ALAI vs PWRD
Alger AI Enablers & Adopters ETF vs TCW Transform Systems ETF
Which is better, ALAI or PWRD?
ALAI has been ahead.
ALAI has a lower expense ratio. ALAI led over 1Y and the full window.
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 | ALAI | PWRD |
|---|---|---|
| Expense Ratio | 0.58%Best | 0.75% |
| AUM | $2.1B | $1.3B |
| Dividend Yield | 1.31% | 0.06% |
| Holdings | 146 | 58 |
| YTD Return | +12.15%Best | -1.07% |
| 1Y Return | +10.90%Best | -1.19% |
| 3Y Return (annualized) | - | +23.58% |
| Volatility (annualized) | 26.4% | 23.2%Best |
| Max Drawdown | -29.4% | -27.0%Best |
| $10,000 over 2.6 years | $20,716Best | $14,226 |
| Fund Family | Alger | TCW ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Feb 2, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Apr 5, 2024 to Nov 11, 2026 (2.6 years).
ALAI 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 2.6 years both funds cover.
ALAI vs PWRD Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs. Over the past year ALAI returned +10.90% while PWRD returned -1.19%. Year to date, ALAI is up 12.15% versus a loss of 1.07% for PWRD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 26.4% compared with 23.2% for PWRD. 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 -29.4% for ALAI and -27.0% 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ALAI charges 0.58% per year while PWRD charges 0.75%. On a $10,000 position that is $58 vs $75 annually, a gap of $17 per year that compounds over a long holding period. On income, ALAI currently yields 1.31% against 0.06% for PWRD.
Holdings Overlap
At least 21.3% of PWRD's money is in holdings ALAI also owns.
Stated as a floor: for ALAI, our book for it covers 95.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
PWRD and ALAI share little of their money.
6 positions in common, counted across the 58 positions we hold weights for in ALAI and 28 in PWRD, against full books of 146 and 58.
Top Shared Holdings
| Stock | Weight in ALAI | Weight in PWRD | Difference |
|---|---|---|---|
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 5.93% | 3.16% | 2.77% |
| AVGOBroadcom Inc | 3.72% | 3.39% | 0.33% |
| ANETArista Networks Inc Common Stock | 0.36% | 4.55% | 4.19% |
| GEVGe Vernova | 1.13% | 3.41% | 2.28% |
| ETNEaton Corporation Plc Ordinary Shares | 0.69% | 3.45% | 2.76% |
| PWRQuanta Services Inc | 0.57% | 3.34% | 2.77% |
21.3% of PWRD is already inside ALAI.
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, ALAI or PWRD?
ALAI has an expense ratio of 0.58% while PWRD charges 0.75%. ALAI is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, ALAI or PWRD?
Over the past year ALAI returned +10.90% vs -1.19% for PWRD, so ALAI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or PWRD?
ALAI has been the more volatile fund at 26.4% annualized versus 23.2% for PWRD. Worst drawdown: ALAI -29.4% vs PWRD -27.0%.
Should I hold both ALAI and PWRD?
ALAI and PWRD have a monthly-return correlation of 0.69, 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 ALAI and PWRD?
At least 21.3% of PWRD's money is in holdings ALAI also owns. Our book for ALAI is partial, so the real figure is this or higher. They hold 6 positions in common, counted across the 58 positions we hold weights for in ALAI and 28 in PWRD.
Which pays a higher dividend, ALAI or PWRD?
ALAI yields 1.31% while PWRD yields 0.06%, so ALAI currently pays the higher dividend yield.
Is PWRD better than ALAI?
ALAI has a lower expense ratio. ALAI led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.