USCL vs. PSCX

Last updated Jun 4, 2026

USCL (Ishares Climate Conscious & Transition MSCI USA ETF) and PSCX (Pacer Swan SOS Conservative (December) ETF) are both Large Cap Blend Equities funds. USCL is passively managed, while PSCX is actively managed. Over the past year, USCL returned 20.82% vs 15.49% for PSCX. Their correlation of 0.90 suggests significant overlap in exposure. USCL charges 0.08%/yr vs 0.75%/yr for PSCX.

Performance

USCL vs. PSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and Pacer Swan SOS Conservative (December) ETF (PSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USCL achieves a 7.04% return, which is significantly higher than PSCX's 5.11% return.

USCL

• 1D: -0.85%
• 1M: 4.29%
• YTD: 7.04%
• 6M: 6.94%
• 1Y: 20.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSCX

• 1D: -0.12%
• 1M: 2.00%
• YTD: 5.11%
• 6M: 5.98%
• 1Y: 15.49%
• 3Y*: 12.85%
• 5Y*: 8.46%
• 10Y*: —

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

USCL vs. PSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USCL Ishares Climate Conscious & Transition MSCI USA ETF	7.04%	14.26%	27.04%	12.71%
PSCX Pacer Swan SOS Conservative (December) ETF	5.11%	12.08%	13.27%	7.39%

Correlation

The correlation between USCL and PSCX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jun 9, 2023	0.90

The correlation between USCL and PSCX has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

USCL vs. PSCX - Sectors Allocation Comparison

Sectors	USCL	PSCX
Technology	29.4%	33.2%
Financial Services	13.6%	12.5%
Communication Services	12.7%	10.3%
Consumer Cyclical	11.9%	10.0%
Healthcare	10.7%	9.6%
Industrials	7.0%	8.4%
Consumer Defensive	4.7%	5.4%
Energy	3.5%	4.2%
Utilities	2.4%	2.6%
Real Estate	2.3%	2.0%
Basic Materials	1.9%	1.9%

Return for Risk

USCL vs. PSCX — Risk / Return Rank

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

USCL

USCL Risk / Return Rank: 47
USCL Sharpe Ratio Rank: 49
USCL Sortino Ratio Rank: 48
USCL Omega Ratio Rank: 48
USCL Calmar Ratio Rank: 41
USCL Martin Ratio Rank: 48

PSCX

PSCX Risk / Return Rank: 85
PSCX Sharpe Ratio Rank: 85
PSCX Sortino Ratio Rank: 90
PSCX Omega Ratio Rank: 90
PSCX Calmar Ratio Rank: 74
PSCX Martin Ratio Rank: 87

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. PSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and Pacer Swan SOS Conservative (December) ETF (PSCX). 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	PSCX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.82	-1.09
Sortino ratio: Return per unit of downside risk	2.40	4.22	-1.82
Omega ratio: Gain probability vs. loss probability	1.31	1.58	-0.27
Calmar ratio: Return relative to maximum drawdown	2.04	3.70	-1.66
Martin ratio: Return relative to average drawdown	8.09	18.94	-10.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USCL vs. PSCX - Sharpe Ratio Comparison

The current USCL Sharpe Ratio is 1.73, which is lower than the PSCX Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of USCL and PSCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USCL	PSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.82	-1.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.40	1.27	+0.13

Drawdowns

USCL vs. PSCX - Drawdown Comparison

The maximum USCL drawdown since its inception was -19.00%, which is greater than PSCX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for USCL and PSCX.

Drawdown Indicators

	USCL	PSCX	Difference
Max Drawdown Largest peak-to-trough decline	-19.00%	-10.20%	-8.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-4.20%	-6.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.20%	—
Current Drawdown Current decline from peak	-0.85%	-0.12%	-0.73%
Average Drawdown Average peak-to-trough decline	-2.27%	-1.87%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	0.82%	+1.76%

Volatility

USCL vs. PSCX - Volatility Comparison

Ishares Climate Conscious & Transition MSCI USA ETF (USCL) has a higher volatility of 2.79% compared to Pacer Swan SOS Conservative (December) ETF (PSCX) at 0.89%. This indicates that USCL's price experiences larger fluctuations and is considered to be riskier than PSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USCL	PSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	0.89%	+1.90%
Volatility (6M) Calculated over the trailing 6-month period	9.04%	4.21%	+4.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	5.53%	+6.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	7.07%	+7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	6.96%	+7.88%

USCL vs. PSCX - Expense Ratio Comparison

USCL has a 0.08% expense ratio, which is lower than PSCX's 0.75% expense ratio.

Dividends

USCL vs. PSCX - Dividend Comparison

USCL's dividend yield for the trailing twelve months is around 1.07%, while PSCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
PSCX Pacer Swan SOS Conservative (December) ETF	0.00%	0.00%	0.00%	0.00%
USCL Ishares Climate Conscious & Transition MSCI USA ETF	1.07%	1.10%	1.18%	0.85%

Frequently Asked Questions

Can I hold both USCL and PSCX in my portfolio?

With a correlation of 0.90, USCL and PSCX 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, USCL or PSCX?

USCL has higher volatility (2.79%) compared to PSCX (0.89%). In terms of maximum drawdown, USCL dropped -19.00% vs PSCX's -10.20%.

Which ETF is better, USCL or PSCX?

On 1-year performance, USCL leads with 20.82% vs 15.49% for PSCX. On fees, USCL is cheaper at 0.08% per year. On volatility, PSCX has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USCL or PSCX?

Over the 1-year period, USCL has performed better with a 20.82% return vs 15.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USCL or PSCX?

USCL is cheaper with a 0.08% expense ratio, compared with 0.75% for PSCX.

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

USCL has the higher dividend yield at 1.07%, compared with 0.00% for PSCX.

What is the main difference between USCL and PSCX?

They also come from different issuers: iShares and Pacer. Their fees differ too: 0.08% for USCL and 0.75% for PSCX.

Which has better risk-adjusted returns?

PSCX currently has the higher Sharpe Ratio (2.82 vs 1.73), 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.