PWRD vs SPIN
TCW Transform Systems ETF vs State Street US Equity Premium Income ETF
Which is better, PWRD or SPIN?
Each has led over a different period.
SPIN has a lower expense ratio. PWRD led over the full window, SPIN over 1Y. SPIN is less concentrated, with 47.1% 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 | SPIN |
|---|---|---|
| Expense Ratio | 0.75% | 0.25%Best |
| AUM | $1.5B | $47M |
| Dividend Yield | 0.06% | 4.88% |
| Holdings | 56 | 101 |
| YTD Return | +3.29% | +3.68%Best |
| 1Y Return | +2.06% | +7.62%Best |
| 3Y Return (annualized) | +25.66% | - |
| Volatility (annualized) | 24.8% | 9.0%Best |
| Max Drawdown | -25.9% | -16.9%Best |
| $10,000 over 2.1 years | $15,222Best | $12,500 |
| Top 10 Weight | 50.6% | 47.1%Best |
| Fund Family | TCW ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 2, 2022 | Sep 4, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 14, 2026 (2.1 years).
PWRD vs SPIN 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 2.1 years both funds cover.
PWRD vs SPIN Performance
TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs and State Street US Equity Premium Income ETF (SPIN) is an ETF from State Street Investment Management. Over the past year PWRD returned +2.06% while SPIN returned +7.62%. Year to date, PWRD is up 3.29% versus a gain of 3.68% for SPIN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 24.8% compared with 9.0% for SPIN. 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 -16.9% for SPIN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PWRD charges 0.75% per year while SPIN charges 0.25%. On a $10,000 position that is $75 vs $25 annually, a gap of $50 per year that compounds over a long holding period. On income, PWRD currently yields 0.06% against 4.88% for SPIN.
Holdings Overlap
15.8% of PWRD's money is in holdings SPIN also owns. 7.7% of SPIN's money is in holdings PWRD also owns.
PWRD and SPIN share little of their money.
4 positions in common, counted across the 28 positions we hold weights for in PWRD and 96 in SPIN, against full books of 56 and 101.
What only one of them owns
Our book lists 91 positions for SPIN that do not appear in our book for PWRD (91.5% of the fund), and 18 for PWRD that do not appear in SPIN (65.6%).
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 PWRD and SPIN 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, PWRD or SPIN?
PWRD has an expense ratio of 0.75% while SPIN charges 0.25%. SPIN is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, PWRD or SPIN?
Over the past year PWRD returned +2.06% vs +7.62% for SPIN, so SPIN leads on 1-year performance. Over the longest common window we track (2 years), PWRD annualized +22.15% vs +11.21% for SPIN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PWRD or SPIN?
PWRD has been the more volatile fund at 24.8% annualized versus 9.0% for SPIN. Worst drawdown: PWRD -25.9% vs SPIN -16.9%.
Should I hold both PWRD and SPIN?
PWRD and SPIN have a monthly-return correlation of 0.58, 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 SPIN?
15.8% of PWRD's money is in holdings SPIN also owns. 7.7% of SPIN's is in holdings PWRD also owns. They hold 4 positions in common, counted across the 28 positions we hold weights for in PWRD and 96 in SPIN.
Which pays a higher dividend, PWRD or SPIN?
PWRD yields 0.06% while SPIN yields 4.88%, so SPIN currently pays the higher dividend yield.
Is SPIN better than PWRD?
SPIN has a lower expense ratio. PWRD led over the full window, SPIN over 1Y. SPIN is less concentrated, with 47.1% 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.