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USCA

GradeANew York Stock Exchange Arca

Xtrackers MSCI USA Climate Action Equity ETF

Factor & Screened Index · Xtrackers · Inception 2023-04-04

$45.59−0.45 (−0.97%)

As of Sep 23, 2026, 1:29 PM EDT

History starts Apr 4, 2023.
Intraday session: down, 48 prints from 46.04 to 45.59. Range 45.56 to 45.93. Use the arrow keys to read each point.$45.70$45.80$45.9010 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$3.6B
1Y return
+12.6%
Yield · Last 12 months
1.03%
Holdings
394
Volume · 30D
0.1M sh
NAV per share
$46.04
52W range
low $37.88high $46.71

The ETF.net USCA Grade

A

74/ 100

Rank 2 of 30 in US Factor Index

Confidence High

Six-pillar profile for USCA. Scores out of 100: Cost 97, Risk 54, Mission 92, Tradability 59, Holdings 29, Durability 51. Strongest: Cost (97). Weakest: Holdings (29). Leans toward Cost and Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 74 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 97
    Category rank2/30 · top 7%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 92
    Category rank5/22 · top 23%
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank14/30 · top 47%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank12/30 · top 40%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 29
    Category rank28/30 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 51
    Category rank18/30 · mid-pack

Graded as of Sep 22, 2026

Our read on USCA

ETF.net Research

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

  1. 01Costs 0.07% a year against a typical screened US equity peer near 0.28%, and undercuts bigger ESG names like SUSA at 0.25%.
  2. 02No 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.etf.dws.commsci.com
  3. 03Rules do the picking. MSCI's climate metrics, ESG ratings and controversy screens set the roster; no manager discretion, no stock-by-stock calls.etf.dws.com
  4. 04A multi-billion-dollar fund with an institutional anchor investor from day one, and it pays quarterly.businesswire.com

Worth knowing

  1. 01Half of each sector is screened out, so results can drift from a plain MSCI USA index fund in either direction.etf.dws.com
  2. 02Market-cap weighted and filed as non-diversified, so America's largest companies carry heavy weight at the top.etf.dws.com
  3. 03Moderately traded next to the giants of US equity, so spreads can be a bigger part of the cost of getting in and out.

USCA Holdings

As of Sep 21, 2026, 3:53 PM
Asset class
Stocks
Holdings
394
Top-10 weight
46%
Largest holding
NVDA9.5%

Sectors

  • Technology41.8%
  • Communication11.1%
  • Health Care10.1%
  • Consumer Discr.9.9%
  • Financials9.8%
  • Industrials6.4%
  • Cons. Staples4.0%
  • Energy2.0%
  • Real Estate1.8%
  • Utilities1.6%
  • Materials1.5%

Geography

  • United States97.15%
  • Ireland1.38%
  • United Kingdom0.51%
  • Switzerland0.26%
  • Singapore0.25%
  • Uruguay0.16%
  • Netherlands0.11%
  • Australia0.06%
  • Other countries (3)0.12%
The fund’s holdings, weight-ordered — page 1 of 27.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp9.48%1,496,140$333M828
002AAPLApple Inc9.16%955,788$321M707
003MSFTMicrosoft Corp6.47%459,234$227M792
004AMZNAmazon.com Inc4.56%630,040$160M720
005GOOGLAlphabet Class A3.81%382,101$134M704
006AVGOBroadcom3.00%294,137$105M732
007GOOGAlphabet Class C2.98%303,881$105M471
008METAMeta Platform Inc Class A2.71%142,897$95M683
009TSLATesla1.93%186,201$68M509
010LLYLilly (Eli) & Co1.71%52,085$60M569
011AMDAdvanced Micro Dev1.69%106,128$59M618
012JPMJPMorgan Chase & Co1.29%129,806$45M478
013JNJJohnson & Johnson1.21%156,903$42M521
014VVisa Inc-Class A Shares1.13%107,884$40M550
015ABBVAbbVie Inc0.87%115,131$30M511

Showing 1–15 of 392 holdings

USCA Performance

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

USCA$11,258
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. USCA $11,258. SPY $11,723. Use the arrow keys to read each point.$9,046$10,505$11,963Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+10.9%
1 month+1.6%
3 months+5.8%
1 year+12.6%
3 years+21.2%per year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, 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+10.9%
2025+14.2%
2024+27.2%
2023+20.0%

Since listing, Apr 4, 2023

USCA in the news

ETF.net Research hasn’t filed on USCA yet — coverage lands here as it’s written.

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 Sep 22, 2026.
1.03%Last 12 months
Payout per share
$0.47Last 12 months
Upcoming payment
$0.10 per share
Pays 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, 2026Pays Sep 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

USCA Risk

How much the fund’s monthly returns vary, scaled to a year.
13.0%
Annualised · 36 months to Aug 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.
1.06
vs 3-month T-bills · to Aug 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%
41 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.

USCA Cost

Expense ratio0.07%
  • The middle half of US Factor Index funds
  • Median 0.30%

1 of the 29 US Factor Index funds charge less.

USCA costs $7.00 a year on $10,000. The median US Factor Index fund costs $30.00.