UPGR vs. USCA

Last updated Jun 5, 2026

UPGR (Xtrackers US Green Infrastructure Select Equity ETF) and USCA (Xtrackers MSCI USA Climate Action Equity ETF) are both exchange-traded funds - UPGR is a Energy Equities fund tracking the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while USCA is a Large Cap Blend Equities fund tracking the MSCI USA Climate Action Index - Benchmark TR Gross. Both are passively managed. Over the past year, UPGR returned 73.35% vs 21.47% for USCA. A 0.61 correlation means they provide meaningful diversification when combined. UPGR charges 0.35%/yr vs 0.07%/yr for USCA.

Performance

UPGR vs. USCA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Xtrackers MSCI USA Climate Action Equity ETF (USCA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UPGR achieves a 23.29% return, which is significantly higher than USCA's 7.54% return.

UPGR

• 1D: 0.97%
• 1M: 11.33%
• YTD: 23.29%
• 6M: 17.90%
• 1Y: 73.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USCA

• 1D: 0.46%
• 1M: 4.36%
• YTD: 7.54%
• 6M: 7.35%
• 1Y: 21.47%
• 3Y*: 20.91%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UPGR vs. USCA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UPGR Xtrackers US Green Infrastructure Select Equity ETF	23.29%	35.25%	-14.72%	-15.29%
USCA Xtrackers MSCI USA Climate Action Equity ETF	7.54%	14.24%	27.24%	6.89%

Correlation

The correlation between UPGR and USCA is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023	0.61

The correlation between UPGR and USCA has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

UPGR vs. USCA - Sectors Allocation Comparison

Sectors	UPGR	USCA
Industrials	51.4%	7.0%
Utilities	12.2%	2.4%
Consumer Cyclical	10.4%	11.9%
Basic Materials	10.0%	1.9%
Energy	9.8%	3.5%
Technology	3.9%	29.4%
Consumer Defensive	2.1%	4.7%
Financial Services	0.1%	13.6%
Communication Services	-	12.7%
Healthcare	-	10.7%
Real Estate	-	2.3%

Return for Risk

UPGR vs. USCA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UPGR

UPGR Risk / Return Rank: 70
UPGR Sharpe Ratio Rank: 76
UPGR Sortino Ratio Rank: 69
UPGR Omega Ratio Rank: 61
UPGR Calmar Ratio Rank: 84
UPGR Martin Ratio Rank: 62

USCA

USCA Risk / Return Rank: 50
USCA Sharpe Ratio Rank: 53
USCA Sortino Ratio Rank: 52
USCA Omega Ratio Rank: 52
USCA Calmar Ratio Rank: 43
USCA Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UPGR vs. USCA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Xtrackers MSCI USA Climate Action Equity ETF (USCA). 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.

	UPGR	USCA	Difference
Sharpe ratio: Return per unit of total volatility	2.44	1.79	+0.65
Sortino ratio: Return per unit of downside risk	3.10	2.48	+0.62
Omega ratio: Gain probability vs. loss probability	1.37	1.32	+0.05
Calmar ratio: Return relative to maximum drawdown	4.46	2.10	+2.35
Martin ratio: Return relative to average drawdown	10.94	8.33	+2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UPGR vs. USCA - Sharpe Ratio Comparison

The current UPGR Sharpe Ratio is 2.44, which is higher than the USCA Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of UPGR and USCA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UPGR	USCA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	1.79	+0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.50	-1.28

Drawdowns

UPGR vs. USCA - Drawdown Comparison

The maximum UPGR drawdown since its inception was -46.60%, which is greater than USCA's maximum drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for UPGR and USCA.

Drawdown Indicators

	UPGR	USCA	Difference
Max Drawdown Largest peak-to-trough decline	-46.60%	-19.14%	-27.46%
Max Drawdown (1Y) Largest decline over 1 year	-16.55%	-10.25%	-6.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.14%	—
Current Drawdown Current decline from peak	-1.57%	-0.36%	-1.21%
Average Drawdown Average peak-to-trough decline	-20.50%	-2.16%	-18.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.73%	2.58%	+4.15%

Volatility

UPGR vs. USCA - Volatility Comparison

Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a higher volatility of 10.77% compared to Xtrackers MSCI USA Climate Action Equity ETF (USCA) at 2.85%. This indicates that UPGR's price experiences larger fluctuations and is considered to be riskier than USCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UPGR	USCA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.77%	2.85%	+7.92%
Volatility (6M) Calculated over the trailing 6-month period	20.38%	9.08%	+11.30%
Volatility (1Y) Calculated over the trailing 1-year period	30.23%	12.08%	+18.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.49%	14.75%	+15.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.49%	14.75%	+15.74%

UPGR vs. USCA - Expense Ratio Comparison

UPGR has a 0.35% expense ratio, which is higher than USCA's 0.07% expense ratio.

Dividends

UPGR vs. USCA - Dividend Comparison

UPGR's dividend yield for the trailing twelve months is around 0.27%, less than USCA's 1.08% yield.

Position	TTM	2025	2024	2023
UPGR Xtrackers US Green Infrastructure Select Equity ETF	0.27%	0.39%	1.16%	0.32%
USCA Xtrackers MSCI USA Climate Action Equity ETF	1.08%	1.14%	1.22%	1.15%

Frequently Asked Questions

Can I hold both UPGR and USCA in my portfolio?

UPGR and USCA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UPGR or USCA?

UPGR has higher volatility (10.77%) compared to USCA (2.85%). In terms of maximum drawdown, UPGR dropped -46.60% vs USCA's -19.14%.

Which ETF is better, UPGR or USCA?

On 1-year performance, UPGR leads with 73.35% vs 21.47% for USCA. On fees, USCA is cheaper at 0.07% per year. On volatility, USCA has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UPGR or USCA?

Over the 1-year period, UPGR has performed better with a 73.35% return vs 21.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UPGR or USCA?

USCA is cheaper with a 0.07% expense ratio, compared with 0.35% for UPGR.

Which ETF pays a higher dividend yield, UPGR or USCA?

USCA has the higher dividend yield at 1.08%, compared with 0.27% for UPGR.

What is the main difference between UPGR and USCA?

UPGR is categorized as Energy Equities, while USCA is Large Cap Blend Equities. UPGR tracks Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while USCA tracks MSCI USA Climate Action Index - Benchmark TR Gross. Their fees differ too: 0.35% for UPGR and 0.07% for USCA.

Which has better risk-adjusted returns?

UPGR currently has the higher Sharpe Ratio (2.44 vs 1.79), 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.