PWRD vs SPYM
TCW Transform Systems ETF vs State Street SPDR Portfolio S&P 500 ETF
Which is better, PWRD or SPYM?
Each has led over a different period.
SPYM has a lower expense ratio. PWRD led over 3Y and the full window, SPYM over 1Y. SPYM is less concentrated, with 39.0% 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 | SPYM |
|---|---|---|
| Expense Ratio | 0.75% | 0.02%Best |
| AUM | $1.5B | $185.2B |
| Dividend Yield | 0.06% | 1.01% |
| Holdings | 56 | 509 |
| YTD Return | +3.29% | +13.57%Best |
| 1Y Return | +2.06% | +17.53%Best |
| 3Y Return (annualized) | +25.66%Best | +22.46% |
| 5Y Return (annualized) | - | +13.29% |
| Volatility (annualized) | 23.2% | 15.5%Best |
| Max Drawdown | -25.9% | -22.1%Best |
| $10,000 over 4.7 years | $21,348Best | $18,428 |
| Top 10 Weight | 50.6% | 39.0%Best |
| Fund Family | TCW ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 2, 2022 | Nov 8, 2005 |
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).
PWRD vs SPYM 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.
PWRD vs SPYM Performance
TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Over the past year PWRD returned +2.06% while SPYM returned +17.53%. Year to date, PWRD is up 3.29% versus a gain of 13.57% for SPYM.
Over three years, PWRD compounded at +25.66% per year against +22.46% for SPYM.
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 15.5% for SPYM. 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 -22.1% for SPYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PWRD charges 0.75% per year while SPYM charges 0.02%. On a $10,000 position that is $75 vs $2 annually, a gap of $73 per year that compounds over a long holding period. On income, PWRD currently yields 0.06% against 1.01% for SPYM.
Holdings Overlap
65.5% of PWRD's money is in holdings SPYM also owns. 7.6% of SPYM's money is in holdings PWRD also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 28 positions we hold weights for in PWRD and 505 in SPYM, against full books of 56 and 509.
What only one of them owns
Our book lists 481 positions for SPYM that do not appear in our book for PWRD (91.7% of the fund), and 5 for PWRD that do not appear in SPYM (15.8%).
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 SPYM | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 8.02% | 0.48% | 7.54% |
| AVGOBroadcom Inc | 3.79% | 2.53% | 1.26% |
| ANETArista Networks Inc Common Stock | 5.72% | 0.33% | 5.39% |
| KLACKla-tencor | 5.32% | 0.41% | 4.91% |
| AMATApplied Materials, Inc. | 4.88% | 0.64% | 4.24% |
| UNPUnion Pacific Corp | 4.29% | 0.25% | 4.04% |
| XOMExxonmobil Corp. | 3.35% | 1.01% | 2.34% |
| VRTVertiv Holdings Co | 3.89% | 0.15% | 3.74% |
| ETNEaton Corp Plc | 3.75% | 0.25% | 3.50% |
| GEVGe Vernova, Inc. | 3.56% | 0.39% | 3.17% |
65.5% of PWRD is already inside SPYM.
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 SPYM?
PWRD has an expense ratio of 0.75% while SPYM charges 0.02%. SPYM is the cheaper option, by $73 a year on a $10,000 investment.
Which performed better, PWRD or SPYM?
Over the past year PWRD returned +2.06% vs +17.53% for SPYM, so SPYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PWRD or SPYM?
PWRD has been the more volatile fund at 23.2% annualized versus 15.5% for SPYM. Worst drawdown: PWRD -25.9% vs SPYM -22.1%.
Should I hold both PWRD and SPYM?
PWRD and SPYM have a monthly-return correlation of 0.79, 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 SPYM?
65.5% of PWRD's money is in holdings SPYM also owns. 7.6% of SPYM's is in holdings PWRD also owns. They hold 17 positions in common, counted across the 28 positions we hold weights for in PWRD and 505 in SPYM.
Which pays a higher dividend, PWRD or SPYM?
PWRD yields 0.06% while SPYM yields 1.01%, so SPYM currently pays the higher dividend yield.
Is SPYM better than PWRD?
SPYM has a lower expense ratio. PWRD led over 3Y and the full window, SPYM over 1Y. SPYM is less concentrated, with 39.0% 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.