PWRD vs SCHD
TCW Transform Systems ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | PWRD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.06% | |
| AUM | $1.5B | $103.7B | |
| Dividend Yield | 0.05% | 3.31% | |
| Holdings | 31 | 104 | |
| YTD Return | +15.68% | +25.58% | |
| 1Y Return | +19.36% | +31.06% | |
| 3Y Return (annualized) | +29.62% | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 23.5% | 13.6% | |
| Max Drawdown | -25.9% | -33.4% | |
| Fund Family | TCW ETFs | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Feb 2, 2022 | Oct 20, 2011 |
PWRD vs SCHD Performance
TCW Transform Systems ETF (PWRD) is a ETF from TCW ETFs and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PWRD returned +19.36% while SCHD returned +31.06%. Year to date, PWRD is up 15.68% versus a gain of 25.58% for SCHD.
Over three years, PWRD compounded at +29.62% per year against +15.55% for SCHD. Across the full 5-year window we track, PWRD has the edge at +21.24% annualized vs +11.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 23.5% compared with 13.6% for SCHD. 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 -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PWRD charges 0.75% per year while SCHD charges 0.06%. On a $10,000 position that is $75 vs $6 annually, a gap of $69 per year that compounds over a long holding period. On income, PWRD currently yields 0.05% against 3.31% for SCHD.
Holdings Overlap
PWRD and SCHD share 0 holdings out of 134 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PWRD or SCHD?
PWRD has an expense ratio of 0.75% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, PWRD or SCHD?
Over the past year PWRD returned +19.36% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), PWRD annualized +21.24% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, PWRD or SCHD?
PWRD has been the more volatile fund at 23.5% annualized versus 13.6% for SCHD. Worst drawdown: PWRD -25.9% vs SCHD -33.4%.
Should I hold both PWRD and SCHD?
PWRD and SCHD have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PWRD and SCHD?
PWRD and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 134 unique securities.
Which pays a higher dividend, PWRD or SCHD?
PWRD yields 0.05% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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