CHGX vs USCL: Grades, Fees and Holdings Compared

Stance Sustainable Beta ETF

CHGXCNasdaq

iShares Climate Conscious & Transition MSCI USA ETF

USCLANasdaq

Overlap

22.6%by weight

Expense ratio

USCL −0.41pt a year

CHGX0.49%USCL0.08%

Avg volume · 30D

CHGX 1.3×the volume

CHGX17.5KUSCL13.1K

3Y return · a year

USCL +15.8pt

CHGX+4.1%USCL+19.9%

CHGX vs USCL Performance

Nov 7, 2025 – Nov 9, 2026

+22.4%CHGX+9.6%USCL

Expense ratio: CHGX 0.49%; USCL 0.08%, better
Fund size: CHGX $178M; USCL $2.61B
1Y total return: CHGX +22.4%, better; USCL +9.6%
Yield (12M): CHGX 0.55%; USCL 1.06%, better
Holdings: CHGX 102; USCL 393
Avg volume (30D): CHGX 17.5K sh, better; USCL 13.1K sh
NAV per share: CHGX $33.02; USCL $83.10
52W range

ETF.net Grade

Pillar letters and Scores for CHGX, USCL, with each pillar’s weight
Pillar	CHGX	USCL
Cost30% weight	F17	A99Higher
Mission25% weight	A99	Not scored
Risk15% weight	D38	B55Higher
Tradability15% weight	D35	B69Higher
Holdings10% weight	A79Higher	D34
Durability5% weight	C50	A71Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. CHGX and USCL are both graded against the same 47 US ESG & Values Index funds, so their Grades compare head to head.

US ESG & Values Index⁠

Category · 47 funds

See all 47 ›

USCL ranks 7th and CHGX 33rd of 47 funds in the US ESG & Values Index Category.

Rank 7AEVUSiShares ESG Aware MSCI USA Value ETFScore 73
Rank 7AUSCLiShares Climate Conscious & Transition MSCI USA ETFScore 73
Rank 11AFEUSNorthern Trust ESG & Climate US Large Cap Core ETFScore 72
Rank 32CETHOAmplify Etho Climate Leadership U.S. ETFScore 52
Rank 33CCHGXStance Sustainable Beta ETFScore 51
Rank 33CNUDVNuveen ESG DividendScore 51

Our read on each fund

ETF.net Research

CHGXCStance Sustainable Beta ETF

USCLAiShares Climate Conscious & Transition MSCI USA ETF

In short

CHGX Most ESG funds keep the S&P 500's shape and shave the edges. CHGX starts over: a fossil-fuel-free US large-cap index of roughly 100 names, each weighted about the same, so no mega-cap runs the show.

USCL Most ESG index funds work by exclusion. USCL scores roughly 400 US large and mid caps on where they're heading instead: emissions intensity, reduction targets, green revenue. And it charges 0.08% a year to do it.

Stated mandate

CHGX The fund seeks to track, before fees and expenses, the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index.

USCL The Fund seeks to track an index of U.S. large- and mid-capitalization companies selected for their relative positioning on the transition to a low-carbon economy, using climate-related measures such as emissions intensity, reduction targets, green-business revenue, and climate-risk management.

Why people hold it

CHGX The fossil fuel exclusion is written into the index itself, not layered on as a tilt: it tracks the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index.
Equal weighting spreads roughly 100 US large caps evenly, so the portfolio does not lean on a handful of trillion-dollar names the way cap-weighted ESG funds like ESGV and EFIV do.
Live since 2017, with the same fossil-free mandate spelled out in its filings and a portfolio that closely matches it.

USCL At 0.08% a year, it matches the cheapest fund in its ESG cohort (XVV) and undercuts ESGV, SNPE, EFIV and ESGU.ishares.com
The index doesn't just screen out offenders. It selects on transition evidence: emissions intensity, reduction targets, green-business revenue, climate-risk management.ishares.com
About 400 US large and mid caps, so it reads as core equity exposure with a climate tilt, not a narrow clean-energy sector bet.
A multi-billion-dollar iShares fund that sticks tightly to the MSCI USA Extended Climate Action Index, one of the cleaner implementations in its peer group.

Worth knowing

CHGX At 0.49% a year it runs about double the 0.25% cohort median, and the broad ESG index giants (XVV at 0.08%, ESGV at 0.09%) charge a fraction of that.
Thinly traded, which usually means wider bid-ask spreads and more price impact on big orders. Limit orders are the standard tool here.
Equal weight plus a fossil-fuel screen means results can diverge widely from the S&P 500 in both directions, especially when mega-cap tech or energy leads.

USCL Trading is thin for a fund this size, so spreads can widen. Limit orders are the standard tool here.
Climate scoring reshapes the sector and name mix, so results can diverge from a plain US large-cap index in either direction.
Launched in 2023, so its history is short next to the older ESG funds it competes with.

Full CHGX profile⁠

Full USCL profile⁠

CHGX vs USCL Holdings

How CHGX and USCL differ

Overlap by weight

22.6%

Shared holdings make up 80.1% of CHGX and 40.2% of USCL.

Level by level

Holdings80 in both22.6%
Sector11 Sectors90.0%
Countryby domicile99.4%
Asset classStocks100%

Sector

Sector weights in CHGX and USCL, widest gap first
Sector	Gap	CHGX	USCL
Financials	CHGX +5.1 points	15.4%	10.3%
Technology	USCL +4.6 points	34.4%	39.0%
Consumer Discretionary	CHGX +2.5 points	12.7%	10.2%
Energy	USCL +2.0 points	0.0%	2.0%
Utilities	USCL +1.7 points	0.0%	1.7%
Communication	USCL +1.5 points	8.8%	10.3%
Health Care	CHGX +1.3 points	12.7%	11.4%
Industrials	CHGX +0.7 points	7.6%	6.9%
Materials	CHGX +0.4 points	2.1%	1.7%
Consumer Staples	USCL +0.2 points	4.4%	4.6%
Real Estate	CHGX +0.2 points	2.0%	1.8%

Country, concentration and asset class

Country by domicile

Country weights in CHGX and USCL, widest gap first
Country	More in CHGXMore in USCL	Gap	CHGX	USCL
Mexico		CHGX +0.5 points	0.6%	0.1%
Other countries (7)		USCL +0.5 points	99.4%	99.9%

Concentration

Weight in the 10 largest Holdings

CHGX12.8%
USCL45.0%

Securities held

CHGX101
USCL390

Asset class

CHGX: Stocks
USCL: Stocks

Holdings

Only in CHGX21
In both80
Only in USCL310

Only in CHGX

21 securities, 19.9% of CHGX by weight

SharkNinja Inc1.39%
Maplebear Inc1.27%
Roper Technologies Inc1.25%
Wayfair Inc1.18%
AutoZone Inc1.15%
US Foods Holding Corp1.15%
Ubiquiti Inc1.14%
Texas Instruments Inc1.09%
Globalstar Inc1.04%
Penske Automotive Group Inc0.99%
Symbotic Inc0.93%
Genuine Parts Co0.93%
Versant Media Group Inc0.92%
Snap Inc0.91%
Rocket Lab Corp0.87%
EMCOR Group Inc0.83%
Skydance Corp0.79%
Bloom Energy Corp0.68%
CoreWeave Inc0.53%
Sandisk Corp0.51%
First American Government Obligations Fund 12/01/20310.35%

Only in USCL

310 securities, 59.7% of USCL by weight

Microsoft7.21%
Amazon.com Inc4.83%
Alphabet Class A3.22%
Meta Platforms Class A2.58%
Broadcom Inc2.56%
Alphabet Class C2.56%
Tesla Inc1.97%
JPMorgan Chase & Co1.28%
Johnson & Johnson1.28%
Walmart1.06%
Procter & Gamble0.74%
Coca-Cola0.71%
Palantir Technologies Class A0.67%
Exxonmobil Holdings Corp0.66%
Ge Aerospace0.48%
Bank of America0.46%
Linde PLC0.46%
Costco Wholesale Corp0.45%
Mcdonalds Corp0.38%
Chevron0.38%
Caterpillar Inc0.37%
Pepsico0.37%
Goldman Sachs Group0.37%
Lam Research0.36%
Nextera Energy0.35%
Kla0.35%
Analog Devices0.34%
Qualcomm0.34%
BlackRock0.33%
Welltower0.33%
International Business Machines Co0.33%
Union Pacific0.33%
Pfizer0.32%
Deere0.31%
Morgan Stanley0.31%
AT&T0.29%
Danaher0.28%
Vertex Pharmaceuticals0.27%
Eaton PLC0.26%
Newmont0.25%
Wells Fargo0.24%
Booking Holdings0.24%
Uber Technologies0.24%
Starbucks Corp0.23%
Ge Vernova0.20%
Citigroup0.20%
Intercontinental Exchange Inc0.19%
3M0.19%
Chubb0.18%
Mckesson Corp0.18%

Weight gaps

All 80 Holdings in both funds, largest gap first.

Holding weights in CHGX and USCL, widest gap first
Holding	Gap	CHGX	USCL
Apple IncAAPL	USCL +8.62 points	1.06%	9.68%
NVIDIA CorpNVDA	USCL +7.39 points	0.87%	8.26%
Accenture PLCACN	CHGX +1.17 points	1.48%	0.31%
Ulta Beauty IncULTA	CHGX +1.17 points	1.22%	0.05%
Autodesk IncADSK	CHGX +1.17 points	1.28%	0.11%
Church & Dwight Co IncCHD	CHGX +1.13 points	1.18%	0.05%
Verisk Analytics IncVRSK	CHGX +1.13 points	1.18%	0.05%
Best Buy Co IncBBY	CHGX +1.12 points	1.15%	0.03%
Estee Lauder Cos Inc/TheEL	CHGX +1.11 points	1.16%	0.05%
Omnicom Group IncOMC	CHGX +1.09 points	1.13%	0.04%
Intuitive Surgical IncISRG	CHGX +1.07 points	1.30%	0.23%
Republic Services IncRSG	CHGX +1.04 points	1.13%	0.09%
Travelers Cos Inc/TheTRV	CHGX +1.01 points	1.09%	0.08%
MetLife IncMET	CHGX +1.01 points	1.06%	0.05%
Marsh & McLennan Cos IncMRSH	CHGX +1.00 points	1.19%	0.19%
NIKE IncNKE	CHGX +1.00 points	1.07%	0.07%
Ross Stores IncROST	CHGX +0.99 points	1.06%	0.07%
Synopsys IncSNPS	CHGX +0.99 points	1.15%	0.16%
Workday IncWDAY	CHGX +0.99 points	1.06%	0.07%
Ecolab IncECL	CHGX +0.97 points	1.12%	0.15%
Aon PLCAON	CHGX +0.97 points	1.10%	0.13%
Cadence Design Systems IncCDNS	CHGX +0.97 points	1.14%	0.17%
Allstate Corp/TheALL	CHGX +0.96 points	1.03%	0.07%
Waste Management IncWM	CHGX +0.96 points	1.14%	0.18%
Moody's CorpMCO	CHGX +0.96 points	1.10%	0.14%
CME Group IncCME	CHGX +0.94 points	1.15%	0.21%
Progressive Corp/ThePGR	CHGX +0.94 points	1.07%	0.13%
Automatic Data Processing IncADP	CHGX +0.94 points	1.17%	0.23%
Medtronic PLCMDT	CHGX +0.94 points	1.13%	0.19%
Intuit IncINTU	CHGX +0.93 points	1.11%	0.18%
Monolithic Power Systems IncMPWR	CHGX +0.92 points	1.03%	0.11%
Steel Dynamics IncSTLD	CHGX +0.91 points	0.95%	0.04%
NetApp IncNTAP	CHGX +0.90 points	0.95%	0.05%
S&P Global IncSPGI	CHGX +0.91 points	1.18%	0.27%
Carrier Global CorpCARR	CHGX +0.88 points	0.94%	0.06%
Eli Lilly & CoLLY	USCL +0.87 points	1.22%	2.09%
Equinix IncEQIX	CHGX +0.86 points	1.00%	0.14%
Comcast CorpCMCSA	CHGX +0.85 points	0.98%	0.13%
Twilio IncTWLO	CHGX +0.83 points	0.89%	0.06%
Walt Disney Co/TheDIS	CHGX +0.83 points	1.12%	0.29%
Atlassian CorpTEAM	CHGX +0.82 points	0.87%	0.05%
Adobe IncADBE	CHGX +0.82 points	1.00%	0.18%
Abbott LaboratoriesABT	CHGX +0.80 points	1.08%	0.28%
Bank of New York Mellon Corp/TheBNY	CHGX +0.78 points	0.92%	0.14%
Kimberly-Clark CorpKMB	CHGX +0.78 points	0.91%	0.13%
Gilead Sciences IncGILD	CHGX +0.77 points	1.17%	0.40%
Keysight Technologies IncKEYS	CHGX +0.76 points	0.85%	0.09%
Bristol-Myers Squibb CoBMY	CHGX +0.75 points	0.99%	0.24%
Amgen IncAMGN	CHGX +0.74 points	1.22%	0.48%
Prologis IncPLD	CHGX +0.73 points	0.96%	0.23%
Cloudflare IncNET	CHGX +0.72 points	0.88%	0.16%
American Express CoAXP	CHGX +0.69 points	1.02%	0.33%
Ciena CorpCIEN	CHGX +0.67 points	0.74%	0.07%
Thermo Fisher Scientific IncTMO	CHGX +0.67 points	1.17%	0.50%
Flex LtdFLEX	CHGX +0.62 points	0.66%	0.04%
Fortinet IncFTNT	CHGX +0.62 points	0.76%	0.14%
ServiceNow IncNOW	CHGX +0.59 points	0.79%	0.20%
Charles Schwab Corp/TheSCHW	CHGX +0.58 points	0.87%	0.29%
Salesforce IncCRM	CHGX +0.56 points	0.89%	0.33%
Arista Networks IncANET	CHGX +0.57 points	0.92%	0.35%
Verizon Communications IncVZ	CHGX +0.56 points	0.93%	0.37%
Teradyne IncTER	CHGX +0.54 points	0.59%	0.05%
Dell Technologies IncDELL	CHGX +0.52 points	0.66%	0.14%
Advanced Micro Devices IncAMD	USCL +0.50 points	0.91%	1.41%
Oracle CorpORCL	CHGX +0.48 points	0.77%	0.29%
Home Depot Inc/TheHD	CHGX +0.48 points	1.14%	0.66%
Western Digital CorpWDC	CHGX +0.45 points	0.58%	0.13%
Palo Alto Networks IncPANW	CHGX +0.45 points	0.94%	0.49%
Marvell Technology IncMRVL	CHGX +0.40 points	0.63%	0.23%
Seagate Technology Holdings PLCSTX	CHGX +0.39 points	0.54%	0.15%
Applied Materials IncAMAT	CHGX +0.38 points	0.76%	0.38%
Micron Technology IncMU	CHGX +0.34 points	0.72%	0.38%
Netflix IncNFLX	CHGX +0.34 points	0.85%	0.51%
UnitedHealth Group IncUNH	CHGX +0.34 points	1.03%	0.69%
Intel CorpINTC	CHGX +0.33 points	0.57%	0.24%
Merck & Co IncMRK	CHGX +0.33 points	1.03%	0.70%
Cisco Systems IncCSCO	CHGX +0.20 points	0.91%	0.71%
AbbVie IncABBV	CHGX +0.19 points	1.18%	0.99%
Visa IncV	USCL +0.16 points	1.19%	1.35%
Mastercard IncMA	CHGX +0.15 points	1.17%	1.02%

All 102 CHGX holdings⁠All 390 USCL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CHGX vs USCL Cost

Overpaying CHGX vs USCL

$8,103

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

CHGX 0.49%
$9,792
USCL 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

CHGX 0.49%
USCL 0.08%
Overpaying

Year by year

Year	CHGX	USCL	Overpaying
10	$883	$147	$736
20	$3,394	$575	$2,819
30	$9,792	$1,689	$8,103

Expense ratio

0.49%CHGX
0.08%USCL, cheaper

USCL0.08%CHGX0.49%

0.08%0.95%

Middle half of US ESG & Values Index funds
Median 0.25%

USCL cheapest of 47 funds

CHGX 38th cheapest of 47 funds

CHGX vs USCL Dividends

Last 12 months to Nov 9, 2026

Yield (12M): CHGX 0.55%; USCL 1.06%, better
Payout (12M): CHGX $0.18; USCL $0.91
Last payment: CHGX $0.18; USCL $0.20
Ex-dividend: CHGX Dec 16, 2025; USCL Sep 15, 2026
Paid on: CHGX Dec 18, 2025; USCL Sep 18, 2026
Frequency: CHGX Annual; USCL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CHGXAnnual · 10 paymentsAll CHGX payments⁠

USCLQuarterly · 13 paymentsAll USCL payments⁠

CHGX vs USCL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CHGX 25.9%USCL 12.5%, better
Return per unit of riskSharpe ratio, 3 years: CHGX 0.19USCL 1.28, better
Worst fallMax drawdown, 5 years: CHGX −46.4%USCL −19.0%since Jun 2023
Market sensitivityBeta, 5 years: CHGX 1.07USCL 1.01; Market = 1

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