USCA vs. USMV

Last updated Jul 17, 2026

USCA (Xtrackers MSCI USA Climate Action Equity ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - USCA tracks the MSCI USA Climate Action Index - Benchmark TR Gross while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 3 years, USCA returned 18.34%/yr vs 11.14%/yr for USMV. A 0.64 correlation means they provide meaningful diversification when combined. USCA charges 0.07%/yr vs 0.15%/yr for USMV.

Performance

USCA vs. USMV - Performance Comparison

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

Returns By Period

In the year-to-date period, USCA achieves a 7.11% return, which is significantly higher than USMV's 3.90% return.

USCA

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

USMV

• 1D: 1.08%
• 1M: 1.27%
• 6M: 3.44%
• YTD: 3.90%
• 1Y: 6.27%
• 3Y*: 11.14%
• 5Y*: 6.96%
• 10Y*: 9.51%

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

USCA vs. USMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USCA Xtrackers MSCI USA Climate Action Equity ETF	7.11%	14.24%	27.24%	19.92%
USMV iShares MSCI USA Min Vol Factor ETF	3.90%	7.65%	15.74%	8.42%

Correlation

The correlation between USCA and USMV is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023	0.64

The correlation between USCA and USMV shifts across timeframes, from 0.50 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

USCA vs. USMV - Sectors Allocation Comparison

Sectors	USCA	USMV
Technology	41.9%	33.9%
Communication Services	12.2%	6.2%
Consumer Cyclical	10.5%	5.7%
Healthcare	9.0%	12.6%
Financial Services	8.9%	11.7%
Industrials	6.6%	6.1%
Consumer Defensive	4.0%	9.4%
Energy	1.9%	2.7%
Real Estate	1.8%	2.5%
Utilities	1.7%	6.9%
Basic Materials	1.5%	2.4%

Return for Risk

USCA vs. USMV — 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

USMV

USMV Risk / Return Rank: 25
USMV Sharpe Ratio Rank: 25
USMV Sortino Ratio Rank: 23
USMV Omega Ratio Rank: 22
USMV Calmar Ratio Rank: 25
USMV Martin Ratio Rank: 29

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. USMV - 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 MSCI USA Min Vol Factor ETF (USMV). 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	USMV	Difference
Sharpe ratio: Return per unit of total volatility	1.22	0.74	+0.48
Sortino ratio: Return per unit of downside risk	1.72	1.10	+0.63
Omega ratio: Gain probability vs. loss probability	1.22	1.13	+0.09
Calmar ratio: Return relative to maximum drawdown	1.51	0.98	+0.53
Martin ratio: Return relative to average drawdown	5.63	3.18	+2.45

USCA vs. USMV - Sharpe Ratio Comparison

The current USCA Sharpe Ratio is 1.22, which is higher than the USMV Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of USCA and USMV, 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. USMV - Drawdown Comparison

The maximum USCA drawdown since its inception was -19.14%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for USCA and USMV.

Drawdown Indicators

	USCA	USMV	Difference
Max Drawdown Largest peak-to-trough decline	-19.14%	-33.10%	+13.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.25%	-6.46%	-3.79%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	-9.36%	-9.78%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.10%	—
Current Drawdown Current decline from peak	-0.76%	-1.24%	+0.48%
Average Drawdown Average peak-to-trough decline	-2.17%	-2.87%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	1.98%	+0.76%

Volatility

USCA vs. USMV - Volatility Comparison

Xtrackers MSCI USA Climate Action Equity ETF (USCA) has a higher volatility of 3.38% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 3.00%. This indicates that USCA's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USCA	USMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	3.00%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	6.41%	+3.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	8.53%	+4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.76%	12.38%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.76%	14.50%	+0.26%

USCA vs. USMV - Expense Ratio Comparison

USCA has a 0.07% expense ratio, which is lower than USMV's 0.15% 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. USMV - Dividend Comparison

USCA's dividend yield for the trailing twelve months is around 1.11%, less than USMV's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USCA Xtrackers MSCI USA Climate Action Equity ETF	1.11%	1.14%	1.22%	1.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMV iShares MSCI USA Min Vol Factor ETF	1.49%	1.49%	1.67%	1.82%	1.62%	1.26%	1.81%	1.88%	2.12%	1.77%	2.22%	2.02%

Frequently Asked Questions

Can I hold both USCA and USMV in my portfolio?

USCA and USMV have a correlation of 0.50, 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 USMV?

USCA has higher volatility (3.38%) compared to USMV (3.00%). In terms of maximum drawdown, USCA dropped -19.14% vs USMV's -33.10%.

Which ETF is better, USCA or USMV?

On 3-year performance, USCA leads with 18.34% vs 11.14% for USMV. On fees, USCA is cheaper at 0.07% per year. On volatility, USMV has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USCA or USMV?

Over the 3-year period, USCA has performed better with a 18.34% return vs 11.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USCA or USMV?

USCA is cheaper with a 0.07% expense ratio, compared with 0.15% for USMV.

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

USMV has the higher dividend yield at 1.49%, compared with 1.11% for USCA.

What is the main difference between USCA and USMV?

USCA tracks MSCI USA Climate Action Index - Benchmark TR Gross, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.07% for USCA and 0.15% for USMV.

Which has better risk-adjusted returns?

USCA currently has the higher Sharpe Ratio (1.22 vs 0.74), 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.