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Launched

Xtrackers MSCI USA Climate Action Equity ETF

USCANYSE ArcaXtrackersA

$44.99+0.18 (+0.41%)

As of Nov 2, 2026, 3:59 PM ET

A74/ 100

Rank 2 of 30 in US Factor Index

A74/100Rank 2 of 30inUS Factor Index
Intraday session: up, 78 prints from 44.81 to 44.99. Range 44.95 to 45.30. Use the arrow keys to read each point.44.9045.1045.2045.3010 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$3.42B
1Y total return
+6.8%
Yield · Last 12 months
1.06%
Holdings
392
Avg volume · 30D
97.9K sh
52W range
low $37.88high $46.71
Launched

The ETF.net USCA Grade

A

Score 74 out of 100

Category
US Factor Index⁠
Rank
2 of 30
Six-pillar profile for USCA. Scores out of 100: Cost 97, Risk 54, Mission 91, Tradability 61, Holdings 29, Durability 49. Strongest: Cost (97). Weakest: Holdings (29). Leans toward Cost and Mission.

Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A97 out of 100
    Rank 2 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A91 out of 100
    Rank 5 of 23

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 14 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B61 out of 100
    Rank 12 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D29 out of 100
    Rank 27 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 19 of 30

Our read on USCA

ETF.net Research

In short

AThe largest US ETF debut on record when it launched in 2023, seeded by a Finnish pension fund. It owns roughly 400 US large- and mid-caps, keeping only the top half of each sector on MSCI's climate-transition scoring, for 0.07% a year.

Stated mandate

The fund seeks to track the MSCI USA Climate Action Index before fees and expenses through a passive indexing strategy. The index selects U.S. large- and mid-capitalization companies assessed as leading sector peers in climate-transition positioning and actions.

Why people hold it

  • Costs 0.07% a year against a typical screened US equity peer near 0.28%, and undercuts bigger ESG names like SUSA at 0.25%.
  • No blanket sector bans: the index keeps the top 50% of companies in each GICS sector, so energy and industrials stay in, represented by their climate-transition leaders.dws.commsci.com
  • Rules do the picking. MSCI's climate metrics, ESG ratings and controversy screens set the roster; no manager discretion, no stock-by-stock calls.dws.com
  • A multi-billion-dollar fund with an institutional anchor investor from day one, and it pays quarterly.businesswire.com

Worth knowing

  • Half of each sector is screened out, so results can drift from a plain MSCI USA index fund in either direction.dws.com
  • Market-cap weighted and filed as non-diversified, so America's largest companies carry heavy weight at the top.dws.com
  • Moderately traded next to the giants of US equity, so spreads can be a bigger part of the cost of getting in and out.

USCA Performance

Launched Apr 4, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
USCA$10,678
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. USCA $10,678. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for USCA. Periods over one year show the average yearly return.
PeriodUSCA
Year to date+7.4%
1 month−1.9%
3 months+0.9%
1 year+6.8%
3 yearsper year+21.3%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for USCA
YearReturn barUSCA
2026 YTD+7.4%
2025+14.2%
2024+27.2%
2023+20.0%

Since listing, Apr 4, 2023

USCA in the news

USCA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.06%Last 12 months
Payout per share
$0.47Last 12 months
Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 15 payments from 2023 to 2026 YTD. Jun 23, 2023 $0.08; Sep 15, 2023 $0.10; Dec 7, 2023 $0.04; Dec 15, 2023 $0.12; Mar 15, 2024 $0.08; Jun 21, 2024 $0.10; Sep 20, 2024 $0.11; Dec 20, 2024 $0.15; Mar 21, 2025 $0.10; Jun 20, 2025 $0.11; Sep 19, 2025 $0.12; Dec 19, 2025 $0.15; Mar 20, 2026 $0.11; Jun 18, 2026 $0.12; Sep 18, 2026 $0.10. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 25, 2026$0.10
Jun 18, 2026Jun 26, 2026$0.12
Mar 20, 2026Mar 27, 2026$0.11
Dec 19, 2025Dec 29, 2025$0.15
Sep 19, 2025Sep 26, 2025$0.12
Jun 20, 2025Jun 27, 2025$0.11
Mar 21, 2025Mar 28, 2025$0.10
Dec 20, 2024Dec 30, 2024$0.15
Sep 20, 2024Sep 27, 2024$0.11
Jun 21, 2024Jun 28, 2024$0.10
Mar 15, 2024Mar 22, 2024$0.08
Dec 15, 2023Dec 22, 2023$0.12

See all 15 payments⁠

$10,000 in USCA 3 years ago paid $524 in dividends.⁠

USCA Risk

Risk pillarC54 out of 100Rank 14 of 30 in US Factor Index
How much the fund’s monthly returns vary, scaled to a year.
12.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.27
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−19.2%
42 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

USCA Cost

Compare USCA and MGV

Overpaying vs MGV, cheapest in US Factor Index

$420

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • USCA 0.07%

    $1,480

  • MGV 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • USCA 0.07%
  • MGV 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K051015202530USCA $1,480MGV $1,060

Year by year

YearUSCAMGVOverpaying
10$128$92$36
20$503$360$143
30$1,480$1,060$420

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