USCA vs. VOO

Last updated Jun 23, 2026

USCA (Xtrackers MSCI USA Climate Action Equity ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - USCA is a Large Cap Blend Equities fund tracking the MSCI USA Climate Action Index - Benchmark TR Gross, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, USCA returned 19.18%/yr vs 21.36%/yr for VOO. With a 0.98 correlation, they move nearly in lockstep. USCA charges 0.07%/yr vs 0.03%/yr for VOO.

Performance

USCA vs. VOO - Performance Comparison

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

Returns By Period

In the year-to-date period, USCA achieves a 4.83% return, which is significantly lower than VOO's 9.75% return.

USCA

• 1D: -0.61%
• 1M: -0.78%
• YTD: 4.83%
• 6M: 4.25%
• 1Y: 18.33%
• 3Y*: 19.18%
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.29%
• 1M: 0.08%
• YTD: 9.75%
• 6M: 9.30%
• 1Y: 26.77%
• 3Y*: 21.36%
• 5Y*: 13.58%
• 10Y*: 15.77%

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

USCA vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USCA Xtrackers MSCI USA Climate Action Equity ETF	4.83%	14.24%	27.24%	19.92%
VOO Vanguard S&P 500 ETF	9.75%	17.82%	24.98%	17.07%

Correlation

The correlation between USCA and VOO is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023	0.98

The correlation between USCA and VOO has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

USCA vs. VOO - Sectors Allocation Comparison

Sectors	USCA	VOO
Technology	41.9%	39.1%
Communication Services	12.2%	10.5%
Consumer Cyclical	10.5%	9.8%
Healthcare	9.0%	8.3%
Financial Services	8.9%	10.9%
Industrials	6.6%	7.6%
Consumer Defensive	4.0%	4.5%
Energy	1.9%	3.2%
Real Estate	1.8%	1.8%
Utilities	1.7%	2.5%
Basic Materials	1.5%	1.7%

Return for Risk

USCA vs. VOO — Risk / Return Rank

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

USCA

USCA Risk / Return Rank: 41
USCA Sharpe Ratio Rank: 43
USCA Sortino Ratio Rank: 41
USCA Omega Ratio Rank: 41
USCA Calmar Ratio Rank: 37
USCA Martin Ratio Rank: 43

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 67
VOO Omega Ratio Rank: 69
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 74

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Climate Action Equity ETF (USCA) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.17	-0.71
Sortino ratio: Return per unit of downside risk	2.03	2.93	-0.90
Omega ratio: Gain probability vs. loss probability	1.26	1.39	-0.13
Calmar ratio: Return relative to maximum drawdown	1.80	3.02	-1.22
Martin ratio: Return relative to average drawdown	6.92	13.58	-6.66

USCA vs. VOO - Sharpe Ratio Comparison

The current USCA Sharpe Ratio is 1.46, which is lower than the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of USCA and VOO, 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. VOO - Drawdown Comparison

The maximum USCA drawdown since its inception was -19.14%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for USCA and VOO.

Drawdown Indicators

	USCA	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-19.14%	-33.99%	+14.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.25%	-8.90%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	-18.69%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-2.87%	-1.74%	-1.13%
Average Drawdown Average peak-to-trough decline	-2.17%	-3.68%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.98%	+0.68%

Volatility

USCA vs. VOO - Volatility Comparison

Xtrackers MSCI USA Climate Action Equity ETF (USCA) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.65% and 4.60%, 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.

Volatility by Period

	USCA	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	4.60%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.83%	9.73%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	12.39%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	16.90%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	18.05%	-3.21%

USCA vs. VOO - Expense Ratio Comparison

USCA has a 0.07% expense ratio, which is higher than VOO's 0.03% expense ratio. However, 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. VOO - Dividend Comparison

USCA's dividend yield for the trailing twelve months is around 1.14%, more than VOO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USCA Xtrackers MSCI USA Climate Action Equity ETF	1.14%	1.14%	1.22%	1.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.04%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both USCA and VOO in my portfolio?

With a correlation of 0.96, USCA and VOO 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.

Which is riskier, USCA or VOO?

USCA has higher volatility (4.65%) compared to VOO (4.60%). In terms of maximum drawdown, USCA dropped -19.14% vs VOO's -33.99%.

Which ETF is better, USCA or VOO?

On 3-year performance, VOO leads with 21.36% vs 19.18% for USCA. On fees, VOO is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USCA or VOO?

Over the 3-year period, VOO has performed better with a 21.36% return vs 19.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USCA or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.07% for USCA.

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

USCA has the higher dividend yield at 1.14%, compared with 1.04% for VOO.

What is the main difference between USCA and VOO?

USCA is categorized as Large Cap Blend Equities, while VOO is S&P 500. USCA tracks MSCI USA Climate Action Index - Benchmark TR Gross, while VOO tracks S&P 500 Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.07% for USCA and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.17 vs 1.46), 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.