is the cheaper option, by $46 a year on a $10,000 investment.
Which is riskier, LVOL or PWRD?
PWRD has been the more volatile fund at 22.0% annualized versus 14.5% for LVOL. Worst drawdown: LVOL -18.6% vs PWRD -25.9%.
Should I hold both LVOL and PWRD?
LVOL and PWRD have a monthly-return correlation of 0.81, 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, LVOL or PWRD?
LVOL yields 1.09% while PWRD yields 0.06%, so LVOL currently pays the higher dividend yield.
Is PWRD better than LVOL?
LVOL has a lower expense ratio. PWRD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.