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PWRD vs HYBX

TCW Transform Systems ETF vs TCW High Yield Bond ETF

PWRD

TCW Transform Systems ETF

TCW

Annual cost

0.75%

Fund size

$1.5B

HYBX

TCW High Yield Bond ETF

TCW

Annual cost

0.50%

Fund size

$33M

Key differences

  • HYBX costs 0.25% less per year.
  • PWRD is significantly larger than HYBX — larger funds tend to be more liquid and less likely to close.
  • PWRD is classified as equity, while HYBX is fixed income — different risk/return profiles.
  • PWRD follows a active selection strategy; HYBX uses index tracking.
  • HYBX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PWRDHYBX
Annual cost (TER)0.75%0.50%
Fund size (AUM)$1.5B$33M
Since20221993
Dividend yield0.15%7.49%
Asset classequityfixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+41.4%+7.0%
CAGR 3Y+32.2%N/A
CAGR 5YN/AN/A
Sharpe 3Y1.23N/A
Volatility 1Y23.59%6.70%
Max drawdown-25.87%-3.93%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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