PWRDvsSPYETF Comparison
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TCW Transform Systems ETF (PWRD) and State Street SPDR S&P 500 ETF Trust (SPY) belong to the same industry segment: US Large Cap. PWRD's top 3 sector exposures are Industrials, Technology and Energy. In contrast, SPY's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. PWRD is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.0945% for SPY. PWRD is up 10.16% year-to-date (YTD) with +$406M in YTD flows. SPY performs better with 13.44% YTD performance, and +$11.27B in YTD flows. Run a side-by-side ETF comparison of PWRD and SPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PWRD vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PWRD SPY | -0.18%+3.90% | -6.27%+2.22% | +10.16%+13.44% | +13.23%+19.89% | +103.06%+80.39% | n/a+82.09% |
| Flows | PWRD SPY | +$48M-$3.03B | +$139M+$18.47B | +$406M+$11.27B | +$707M+$29.01B | +$1.07B+$77.16B | -+$92.95B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PWRD SPY | +34.49%+13.33% | +27.53%+12.79% | +22.93%+15.02% | n/a+17.02% |
| Max drawdown | PWRD SPY | -17.40%-4.46% | -17.40%-8.89% | -25.37%-18.74% | n/a-24.50% |
| Max drawdown duration | PWRD SPY | 59d59d | 59d76d | 127d126d | n/a708d |
Trading data
PWRD | SPY | |
Last sale 8/31/2026 at 1:30 PM | $767.05 | |
| Previous close 08/28/2026 | $769.35 | |
| Consolidated volume 08/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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PWRD
is actively managed and doesn’t replicate an indexPWRD | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/31/2026 at 1:30 PM
Live
Closed
PWRD | SPY | |
|---|---|---|
| Last price | – | $767.05 |
| 1D performance | – | -0.30% |
| AuM | $1.46 B | $814.41 B |
| E/R | 0.75% | 0.0945% |
Characteristics
PWRD | SPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | TCW | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 31 | 495 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 2, 2022 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
PWRD
USA
71.7%
Other
28.3%
SPY
USA
96.46%
Other
3.54%
Sectors
PWRD
Industrials
58.67%
Technology
22.53%
Energy
8.5%
Other
10.3%
SPY
Technology
44.7%
Finance
13.9%
Consumer Non-Cycl.
9.41%
Healthcare
8.88%
Industrials
7.61%
Other
15.49%
Diversification
PWRD
Total weight of top 15 holdings out of 15
69.36%
SPY
Total weight of top 15 holdings out of 15
43.98%
Top 15 holdings
Data as of July 31, 2026
PWRD
GE Aerospace
10.15%
Safran SA
5.56%
Applied Materials, Inc.
5.42%
Venture Global, Inc.
5.25%
Vertiv Holdings Co.
4.94%
KLA Corp.
4.29%
Broadcom Inc.
4.22%
Airbus SE
4.12%
Arista Networks, Inc.
4.05%
Powell Industries, Inc.
4.03%
Union Pacific Corp.
4.03%
GE Vernova, Inc.
3.51%
Bloom Energy Corp.
3.44%
Quanta Services, Inc.
3.22%
US30233Q1085
3.13%
SPY
NVIDIA Corp.
7.55%
Apple, Inc.
7.04%
Microsoft Corp.
5.36%
Amazon.com, Inc.
4.13%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.86%
Alphabet, Inc.
2.62%
Meta Platforms, Inc.
1.90%
JPMorgan Chase & Co.
1.46%
Berkshire Hathaway, Inc.
1.46%
Micron Technology, Inc.
1.44%
Eli Lilly & Co.
1.41%
Tesla, Inc.
1.36%
Advanced Micro Devices, Inc.
1.21%
Johnson & Johnson
0.96%
Frequently asked questions about PWRD and SPY
How have the PWRD and SPY ETFs performed in 2026?
As of August 28, 2026, PWRD is up 10.16% year-to-date (YTD), while SPY has returned 13.44%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: PWRD or SPY?
Year-to-date, the PWRD ETF saw +$406M in flows, compared to +$11.27B for SPY.
Which ETF is more volatile: PWRD or SPY?
Over the past year, PWRD had a volatility of 27.53%, while SPY experienced 12.79%.
Which ETF is bigger: PWRD or SPY?
As of August 28, 2026, PWRD holds $1.46 B in assets under management (AUM), while SPY manages $814.41 B.
What sectors do the PWRD and SPY ETFs invest in?
PWRD leans toward sectors like Industrials, Technology and Energy. Meanwhile, SPY focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the PWRD ETF and SPY ETF?
PWRD top holdings include GE Aerospace, Safran SA and Applied Materials, Inc.. SPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: PWRD or SPY?
PWRD holds 31 securities with 69.36% of its assets in the top 15. SPY has 500 securities and a top 15 weight of 43.98%.
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Latest news about PWRD & SPY
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August 31, 2026
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The Weekly ETF Market Monitor (August 17-21, 2026)
August 24, 2026
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The Weekly ETF Market Monitor (August 10-14, 2026)
August 17, 2026
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