PWRD vs TENM
TCW Transform Systems ETF vs iShares Large Cap 10% Target Buffer Mar ETF
Which is better, PWRD or TENM?
TENM has been ahead.
TENM has a lower expense ratio. TENM led over 1Y.
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 | TENM |
|---|---|---|
| Expense Ratio | 0.75% | 0.50%Best |
| AUM | $1.5B | $47M |
| Dividend Yield | 0.06% | 0.27% |
| Holdings | 56 | 8 |
| YTD Return | +3.29% | +9.71%Best |
| 1Y Return | +2.06% | +11.85%Best |
| 3Y Return (annualized) | +25.66% | - |
| Volatility (annualized) | 27.1% | 7.0%Best |
| Fund Family | TCW ETFs | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 2, 2022 | Oct 21, 2025 |
Not shown on this pair: 5Y Return (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
PWRD vs TENM 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
PWRD vs TENM Performance
TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs and iShares Large Cap 10% Target Buffer Mar ETF (TENM) is an ETF from iShares by BlackRock (US). Over the past year PWRD returned +2.06% while TENM returned +11.85%. Year to date, PWRD is up 3.29% versus a gain of 9.71% for TENM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 27.1% compared with 7.0% for TENM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PWRD charges 0.75% per year while TENM charges 0.50%. On a $10,000 position that is $75 vs $50 annually, a gap of $25 per year that compounds over a long holding period. On income, PWRD currently yields 0.06% against 0.27% for TENM.
Holdings Overlap
We hold position weights for 28 holdings in PWRD and 2 in TENM, totalling 98.3% and 104.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 28 positions we hold weights for in PWRD and 2 in TENM, against full books of 56 and 8.
You are not choosing between two funds in isolation.
Whichever of PWRD and TENM 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 TENM?
PWRD has an expense ratio of 0.75% while TENM charges 0.50%. TENM is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, PWRD or TENM?
Over the past year PWRD returned +2.06% vs +11.85% for TENM, so TENM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PWRD or TENM?
PWRD has been the more volatile fund at 27.1% annualized versus 7.0% for TENM.
Should I hold both PWRD and TENM?
PWRD and TENM have a monthly-return correlation of 0.57, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PWRD or TENM?
PWRD yields 0.06% while TENM yields 0.27%, so TENM currently pays the higher dividend yield.
Is TENM better than PWRD?
TENM has a lower expense ratio. TENM led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.