USCL vs. GXLC

Last updated Jun 20, 2026

USCL (Ishares Climate Conscious & Transition MSCI USA ETF) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - USCL tracks the MSCI USA Extended Climate Action Index - Benchmark TR Gross while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. USCL charges 0.08%/yr vs 0.02%/yr for GXLC.

Performance

USCL vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USCL achieves a 5.70% return, which is significantly lower than GXLC's 10.27% return.

USCL

• 1D: 1.17%
• 1M: 0.63%
• YTD: 5.70%
• 6M: 5.87%
• 1Y: 18.56%
• 3Y*: 18.82%
• 5Y*: —
• 10Y*: —

GXLC

• 1D: 1.19%
• 1M: 2.53%
• YTD: 10.27%
• 6M: 11.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USCL vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
USCL Ishares Climate Conscious & Transition MSCI USA ETF	5.70%	2.25%
GXLC Global X U.S. 500 ETF	10.27%	3.22%

Correlation

The correlation between USCL and GXLC is 0.97 - 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 (All Time) Calculated using the full available price history since Sep 24, 2025	0.97

Return for Risk

USCL vs. GXLC — Risk / Return Rank

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

USCL

USCL Risk / Return Rank: 42
USCL Sharpe Ratio Rank: 44
USCL Sortino Ratio Rank: 41
USCL Omega Ratio Rank: 42
USCL Calmar Ratio Rank: 38
USCL Martin Ratio Rank: 45

GXLC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

USCL vs. GXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and Global X U.S. 500 ETF (GXLC). 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.

	USCL	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.47	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.82	—	—
Martin ratio: Return relative to average drawdown	7.02	—	—

Drawdowns

USCL vs. GXLC - Drawdown Comparison

The maximum USCL drawdown since its inception was -19.00%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for USCL and GXLC.

Drawdown Indicators

	USCL	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-19.00%	-9.08%	-9.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	—	—
Current Drawdown Current decline from peak	-2.10%	-1.29%	-0.81%
Average Drawdown Average peak-to-trough decline	-2.27%	-1.53%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	—	—

Volatility

Volatility by Period

	USCL	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.65%	13.82%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	13.82%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	13.82%	+1.12%

USCL vs. GXLC - Expense Ratio Comparison

USCL has a 0.08% expense ratio, which is higher than GXLC's 0.02% 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

USCL vs. GXLC - Dividend Comparison

USCL's dividend yield for the trailing twelve months is around 1.11%, more than GXLC's 0.63% yield.

Position	TTM	2025	2024	2023
GXLC Global X U.S. 500 ETF	0.63%	0.30%	0.00%	0.00%
USCL Ishares Climate Conscious & Transition MSCI USA ETF	1.11%	1.10%	1.18%	0.85%

Frequently Asked Questions

Can I hold both USCL and GXLC in my portfolio?

With a correlation of 0.97, USCL and GXLC 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 ETF is better, USCL or GXLC?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USCL or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.08% for USCL.

Which ETF pays a higher dividend yield, USCL or GXLC?

USCL has the higher dividend yield at 1.11%, compared with 0.63% for GXLC.

What is the main difference between USCL and GXLC?

USCL tracks MSCI USA Extended Climate Action Index - Benchmark TR Gross, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.08% for USCL and 0.02% for GXLC.