DSI vs USCL: Grades, Fees and Holdings Compared

iShares ESG MSCI KLD 400 ETF

DSIBNYSE Arca

iShares Climate Conscious & Transition MSCI USA ETF

USCLANasdaq

Overlap

56.7%by weight

Expense ratio

USCL −0.17pt a year

DSI0.25%USCL0.08%

Avg volume · 30D

DSI 8.5×the volume

DSI111KUSCL13.1K

3Y return · a year

DSI +1.5pt

DSI+21.6%USCL+20.1%

DSI vs USCL Performance

Oct 31, 2025 – Nov 2, 2026

+10.5%DSI+6.7%USCL

Expense ratio: DSI 0.25%; USCL 0.08%, better
Fund size: DSI $5.36B; USCL $2.77B
1Y total return: DSI +10.5%, better; USCL +6.7%
Yield (12M): DSI 0.90%; USCL 1.07%, better
Holdings: DSI 405; USCL 394
Avg volume (30D): DSI 111K sh, better; USCL 13.1K sh
NAV per share: DSI $142.99; USCL $85.14
52W range

ETF.net Grade

Pillar letters and Scores for DSI, USCL, with each pillar’s weight
Pillar	DSI	USCL
Cost30% weight	C46	A99Higher
Mission25% weight	A97	Not scored
Risk15% weight	C42	C52Higher
Tradability15% weight	A77Higher	A70
Holdings10% weight	D34	D35Higher
Durability5% weight	A95Higher	A70

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. DSI 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 8th and DSI 21st of 47 funds in the US ESG & Values Index Category.

Rank 8AEVUSiShares ESG Aware MSCI USA Value ETFScore 73
Rank 8AUSCLiShares Climate Conscious & Transition MSCI USA ETFScore 73
Rank 8AUSXFiShares ESG Advanced MSCI USA ETFScore 73
Rank 21BCVMCCalvert US Mid-Cap Core Responsible Index ETFScore 63
Rank 21BDSIiShares ESG MSCI KLD 400 ETFScore 63
Rank 21BTOVJLens 500 Jewish Advocacy U.S. ETFScore 63

Our read on each fund

ETF.net Research

DSIBiShares ESG MSCI KLD 400 ETF

USCLAiShares Climate Conscious & Transition MSCI USA ETF

In short

DSI One of the longest-running ESG ETFs in the US. Since 2006 it has tracked MSCI's KLD 400 Social Index: about 400 American companies chosen on ESG ratings, with specified controversial businesses screened out.

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

DSI The fund seeks to track an index of U.S. all-cap companies with comparatively favorable environmental, social, and governance ratings, while excluding companies involved in specified controversial activities.

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

DSI A real screen, not a light dusting. The index selects roughly 400 US companies on comparatively favorable ESG ratings and excludes those involved in specified controversial activities.ishares.com
Launched in 2006, it has run through multiple market cycles and the whole rise and cooling of ESG investing. Very few screened equity funds have that tenure.
A multi-billion-dollar iShares fund that has stayed close to its stated index rather than drifting from the mandate, and it pays out quarterly.

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

DSI The 0.25% expense ratio matches the group median but sits above cheaper screened rivals such as ESGV (0.09%) and XVV (0.08%).
About 400 names plus industry exclusions means real sector tilts, so it can move differently from a full US market fund for long stretches.
ESG ratings are MSCI's assessments, not fixed rules. What makes the cut can change as the index reconstitutes, so holdings turn over on someone else's judgment.

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 DSI profile⁠

Full USCL profile⁠

DSI vs USCL Holdings

How DSI and USCL differ

Overlap by weight

56.7%

Shared holdings make up 92.1% of DSI and 56.7% of USCL.

Level by level

Holdings222 in both56.7%
Sector11 Sectors94.5%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in DSI and USCL, widest gap first
Sector	More in DSIMore in USCL	DSI	USCL
Consumer Discretionary	USCL +2.1 points	7.6%	9.7%
Health Care	USCL +1.7 points	8.9%	10.6%
Industrials	DSI +1.7 points	8.5%	6.8%
Financials	DSI +1.6 points	11.2%	9.6%
Communication	USCL +1.0 points	9.5%	10.5%
Real Estate	DSI +0.8 points	2.5%	1.7%
Utilities	USCL +0.7 points	0.9%	1.6%
Materials	DSI +0.7 points	2.3%	1.6%
Technology	DSI +0.6 points	42.4%	41.8%
Energy	Same weight	2.1%	2.1%
Consumer Staples	Same weight	4.2%	4.2%

Country, concentration and asset class

Country by domicile

Country weights in DSI and USCL, widest gap first
Country	More in DSIMore in USCL	DSI	USCL
United States	USCL +0.1 points	99.2%	99.3%
Switzerland	DSI +0.3 points	0.5%	0.2%
China	DSI +0.1 points	0.2%	0.1%
Brazil	USCL +0.1 points	0.0%	0.1%
Mexico	Same weight	0.1%	0.1%
Canada	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%
Sweden	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

DSI44.1%
USCL44.8%

Securities held

DSI402
USCL391

Asset class

DSI: Equity
USCL: Equity

Holdings

Only in DSI180
In both222
Only in USCL169

Only in DSI

180 securities, 7.9% of DSI by weight

Texas Instrument0.78%
Marathon Petroleum0.37%
Valero Energy Corp0.34%
Phillips 660.32%
Royal Caribbean Group0.22%
Hca Healthcare0.21%
Air Products and Chemicals0.20%
Cheniere Energy0.19%
Targa Resources0.19%
Roper Technologies0.13%
Crown Castle Inc0.11%
Kroger0.11%
Sunbelt Rentals Holdings Inc0.10%
Centene Corp0.10%
Resmed0.09%
Axon Enterprise0.09%
Emcor Group0.09%
Atmos Energy0.08%
Quest Diagnostics Inc0.08%
Royalty Pharma PLC Class A0.08%
Mongodb Class A0.08%
Raymond James0.08%
Copart Inc0.07%
Synchrony Financial0.07%
Darden Restaurants Inc0.07%
Verisign0.07%
Steris0.06%
Alnylam Pharmaceuticals0.06%
Cms Energy0.06%
Incyte Corp0.06%
Skyworks Solutions0.06%
Loews0.05%
Snap On Inc0.05%
Lyondellbasell Industries Class A0.05%
Revvity0.05%
Hf Sinclair0.05%
Nutanix Class A0.05%
Host Hotels & Resorts Reit0.05%
Zebra Technologies Corp Class A0.05%
Jones Lang Lasalle0.05%
Tyler Technologies0.05%
Genuine Parts0.05%
Fair Isaac0.05%
Stanley Black & Decker0.05%
Docusign0.04%
Allegion PLC0.04%
Hasbro0.04%
Dynatrace Inc0.04%
Gartner0.04%
Trimble Inc0.04%

Only in USCL

169 securities, 43.3% of USCL by weight

Apple9.51%
Amazon.com Inc4.37%
Broadcom Inc2.77%
Meta Platforms Class A2.54%
Eli Lilly2.13%
JPMorgan Chase & Co1.26%
Johnson & Johnson1.24%
Walmart1.02%
Palantir Technologies Class A0.75%
Exxonmobil Holdings Corp0.73%
UnitedHealth Group0.69%
Thermo Fisher Scientific0.49%
Netflix0.49%
Micron Technology0.47%
Bank of America0.46%
Ge Aerospace0.44%
Costco Wholesale Corp0.42%
Chevron0.41%
Kla0.39%
Goldman Sachs Group0.37%
Arista Networks0.34%
Nextera Energy0.33%
Pfizer0.33%
Qualcomm0.33%
AT&T0.28%
Abbott Laboratories0.26%
Wells Fargo0.24%
Uber Technologies0.22%
Ge Vernova0.22%
Intuitive Surgical0.22%
Citigroup0.20%
Snowflake0.19%
Amphenol Corp Class A0.18%
Conocophillips0.18%
Waste Management Inc0.18%
Medtronic PLC0.17%
Emerson Electric0.17%
Capital One Financial Corp0.17%
Blackstone0.17%
Cloudflare Class A0.17%
Mckesson Corp0.16%
Cvs Health0.16%
Vertiv Holdings Class A0.16%
Constellation Energy Corp0.15%
T Mobile Us Inc0.14%
Cintas0.14%
Datadog Inc Class A0.14%
Mercadolibre0.14%
Regeneron Pharmaceuticals0.13%
Airbnb Class A0.13%

Weight gaps

The 100 widest of 222 Holdings in both funds.

Holding weights in DSI and USCL, widest gap first
Holding	More in DSIMore in USCL	DSI	USCL
NVIDIANVDA	DSI +4.60 points	13.44%	8.84%
MicrosoftMSFT	DSI +3.60 points	10.52%	6.92%
Alphabet Class AGOOGL	DSI +1.60 points	4.69%	3.08%
Alphabet Class CGOOG	DSI +1.27 points	3.71%	2.44%
Tesla IncTSLA	DSI +1.12 points	3.27%	2.15%
Advanced Micro DevicesAMD	DSI +0.80 points	2.35%	1.55%
Visa Class AV	DSI +0.67 points	1.96%	1.29%
Intel CorporationINTC	DSI +0.56 points	0.83%	0.27%
AbbVieABBV	DSI +0.51 points	1.49%	0.98%
Mastercard Class AMA	DSI +0.51 points	1.48%	0.97%
Applied Material IncAMAT	DSI +0.44 points	0.88%	0.44%
Lam ResearchLRCX	DSI +0.43 points	0.85%	0.42%
Caterpillar IncCAT	DSI +0.42 points	0.82%	0.40%
Cisco Systems IncCSCO	DSI +0.41 points	1.18%	0.77%
Procter & GamblePG	DSI +0.36 points	1.07%	0.71%
Merck & Co IncMRK	DSI +0.36 points	1.05%	0.69%
Coca-ColaKO	DSI +0.36 points	1.04%	0.68%
International Business Machines CoIBM	DSI +0.35 points	0.69%	0.34%
OracleORCL	DSI +0.33 points	0.65%	0.32%
Home DepotHD	DSI +0.32 points	0.94%	0.62%
Morgan StanleyMS	DSI +0.31 points	0.62%	0.31%
Palo Alto NetworksPANW	DSI +0.29 points	0.85%	0.56%
Walt DisneyDIS	DSI +0.28 points	0.55%	0.27%
ProgressivePGR	DSI +0.26 points	0.39%	0.13%
Amgen IncAMGN	DSI +0.25 points	0.72%	0.47%
Linde PLCLIN	DSI +0.23 points	0.68%	0.45%
Lowes Companies IncLOW	DSI +0.22 points	0.33%	0.11%
Pnc Financial Services GroupPNC	DSI +0.22 points	0.26%	0.04%
Gilead SciencesGILD	DSI +0.21 points	0.61%	0.40%
Seagate Technology Holdings PLCSTX	DSI +0.21 points	0.41%	0.20%
Analog DevicesADI	DSI +0.20 points	0.58%	0.38%
StrykerSYK	DSI +0.20 points	0.29%	0.09%
Dell Technologies Inc Class CDELL	DSI +0.18 points	0.36%	0.18%
PepsicoPEP	DSI +0.19 points	0.54%	0.35%
ChubbCB	DSI +0.18 points	0.36%	0.18%
Verizon Communications IncVZ	DSI +0.18 points	0.53%	0.35%
Western Digital CorpWDC	DSI +0.18 points	0.36%	0.18%
Mcdonalds CorpMCD	DSI +0.17 points	0.52%	0.35%
SalesforceCRM	DSI +0.18 points	0.52%	0.34%
Union PacificUNP	DSI +0.18 points	0.52%	0.34%
BlackRockBLK	DSI +0.16 points	0.48%	0.32%
Parker-HannifinPH	DSI +0.16 points	0.32%	0.16%
American ExpressAXP	DSI +0.16 points	0.48%	0.32%
Marvell TechnologyMRVL	DSI +0.16 points	0.48%	0.32%
WelltowerWELL	DSI +0.16 points	0.47%	0.31%
DeereDE	DSI +0.16 points	0.47%	0.31%
Travelers CompaniesTRV	DSI +0.16 points	0.24%	0.08%
Motorola Solutions IncMSI	DSI +0.15 points	0.23%	0.08%
United Parcel Service Inc Class BUPS	DSI +0.15 points	0.23%	0.08%
Accenture PLC Class AACN	DSI +0.15 points	0.45%	0.30%
CignaCI	DSI +0.16 points	0.23%	0.07%
Illinois Tool IncITW	DSI +0.15 points	0.22%	0.07%
Equinix ReitEQIX	DSI +0.15 points	0.29%	0.14%
Bank of New York Mellon CorpBNY	DSI +0.15 points	0.29%	0.14%
DanaherDHR	DSI +0.14 points	0.42%	0.28%
CorningGLW	DSI +0.14 points	0.28%	0.14%
Truist FinancialTFC	DSI +0.14 points	0.17%	0.03%
Charles SchwabSCHW	DSI +0.15 points	0.42%	0.27%
Eaton PLCETN	DSI +0.14 points	0.41%	0.27%
Vertex PharmaceuticalsVRTX	DSI +0.14 points	0.41%	0.27%
S&P GlobalSPGI	DSI +0.13 points	0.40%	0.27%
Allstate CorpALL	DSI +0.12 points	0.19%	0.07%
Bristol Myers SquibbBMY	DSI +0.12 points	0.36%	0.24%
Prologis ReitPLD	DSI +0.12 points	0.34%	0.22%
Starbucks CorpSBUX	DSI +0.12 points	0.34%	0.22%
Automatic Data Processing IncADP	DSI +0.12 points	0.34%	0.22%
Ww Grainger IncGWW	DSI +0.11 points	0.17%	0.06%
Booking HoldingsBKNG	DSI +0.11 points	0.33%	0.22%
Ferguson EnterprisesFERG	DSI +0.11 points	0.13%	0.02%
NewmontNEM	DSI +0.11 points	0.32%	0.21%
Cme Group Class ACME	DSI +0.10 points	0.31%	0.21%
ServicenowNOW	DSI +0.11 points	0.31%	0.20%
Hewlett Packard EnterpriseHPE	DSI +0.11 points	0.21%	0.10%
MetlifeMET	DSI +0.11 points	0.16%	0.05%
Arthur J GallagherAJG	DSI +0.10 points	0.20%	0.10%
Target CorpTGT	DSI +0.10 points	0.20%	0.10%
Cummins IncCMI	DSI +0.10 points	0.20%	0.10%
Adobe IncADBE	DSI +0.09 points	0.28%	0.19%
Digital Realty Trust ReitDLR	DSI +0.10 points	0.19%	0.09%
CsxCSX	DSI +0.10 points	0.28%	0.18%
MarshMRSH	DSI +0.10 points	0.28%	0.18%
Intercontinental Exchange IncICE	DSI +0.09 points	0.27%	0.18%
Quanta Services IncPWR	DSI +0.10 points	0.27%	0.17%
IntuitINTU	DSI +0.09 points	0.27%	0.18%
State StreetSTT	DSI +0.09 points	0.13%	0.04%
CencoraCOR	DSI +0.09 points	0.18%	0.09%
Elevance Health IncELV	DSI +0.09 points	0.26%	0.17%
Archer Daniels MidlandADM	DSI +0.09 points	0.11%	0.02%
Trane Technologies PLCTT	DSI +0.09 points	0.26%	0.17%
Johnson Controls International PLCJCI	DSI +0.09 points	0.26%	0.17%
3MMMM	DSI +0.09 points	0.26%	0.17%
Cadence Design SystemsCDNS	DSI +0.09 points	0.26%	0.17%
FastenalFAST	DSI +0.09 points	0.17%	0.08%
American Tower ReitAMT	DSI +0.09 points	0.25%	0.16%
Marriott International Class AMAR	DSI +0.09 points	0.25%	0.16%
Ameriprise Finance IncAMP	DSI +0.09 points	0.13%	0.04%
Cardinal HealthCAH	DSI +0.09 points	0.17%	0.08%
FortinetFTNT	DSI +0.08 points	0.24%	0.16%
SynopsysSNPS	DSI +0.08 points	0.24%	0.16%
SempraSRE	DSI +0.08 points	0.16%	0.08%

All 402 DSI holdings⁠All 391 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.

DSI vs USCL Cost

Overpaying DSI vs USCL

$3,470

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

DSI 0.25%
$5,159
USCL 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

DSI 0.25%
USCL 0.08%
Overpaying

Year by year

Year	DSI	USCL	Overpaying
10	$455	$147	$308
20	$1,769	$575	$1,194
30	$5,159	$1,689	$3,470

Expense ratio

0.25%DSI
0.08%USCL, cheaper

USCL0.08%DSI0.25%

0.08%0.95%

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

USCL cheapest of 47 funds

DSI 24th cheapest of 47 funds

DSI vs USCL Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DSI 0.90%; USCL 1.07%, better
Payout (12M): DSI $1.28; USCL $0.91
Last payment: DSI $0.33; USCL $0.20
Ex-dividend: DSI Sep 15, 2026; USCL Sep 15, 2026
Paid on: DSI Sep 18, 2026; USCL Sep 18, 2026
Frequency: DSI Quarterly; USCL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DSIQuarterly · 39 paymentsAll DSI payments⁠

USCLQuarterly · 13 paymentsAll USCL payments⁠

DSI vs USCL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DSI 14.1%USCL 12.5%, better
Return per unit of riskSharpe ratio, 3 years: DSI 1.24USCL 1.28, better
Worst fallMax drawdown, 5 years: DSI −28.4%USCL −19.0%since Jun 2023
Market sensitivityBeta, 5 years: DSI 1.12USCL 1.01; Market = 1

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