PWRD vs TWOX
TCW Transform Systems ETF vs iShares Large Cap Accelerated Outcome ETF
Which is better, PWRD or TWOX?
Each has led over a different period.
TWOX has a lower expense ratio. PWRD led over the full window, TWOX 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 | TWOX |
|---|---|---|
| Expense Ratio | 0.75% | 0.50%Best |
| AUM | $1.5B | $23M |
| Dividend Yield | 0.06% | 0.47% |
| Holdings | 56 | 7 |
| YTD Return | +3.29% | +8.35%Best |
| 1Y Return | +2.06% | +13.33%Best |
| 3Y Return (annualized) | +25.66% | - |
| Volatility (annualized) | 25.6% | 10.2%Best |
| Max Drawdown | -25.9% | -19.4%Best |
| $10,000 over 1.7 years | $12,961Best | $12,132 |
| Fund Family | TCW ETFs | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 2, 2022 | Jan 15, 2025 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 16, 2025 to Oct 14, 2026 (1.7 years).
PWRD vs TWOX 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 1.7 years both funds cover.
PWRD vs TWOX Performance
TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs and iShares Large Cap Accelerated Outcome ETF (TWOX) is an ETF from iShares by BlackRock (US). Over the past year PWRD returned +2.06% while TWOX returned +13.33%. Year to date, PWRD is up 3.29% versus a gain of 8.35% for TWOX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 25.6% compared with 10.2% for TWOX. 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 -19.4% for TWOX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PWRD charges 0.75% per year while TWOX 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 0.47% for TWOX.
Holdings Overlap
We hold position weights for 28 holdings in PWRD and 3 in TWOX, totalling 98.3% and 102.2% 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 3 in TWOX, against full books of 56 and 7.
You are not choosing between two funds in isolation.
Whichever of PWRD and TWOX 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 TWOX?
PWRD has an expense ratio of 0.75% while TWOX charges 0.50%. TWOX is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, PWRD or TWOX?
Over the past year PWRD returned +2.06% vs +13.33% for TWOX, so TWOX leads on 1-year performance. Over the longest common window we track (2 years), PWRD annualized +16.48% vs +12.04% for TWOX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PWRD or TWOX?
PWRD has been the more volatile fund at 25.6% annualized versus 10.2% for TWOX. Worst drawdown: PWRD -25.9% vs TWOX -19.4%.
Should I hold both PWRD and TWOX?
PWRD and TWOX have a monthly-return correlation of 0.62, 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 TWOX?
PWRD yields 0.06% while TWOX yields 0.47%, so TWOX currently pays the higher dividend yield.
Is TWOX better than PWRD?
TWOX has a lower expense ratio. PWRD led over the full window, TWOX over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.