USCA vs. SPXM

Last updated Jul 17, 2026

USCA (Xtrackers MSCI USA Climate Action Equity ETF) and SPXM (Azoria 500 Meritocracy ETF) are both Large Cap Blend Equities funds. USCA is passively managed, while SPXM is actively managed. Over the past year, USCA returned 15.41% vs 8.72% for SPXM. A 0.53 correlation means they provide meaningful diversification when combined. USCA charges 0.07%/yr vs 0.47%/yr for SPXM.

Performance

USCA vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI USA Climate Action Equity ETF (USCA) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USCA

• 1D: -0.51%
• 1M: 1.13%
• 6M: 6.77%
• YTD: 7.11%
• 1Y: 15.41%
• 3Y*: 18.34%
• 5Y*: —
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 8.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USCA vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
USCA Xtrackers MSCI USA Climate Action Equity ETF	7.11%	8.11%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.27%

Correlation

The correlation between USCA and SPXM is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.53

The correlation between USCA and SPXM has been stable across timeframes, ranging from 0.53 to 0.53 - a consistent structural relationship.

Return for Risk

USCA vs. SPXM — Risk / Return Rank

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

USCA

USCA Risk / Return Rank: 40
USCA Sharpe Ratio Rank: 42
USCA Sortino Ratio Rank: 40
USCA Omega Ratio Rank: 40
USCA Calmar Ratio Rank: 36
USCA Martin Ratio Rank: 43

SPXM

SPXM Risk / Return Rank: 60
SPXM Sharpe Ratio Rank: 50
SPXM Sortino Ratio Rank: 48
SPXM Omega Ratio Rank: 82
SPXM Calmar Ratio Rank: 52
SPXM Martin Ratio Rank: 69

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.

USCA vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Climate Action Equity ETF (USCA) and Azoria 500 Meritocracy ETF (SPXM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	USCA	SPXM	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.40	-0.18
Sortino ratio: Return per unit of downside risk	1.72	1.98	-0.26
Omega ratio: Gain probability vs. loss probability	1.22	1.39	-0.17
Calmar ratio: Return relative to maximum drawdown	1.51	2.11	-0.60
Martin ratio: Return relative to average drawdown	5.63	9.87	-4.24

USCA vs. SPXM - Sharpe Ratio Comparison

The current USCA Sharpe Ratio is 1.22, which is comparable to the SPXM Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of USCA and SPXM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USCA vs. SPXM - Drawdown Comparison

The maximum USCA drawdown since its inception was -19.14%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for USCA and SPXM.

Drawdown Indicators

	USCA	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-19.14%	-5.08%	-14.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.25%	-5.08%	-5.17%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	—	—
Current Drawdown Current decline from peak	-0.76%	-0.75%	-0.01%
Average Drawdown Average peak-to-trough decline	-2.17%	-0.78%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	—	—

Volatility

USCA vs. SPXM - Volatility Comparison

Xtrackers MSCI USA Climate Action Equity ETF (USCA) has a higher volatility of 3.38% compared to Azoria 500 Meritocracy ETF (SPXM) at 0.00%. This indicates that USCA's price experiences larger fluctuations and is considered to be riskier than SPXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USCA	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	0.00%	+3.38%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	3.78%	+6.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	7.65%	+5.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.76%	7.59%	+7.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.76%	7.59%	+7.17%

USCA vs. SPXM - Expense Ratio Comparison

USCA has a 0.07% expense ratio, which is lower than SPXM's 0.47% expense ratio.

Dividends

USCA vs. SPXM - Dividend Comparison

USCA's dividend yield for the trailing twelve months is around 1.11%, more than SPXM's 0.24% yield.

Position	TTM	2025	2024	2023
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%
USCA Xtrackers MSCI USA Climate Action Equity ETF	1.11%	1.14%	1.22%	1.15%

Frequently Asked Questions

Can I hold both USCA and SPXM in my portfolio?

USCA and SPXM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USCA or SPXM?

USCA has higher volatility (3.38%) compared to SPXM (0.00%). In terms of maximum drawdown, USCA dropped -19.14% vs SPXM's -5.08%.

Which ETF is better, USCA or SPXM?

On 1-year performance, USCA leads with 15.41% vs 8.72% for SPXM. On fees, USCA is cheaper at 0.07% per year. On volatility, SPXM has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USCA or SPXM?

Over the 1-year period, USCA has performed better with a 15.41% return vs 8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USCA or SPXM?

USCA is cheaper with a 0.07% expense ratio, compared with 0.47% for SPXM.

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

USCA has the higher dividend yield at 1.11%, compared with 0.24% for SPXM.

What is the main difference between USCA and SPXM?

They also come from different issuers: Xtrackers and Azoria. Their fees differ too: 0.07% for USCA and 0.47% for SPXM.

Which has better risk-adjusted returns?

SPXM currently has the higher Sharpe Ratio (1.40 vs 1.22), 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.