PBUS vs USSG: Grades, Fees and Holdings Compared

Invesco MSCI USA ETF

PBUSACboe

Xtrackers MSCI USA Selection Equity ETF

USSGANYSE Arca

Overlap

50.5%by weight

Expense ratio

PBUS −0.05pt a year

PBUS0.04%USSG0.09%

Avg volume · 30D

PBUS 32.3×the volume

PBUS433KUSSG13.4K

5Y return · a year

USSG +0.1pt

PBUS+11.5%USSG+11.6%

PBUS vs USSG Performance

Oct 29, 2021 – Oct 30, 2026

+72.6%PBUS+73.0%USSG

Expense ratio: PBUS 0.04%, better; USSG 0.09%
Fund size: PBUS $10.5B; USSG $570M
1Y total return: PBUS +11.5%; USSG +12.3%, better
Yield (12M): PBUS 1.02%, better; USSG 0.98%
Holdings: PBUS 517; USSG 252
Avg volume (30D): PBUS 433K sh, better; USSG 13.4K sh
NAV per share: PBUS $75.71; USSG $70.43
52W range

ETF.net Grade

Pillar letters and Scores for PBUS, USSG, with each pillar’s weight
Pillar	PBUS	USSG
Cost30% weight	A98Higher	A79
Mission25% weight	A100Higher	A95
Risk15% weight	B63Higher	B55
Tradability15% weight	A86Higher	B65
Holdings10% weight	C50Higher	D37
Durability5% weight	A74Higher	C48

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. PBUS and USSG are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

PBUS ranks 3rd and USSG 9th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 85
Rank 4AVOOVVanguard S&P 500 Value ETFScore 79
Rank 8ADIAState Street SPDR Dow Jones Industrial Average ETF TrustScore 76
Rank 9AUSSGXtrackers MSCI USA Selection Equity ETFScore 71
Rank 10AIVOGVanguard S&P Mid-Cap 400 Growth ETFScore 70

Our read on each fund

ETF.net Research

PBUSAInvesco MSCI USA ETF

USSGAXtrackers MSCI USA Selection Equity ETF

In short

PBUS Roughly 500 US stocks for 0.04% a year, benchmarked to the MSCI USA Index instead of the S&P 500. Invesco's rules-based core holding, running since 2017.

USSG The ESG fund that dropped the label: MSCI renamed the index in 2025, methodology untouched. USSG still owns best-in-sector scorers covering half of each sector's market cap, for nine basis points.

Stated mandate

PBUS The Fund tracks the MSCI USA Index and commits at least 90% of its assets to securities included in that index.

USSG The fund seeks to track the performance of the MSCI USA Selection Index before fees and expenses.

Why people hold it

PBUS 0.04% a year sits at the floor of its peer group, matching SPYV and a hair above SCHK's 0.03%.invesco.com
Returns have hugged the MSCI USA Index about as tightly as anything in its cohort, so index-level exposure arrives with very little slippage.
A multi-billion-dollar fund trading since 2017, with a real market cycle behind it rather than a launch-window track record.
Roughly 500 names and quarterly distributions: a plain broad-market wrapper with no options overlay, no leverage, no sector tilt bolted on.

USSG Nine basis points against a peer-group median of 0.45%, so the sector screen costs little more than a plain index wrapper.
The index picks top ESG scorers within each GICS sector until it covers half that sector's float-adjusted cap, keeping sector weights near the broad US market.msci.com dws.com
Holds the index components in their index weights, and tracking has stayed tight to the benchmark since the 2019 launch.
Built with Finnish pension investor Ilmarinen, which anchored the 2019 debut with roughly $850 million on day one.etf.com

Worth knowing

PBUS MSCI USA is not the S&P 500. Holdings and results drift from an S&P-benchmarked portfolio, which matters if that is the yardstick you track against.invesco.com
The mandate commits at least 90% of assets to index securities, which leaves a slice of room outside the benchmark.
Moderately traded rather than one of the tape's busiest tickers, so spreads deserve a glance and limit orders earn their keep.

USSG Thinly traded next to the giant index funds in its cohort, so spreads and order type matter more at the moment you trade.
Roughly 300 names covering about half of each sector's cap, so results can drift from a total-market fund in either direction.msci.com
The 'Selection' label is new; the ESG rating screen under it is not. The 2025 rename changed the index name, not how it picks stocks.dws.com dws.com 2

Full PBUS profile⁠

Full USSG profile⁠

PBUS vs USSG Holdings

How PBUS and USSG differ

Overlap by weight

50.5%

Shared holdings make up 96.8% of USSG and 50.5% of PBUS.

Level by level

Holdings238 in both50.5%
Sector11 Sectors94.0%
Asset classEquity100%
Countryby domicile99.5%

Sector

Sector weights in PBUS and USSG, widest gap first
Sector	More in PBUSMore in USSG	PBUS	USSG
Technology	PBUS +2.7 points	40.2%	37.5%
Communication	USSG +1.7 points	9.9%	11.6%
Health Care	USSG +1.8 points	9.3%	11.1%
Consumer Staples	USSG +1.3 points	4.3%	5.6%
Energy	PBUS +1.3 points	3.5%	2.2%
Utilities	PBUS +0.9 points	1.8%	0.9%
Industrials	PBUS +0.8 points	7.9%	7.1%
Materials	USSG +0.6 points	1.6%	2.2%
Real Estate	USSG +0.4 points	1.6%	2.0%
Consumer Discretionary	PBUS +0.3 points	8.8%	8.5%
Financials	USSG +0.3 points	11.0%	11.3%

Country, concentration and asset class

Country by domicile

Country weights in PBUS and USSG, widest gap first
Country	More in PBUSMore in USSG	PBUS	USSG
United States	USSG +0.4 points	99.2%	99.6%
Switzerland	PBUS +0.2 points	0.3%	0.1%
Brazil	USSG +0.1 points	0.1%	0.2%
China	PBUS +0.1 points	0.1%	0.0%
United Kingdom	PBUS +0.1 points	0.1%	0.0%
Canada	PBUS +0.1 points	0.1%	0.0%
Ireland	USSG +0.1 points	0.0%	0.1%
Mexico	PBUS +0.1 points	0.1%	0.0%
Australia	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

PBUS36.6%
USSG47.7%

Securities held

PBUS515
USSG251

Asset class

PBUS: Equity
USSG: Equity

Holdings

Only in PBUS277
In both238
Only in USSG13

Only in PBUS

277 securities, 49.4% of PBUS by weight

Apple Inc7.71%
Amazon.com Inc3.55%
Broadcom Inc2.35%
Meta Platforms Inc2.06%
Micron Technology Inc1.59%
JPMorgan Chase & Co1.37%
Berkshire Hathaway Inc1.15%
ExxonMobil Holdings Corp1.14%
Walmart Inc0.80%
AbbVie Inc0.77%
Palantir Technologies Inc0.64%
Cisco Systems Inc0.64%
Chevron Corp0.64%
Intel Corp0.61%
UnitedHealth Group Inc0.56%
Bank of America Corp0.50%
Philip Morris International Inc0.49%
Texas Instruments Inc0.43%
Goldman Sachs Group Inc/The0.41%
RTX Corp0.40%
Thermo Fisher Scientific Inc0.40%
Crowdstrike Holdings Inc0.39%
Netflix Inc0.39%
Wells Fargo & Co0.39%
Oracle Corp0.36%
Linde PLC0.35%
KLA Corp0.33%
Citigroup Inc0.32%
Amphenol Corp0.30%
Sandisk Corp0.30%
Arista Networks Inc0.30%
QUALCOMM Inc0.29%
ConocoPhillips0.27%
Abbott Laboratories0.27%
NextEra Energy Inc0.26%
Pfizer Inc0.26%
Intuitive Surgical Inc0.24%
Eaton Corp PLC0.23%
Accenture PLC0.23%
Dell Technologies Inc0.21%
Lockheed Martin Corp0.20%
Boeing Co/The0.19%
Altria Group Inc0.19%
Chubb Ltd0.19%
Medtronic PLC0.19%
Starbucks Corp0.18%
Uber Technologies Inc0.18%
Parker-Hannifin Corp0.17%
McKesson Corp0.17%
CVS Health Corp0.17%

Only in USSG

13 securities, 3.0% of USSG by weight

2226792D0.70%
Accenture Ltd-Cl A0.46%
Eaton Corp PLC0.42%
Johnson Controls International PLC0.26%
Schlumberger Ltd0.24%
Royal Caribbean Cruises Ltd0.23%
NXP Semiconductors NV0.19%
Crh PLC0.18%
Carnival Corp0.11%
Willis Towers Watson PLC0.09%
Smurfit Westrock PLC0.07%
Xtrackers S&P 500 ESG ETF0.02%
TPG Inc. - Contingent Value Right0.00%

Weight gaps

The 100 widest of 238 Holdings in both funds.

Holding weights in PBUS and USSG, widest gap first
Holding	More in PBUSMore in USSG	PBUS	USSG
NVIDIA CorpNVDA	USSG +6.39 points	7.39%	13.78%
Microsoft CorpMSFT	USSG +5.16 points	5.63%	10.79%
Alphabet IncGOOGL	USSG +2.30 points	2.51%	4.81%
Alphabet IncGOOG	USSG +1.82 points	1.99%	3.81%
Eli Lilly & CoLLY	USSG +1.67 points	1.65%	3.32%
Tesla IncTSLA	USSG +1.61 points	1.74%	3.35%
Advanced Micro Devices IncAMD	USSG +1.02 points	1.39%	2.41%
Visa IncV	USSG +0.99 points	1.02%	2.01%
Johnson & JohnsonJNJ	USSG +0.93 points	1.00%	1.93%
Mastercard IncMA	USSG +0.74 points	0.77%	1.51%
Costco Wholesale CorpCOST	USSG +0.65 points	0.67%	1.31%
Procter & Gamble Co/ThePG	USSG +0.54 points	0.56%	1.10%
Merck & Co IncMRK	USSG +0.54 points	0.54%	1.08%
Coca-Cola Co/TheKO	USSG +0.53 points	0.54%	1.07%
Home Depot Inc/TheHD	USSG +0.47 points	0.49%	0.96%
General Electric CoGE	USSG +0.42 points	0.49%	0.91%
Palo Alto Networks IncPANW	USSG +0.40 points	0.47%	0.87%
Applied Materials IncAMAT	USSG +0.41 points	0.50%	0.91%
Lam Research CorpLRCX	USSG +0.40 points	0.48%	0.88%
Caterpillar IncCAT	USSG +0.39 points	0.45%	0.84%
Amgen IncAMGN	USSG +0.37 points	0.37%	0.74%
International Business Machines CorpIBM	USSG +0.34 points	0.36%	0.71%
GE Vernova IncGEV	USSG +0.32 points	0.36%	0.68%
Gilead Sciences IncGILD	USSG +0.31 points	0.31%	0.62%
Morgan StanleyMS	USSG +0.29 points	0.34%	0.63%
Walt Disney Co/TheDIS	USSG +0.28 points	0.29%	0.57%
Analog Devices IncADI	USSG +0.27 points	0.32%	0.59%
PepsiCo IncPEP	USSG +0.28 points	0.27%	0.55%
Verizon Communications IncVZ	USSG +0.27 points	0.27%	0.54%
McDonald's CorpMCD	USSG +0.27 points	0.27%	0.54%
Union Pacific CorpUNP	USSG +0.26 points	0.27%	0.53%
Salesforce IncCRM	USSG +0.25 points	0.28%	0.53%
Deere & CoDE	USSG +0.24 points	0.24%	0.48%
Welltower IncWELL	USSG +0.23 points	0.25%	0.48%
American Express CoAXP	USSG +0.23 points	0.26%	0.49%
Blackrock IncBLK	USSG +0.23 points	0.26%	0.49%
TJX Cos Inc/TheTJX	USSG +0.23 points	0.23%	0.46%
AT&T IncT	USSG +0.21 points	0.22%	0.43%
Marvell Technology IncMRVL	USSG +0.21 points	0.28%	0.49%
Vertex Pharmaceuticals IncVRTX	USSG +0.21 points	0.21%	0.42%
S&P Global IncSPGI	USSG +0.21 points	0.21%	0.42%
Charles Schwab Corp/TheSCHW	USSG +0.21 points	0.22%	0.43%
Danaher CorpDHR	USSG +0.20 points	0.23%	0.43%
Progressive Corp/ThePGR	USSG +0.19 points	0.20%	0.39%
Marathon Petroleum CorpMPC	USSG +0.19 points	0.19%	0.38%
Bristol-Myers Squibb CoBMY	USSG +0.18 points	0.19%	0.37%
Seagate Technology Holdings PLCSTX	USSG +0.19 points	0.23%	0.42%
Prologis IncPLD	USSG +0.17 points	0.18%	0.35%
Valero Energy CorpVLO	USSG +0.18 points	0.17%	0.35%
Automatic Data Processing IncADP	USSG +0.17 points	0.17%	0.34%
Capital One Financial CorpCOF	USSG +0.17 points	0.18%	0.35%
Lowe's Cos IncLOW	USSG +0.17 points	0.17%	0.34%
Phillips 66PSX	USSG +0.17 points	0.16%	0.33%
Western Digital CorpWDC	USSG +0.17 points	0.20%	0.37%
Booking Holdings IncBKNG	USSG +0.16 points	0.18%	0.34%
Newmont CorpNEM	USSG +0.15 points	0.18%	0.33%
ServiceNow IncNOW	USSG +0.15 points	0.17%	0.32%
Adobe IncADBE	USSG +0.14 points	0.15%	0.29%
Intercontinental Exchange IncICE	USSG +0.14 points	0.14%	0.28%
Bank of New York Mellon Corp/TheBNY	USSG +0.14 points	0.15%	0.29%
Marsh & McLennan Cos IncMRSH	USSG +0.14 points	0.14%	0.28%
CSX CorpCSX	USSG +0.13 points	0.15%	0.28%
Intuit IncINTU	USSG +0.13 points	0.14%	0.27%
Equinix IncEQIX	USSG +0.14 points	0.15%	0.29%
US BancorpUSB	USSG +0.13 points	0.14%	0.27%
Stryker CorpSYK	USSG +0.13 points	0.16%	0.29%
Elevance Health IncANTM	USSG +0.13 points	0.14%	0.27%
PNC Financial Services Group Inc/ThePNC	USSG +0.13 points	0.14%	0.27%
Quanta Services IncPWR	USSG +0.13 points	0.14%	0.27%
American Tower CorpAMT	USSG +0.13 points	0.13%	0.26%
3M CoMMM	USSG +0.12 points	0.14%	0.26%
Cadence Design Systems IncCDNS	USSG +0.12 points	0.14%	0.26%
Trane Technologies PLCTT	USSG +0.13 points	0.14%	0.27%
Travelers Cos Inc/TheTRV	USSG +0.12 points	0.13%	0.25%
Comcast CorpCMCSA	USSG +0.12 points	0.12%	0.24%
Hilton Worldwide Holdings IncHLT	USSG +0.12 points	0.12%	0.24%
Synopsys IncSNPS	USSG +0.12 points	0.13%	0.25%
Ecolab IncECL	USSG +0.10 points	0.12%	0.22%
Cigna Group/TheCI	USSG +0.11 points	0.12%	0.23%
Moody's CorpMCO	USSG +0.10 points	0.11%	0.21%
Cheniere Energy IncLNG	USSG +0.10 points	0.10%	0.20%
O'Reilly Automotive IncORLY	USSG +0.10 points	0.11%	0.21%
Colgate-Palmolive CoCL	USSG +0.10 points	0.11%	0.21%
Target CorpTGT	USSG +0.11 points	0.10%	0.21%
United Rentals IncURI	USSG +0.10 points	0.11%	0.21%
MercadoLibre IncMELI	USSG +0.09 points	0.12%	0.21%
Ross Stores IncROST	USSG +0.10 points	0.11%	0.21%
Hewlett Packard Enterprise CoHPE	USSG +0.09 points	0.12%	0.21%
Digital Realty Trust IncDLR	USSG +0.10 points	0.10%	0.20%
Allstate Corp/TheALL	USSG +0.10 points	0.10%	0.20%
Monster Beverage CorpMNST	USSG +0.09 points	0.10%	0.19%
Cummins IncCMI	USSG +0.09 points	0.11%	0.20%
Targa Resources CorpTRGP	USSG +0.09 points	0.10%	0.19%
Cencora IncCOR	USSG +0.09 points	0.09%	0.18%
ONEOK IncOKE	USSG +0.09 points	0.09%	0.18%
Truist Financial CorpTFC	USSG +0.09 points	0.09%	0.18%
Nucor CorpNUE	USSG +0.09 points	0.09%	0.18%
SempraSRE	USSG +0.08 points	0.08%	0.16%
Autodesk IncADSK	USSG +0.08 points	0.08%	0.16%
WW Grainger IncGWW	USSG +0.08 points	0.09%	0.17%

All 515 PBUS holdings⁠All 254 USSG 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.

PBUS vs USSG Cost

Overpaying USSG vs PBUS

$1,049

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

PBUS 0.04%
$849
USSG 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

PBUS 0.04%
USSG 0.09%
Overpaying

Year by year

Year	PBUS	USSG	Overpaying
10	$73	$165	$92
20	$288	$646	$358
30	$849	$1,898	$1,049

Expense ratio

0.04%PBUS, cheaper
0.09%USSG

PBUS0.04%USSG0.09%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

PBUS 2nd cheapest of 42 funds

USSG 7th cheapest of 42 funds

PBUS vs USSG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): PBUS 1.02%, better; USSG 0.98%
Payout (12M): PBUS $0.77; USSG $0.69
Last payment: PBUS $0.19; USSG $0.16
Ex-dividend: PBUS Sep 21, 2026; USSG Sep 18, 2026
Paid on: PBUS Sep 25, 2026; USSG Sep 25, 2026
Frequency: PBUS Quarterly; USSG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PBUSQuarterly · 36 paymentsAll PBUS payments⁠

USSGQuarterly · 30 paymentsAll USSG payments⁠

PBUS vs USSG Risk

Fall from peak · 5 years

PBUS
USSG

Risk facts

VolatilityStd dev, 3 years: PBUS 12.5%, betterUSSG 13.6%
Return per unit of riskSharpe ratio, 3 years: PBUS 1.41, betterUSSG 1.30
Worst fallMax drawdown, 5 years: PBUS −25.4%, betterUSSG −27.0%
Market sensitivityBeta, 5 years: PBUS 1.02USSG 1.04; Market = 1

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