ETHO vs USCL: Grades, Fees and Holdings Compared

Amplify Etho Climate Leadership U.S. ETF

ETHOCNYSE Arca

iShares Climate Conscious & Transition MSCI USA ETF

USCLANasdaq

Overlap

8.9%by weight

Expense ratio

USCL −0.37pt a year

ETHO0.45%USCL0.08%

Avg volume · 30D

USCL 3.6×the volume

ETHO3.62KUSCL13.1K

3Y return · a year

USCL +1.4pt

ETHO+20.1%USCL+21.5%

ETHO vs USCL Performance

Oct 31, 2025 – Oct 30, 2026

+24.4%ETHO+7.3%USCL

Expense ratio: ETHO 0.45%; USCL 0.08%, better
Fund size: ETHO $196M; USCL $2.77B
1Y total return: ETHO +24.4%, better; USCL +7.3%
Yield (12M): ETHO 0.70%; USCL 1.06%, better
Holdings: ETHO 284; USCL 394
Avg volume (30D): ETHO 3.62K sh; USCL 13.1K sh, better
NAV per share: ETHO $79.99; USCL $85.14
52W range

ETF.net Grade

Pillar letters and Scores for ETHO, USCL, with each pillar’s weight
Pillar	ETHO	USCL
Cost30% weight	F22	A99Higher
Mission25% weight	A95	Not scored
Risk15% weight	D32	C52Higher
Tradability15% weight	D38	A70Higher
Holdings10% weight	A82Higher	D36
Durability5% weight	C52	A70Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. ETHO 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 ETHO 33rd 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 10AESGVVanguard ESG U.S. Stock ETFScore 72
Rank 32CCHGXStance Sustainable Beta ETFScore 52
Rank 33CETHOAmplify Etho Climate Leadership U.S. ETFScore 51
Rank 34CNUDVNuveen ESG DividendScore 50

Our read on each fund

ETF.net Research

ETHOCAmplify Etho Climate Leadership U.S. ETF

USCLAiShares Climate Conscious & Transition MSCI USA ETF

In short

ETHO Most ESG funds lead with exclusions. ETHO leads with the carbon math, ranking companies against their own industry on emissions, then spreading it across roughly 300 U.S. names. A 2015-vintage climate fund that stayed one.

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

ETHO ETHO seeks to track, before fees and expenses, the total return of the Etho Climate Leadership Index–US. The passive fund generally invests at least 80% of net assets in index securities representing diversified U.S. companies selected for lower industry-relative carbon impact and ESG criteria.

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

ETHO Selection starts with carbon impact measured against industry peers, not just headline exclusions, and lands in a diversified basket of roughly 300 U.S. companies.amplifyetfs.com
Rules-based and literal: a passive fund keeping at least 80% of net assets in its named index, the Etho Climate Leadership Index-US. The label and the portfolio line up.
Trading since 2015, early for a climate-screened U.S. equity ETF, with a record now spanning several full market cycles.
Roughly 300 holdings keeps single names from dominating, one of the broader portfolios among U.S. ESG equity funds.

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

ETHO At 0.45% a year, it runs well above the ESG index crowd: Vanguard's ESGV charges 0.09% and iShares' XVV 0.08%.
Thinly traded next to the mega-cap ESG names, so bid/ask spreads can be wider and large orders move the price more.
Cash comes back once or twice a year, not monthly.

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 ETHO profile⁠

Full USCL profile⁠

ETHO vs USCL Holdings

How ETHO and USCL differ

Overlap by weight

8.9%

Shared holdings make up 37.7% of USCL and 23.0% of ETHO.

Level by level

Holdings63 in both8.9%
Sector11 Sectors77.7%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in ETHO and USCL, widest gap first
Sector	More in ETHOMore in USCL	ETHO	USCL
Technology	USCL +13.5 points	28.3%	41.8%
Industrials	ETHO +6.8 points	13.6%	6.8%
Communication	USCL +6.8 points	3.7%	10.5%
Health Care	ETHO +3.9 points	14.5%	10.6%
Real Estate	ETHO +3.6 points	5.3%	1.7%
Materials	ETHO +3.4 points	5.0%	1.6%
Financials	ETHO +3.1 points	12.7%	9.6%
Energy	USCL +1.9 points	0.2%	2.1%
Consumer Staples	ETHO +0.7 points	4.9%	4.2%
Utilities	ETHO +0.7 points	2.3%	1.6%
Consumer Discretionary	USCL +0.2 points	9.5%	9.7%

Country, concentration and asset class

Country by domicile

Country weights in ETHO and USCL, widest gap first
Country	More in ETHOMore in USCL	ETHO	USCL
United States	Same weight	99.3%	99.3%
Switzerland	ETHO +0.2 points	0.4%	0.2%
United Kingdom	ETHO +0.3 points	0.3%	0.0%
Brazil	USCL +0.1 points	0.0%	0.1%
China	USCL +0.1 points	0.0%	0.1%
Mexico	USCL +0.1 points	0.0%	0.1%
Canada	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

ETHO7.5%
USCL44.8%

Securities held

ETHO284
USCL391

Asset class

ETHO: Equity
USCL: Equity

Holdings

Only in ETHO221
In both63
Only in USCL328

Only in ETHO

221 securities, 77.0% of ETHO by weight

MaxLinear Inc1.15%
10X Genomics Inc0.98%
Personalis Inc0.73%
SELLAS Life Sciences Group Inc0.68%
Glaukos Corp0.65%
Paycom Software Inc0.65%
Commvault Systems Inc0.64%
AtriCure Inc0.64%
Haemonetics Corp0.63%
Cheesecake Factory Inc/The0.61%
Halozyme Therapeutics Inc0.61%
Corcept Therapeutics Inc0.59%
Guardant Health Inc0.58%
Adaptive Biotechnologies Corp0.57%
elf Beauty Inc0.55%
Grocery Outlet Holding Corp0.54%
Magnite Inc0.54%
Etsy Inc0.53%
Chefs' Warehouse Inc/The0.52%
Progress Software Corp0.52%
Impinj Inc0.52%
IDT Corp0.51%
Semtech Corp0.49%
Dropbox Inc0.49%
Custom Truck One Source Inc0.48%
Paylocity Holding Corp0.47%
CEVA Inc0.47%
Veracyte Inc0.46%
Texas Instruments Inc0.46%
Castle Biosciences Inc0.45%
Huron Consulting Group Inc0.45%
Repligen Corp0.44%
Digi International Inc0.44%
PC Connection Inc0.44%
Aehr Test Systems0.44%
Voya Financial Inc0.43%
Gartner Inc0.43%
GoDaddy Inc0.43%
MongoDB Inc0.42%
Penske Automotive Group Inc0.42%
Transcontinental Realty Investors Inc0.42%
Reliance Inc0.42%
Global Industrial Co0.42%
Myers Industries Inc0.42%
Trex Co Inc0.41%
Affiliated Managers Group Inc0.41%
Bio-Rad Laboratories Inc0.41%
ExlService Holdings Inc0.40%
Arcutis Biotherapeutics Inc0.40%
Host Hotels & Resorts Inc0.40%

Only in USCL

328 securities, 62.2% of USCL by weight

Amazon.com Inc4.37%
Broadcom Inc2.77%
Meta Platforms Class A2.54%
Alphabet Class C2.44%
Tesla Inc2.15%
Eli Lilly2.13%
Advanced Micro Devices1.55%
JPMorgan Chase & Co1.26%
Johnson & Johnson1.24%
Walmart1.02%
AbbVie0.98%
Cisco Systems Inc0.77%
Palantir Technologies Class A0.75%
Exxonmobil Holdings Corp0.73%
Procter & Gamble0.71%
UnitedHealth Group0.69%
Merck & Co Inc0.69%
Coca-Cola0.68%
Home Depot0.62%
Palo Alto Networks0.56%
Thermo Fisher Scientific0.49%
Amgen Inc0.47%
Micron Technology0.47%
Bank of America0.46%
Linde PLC0.45%
Ge Aerospace0.44%
Applied Material Inc0.44%
Costco Wholesale Corp0.42%
Lam Research0.42%
Chevron0.41%
Caterpillar Inc0.40%
Gilead Sciences0.40%
Goldman Sachs Group0.37%
Pepsico0.35%
Verizon Communications Inc0.35%
Mcdonalds Corp0.35%
Salesforce0.34%
International Business Machines Co0.34%
Union Pacific0.34%
Nextera Energy0.33%
Pfizer0.33%
Oracle0.32%
BlackRock0.32%
Marvell Technology0.32%
Welltower0.31%
Deere0.31%
Morgan Stanley0.31%
AT&T0.28%
Danaher0.28%
Intel Corporation0.27%

Weight gaps

All 63 Holdings in both funds, largest gap first.

Holding weights in ETHO and USCL, widest gap first
Holding	More in ETHOMore in USCL	ETHO	USCL
Apple IncAAPL	USCL +9.10 points	0.41%	9.51%
NVIDIA CorpNVDA	USCL +8.48 points	0.36%	8.84%
Microsoft CorpMSFT	USCL +6.49 points	0.43%	6.92%
Alphabet IncGOOGL	USCL +2.80 points	0.29%	3.08%
Visa IncV	USCL +0.89 points	0.40%	1.29%
Okta IncOKTA	ETHO +0.72 points	0.78%	0.06%
Mastercard IncMA	USCL +0.59 points	0.38%	0.97%
Everpure IncP	ETHO +0.56 points	0.64%	0.08%
NetApp IncNTAP	ETHO +0.54 points	0.59%	0.05%
Datadog IncDDOG	ETHO +0.45 points	0.59%	0.14%
Veeva Systems IncVEEV	ETHO +0.43 points	0.52%	0.09%
Entegris IncENTG	ETHO +0.38 points	0.39%	0.01%
Agilent Technologies IncA	ETHO +0.38 points	0.47%	0.09%
Waters CorpWAT	ETHO +0.37 points	0.46%	0.09%
PTC IncPTC	ETHO +0.37 points	0.41%	0.04%
United Rentals IncURI	ETHO +0.34 points	0.48%	0.14%
F5 IncFFIV	ETHO +0.31 points	0.35%	0.04%
Expedia Group IncEXPE	ETHO +0.31 points	0.37%	0.06%
eBay IncEBAY	ETHO +0.30 points	0.39%	0.09%
Paychex IncPAYX	ETHO +0.30 points	0.37%	0.07%
Essex Property Trust IncESS	ETHO +0.30 points	0.33%	0.03%
Block IncXYZ	ETHO +0.30 points	0.37%	0.07%
Huntington Bancshares Inc/OHHBAN	ETHO +0.30 points	0.31%	0.01%
Netflix IncNFLX	USCL +0.30 points	0.19%	0.49%
Garmin LtdGRMN	ETHO +0.30 points	0.36%	0.06%
Interactive Brokers Group IncIBKR	ETHO +0.29 points	0.34%	0.05%
Arch Capital Group LtdACGL	ETHO +0.29 points	0.34%	0.05%
PayPal Holdings IncPYPL	ETHO +0.28 points	0.37%	0.09%
SBA Communications CorpSBAC	ETHO +0.28 points	0.32%	0.04%
Ameriprise Financial IncAMP	ETHO +0.29 points	0.33%	0.04%
McCormick & Co Inc/MDMKC	ETHO +0.27 points	0.29%	0.02%
WP Carey IncWPC	ETHO +0.27 points	0.29%	0.02%
Rockwell Automation IncROK	ETHO +0.27 points	0.36%	0.09%
American Water Works Co IncAWK	ETHO +0.27 points	0.32%	0.05%
Verisk Analytics IncVRSK	ETHO +0.26 points	0.31%	0.05%
Illinois Tool Works IncITW	ETHO +0.26 points	0.33%	0.07%
Ross Stores IncROST	ETHO +0.24 points	0.31%	0.07%
Coherent CorpCOHR	ETHO +0.24 points	0.26%	0.02%
Edwards Lifesciences CorpEW	ETHO +0.24 points	0.34%	0.10%
Cloudflare IncNET	ETHO +0.23 points	0.40%	0.17%
Aflac IncAFL	ETHO +0.23 points	0.34%	0.11%
Monolithic Power Systems IncMPWR	ETHO +0.22 points	0.33%	0.11%
Progressive Corp/ThePGR	ETHO +0.22 points	0.35%	0.13%
Chipotle Mexican Grill IncCMG	ETHO +0.22 points	0.30%	0.08%
Automatic Data Processing IncADP	ETHO +0.22 points	0.44%	0.22%
Autodesk IncADSK	ETHO +0.22 points	0.32%	0.10%
O'Reilly Automotive IncORLY	ETHO +0.21 points	0.28%	0.07%
Teradyne IncTER	ETHO +0.21 points	0.27%	0.06%
IDEXX Laboratories IncIDXX	ETHO +0.21 points	0.29%	0.08%
Ecolab IncECL	ETHO +0.20 points	0.34%	0.14%
Synopsys IncSNPS	ETHO +0.19 points	0.35%	0.16%
Comfort Systems USA IncFIX	ETHO +0.18 points	0.26%	0.08%
Adobe IncADBE	ETHO +0.12 points	0.31%	0.19%
Accenture PLCACN	ETHO +0.10 points	0.40%	0.30%
ServiceNow IncNOW	ETHO +0.10 points	0.30%	0.20%
T-Mobile US IncTMUS	ETHO +0.08 points	0.22%	0.14%
Arista Networks IncANET	ETHO +0.07 points	0.41%	0.34%
QUALCOMM IncQCOM	ETHO +0.06 points	0.39%	0.33%
Intuitive Surgical IncISRG	ETHO +0.06 points	0.28%	0.22%
Kla CorpKLAC	USCL +0.06 points	0.33%	0.39%
Analog Devices IncADI	ETHO +0.01 points	0.39%	0.38%
American Express CoAXP	Same weight	0.32%	0.32%
Charles Schwab Corp/TheSCHW	ETHO +0.01 points	0.28%	0.27%

All 283 ETHO 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.

ETHO vs USCL Cost

Overpaying ETHO vs USCL

$7,352

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

ETHO 0.45%
$9,041
USCL 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

ETHO 0.45%
USCL 0.08%
Overpaying

Year by year

Year	ETHO	USCL	Overpaying
10	$812	$147	$665
20	$3,128	$575	$2,553
30	$9,041	$1,689	$7,352

Expense ratio

0.45%ETHO
0.08%USCL, cheaper

USCL0.08%ETHO0.45%

0.08%0.95%

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

USCL cheapest of 47 funds

ETHO 36th cheapest of 47 funds

ETHO vs USCL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ETHO 0.70%; USCL 1.06%, better
Payout (12M): ETHO $0.56; USCL $0.91
Last payment: ETHO $0.56; USCL $0.20
Ex-dividend: ETHO Dec 30, 2025; USCL Sep 15, 2026
Paid on: ETHO Dec 31, 2025; USCL Sep 18, 2026
Frequency: ETHO Annual; USCL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ETHOAnnual · 32 paymentsAll ETHO payments⁠

USCLQuarterly · 13 paymentsAll USCL payments⁠

ETHO vs USCL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ETHO 15.5%USCL 12.5%, better
Return per unit of riskSharpe ratio, 3 years: ETHO 0.98USCL 1.28, better
Worst fallMax drawdown, 5 years: ETHO −30.7%USCL −19.0%since Jun 2023
Market sensitivityBeta, 5 years: ETHO 1.13USCL 1.01; Market = 1

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