USCL vs. USCA

Last updated Jun 24, 2026

USCL (Ishares Climate Conscious & Transition MSCI USA ETF) and USCA (Xtrackers MSCI USA Climate Action Equity ETF) are both Large Cap Blend Equities funds - USCL tracks the MSCI USA Extended Climate Action Index - Benchmark TR Gross while USCA tracks the MSCI USA Climate Action Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, USCL returned 18.71%/yr vs 18.72%/yr for USCA. With a 0.99 correlation, they move nearly in lockstep. USCL charges 0.08%/yr vs 0.07%/yr for USCA.

Performance

USCL vs. USCA - Performance Comparison

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

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with USCL at 3.65% and USCA at 3.65%.

USCL

• 1D: -1.15%
• 1M: -1.94%
• YTD: 3.65%
• 6M: 2.63%
• 1Y: 15.61%
• 3Y*: 18.71%
• 5Y*: —
• 10Y*: —

USCA

• 1D: -1.13%
• 1M: -1.90%
• YTD: 3.65%
• 6M: 2.68%
• 1Y: 15.74%
• 3Y*: 18.72%
• 5Y*: —
• 10Y*: —

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

USCL vs. USCA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USCL Ishares Climate Conscious & Transition MSCI USA ETF	3.65%	14.26%	27.04%	12.71%
USCA Xtrackers MSCI USA Climate Action Equity ETF	3.65%	14.24%	27.24%	13.51%

Correlation

The correlation between USCL and USCA is 1.00 - 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	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 8, 2023	0.99

The correlation between USCL and USCA has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

USCL vs. USCA - Sectors Allocation Comparison

Sectors	USCL	USCA
Technology	41.1%	41.9%
Communication Services	11.9%	12.2%
Consumer Cyclical	10.1%	10.5%
Financial Services	9.3%	8.9%
Healthcare	9.1%	9.0%
Industrials	6.9%	6.6%
Consumer Defensive	4.1%	4.0%
Utilities	2.0%	1.7%
Energy	1.8%	1.9%
Real Estate	1.8%	1.8%
Basic Materials	1.6%	1.5%

Return for Risk

USCL vs. USCA — Risk / Return Rank

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

USCL

USCL Risk / Return Rank: 35
USCL Sharpe Ratio Rank: 36
USCL Sortino Ratio Rank: 34
USCL Omega Ratio Rank: 34
USCL Calmar Ratio Rank: 32
USCL Martin Ratio Rank: 39

USCA

USCA Risk / Return Rank: 36
USCA Sharpe Ratio Rank: 37
USCA Sortino Ratio Rank: 35
USCA Omega Ratio Rank: 36
USCA Calmar Ratio Rank: 33
USCA Martin Ratio Rank: 40

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. USCA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and Xtrackers MSCI USA Climate Action Equity ETF (USCA). 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	USCA	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.25	-0.02
Sortino ratio: Return per unit of downside risk	1.73	1.76	-0.03
Omega ratio: Gain probability vs. loss probability	1.22	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.53	1.54	-0.01
Martin ratio: Return relative to average drawdown	5.87	5.91	-0.04

USCL vs. USCA - Sharpe Ratio Comparison

The current USCL Sharpe Ratio is 1.24, which is comparable to the USCA Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of USCL and USCA, 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

USCL vs. USCA - Drawdown Comparison

The maximum USCL drawdown since its inception was -19.00%, roughly equal to the maximum USCA drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for USCL and USCA.

Drawdown Indicators

	USCL	USCA	Difference
Max Drawdown Largest peak-to-trough decline	-19.00%	-19.14%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-10.25%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-19.14%	+0.14%
Current Drawdown Current decline from peak	-3.99%	-3.97%	-0.02%
Average Drawdown Average peak-to-trough decline	-2.28%	-2.17%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.67%	0.00%

Volatility

USCL vs. USCA - Volatility Comparison

Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and Xtrackers MSCI USA Climate Action Equity ETF (USCA) have volatilities of 4.93% and 4.78%, 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

	USCL	USCA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	4.78%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	9.87%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	12.66%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	14.85%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	14.85%	+0.09%

USCL vs. USCA - Expense Ratio Comparison

USCL has a 0.08% expense ratio, which is higher than USCA's 0.07% 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. USCA - Dividend Comparison

USCL's dividend yield for the trailing twelve months is around 1.13%, less than USCA's 1.15% yield.

Position	TTM	2025	2024	2023
USCA Xtrackers MSCI USA Climate Action Equity ETF	1.15%	1.14%	1.22%	1.15%
USCL Ishares Climate Conscious & Transition MSCI USA ETF	1.13%	1.10%	1.18%	0.85%

Frequently Asked Questions

Can I hold both USCL and USCA in my portfolio?

With a correlation of 1.00, USCL and USCA 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 USCA?

USCL has higher volatility (4.93%) compared to USCA (4.78%). In terms of maximum drawdown, USCL dropped -19.00% vs USCA's -19.14%.

Which ETF is better, USCL or USCA?

On 3-year performance, USCA leads with 18.72% vs 18.71% for USCL. On fees, USCA is cheaper at 0.07% per year. On volatility, USCA has been the lower-risk option at 4.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USCL or USCA?

Over the 3-year period, USCA has performed better with a 18.72% return vs 18.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USCL or USCA?

USCA is cheaper with a 0.07% expense ratio, compared with 0.08% for USCL.

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

USCA has the higher dividend yield at 1.15%, compared with 1.13% for USCL.

What is the main difference between USCL and USCA?

USCL tracks MSCI USA Extended Climate Action Index - Benchmark TR Gross, while USCA tracks MSCI USA Climate Action Index - Benchmark TR Gross. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.08% for USCL and 0.07% for USCA.

Which has better risk-adjusted returns?

USCA currently has the higher Sharpe Ratio (1.25 vs 1.24), 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.