ACIO vs PWRD
Aptus Collared Investment Opportunity ETF vs TCW Transform Systems ETF
Which is better, ACIO or PWRD?
Each has led over a different period.
PWRD has a lower expense ratio. ACIO led over 1Y, PWRD over 3Y and the full window. ACIO is less concentrated, with 40.4% of the fund in its ten largest positions against 51.2%.
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 | ACIO | PWRD |
|---|---|---|
| Expense Ratio | 0.79% | 0.75%Best |
| AUM | $2.4B | $1.5B |
| Dividend Yield | 0.37% | 0.06% |
| Holdings | 524 | 56 |
| YTD Return | +9.08%Best | +7.03% |
| 1Y Return | +9.87%Best | +5.53% |
| 3Y Return (annualized) | +16.26% | +27.71%Best |
| 5Y Return (annualized) | +10.31% | - |
| Volatility (annualized) | 10.4%Best | 23.1% |
| Max Drawdown | -12.1%Best | -25.9% |
| $10,000 over 4.7 years | $15,644 | $22,145Best |
| Top 10 Weight | 40.4%Best | 51.2% |
| Fund Family | Aptus ETFs | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Feb 2, 2022 |
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 12, 2026 (4.7 years).
ACIO vs PWRD 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.
ACIO vs PWRD Performance
Aptus Collared Investment Opportunity ETF (ACIO) is an ETF from Aptus ETFs and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year ACIO returned +9.87% while PWRD returned +5.53%. Year to date, ACIO is up 9.08% versus a gain of 7.03% for PWRD.
Over three years, ACIO compounded at +16.26% per year against +27.71% for PWRD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 23.1% compared with 10.4% for ACIO. 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 -12.1% for ACIO and -25.9% for PWRD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACIO charges 0.79% per year while PWRD charges 0.75%. On a $10,000 position that is $79 vs $75 annually, a gap of $4 per year that compounds over a long holding period. On income, ACIO currently yields 0.37% against 0.06% for PWRD.
Holdings Overlap
8.2% of ACIO's money is in holdings PWRD also owns. 48.5% of PWRD's money is in holdings ACIO also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 165 positions we hold weights for in ACIO and 28 in PWRD, against full books of 524 and 56.
What only one of them owns
Our book lists 10 positions for PWRD that do not appear in our book for ACIO (30.7% of the fund), and 152 for ACIO that do not appear in PWRD (91.3%).
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 ACIO | Weight in PWRD | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 0.72% | 8.14% | 7.42% |
| AVGOBroadcom Inc | 2.49% | 3.86% | 1.37% |
| ANETArista Networks Inc Common Stock | 0.35% | 5.57% | 5.22% |
| XOMExxon Mobil Corp. | 1.49% | 3.57% | 2.08% |
| AMATApplied Materials, Inc. | 0.51% | 4.24% | 3.73% |
| VRTVertiv Co. | 0.14% | 4.54% | 4.40% |
| KLACKla Corp | 0.35% | 4.13% | 3.78% |
| GEVGe Vernova, Inc. | 0.37% | 3.28% | 2.91% |
| TTTrane Technologies PLC|125 | 0.13% | 3.40% | 3.27% |
| ETNEaton Corp Plc | 0.50% | 2.78% | 2.28% |
48.5% of PWRD is already inside ACIO.
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, ACIO or PWRD?
ACIO has an expense ratio of 0.79% while PWRD charges 0.75%. PWRD is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, ACIO or PWRD?
Over the past year ACIO returned +9.87% vs +5.53% for PWRD, so ACIO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACIO or PWRD?
PWRD has been the more volatile fund at 23.1% annualized versus 10.4% for ACIO. Worst drawdown: ACIO -12.1% vs PWRD -25.9%.
Should I hold both ACIO and PWRD?
ACIO and PWRD have a monthly-return correlation of 0.75, 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 ACIO and PWRD?
48.5% of PWRD's money is in holdings ACIO also owns. 48.5% of PWRD's is in holdings ACIO also owns. They hold 12 positions in common, counted across the 165 positions we hold weights for in ACIO and 28 in PWRD.
Which pays a higher dividend, ACIO or PWRD?
ACIO yields 0.37% while PWRD yields 0.06%, so ACIO currently pays the higher dividend yield.
Is PWRD better than ACIO?
PWRD has a lower expense ratio. ACIO led over 1Y, PWRD over 3Y and the full window. ACIO is less concentrated, with 40.4% of the fund in its ten largest positions against 51.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.