POWA vs USCA: Grades, Fees and Holdings Compared

Invesco Bloomberg Pricing Power ETF

POWACNYSE Arca

Xtrackers MSCI USA Climate Action Equity ETF

USCAANYSE Arca

Overlap

7.2%by weight

Expense ratio

USCA −0.33pt a year

POWA0.40%USCA0.07%

Avg volume · 30D

USCA 25.6×the volume

POWA3.82KUSCA97.9K

3Y return · a year

USCA +7.1pt

POWA+14.2%USCA+21.3%

POWA vs USCA Performance

Oct 31, 2025 – Oct 30, 2026

+3.0%POWA+6.8%USCA

Expense ratio: POWA 0.40%; USCA 0.07%, better
Fund size: POWA $168M; USCA $3.42B
1Y total return: POWA +3.0%; USCA +6.8%, better
Yield (12M): POWA 0.91%; USCA 1.06%, better
Holdings: POWA 53; USCA 392
Avg volume (30D): POWA 3.82K sh; USCA 97.9K sh, better
NAV per share: POWA $92.76; USCA $44.82
52W range

ETF.net Grade

Pillar letters and Scores for POWA, USCA, with each pillar’s weight
Pillar	POWA	USCA
Cost30% weight	D26	A97Higher
Mission25% weight	B55	A91Higher
Risk15% weight	C51	C54Higher
Tradability15% weight	D34	B61Higher
Holdings10% weight	B63Higher	D29
Durability5% weight	C47	C49Higher

Rank among US Factor Index funds

How we build Categories ›

Same Category. POWA and USCA are both graded against the same 30 US Factor Index funds, so their Grades compare head to head.

US Factor Index⁠

Category · 30 funds

See all 30 ›

USCA ranks 2nd and POWA 20th of 30 funds in the US Factor Index Category.

Rank 1AMGVVanguard Morningstar Mega Cap Value ETFScore 78
Rank 2AUSCAXtrackers MSCI USA Climate Action Equity ETFScore 74
Rank 3ASIZEiShares MSCI USA Size Factor ETFScore 72
Rank 19CTMFCMotley Fool 100 Index ETFScore 46
Rank 20CPOWAInvesco Bloomberg Pricing Power ETFScore 42
Rank 21DCALFPacer US Small Cap Cash Cows ETFScore 39

Our read on each fund

ETF.net Research

POWACInvesco Bloomberg Pricing Power ETF

USCAAXtrackers MSCI USA Climate Action Equity ETF

In short

POWA Most factor funds slice on ratios. POWA screens for a business trait: companies that have held their profit margins steady, the fingerprint of pricing power. Roughly 50 US large- and mid-caps, held in equal slices.

USCA The 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

POWA The Fund seeks to track the investment results of the Bloomberg Pricing Power Index before fees and expenses. The index selects U.S. large- and mid-capitalization companies with historically consistent, stable profit margins.

USCA 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

POWA The pitch is plain English: own businesses whose profit margins have stayed steady, rather than a bundle of abstract factor loadings.
Equal weighting across about 50 names keeps any single mega-cap from running the portfolio.stockanalysis.com
Selection is rules-based and published: it tracks the Bloomberg Pricing Power Index of US large- and mid-caps, not a manager's hunch.invesco.com

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

Worth knowing

POWA The 0.40% fee sits above the typical US factor ETF and well above cheap peers like MGV (0.05%) or SIZE (0.15%).
Thinly traded, so bid-ask spreads and order size matter more here than with the category's giants.
A concentrated, equal-weight lineup of about 50 stocks brings real sector tilts and bigger single-name impact than a broad index fund.stockanalysis.com

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

Full POWA profile⁠

Full USCA profile⁠

POWA vs USCA Holdings

How POWA and USCA differ

Overlap by weight

7.2%

Shared holdings make up 64.2% of POWA and 12.0% of USCA.

Level by level

Holdings32 in both7.2%
Sector11 Sectors58.0%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in POWA and USCA, widest gap first
Sector	More in POWAMore in USCA	POWA	USCA
Technology	USCA +18.5 points	24.9%	43.4%
Industrials	POWA +12.9 points	19.1%	6.2%
Consumer Staples	POWA +12.0 points	15.8%	3.8%
Communication	USCA +11.6 points	0.0%	11.6%
Health Care	POWA +9.9 points	20.0%	10.1%
Financials	USCA +6.9 points	2.0%	9.0%
Consumer Discretionary	POWA +6.9 points	16.3%	9.4%
Energy	USCA +1.9 points	0.0%	1.9%
Utilities	USCA +1.5 points	0.0%	1.5%
Materials	USCA +1.4 points	0.0%	1.4%
Real Estate	POWA +0.3 points	2.0%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in POWA and USCA, widest gap first
Country	More in POWAMore in USCA	POWA	USCA
United States	POWA +0.7 points	100.0%	99.3%
Other countries (7)	USCA +0.7 points	0.0%	0.7%

Concentration

Weight in the 10 largest Holdings

POWA23.4%
USCA44.6%

Securities held

POWA52
USCA391

Asset class

POWA: Equity
USCA: Equity

Holdings

Only in POWA20
In both32
Only in USCA359

Only in POWA

20 securities, 35.7% of POWA by weight

Accenture PLC2.68%
NXP Semiconductors NV2.34%
Roper Technologies Inc2.19%
MSCI Inc2.17%
GoDaddy Inc2.17%
Dollar General Corp2.11%
Lamar Advertising Co2.05%
AutoZone Inc2.03%
TD SYNNEX Corp2.01%
Steris PLC1.95%
US Foods Holding Corp1.90%
General Dynamics Corp1.88%
Neurocrine Biosciences Inc1.87%
Incyte Corp1.81%
HEICO Corp1.78%
Hormel Foods Corp1.70%
Cooper Cos Inc/The1.56%
Curtiss-Wright Corp1.47%
Invesco Government & Agency Portfolio0.04%
Securities Lending - Bnym0.00%

Only in USCA

359 securities, 87.7% of USCA by weight

Apple Inc9.49%
NVIDIA Corp8.82%
Amazon.com Inc4.36%
Alphabet Class A3.08%
Broadcom2.76%
Meta Platform Inc Class A2.53%
Alphabet Class C2.44%
Tesla2.14%
Lilly (Eli) & Co2.13%
Advanced Micro Dev1.54%
Visa Inc-Class A Shares1.29%
JPMorgan Chase & Co1.26%
Johnson & Johnson1.23%
AbbVie Inc0.98%
Mastercard Inc-Class A0.97%
Cisco Systems Inc0.77%
Palantir Technologies Inc Class A0.75%
Exxonmobil Hldgs Corp Npv0.73%
Procter & Gamble Co0.71%
UnitedHealth Group Inc0.69%
Merck & Co Inc0.69%
Coca-Cola Co0.68%
Palo Alto Networks0.56%
Netflix Inc0.48%
Thermo Fisher Scientific Inc0.48%
Amgen Inc0.47%
Micron Technology0.47%
Bank of America Corp0.46%
2226792D0.44%
General Electric Co0.44%
Applied Materials Inc0.44%
Lam Research Corp0.42%
Chevron Corp0.41%
Caterpillar Inc0.41%
Gilead Sciences Inc0.40%
Analog Devices Inc0.38%
Goldman Sachs Group Inc0.37%
Verizon Communications Inc0.35%
salesforce.com Inc0.34%
McDonald's Corp0.34%
International Business Machine Corp0.34%
Arista Networks Inc0.34%
Union Pacific Corp0.34%
QUALCOMM Inc0.33%
Pfizer Inc0.33%
NextEra Energy Inc0.32%
American Express Co0.32%
Oracle Corp0.32%
Blackrock Inc0.31%
Marvell Technology Group Ltd0.31%

Weight gaps

All 32 Holdings in both funds, largest gap first.

Holding weights in POWA and USCA, widest gap first
Holding	More in POWAMore in USCA	POWA	USCA
Microsoft CorpMSFT	USCA +4.72 points	2.18%	6.90%
Ulta Beauty IncULTA	POWA +2.39 points	2.44%	0.05%
Mettler-Toledo International IncMTD	POWA +2.33 points	2.40%	0.07%
eBay IncEBAY	POWA +2.26 points	2.35%	0.09%
Best Buy Co IncBBY	POWA +2.21 points	2.24%	0.03%
McKesson CorpMCK	POWA +2.12 points	2.28%	0.16%
Marriott International Inc/MDMAR	POWA +2.05 points	2.21%	0.16%
Cardinal Health IncCAH	POWA +2.04 points	2.12%	0.08%
Intuitive Surgical IncISRG	POWA +2.03 points	2.24%	0.21%
Otis Worldwide CorpOTIS	POWA +2.01 points	2.06%	0.05%
Cencora IncCOR	POWA +1.98 points	2.07%	0.09%
AMETEK IncAME	POWA +1.98 points	2.06%	0.08%
Keysight Technologies IncKEYS	POWA +1.95 points	2.05%	0.10%
Fastenal CoFAST	POWA +1.95 points	2.03%	0.08%
Ferguson Enterprises IncFERG	POWA +1.95 points	1.97%	0.02%
Sysco CorpSYY	POWA +1.93 points	1.99%	0.06%
Archer-Daniels-Midland CoADM	POWA +1.86 points	1.88%	0.02%
O'Reilly Automotive IncORLY	POWA +1.85 points	1.92%	0.07%
Autodesk IncADSK	POWA +1.81 points	1.91%	0.10%
Fidelity National Information Services IncFIS	POWA +1.78 points	1.82%	0.04%
Lowe's Cos IncLOW	POWA +1.76 points	1.87%	0.11%
Jabil IncJBL	POWA +1.76 points	1.77%	0.01%
Quanta Services IncPWR	POWA +1.69 points	1.86%	0.17%
Costco Wholesale CorpCOST	POWA +1.65 points	2.07%	0.42%
Adobe IncADBE	POWA +1.62 points	1.81%	0.19%
JB Hunt Transport Services IncJBHT	POWA +1.61 points	1.62%	<0.01%
Cummins IncCMI	POWA +1.59 points	1.69%	0.10%
PepsiCo IncPEP	POWA +1.51 points	1.86%	0.35%
Boston Scientific CorpBSX	POWA +1.51 points	1.63%	0.12%
KLA CorpKLAC	POWA +1.39 points	1.78%	0.39%
Home Depot Inc/TheHD	POWA +1.28 points	1.90%	0.62%
Walmart IncWMT	POWA +1.10 points	2.11%	1.01%

All 51 POWA holdings⁠All 394 USCA 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.

POWA vs USCA Cost

Overpaying POWA vs USCA

$6,610

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

POWA 0.40%
$8,090
USCA 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

POWA 0.40%
USCA 0.07%
Overpaying

Year by year

Year	POWA	USCA	Overpaying
10	$723	$128	$595
20	$2,793	$503	$2,290
30	$8,090	$1,480	$6,610

Expense ratio

0.40%POWA
0.07%USCA, cheaper

USCA0.07%POWA0.40%

0.05%0.63%

Middle half of US Factor Index funds
Median 0.30%

USCA 2nd cheapest of 30 funds

POWA 22nd cheapest of 30 funds

POWA vs USCA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): POWA 0.91%; USCA 1.06%, better
Payout (12M): POWA $0.85; USCA $0.47
Last payment: POWA $0.85; USCA $0.10
Ex-dividend: POWA Dec 22, 2025; USCA Sep 18, 2026
Paid on: POWA Dec 26, 2025; USCA Sep 25, 2026
Frequency: POWA Annual; USCA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

POWAAnnual · 9 paymentsAll POWA payments⁠

USCAQuarterly · 15 paymentsAll USCA payments⁠

POWA vs USCA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: POWA 11.9%, betterUSCA 12.5%
Return per unit of riskSharpe ratio, 3 years: POWA 0.81USCA 1.27, better
Worst fallMax drawdown, 5 years: POWA −17.8%USCA −19.2%since Apr 2023
Market sensitivityBeta, 5 years: POWA 0.77USCA 1.00; Market = 1

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