POWA vs PWRD
Invesco Bloomberg Pricing Power ETF vs TCW Transform Systems ETF
Which is better, POWA or PWRD?
PWRD has been ahead.
POWA has a lower expense ratio. PWRD led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% 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 | POWA | PWRD |
|---|---|---|
| Expense Ratio | 0.40%Best | 0.75% |
| AUM | $162M | $1.5B |
| Dividend Yield | 0.98% | 0.06% |
| Holdings | 106 | 56 |
| YTD Return | -0.75% | +3.29%Best |
| 1Y Return | -0.04% | +2.06%Best |
| 3Y Return (annualized) | +10.97% | +25.66%Best |
| 5Y Return (annualized) | +6.65% | - |
| Volatility (annualized) | 13.6%Best | 23.2% |
| Max Drawdown | -17.2%Best | -25.9% |
| $10,000 over 4.7 years | $13,356 | $21,348Best |
| Top 10 Weight | 22.9%Best | 50.6% |
| Fund Family | Invesco (US) | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 15, 2006 | Feb 2, 2022 |
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Feb 3, 2022 to Oct 14, 2026 (4.7 years).
POWA 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 4.7 years both funds cover.
POWA vs PWRD Performance
Invesco Bloomberg Pricing Power ETF (POWA) is an ETF from Invesco (US) and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year POWA returned -0.04% while PWRD returned +2.06%. Year to date, POWA is down 0.75% versus a gain of 3.29% for PWRD.
Over three years, POWA compounded at +10.97% per year against +25.66% 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 23.2% compared with 13.6% for POWA. 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 -17.2% for POWA 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
POWA charges 0.40% per year while PWRD charges 0.75%. On a $10,000 position that is $40 vs $75 annually, a gap of $35 per year that compounds over a long holding period. On income, POWA currently yields 0.98% against 0.06% for PWRD.
Holdings Overlap
4.5% of POWA's money is in holdings PWRD also owns. 8.6% of PWRD's money is in holdings POWA also owns.
PWRD and POWA share little of their money.
2 positions in common, counted across the 51 positions we hold weights for in POWA and 28 in PWRD, against full books of 106 and 56.
What only one of them owns
Our book lists 20 positions for PWRD that do not appear in our book for POWA (72.8% of the fund), and 49 for POWA that do not appear in PWRD (95.5%).
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 POWA 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, POWA or PWRD?
POWA has an expense ratio of 0.40% while PWRD charges 0.75%. POWA is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, POWA or PWRD?
Over the past year POWA returned -0.04% vs +2.06% 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, POWA or PWRD?
PWRD has been the more volatile fund at 23.2% annualized versus 13.6% for POWA. Worst drawdown: POWA -17.2% vs PWRD -25.9%.
Should I hold both POWA and PWRD?
POWA and PWRD have a monthly-return correlation of 0.70, 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 POWA and PWRD?
8.6% of PWRD's money is in holdings POWA also owns. 8.6% of PWRD's is in holdings POWA also owns. They hold 2 positions in common, counted across the 51 positions we hold weights for in POWA and 28 in PWRD.
Which pays a higher dividend, POWA or PWRD?
POWA yields 0.98% while PWRD yields 0.06%, so POWA currently pays the higher dividend yield.
Is PWRD better than POWA?
POWA has a lower expense ratio. PWRD led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% 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.