PWRD vs RVRB
TCW Transform Systems ETF vs Reverb ETF
Which is better, PWRD or RVRB?
Each has led over a different period.
RVRB has a lower expense ratio. PWRD led over the full window, RVRB over 1Y. RVRB is less concentrated, with 38.2% 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 | PWRD | RVRB |
|---|---|---|
| Expense Ratio | 0.75% | 0.30%Best |
| AUM | $1.5B | $5M |
| Dividend Yield | 0.06% | 0.86% |
| Holdings | 56 | 499 |
| Volatility (annualized) | 19.1% | 12.9%Best |
| Max Drawdown | -25.9% | -19.1%Best |
| $10,000 over 3.4 years | $19,915Best | $17,218 |
| Top 10 Weight | 50.6% | 38.2%Best |
| Fund Family | TCW ETFs | Reverb ETF |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 2, 2022 | Nov 3, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 202 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. PWRD has data through Oct 14, 2026 and RVRB through Mar 26, 2026.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Nov 4, 2022 to Mar 26, 2026 (3.4 years).
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 12.9% for RVRB. 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 -25.9% for PWRD and -19.1% for RVRB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PWRD charges 0.75% per year while RVRB charges 0.30%. On a $10,000 position that is $75 vs $30 annually, a gap of $45 per year that compounds over a long holding period. On income, PWRD currently yields 0.06% against 0.86% for RVRB.
Holdings Overlap
57.3% of PWRD's money is in holdings RVRB also owns. 6.4% of RVRB's money is in holdings PWRD also owns.
The two portfolios partly overlap.
The two holdings books were reported 274 days apart, PWRD as of Oct 1, 2026 and RVRB as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
15 positions in common, counted across the 28 positions we hold weights for in PWRD and 493 in RVRB, against full books of 56 and 499.
What only one of them owns
Our book lists 430 positions for RVRB that do not appear in our book for PWRD (89.6% of the fund), and 8 for PWRD that do not appear in RVRB (26.0%).
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.
Top Shared Holdings
| Stock | Weight in PWRD | Weight in RVRB | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 8.02% | 0.53% | 7.49% |
| AVGOBroadcom Inc | 3.79% | 2.52% | 1.27% |
| ANETArista Networks Inc Common Stock | 5.72% | 0.25% | 5.47% |
| KLACKla-tencor | 5.32% | 0.34% | 4.98% |
| AMATApplied Materials, Inc. | 4.88% | 0.40% | 4.48% |
| UNPUnion Pacific Corp | 4.29% | 0.21% | 4.08% |
| XOMExxonmobil Corp. | 3.35% | 0.88% | 2.47% |
| VRTVertiv Holdings Co | 3.89% | 0.08% | 3.81% |
| GEVGe Vernova, Inc. | 3.56% | 0.31% | 3.25% |
| TTTrane Technologies PLC|125 | 3.58% | 0.13% | 3.45% |
57.3% of PWRD is already inside RVRB.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PWRD or RVRB?
PWRD has an expense ratio of 0.75% while RVRB charges 0.30%. RVRB is the cheaper option, by $45 a year on a $10,000 investment.
Which is riskier, PWRD or RVRB?
PWRD has been the more volatile fund at 19.1% annualized versus 12.9% for RVRB. Worst drawdown: PWRD -25.9% vs RVRB -19.1%.
Should I hold both PWRD and RVRB?
PWRD and RVRB have a monthly-return correlation of 0.80, 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 PWRD and RVRB?
57.3% of PWRD's money is in holdings RVRB also owns. 6.4% of RVRB's is in holdings PWRD also owns. They hold 15 positions in common, counted across the 28 positions we hold weights for in PWRD and 493 in RVRB.
Which pays a higher dividend, PWRD or RVRB?
PWRD yields 0.06% while RVRB yields 0.86%, so RVRB currently pays the higher dividend yield.
Is RVRB better than PWRD?
RVRB has a lower expense ratio. PWRD led over the full window, RVRB over 1Y. RVRB is less concentrated, with 38.2% 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.