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BPAY vs PWRD

iShares FinTech Active ETF vs TCW Transform Systems ETF

BPAY

iShares FinTech Active ETF

Annual cost

0.55%

Fund size

$9M

PWRD

TCW Transform Systems ETF

Annual cost

0.75%

Fund size

$1.5B

Key differences

  • BPAY costs 0.20% less per year.
  • PWRD is significantly larger than BPAY — larger funds tend to be more liquid and less likely to close.
  • BPAY is classified as alternative, while PWRD is equity — different risk/return profiles.
  • BPAY covers global markets; PWRD covers north america.
  • Over the last 3 years, PWRD has delivered higher annualized returns.

Side-by-side comparison

BPAYPWRD
Annual cost (TER)0.55%0.75%
Fund size (AUM)$9M$1.5B
Since20222022
Dividend yield2.89%0.15%
Asset classalternativeequity
Regionglobalnorth america
Strategyactive selectionactive selection
CAGR 1Y-4.3%+41.4%
CAGR 3Y+10.4%+32.2%
CAGR 5YN/AN/A
Sharpe 3Y0.391.23
Volatility 1Y25.59%23.59%
Max drawdown-33.62%-25.87%

Similar to BPAY and PWRD