Data as of Oct 28, 2026.

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PWRD vs QGRO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PWRD returned −1.9% to QGRO's +1.8%; 15% of their weight is in the same names.

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Net assets: $1.5bn on Jul 31, 2026 for TCW Transform Systems ETF, and $2.2bn on May 31, 2026 for American Century U.S. Quality Growth ETF.

At a glance
−1.9%
PWRD total return, 1 year
+1.8%
QGRO total return, 1 year
0.75%
PWRD expense ratio
0.29%
QGRO expense ratio

Pair scorecard

QGRO costs 0.46 points a year less; their one-year returns differ by 3.7 points.

PWRD vs QGRO: Differences, Returns & Fees
MeasurePWRDQGRO
Return
Total return, 1 year−1.9%+1.8%
Drawdown
Below its high19.1%, high on Jun 30, 2026
Benchmark
What it tracksNo index, actively managedAmerican Century U.S. Quality Growth Index
Cost and size
Expense ratio0.75%0.29%
Net assets, PWRD as of Jul 31, 2026 and QGRO as of May 31, 2026$1.5bn$2.2bn
Holdings
Holdings in common15%
Top ten holdings, share of the fund52.0%30.9%

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026. Method

Risk and return

Feb 11, 2022 to Oct 23, 2026 · 245 weekly returns
PWRD QGRO
Return
Total return edge PWRD +95.8% +75.0%
Annualized edge PWRD +15.3% +12.6%
Price return edge PWRD +90.9% +72.2%
Risk
Volatility edge QGRO (slight) 21.4% 20.0%
Max drawdown edge QGRO (slight) −24.5% −22.9%
Risk-adjusted
Sharpe edge PWRD 0.58 0.48
Sortino edge PWRD 0.86 0.74
Calmar edge PWRD 0.63 0.55
Reading

PWRD returned more: +95.8% to +75.0%. QGRO swung slightly less: 20.0% to 21.4%. QGRO fell slightly less at its worst: −22.9% to −24.5%.

Full scorecard

9 measures, with how each is measured
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Risk and return: PWRD vs QGRO: Differences, Returns & Fees
MeasurePWRDQGROEdgeHow it is measured
Return
Total return+95.8%+75.0%PWRDPrice change plus distributions, reinvested.
Annualized+15.3%+12.6%PWRDTotal return as a yearly rate.
Price return+90.9%+72.2%PWRDPrice change alone, distributions left out.
Risk
Volatility21.4%20.0%QGRO (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation14.4%13.1%QGRO (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−24.5%−22.9%QGRO (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.580.48PWRDReturn above Treasury bills per unit of volatility.
Sortino0.860.74PWRDReturn above Treasury bills per unit of downside deviation.
Calmar0.630.55PWRDAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 245 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

15%

By the books each fund has filed, PWRD and QGRO hold 15% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.

0 half 100%

half

15% in common

Positions both hold · largest shared weight first PWRD QGRO
KLA CORP 4.29% 3.03%
ARISTA NETWORKS INC 4.05% 2.83%
GENERAL ELECTRIC 10.15% 2.01%
GE VERNOVA INC 3.51% 1.77%
VERTIV HOLDINGS CO-A 4.94% 1.58%
COMFORT SYSTEMS USA INC 1.81% 1.52%
APPLIED MATERIALS INC 5.42% 1.50%
CATERPILLAR INC 1.91% 0.24%
MODINE MANUFACTURING CO 1.69% 0.19%
VISTRA CORP 0.01% 0.14%
Only in one fund ↓
Only in PWRD
SAFRAN SA /EUR 5.56%
VENTURE GLOBAL INC-CL A 5.25%
BROADCOM INC 4.22%
AIRBUS SE /EUR 4.12%
POWELL INDUSTRIES INC 4.03%
UNION PACIFIC CORP 4.03%
BLOOM ENERGY CORP- A 3.44%
QUANTA SERVICES INC 3.22%
Only in QGRO
Apple Inc 3.90%
TJX Cos Inc 3.23%
NVIDIA Corp 3.15%
Mastercard Inc 3.10%
Netflix Inc 3.10%
Lam Research Corp 3.07%
AppLovin Corp 2.77%
Palantir Technologies Inc 2.73%
Check overlap with more funds →

Side by side

PWRD TCW Transform Systems ETF QGRO American Century U.S. Quality Growth ETF
Where it sits Stock ETF Stock ETF
What it is Actively managed Tracks an index
Total return, 1 year −1.9% +1.8%
Its benchmark over the same days not measured +0.9% (IWF)
Gap to its benchmark not measured +0.9 pts vs IWF
Expense ratio 0.75% 0.29%
Already in the S&P 500 57.0% 79.9%
Holdings 31 189
Net assets, PWRD as of Jul 31, 2026 and QGRO as of May 31, 2026 $1.5bn $2.2bn

PWRD and QGRO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-62DAD3C206

PWRD and QGRO are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. PWRD follows No index, actively managed and QGRO follows American Century U.S. Quality Growth Index.
  2. Holdings in common. 15% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 31, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 PWRD returned −1.9% and QGRO +1.8% with distributions reinvested, a gap of 3.7 points.

Data as of Oct 28, 2026.

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About each fund
PWRD

PWRD is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.9% 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 19.1% below its high of Jun 30, 2026 on Oct 28, 2026.

QGRO

Over the year to Oct 28, 2026 it returned +1.8% with distributions reinvested, against +0.9% for its benchmark, the Russell 1000 Growth.

QGRO tracks an index. The prospectus expense ratio is 0.29% a year. By its holdings filed for May 31, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 189 positions, with the top ten at 30.9%.

Questions people ask

Which returned more over the last year, PWRD or QGRO?
In the year to Oct 28, 2026, with distributions reinvested, PWRD returned −1.9% and QGRO +1.8%.
Which is cheaper, PWRD or QGRO?
QGRO is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do PWRD and QGRO overlap with the S&P 500?
By their latest filed holdings, 57% of PWRD and 80% of QGRO by weight is stocks the S&P 500 already holds.
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ETFIQ, PWRD against QGRO, data as of Oct 28, 2026. https://etfiq.com/compare/any/pwrd-vs-qgro

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