USCA vs. USCL
USCA (Xtrackers MSCI USA Climate Action Equity ETF) and USCL (Ishares Climate Conscious & Transition MSCI USA ETF) are both Large Cap Blend Equities funds - USCA tracks the MSCI USA Climate Action Index - Benchmark TR Gross while USCL tracks the MSCI USA Extended Climate Action Index - Benchmark TR Gross. Both are passively managed. Over the past year, USCA returned 21.47% vs 21.48% for USCL. With a 0.99 correlation, they move nearly in lockstep. USCA charges 0.07%/yr vs 0.08%/yr for USCL.
Performance
USCA vs. USCL - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with USCA having a 7.54% return and USCL slightly higher at 7.58%.
USCA
- 1D
- 0.46%
- 1M
- 4.36%
- YTD
- 7.54%
- 6M
- 7.35%
- 1Y
- 21.47%
- 3Y*
- 20.91%
- 5Y*
- —
- 10Y*
- —
USCL
- 1D
- 0.51%
- 1M
- 4.36%
- YTD
- 7.58%
- 6M
- 7.33%
- 1Y
- 21.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USCA vs. USCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USCA Xtrackers MSCI USA Climate Action Equity ETF | 7.54% | 14.24% | 27.24% | 12.74% |
USCL Ishares Climate Conscious & Transition MSCI USA ETF | 7.58% | 14.26% | 27.04% | 12.71% |
Correlation
The correlation between USCA and USCL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2023 | 0.99 |
The correlation between USCA and USCL has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
USCA vs. USCL - Sectors Allocation Comparison
Sectors
USCA
USCL
Technology
Financial Services
Communication Services
Consumer Cyclical
Healthcare
Industrials
Consumer Defensive
Energy
Utilities
Real Estate
Basic Materials
Technology
USCA
USCL
Financial Services
USCA
USCL
Communication Services
USCA
USCL
Consumer Cyclical
USCA
USCL
Healthcare
USCA
USCL
Industrials
USCA
USCL
Consumer Defensive
USCA
USCL
Energy
USCA
USCL
Utilities
USCA
USCL
Real Estate
USCA
USCL
Basic Materials
USCA
USCL
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Return for Risk
USCA vs. USCL — Risk / Return Rank
USCA
USCL
USCA vs. USCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Climate Action Equity ETF (USCA) and Ishares Climate Conscious & Transition MSCI USA ETF (USCL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| USCA | USCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.11 | 0.00 |
| Martin ratioReturn relative to average drawdown | 8.33 | 8.34 | -0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USCA | USCL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.78 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.50 | 1.41 | +0.08 |
Drawdowns
USCA vs. USCL - Drawdown Comparison
The maximum USCA drawdown since its inception was -19.14%, roughly equal to the maximum USCL drawdown of -19.00%. Use the drawdown chart below to compare losses from any high point for USCA and USCL.
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Drawdown Indicators
| USCA | USCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.14% | -19.00% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -10.24% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.35% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -2.27% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.58% | 0.00% |
Volatility
USCA vs. USCL - Volatility Comparison
Xtrackers MSCI USA Climate Action Equity ETF (USCA) and Ishares Climate Conscious & Transition MSCI USA ETF (USCL) have volatilities of 2.85% and 2.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USCA | USCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 2.80% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 9.06% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 12.13% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 14.83% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 14.83% | -0.08% |
USCA vs. USCL - Expense Ratio Comparison
USCA has a 0.07% expense ratio, which is lower than USCL's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
USCA vs. USCL - Dividend Comparison
USCA's dividend yield for the trailing twelve months is around 1.08%, which matches USCL's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
USCA Xtrackers MSCI USA Climate Action Equity ETF | 1.08% | 1.14% | 1.22% | 1.15% |
USCL Ishares Climate Conscious & Transition MSCI USA ETF | 1.07% | 1.10% | 1.18% | 0.85% |
Frequently Asked Questions
With a correlation of 1.00, USCA and USCL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
USCA has higher volatility (2.85%) compared to USCL (2.80%). In terms of maximum drawdown, USCA dropped -19.14% vs USCL's -19.00%.
On 1-year performance, USCL leads with 21.48% vs 21.47% for USCA. On fees, USCA is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USCL has performed better with a 21.48% return vs 21.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USCA is cheaper with a 0.07% expense ratio, compared with 0.08% for USCL.
USCA has the higher dividend yield at 1.08%, compared with 1.07% for USCL.
USCA tracks MSCI USA Climate Action Index - Benchmark TR Gross, while USCL tracks MSCI USA Extended Climate Action Index - Benchmark TR Gross. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.07% for USCA and 0.08% for USCL.
USCA currently has the higher Sharpe Ratio (1.79 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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