PWRD vs TENJ
TCW Transform Systems ETF vs iShares Large Cap 10% Target Buffer Jun ETF
Which is better, PWRD or TENJ?
TENJ has been ahead.
TENJ has a lower expense ratio. TENJ 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 | PWRD | TENJ |
|---|---|---|
| Expense Ratio | 0.75% | 0.50%Best |
| AUM | $1.5B | $54M |
| Dividend Yield | 0.06% | 0.23% |
| Holdings | 56 | 8 |
| YTD Return | -1.27% | +10.38%Best |
| 1Y Return | -4.04% | +11.54%Best |
| 3Y Return (annualized) | +24.96% | - |
| Volatility (annualized) | 28.0% | 8.6%Best |
| Max Drawdown | -23.3% | -5.5%Best |
| $10,000 over 1 years | $10,020 | $11,231Best |
| 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), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 22, 2025 to Oct 30, 2026 (1 years).
PWRD vs TENJ 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 years both funds cover.
PWRD vs TENJ Performance
TCW Transform Systems ETF (PWRD) is an ETF from TCW ETFs and iShares Large Cap 10% Target Buffer Jun ETF (TENJ) is an ETF from iShares by BlackRock (US). Over the past year PWRD returned -4.04% while TENJ returned +11.54%. Year to date, PWRD is down 1.27% versus a gain of 10.38% for TENJ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWRD has been the more volatile fund, with annualized monthly volatility of 28.0% compared with 8.6% for TENJ. 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 -23.3% for PWRD and -5.5% for TENJ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PWRD charges 0.75% per year while TENJ 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 0.23% for TENJ.
Holdings Overlap
We hold position weights for 28 holdings in PWRD and 2 in TENJ, totalling 98.3% and 99.0% 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 TENJ, against full books of 56 and 8.
You are not choosing between two funds in isolation.
Whichever of PWRD and TENJ 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 TENJ?
PWRD has an expense ratio of 0.75% while TENJ charges 0.50%. TENJ is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, PWRD or TENJ?
Over the past year PWRD returned -4.04% vs +11.54% for TENJ, so TENJ leads on 1-year performance. Over the longest common window we track (1 years), PWRD annualized +0.20% vs +12.31% for TENJ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PWRD or TENJ?
PWRD has been the more volatile fund at 28.0% annualized versus 8.6% for TENJ. Worst drawdown: PWRD -23.3% vs TENJ -5.5%.
Should I hold both PWRD and TENJ?
PWRD and TENJ have a monthly-return correlation of 0.67, 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 TENJ?
PWRD yields 0.06% while TENJ yields 0.23%, so TENJ currently pays the higher dividend yield.
Is TENJ better than PWRD?
TENJ has a lower expense ratio. TENJ 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.