MLPD vs PWRD
Global X MLP & Energy Infrastructure Covered Call ETF vs TCW Transform Systems ETF
Which is better, MLPD or PWRD?
Each has led over a different period.
MLPD has a lower expense ratio. MLPD led over 1Y, PWRD over 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 | MLPD | PWRD |
|---|---|---|
| Expense Ratio | 0.60%Best | 0.75% |
| AUM | $26M | $1.5B |
| Dividend Yield | 14.22% | 0.06% |
| Holdings | 8 | 56 |
| YTD Return | +8.18%Best | +3.29% |
| 1Y Return | +14.48%Best | +2.06% |
| 3Y Return (annualized) | - | +25.66% |
| Volatility (annualized) | 7.6%Best | 23.3% |
| Max Drawdown | -13.8%Best | -25.9% |
| $10,000 over 2.4 years | $13,143 | $14,564Best |
| Fund Family | Global X by mirae Asset | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 7, 2024 | Feb 2, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 8, 2024 to Oct 14, 2026 (2.4 years).
MLPD 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 2.4 years both funds cover.
MLPD vs PWRD Performance
Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is an ETF from Global X by mirae Asset and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year MLPD returned +14.48% while PWRD returned +2.06%. Year to date, MLPD is up 8.18% 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 23.3% compared with 7.6% for MLPD. 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 -13.8% for MLPD 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 0.04. They move largely independently of each other.
Fees and Cost Over Time
MLPD charges 0.60% per year while PWRD charges 0.75%. On a $10,000 position that is $60 vs $75 annually, a gap of $15 per year that compounds over a long holding period. On income, MLPD currently yields 14.22% against 0.06% for PWRD.
Holdings Overlap
We hold position weights for 1 holding in MLPD and 28 in PWRD, totalling 100.4% 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 1 positions we hold weights for in MLPD and 28 in PWRD, against full books of 8 and 56.
You are not choosing between two funds in isolation.
Whichever of MLPD 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, MLPD or PWRD?
MLPD has an expense ratio of 0.60% while PWRD charges 0.75%. MLPD is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, MLPD or PWRD?
Over the past year MLPD returned +14.48% vs +2.06% for PWRD, so MLPD leads on 1-year performance. Over the longest common window we track (2 years), MLPD annualized +12.06% vs +16.96% for PWRD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MLPD or PWRD?
PWRD has been the more volatile fund at 23.3% annualized versus 7.6% for MLPD. Worst drawdown: MLPD -13.8% vs PWRD -25.9%.
Should I hold both MLPD and PWRD?
MLPD and PWRD have a monthly-return correlation of 0.04, 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, MLPD or PWRD?
MLPD yields 14.22% while PWRD yields 0.06%, so MLPD currently pays the higher dividend yield.
Is PWRD better than MLPD?
MLPD has a lower expense ratio. MLPD led over 1Y, PWRD over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.