PWB vs PWRD: Differences, Returns & Fees
PWB and PWRD hold 16% of their weight in the same names, and PWB returned +20.2% over the year. Net assets: $2.6bn on Oct 20, 2026 for Invesco Large Cap Growth ETF, and $1.5bn on Jul 31, 2026 for TCW Transform Systems ETF.
PWB costs 0.20 points a year less; their one-year returns differ by 21.4 points; PWB is 1.6 times larger.
| PWB | PWRD | |
|---|---|---|
| Expense ratio | 0.55% | 0.75% |
| Net assets, as of Jul 31, 2026 | $2.3bn | $1.5bn |
| Total return, 1 year | +20.2% | −1.2% |
| What it tracks | Dynamic Large Cap Growth Intellidex Index | No index, actively managed |
| Holdings in common | 16% | |
| Top ten holdings, share of the fund | 36.0% | 52.0% |
| Below its high | 8.9%, high on Jun 22, 2026 | 20.1%, high on Jun 30, 2026 |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 19, 2026.
PWB and PWRD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. PWB follows Dynamic Large Cap Growth Intellidex Index and PWRD follows No index, actively managed.
- Holdings in common. 16% of the weight is in the same securities (holdings dated Oct 19, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 PWB returned +20.2% and PWRD −1.2% with distributions reinvested, a gap of 21.4 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, PWB and PWRD hold 16% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.
half
16% in common
On the same fields
PWB and PWRD on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About PWB
PWB tracks an index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 19, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 36.0%. It sat 8.9% below its high of Jun 22, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +20.2% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
About PWRD
PWRD is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.75% a year. By its holdings filed for Jul 31, 2026, 57% of the fund by weight is stocks the S&P 500 also holds, across 31 positions, with the top ten at 52.0%. It sat 20.1% below its high of Jun 30, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, PWB or PWRD?
- In the year to Oct 20, 2026, with distributions reinvested, PWB returned +20.2% and PWRD −1.2%.
- Which is cheaper, PWB or PWRD?
- PWB is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, PWB against PWRD, data as of Oct 20, 2026. https://etfiq.com/compare/any/pwb-vs-pwrd
ETFIQ. (Oct 20, 2026). PWB against PWRD. Retrieved from https://etfiq.com/compare/any/pwb-vs-pwrd
[PWB against PWRD (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/pwb-vs-pwrd)
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