PTL vs USCL: Grades, Fees and Holdings Compared

Inspire 500 ETF

PTLBNYSE Arca

iShares Climate Conscious & Transition MSCI USA ETF

USCLANasdaq

Overlap

16.4%by weight

Expense ratio

USCL −0.01pt a year

PTL0.09%USCL0.08%

Avg volume · 30D

PTL 1.6×the volume

PTL21.2KUSCL13.1K

PTL vs USCL Performance

Oct 31, 2025 – Nov 2, 2026

+7.5%PTL+6.7%USCL

Expense ratio: PTL 0.09%; USCL 0.08%, better
Fund size: PTL $869M; USCL $2.77B
1Y total return: PTL +7.5%, better; USCL +6.7%
Yield (12M): PTL 0.95%; USCL 1.07%, better
Holdings: PTL 502; USCL 394
Avg volume (30D): PTL 21.2K sh, better; USCL 13.1K sh
NAV per share: PTL $269.57; USCL $85.14
52W range

ETF.net Grade

Pillar letters and Scores for PTL, USCL, with each pillar’s weight
Pillar	PTL	USCL
Cost30% weight	A86	A99Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D38	C52Higher
Tradability15% weight	C54	A70Higher
Holdings10% weight	B69Higher	D35
Durability5% weight	C49	A70Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. PTL 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 PTL 17th 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 16BNULVNuveen ESG Large-Cap ValueScore 66
Rank 17BPTLInspire 500 ETFScore 65
Rank 18BAVSUAvantis Responsible U.S. Equity ETFScore 64

Our read on each fund

ETF.net Research

PTLBInspire 500 ETF

USCLAiShares Climate Conscious & Transition MSCI USA ETF

In short

PTL A 500-stock US large-cap index fund built on Inspire's biblically responsible screen: only companies scoring zero or higher on its Impact Score get in. Familiar large-cap shape, minus the megacap tech names the issuer says the screen keeps out, at 0.09% a year.

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

PTL The Fund seeks to replicate, before fees and expenses, the investment results of the Inspire 500 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

PTL 0.09% a year against a 0.25% median for values-screened peers, and level with the cheapest broad ESG index funds like ESGV.inspireetf.com
The screen is the product: market-cap weighted exposure to the 500 largest US companies that clear an Inspire Impact Score of zero or higher.inspireetf.com
Faith-based funds usually carry boutique pricing. This one is priced like plumbing, and has gathered several hundred million dollars since its 2024 launch.
A plain index wrapper with quarterly distributions, and it sits in the upper half of the values-screened group on our review.

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

PTL Inspire says the screen leaves out the megacap 'Magnificent 7', so results can diverge widely from a standard S&P 500 fund in either direction.inspireetf.com
Trades lightly for its size, so spreads can run wider than on mega-index funds and bigger orders need more care.
Launched in March 2024, which is a thin track record to judge risk on.

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 PTL profile⁠

Full USCL profile⁠

PTL vs USCL Holdings

How PTL and USCL differ

Overlap by weight

16.4%

Shared holdings make up 64.2% of PTL and 16.4% of USCL.

Level by level

Holdings136 in both16.4%
Sector11 Sectors69.1%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in PTL and USCL, widest gap first
Sector	More in PTLMore in USCL	PTL	USCL
Industrials	PTL +12.0 points	18.8%	6.8%
Communication	USCL +9.7 points	0.8%	10.5%
Technology	USCL +9.4 points	32.4%	41.8%
Energy	PTL +8.2 points	10.3%	2.1%
Health Care	USCL +4.5 points	6.1%	10.6%
Real Estate	PTL +4.4 points	6.1%	1.7%
Materials	PTL +3.9 points	5.5%	1.6%
Consumer Discretionary	USCL +3.5 points	6.2%	9.7%
Utilities	PTL +2.4 points	4.0%	1.6%
Consumer Staples	USCL +2.1 points	2.1%	4.2%
Financials	USCL +1.8 points	7.8%	9.6%

Country, concentration and asset class

Country by domicile

Country weights in PTL and USCL, widest gap first
Country	More in PTLMore in USCL	PTL	USCL
United States	PTL +0.3 points	99.6%	99.3%
Switzerland	USCL +0.2 points	0.0%	0.2%
Mexico	PTL +0.1 points	0.2%	0.1%
United Kingdom	PTL +0.2 points	0.2%	0.0%
Brazil	USCL +0.1 points	0.0%	0.1%
China	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

PTL27.0%
USCL44.8%

Securities held

PTL501
USCL391

Asset class

PTL: Equity
USCL: Equity

Holdings

Only in PTL365
In both136
Only in USCL255

Only in PTL

365 securities, 35.7% of PTL by weight

Sandisk Corp0.98%
Southern Copper0.90%
Valero Energy0.65%
Freeport-Mcmoran0.56%
Carvana Co0.50%
Applovin Co-Cl A0.47%
Kinder Morgan In0.47%
Targa Resources0.43%
Cheniere Energy0.41%
Devon Energy Co0.35%
Bloom Energy C-A0.35%
Entergy Corp0.33%
Autozone Inc0.32%
Roper Technologi0.30%
Vivmark Resident0.30%
Anglogold Ashant0.27%
Msci Inc0.27%
Strategy Inc0.26%
Crown Castle Inc0.25%
Venture Global-A0.25%
Medline Inc-A0.24%
Dr Horton Inc0.24%
Revolution Medic0.24%
Royalty Pharma-A0.23%
Eqt Corp0.23%
Tko Group Holdin0.22%
Astera Labs Inc0.22%
Coinbase Globa-A0.21%
Coreweave I-Cl A0.21%
Ubiquiti Inc0.20%
Sunbelt Rentals0.20%
Copart Inc0.19%
Resmed Inc0.19%
Dollar General C0.18%
Atmos Energy0.18%
Emcor Group Inc0.18%
Casey's General0.18%
Roivant Sciences0.18%
Centerpoint Ener0.18%
Echostar Corp-A0.17%
Cincinnati Fin0.17%
Cerebras Sys - A0.17%
Mongodb Inc0.17%
Coupang Inc0.16%
Corpay Inc0.16%
First Citizens-A0.16%
Insmed Inc0.15%
Brown & Brown0.15%
Affirm Holdings0.15%
Edison Intl0.15%

Only in USCL

255 securities, 83.5% of USCL by weight

Apple9.51%
NVIDIA8.84%
Microsoft6.92%
Amazon.com Inc4.37%
Alphabet Class A3.08%
Meta Platforms Class A2.54%
Alphabet Class C2.44%
Tesla Inc2.15%
Eli Lilly2.13%
Advanced Micro Devices1.55%
Visa Class A1.29%
JPMorgan Chase & Co1.26%
Johnson & Johnson1.24%
Walmart1.02%
AbbVie0.98%
Mastercard Class A0.97%
Cisco Systems Inc0.77%
Procter & Gamble0.71%
UnitedHealth Group0.69%
Merck & Co Inc0.69%
Coca-Cola0.68%
Palo Alto Networks0.56%
Thermo Fisher Scientific0.49%
Netflix0.49%
Amgen Inc0.47%
Micron Technology0.47%
Bank of America0.46%
Applied Material Inc0.44%
Costco Wholesale Corp0.42%
Lam Research0.42%
Chevron0.41%
Gilead Sciences0.40%
Analog Devices0.38%
Goldman Sachs Group0.37%
Pepsico0.35%
Verizon Communications Inc0.35%
Mcdonalds Corp0.35%
Salesforce0.34%
International Business Machines Co0.34%
Union Pacific0.34%
Pfizer0.33%
Qualcomm0.33%
Oracle0.32%
American Express0.32%
BlackRock0.32%
Deere0.31%
Morgan Stanley0.31%
Accenture PLC Class A0.30%
AT&T0.28%
Danaher0.28%

Weight gaps

The 100 widest of 136 Holdings in both funds.

Holding weights in PTL and USCL, widest gap first
Holding	More in PTLMore in USCL	PTL	USCL
Broadcom IncAVGO	PTL +6.66 points	9.43%	2.77%
Exxonmobil HoldiXOM	PTL +3.70 points	4.43%	0.73%
Palantir Techn-APLTR	PTL +1.58 points	2.33%	0.75%
Ge Aerospace CompanyGE	PTL +1.50 points	1.94%	0.44%
Home Depot IncHD	PTL +1.49 points	2.11%	0.62%
Caterpillar IncCAT	PTL +1.27 points	1.67%	0.40%
Ge Vernova IncGEV	PTL +1.13 points	1.35%	0.22%
Amphenol Corp-AAPH	PTL +0.92 points	1.10%	0.18%
Linde PLCLIN	PTL +0.90 points	1.35%	0.45%
Arista NetworksANET	PTL +0.85 points	1.19%	0.34%
Nextera EnergyNEE	PTL +0.79 points	1.12%	0.33%
Kla CorpKLAC	PTL +0.77 points	1.16%	0.39%
Interactive BrokIBKR	PTL +0.76 points	0.81%	0.05%
Welltower IncWELL	PTL +0.70 points	1.01%	0.31%
Progressive CorpPGR	PTL +0.68 points	0.81%	0.13%
Western DigitalWDC	PTL +0.58 points	0.76%	0.18%
Marvell TechnoloMRVL	PTL +0.55 points	0.87%	0.32%
United Parcel-BUPS	PTL +0.49 points	0.57%	0.08%
Parker HannifinPH	PTL +0.49 points	0.65%	0.16%
Automatic DataADP	PTL +0.48 points	0.70%	0.22%
Vertiv Holding-AVRT	PTL +0.46 points	0.62%	0.16%
Eog ResourcesEOG	PTL +0.45 points	0.53%	0.08%
Snowflake IncSNOW	PTL +0.42 points	0.61%	0.19%
Fedex CorpFDX	PTL +0.41 points	0.48%	0.07%
Csx CorpCSX	PTL +0.41 points	0.59%	0.18%
Waste ManagementWM	PTL +0.40 points	0.58%	0.18%
Intercont Exch IICE	PTL +0.39 points	0.57%	0.18%
Slb LtdSLB	PTL +0.39 points	0.54%	0.15%
Cintas CorpCTAS	PTL +0.38 points	0.52%	0.14%
Republic SvcsRSG	PTL +0.37 points	0.46%	0.09%
Quanta ServicesPWR	PTL +0.37 points	0.54%	0.17%
3M CoMMM	PTL +0.36 points	0.53%	0.17%
Mondelez Inter-AMDLZ	PTL +0.35 points	0.51%	0.16%
O'reilly AutomotORLY	PTL +0.35 points	0.42%	0.07%
Fortinet IncFTNT	PTL +0.35 points	0.51%	0.16%
Occidental PeteOXY	PTL +0.34 points	0.41%	0.07%
Digital RealtyDLR	PTL +0.34 points	0.43%	0.09%
Norfolk SouthernNSC	PTL +0.33 points	0.47%	0.14%
Diamondback EnerFANG	PTL +0.31 points	0.37%	0.06%
Nucor CorpNUE	PTL +0.30 points	0.39%	0.09%
Public StoragePSA	PTL +0.30 points	0.38%	0.08%
Simon PropertySPG	PTL +0.30 points	0.43%	0.13%
Oneok IncOKE	PTL +0.28 points	0.40%	0.12%
United RentalsURI	PTL +0.28 points	0.42%	0.14%
Delta Air LiDAL	PTL +0.27 points	0.29%	0.02%
Paccar IncPCAR	PTL +0.27 points	0.35%	0.08%
Baker Hughes CoBKR	PTL +0.27 points	0.37%	0.10%
Nasdaq IncNDAQ	PTL +0.27 points	0.36%	0.09%
Aflac IncAFL	PTL +0.26 points	0.37%	0.11%
Fastenal CoFAST	PTL +0.26 points	0.34%	0.08%
Datadog Inc-ADDOG	PTL +0.24 points	0.38%	0.14%
Coherent CorpCOHR	PTL +0.23 points	0.25%	0.02%
Vistra CorpVST	PTL +0.23 points	0.30%	0.07%
Ametek IncAME	PTL +0.23 points	0.31%	0.08%
Honeywell AerospHONA	PTL +0.22 points	0.29%	0.07%
Monolithic PowerMPWR	PTL +0.21 points	0.32%	0.11%
Edwards LifeEW	PTL +0.21 points	0.31%	0.10%
Ventas IncVTR	PTL +0.21 points	0.27%	0.06%
Paychex IncPAYX	PTL +0.20 points	0.27%	0.07%
Wec Energy GroupWEC	PTL +0.19 points	0.23%	0.04%
Veeva Systems-AVEEV	PTL +0.18 points	0.27%	0.09%
Cons Edison IncED	PTL +0.18 points	0.26%	0.08%
Steel DynamicsSTLD	PTL +0.18 points	0.23%	0.05%
Ciena CorpCIEN	PTL +0.17 points	0.26%	0.09%
Martin Mar MtlsMLM	PTL +0.18 points	0.24%	0.06%
Teradyne IncTER	PTL +0.17 points	0.23%	0.06%
Idexx LabsIDXX	PTL +0.17 points	0.25%	0.08%
Comfort SystemsFIX	PTL +0.17 points	0.25%	0.08%
Pub Serv EnterpPEG	PTL +0.17 points	0.24%	0.07%
Jabil IncJBL	PTL +0.17 points	0.18%	0.01%
DexcomDXCM	PTL +0.17 points	0.18%	0.01%
Iqvia Holdings IIQV	PTL +0.17 points	0.25%	0.08%
Old Dominion FrtODFL	PTL +0.16 points	0.22%	0.06%
Vulcan MaterialsVMC	PTL +0.15 points	0.22%	0.07%
Kenvue IncKVUE	PTL +0.15 points	0.22%	0.07%
Extra Space StorEXR	PTL +0.15 points	0.20%	0.05%
Microchip TechMCHP	PTL +0.15 points	0.23%	0.08%
Wr Berkley CorpWRB	PTL +0.15 points	0.16%	0.01%
Regions FinanciaRF	PTL +0.15 points	0.16%	0.01%
Flex LtdFLEX	PTL +0.15 points	0.19%	0.04%
Cboe Global MarkCBOE	PTL +0.15 points	0.22%	0.07%
Halliburton CoHAL	PTL +0.14 points	0.20%	0.06%
Dte Energy CoDTE	PTL +0.14 points	0.18%	0.04%
Hunt (Jb) TransJBHT	PTL +0.14 points	0.15%	<0.01%
Zscaler IncZS	PTL +0.13 points	0.18%	0.05%
Firstenergy CorpFE	PTL +0.13 points	0.17%	0.04%
Ameren CorpAEE	PTL +0.13 points	0.19%	0.06%
Tradeweb Marke-ATW	PTL +0.13 points	0.16%	0.03%
American Water WAWK	PTL +0.13 points	0.18%	0.05%
Labcorp HoldingsLH	PTL +0.12 points	0.18%	0.06%
Expand Energy CoEXE	PTL +0.12 points	0.14%	0.02%
Ingersoll-Rand IIR	PTL +0.12 points	0.18%	0.06%
Samsara Inc-Cl AIOT	PTL +0.12 points	0.15%	0.03%
Nrg EnergyNRG	PTL +0.12 points	0.15%	0.03%
Eversource EnergES	PTL +0.12 points	0.17%	0.05%
Texas Pacific LaTPL	PTL +0.11 points	0.15%	0.04%
Equifax IncEFX	PTL +0.12 points	0.16%	0.04%
Dover CorpDOV	PTL +0.12 points	0.17%	0.05%
Everpure Inc-AP	PTL +0.11 points	0.19%	0.08%
Entegris IncENTG	PTL +0.12 points	0.13%	0.01%

All PTL 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.

PTL vs USCL Cost

Overpaying PTL vs USCL

$209

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

PTL 0.09%
$1,898
USCL 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

PTL 0.09%
USCL 0.08%
Overpaying

Year by year

Year	PTL	USCL	Overpaying
10	$165	$147	$18
20	$646	$575	$71
30	$1,898	$1,689	$209

Expense ratio

0.09%PTL
0.08%USCL, cheaper

USCL0.08%PTL0.09%

0.08%0.95%

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

USCL cheapest of 47 funds

PTL 3rd cheapest of 47 funds

PTL vs USCL Dividends

Last 12 months to Nov 2, 2026

Yield (12M): PTL 0.95%; USCL 1.07%, better
Payout (12M): PTL $2.55; USCL $0.91
Last payment: PTL $0.08; USCL $0.20
Ex-dividend: PTL Sep 25, 2026; USCL Sep 15, 2026
Paid on: PTL Oct 1, 2026; USCL Sep 18, 2026
Frequency: PTL Quarterly; USCL Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

PTLQuarterly · 10 paymentsAll PTL payments⁠

USCLQuarterly · 13 paymentsAll USCL payments⁠

PTL vs USCL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PTL 13.3%since Apr 2024USCL 12.5%
Return per unit of riskSharpe ratio, 3 years: PTL 0.66since Apr 2024USCL 1.28
Worst fallMax drawdown, 5 years: PTL −19.7%since Mar 2024USCL −19.0%since Jun 2023
Market sensitivityBeta, 5 years: PTL 1.01USCL 1.01; Market = 1

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