USCL vs. JCTR

Last updated Apr 1, 2026

Compare and contrast key facts about Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and JPMorgan Carbon Transition U.S. Equity ETF (JCTR).

USCL and JCTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USCL is a passively managed fund by iShares that tracks the performance of the MSCI USA Extended Climate Action Index - Benchmark TR Gross. It was launched on Jun 6, 2023. JCTR is a passively managed fund by JPMorgan that tracks the performance of the JPMorgan Asset Management Carbon Transition U.S. Equity Index. It was launched on Dec 9, 2020. Both USCL and JCTR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

USCL vs. JCTR - Performance Comparison

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

USCL vs. JCTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USCL Ishares Climate Conscious & Transition MSCI USA ETF	-6.39%	14.26%	27.04%	12.71%
JCTR JPMorgan Carbon Transition U.S. Equity ETF	0.00%	13.55%	24.74%	12.75%

Returns By Period

USCL

• 1D: 2.77%
• 1M: -4.54%
• YTD: -6.39%
• 6M: -4.62%
• 1Y: 11.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JCTR

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

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

USCL vs. JCTR - Expense Ratio Comparison

USCL has a 0.08% expense ratio, which is lower than JCTR'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%.

JCTR

JPMorgan Carbon Transition U.S. Equity ETF

USCL

Ishares Climate Conscious & Transition MSCI USA ETF

Return for Risk

USCL vs. JCTR — Risk / Return Rank

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

USCL

USCL Risk / Return Rank: 41
USCL Sharpe Ratio Rank: 37
USCL Sortino Ratio Rank: 39
USCL Omega Ratio Rank: 41
USCL Calmar Ratio Rank: 43
USCL Martin Ratio Rank: 45

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. JCTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and JPMorgan Carbon Transition U.S. Equity ETF (JCTR). 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.

	USCL	JCTR	Difference
Sharpe ratio Return per unit of total volatility	0.65	—	—
Sortino ratio Return per unit of downside risk	1.05	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	1.03	—	—
Martin ratio Return relative to average drawdown	4.13	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	USCL	JCTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	—	—

Correlation

The correlation between USCL and JCTR is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

USCL vs. JCTR - Dividend Comparison

USCL's dividend yield for the trailing twelve months is around 1.23%, more than JCTR's 0.43% yield.

	TTM	2025	2024	2023	2022	2021	2020
USCL Ishares Climate Conscious & Transition MSCI USA ETF	1.23%	1.10%	1.18%	0.85%	0.00%	0.00%	0.00%
JCTR JPMorgan Carbon Transition U.S. Equity ETF	0.43%	0.61%	1.04%	1.88%	1.53%	1.13%	0.13%

Drawdowns

Drawdown Indicators

	USCL	JCTR	Difference
Max Drawdown Largest peak-to-trough decline	-19.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	—	—
Current Drawdown Current decline from peak	-7.75%	—	—
Average Drawdown Average peak-to-trough decline	-2.33%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	—	—

Volatility

Volatility by Period

	USCL	JCTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.07%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	—	—