USCA vs. VOTE

Last updated Aug 2, 2026

USCA (Xtrackers MSCI USA Climate Action Equity ETF) and VOTE (TCW Transform 500 ETF) are both Large Cap Blend Equities funds - USCA tracks the MSCI USA Climate Action Index - Benchmark TR Gross while VOTE tracks the Morningstar US Large Cap Index. Both are passively managed. Over the past 3 years, USCA returned 17.57%/yr vs 19.65%/yr for VOTE. Their 0.97 correlation means they have historically moved very closely together. USCA charges 0.07%/yr vs 0.05%/yr for VOTE.

Performance

USCA vs. VOTE - Performance Comparison

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

Returns By Period

In the year-to-date period, USCA achieves a 6.50% return, which is significantly lower than VOTE's 10.03% return.

USCA

• 1D: 1.11%
• 1M: 1.00%
• 6M: 6.45%
• YTD: 6.50%
• 1Y: 14.90%
• 3Y*: 17.57%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.46%

VOTE

• 1D: 0.53%
• 1M: -0.05%
• 6M: 8.71%
• YTD: 10.03%
• 1Y: 21.16%
• 3Y*: 19.65%
• 5Y*: 12.43%
• 10Y*: —
• ALL TIME*: 12.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
USCA Xtrackers MSCI USA Climate Action Equity ETF	$2.89M	$14.00M	$5.61M
VOTE TCW Transform 500 ETF	$1.77M	$1.64M	$2.40M

USCA vs. VOTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USCA Xtrackers MSCI USA Climate Action Equity ETF	6.50%	14.24%	27.24%	19.92%
VOTE TCW Transform 500 ETF	10.03%	17.95%	25.23%	17.92%

Correlation

The correlation between USCA and VOTE is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023	0.97

The correlation between USCA and VOTE has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

USCA vs. VOTE - Sectors Allocation Comparison

Sectors	USCA	VOTE
Technology	40.9%	38.5%
Communication Services	11.5%	9.8%
Consumer Cyclical	10.2%	9.5%
Healthcare	9.8%	9.0%
Financial Services	9.4%	11.5%
Industrials	7.2%	8.8%
Consumer Defensive	4.1%	4.4%
Real Estate	1.8%	1.7%
Energy	1.8%	3.0%
Utilities	1.8%	2.1%
Basic Materials	1.6%	1.7%

Return for Risk

USCA vs. VOTE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USCA

USCA Risk / Return Rank: 39
USCA Sharpe Ratio Rank: 40
USCA Sortino Ratio Rank: 39
USCA Omega Ratio Rank: 38
USCA Calmar Ratio Rank: 37
USCA Martin Ratio Rank: 43

VOTE

VOTE Risk / Return Rank: 64
VOTE Sharpe Ratio Rank: 63
VOTE Sortino Ratio Rank: 61
VOTE Omega Ratio Rank: 60
VOTE Calmar Ratio Rank: 60
VOTE Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USCA vs. VOTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Climate Action Equity ETF (USCA) and TCW Transform 500 ETF (VOTE). 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	VOTE	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.47	-0.46
Sortino ratio: Return per unit of downside risk	1.44	2.05	-0.61
Omega ratio: Gain probability vs. loss probability	1.18	1.26	-0.08
Calmar ratio: Return relative to maximum drawdown	1.28	2.12	-0.84
Martin ratio: Return relative to average drawdown	4.70	8.96	-4.26

USCA vs. VOTE - Sharpe Ratio Comparison

The current USCA Sharpe Ratio is 1.01, which is lower than the VOTE Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of USCA and VOTE, 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. VOTE - Drawdown Comparison

The maximum USCA drawdown since its inception was -19.14%, smaller than the maximum VOTE drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for USCA and VOTE.

Drawdown Indicators

	USCA	VOTE	Difference
Max Drawdown Largest peak-to-trough decline	-19.14%	-25.71%	+6.57%
Max Drawdown (1Y) Largest decline over 1 year	-10.25%	-9.10%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	-19.08%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.71%	—
Current Drawdown Current decline from peak	-1.33%	-1.59%	+0.26%
Average Drawdown Average peak-to-trough decline	-2.17%	-6.01%	+3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.15%	+0.63%

Volatility

USCA vs. VOTE - Volatility Comparison

Xtrackers MSCI USA Climate Action Equity ETF (USCA) and TCW Transform 500 ETF (VOTE) have volatilities of 3.75% and 3.59%, 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	VOTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	3.59%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	10.29%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	13.11%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	17.20%	-2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	17.08%	-2.31%

USCA vs. VOTE - Expense Ratio Comparison

USCA has a 0.07% expense ratio, which is higher than VOTE's 0.05% 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. VOTE - Dividend Comparison

USCA's dividend yield for the trailing twelve months is around 1.12%, more than VOTE's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021
USCA Xtrackers MSCI USA Climate Action Equity ETF	1.12%	1.14%	1.22%	1.15%	0.00%	0.00%
VOTE TCW Transform 500 ETF	0.94%	1.03%	1.18%	1.33%	1.54%	0.54%

Frequently Asked Questions

Can I hold both USCA and VOTE in my portfolio?

With a correlation of 0.97, USCA and VOTE 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 VOTE?

USCA has higher volatility (3.75%) compared to VOTE (3.59%). In terms of maximum drawdown, USCA dropped -19.14% vs VOTE's -25.71%.

Which ETF is better, USCA or VOTE?

On 3-year performance, VOTE leads with 19.65% vs 17.57% for USCA. On fees, VOTE is cheaper at 0.05% per year. On volatility, VOTE has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USCA or VOTE?

Over the 3-year period, VOTE has performed better with a 19.65% return vs 17.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USCA or VOTE?

VOTE is cheaper with a 0.05% expense ratio, compared with 0.07% for USCA.

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

USCA has the higher dividend yield at 1.12%, compared with 0.94% for VOTE.

What is the main difference between USCA and VOTE?

USCA tracks MSCI USA Climate Action Index - Benchmark TR Gross, while VOTE tracks Morningstar US Large Cap Index. They also come from different issuers: Xtrackers and TCW. Their fees differ too: 0.07% for USCA and 0.05% for VOTE.

Which has better risk-adjusted returns?

VOTE currently has the higher Sharpe Ratio (1.47 vs 1.01), 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.