NDVG vs PWRD
Nuveen Dividend Growth ETF vs TCW Transform Systems ETF
Which is better, NDVG or PWRD?
Each has led over a different period.
NDVG has a lower expense ratio. NDVG led over 1Y, PWRD over the full window. NDVG is less concentrated, with 43.3% of the fund in its ten largest positions against 50.6%.
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 | NDVG | PWRD |
|---|---|---|
| Expense Ratio | 0.65%Best | 0.75% |
| AUM | $13M | $1.5B |
| Dividend Yield | 1.09% | 0.06% |
| Holdings | 43 | 56 |
| Volatility (annualized) | 13.6%Best | 22.1% |
| Max Drawdown | -17.6%Best | -25.9% |
| $10,000 over 4.2 years | $13,402 | $20,896Best |
| Top 10 Weight | 43.3%Best | 50.6% |
| Fund Family | Nuveen | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 4, 2021 | Feb 2, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 191 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. NDVG has data through Apr 6, 2026 and PWRD through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Feb 3, 2022 to Apr 6, 2026 (4.2 years).
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 22.1% compared with 13.6% for NDVG. 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 -17.6% for NDVG 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NDVG charges 0.65% per year while PWRD charges 0.75%. On a $10,000 position that is $65 vs $75 annually, a gap of $10 per year that compounds over a long holding period. On income, NDVG currently yields 1.09% against 0.06% for PWRD.
Holdings Overlap
11.2% of NDVG's money is in holdings PWRD also owns. 15.0% of PWRD's money is in holdings NDVG also owns.
PWRD and NDVG share little of their money.
The two holdings books were reported 274 days apart, NDVG as of Dec 31, 2025 and PWRD as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
4 positions in common, counted across the 41 positions we hold weights for in NDVG and 28 in PWRD, against full books of 43 and 56.
What only one of them owns
Our book lists 18 positions for PWRD that do not appear in our book for NDVG (66.3% of the fund), and 33 for NDVG that do not appear in PWRD (77.3%).
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.
You are not choosing between two funds in isolation.
Whichever of NDVG 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, NDVG or PWRD?
NDVG has an expense ratio of 0.65% while PWRD charges 0.75%. NDVG is the cheaper option, by $10 a year on a $10,000 investment.
Which is riskier, NDVG or PWRD?
PWRD has been the more volatile fund at 22.1% annualized versus 13.6% for NDVG. Worst drawdown: NDVG -17.6% vs PWRD -25.9%.
Should I hold both NDVG and PWRD?
NDVG and PWRD have a monthly-return correlation of 0.73, 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 NDVG and PWRD?
15.0% of PWRD's money is in holdings NDVG also owns. 15.0% of PWRD's is in holdings NDVG also owns. They hold 4 positions in common, counted across the 41 positions we hold weights for in NDVG and 28 in PWRD.
Which pays a higher dividend, NDVG or PWRD?
NDVG yields 1.09% while PWRD yields 0.06%, so NDVG currently pays the higher dividend yield.
Is PWRD better than NDVG?
NDVG has a lower expense ratio. NDVG led over 1Y, PWRD over the full window. NDVG is less concentrated, with 43.3% of the fund in its ten largest positions against 50.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.