QFHD vs USCA: Grades, Fees and Holdings Compared

Pacer S&P 500 Quality FCF High Dividend ETF

QFHDDCboe

Xtrackers MSCI USA Climate Action Equity ETF

USCAANYSE Arca

Overlap

12.9%by weight

Expense ratio

USCA −0.42pt a year

QFHD0.49%USCA0.07%

Avg volume · 30D

USCA 215.7×the volume

QFHD454USCA97.9K

QFHD vs USCA Performance

Jul 31, 2026 – Nov 2, 2026

+6.4%QFHD+1.8%USCA

Expense ratio: QFHD 0.49%; USCA 0.07%, better
Fund size: QFHD $1M; USCA $3.42B
1Y total return: QFHD No data; USCA +7.7%
Yield (12M): QFHD No data; USCA 1.05%
Holdings: QFHD 102; USCA 392
Avg volume (30D): QFHD 454 sh; USCA 97.9K sh, better
NAV per share: QFHD $28.72; USCA $44.82
52W range

ETF.net Grade

Pillar letters and Scores for QFHD, USCA, with each pillar’s weight
Pillar	QFHD	USCA
Cost30% weight	F19	A97Higher
Mission25% weight	F0	A91Higher
Risk15% weight	A84Higher	C54
Tradability15% weight	F21	B61Higher
Holdings10% weight	A78Higher	D29
Durability5% weight	F5	C49Higher

Rank among US Factor Index funds

How we build Categories ›

Same Category. QFHD 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 QFHD 26th 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 26DPDPInvesco Dorsey Wright Momentum ETFScore 29
Rank 26DQFHDPacer S&P 500 Quality FCF High Dividend ETFScore 29
Rank 28DALTLPacer Lunt Large Cap Alternator ETFScore 25
LVHDNot yet graded
SPHDNot yet graded

Our read on each fund

ETF.net Research

QFHDDPacer S&P 500 Quality FCF High Dividend ETF

USCAAXtrackers MSCI USA Climate Action Equity ETF

In short

QFHD Plenty of funds chase the S&P 500's fattest dividends. QFHD adds a gate: the payout has to sit on above-average free cash flow. Pacer's cash-flow discipline, pointed at roughly 100 large-cap yielders.

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

QFHD The fund uses a rules-based screen within the S&P 500 universe to select companies combining high trailing dividend yield with above-average free-cash-flow quality.

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

QFHD Yield with a receipt check. It ranks the S&P 500 on trailing dividend yield, then keeps the names showing above-average free-cash-flow quality.paceretfs.com
Large-cap only. Roughly 100 holdings, every one pulled from the S&P 500, so the income comes from established index members rather than obscure high-yielders.
Rules-based and advertised: profitability and quality are the stated screens, so you know what the portfolio is selecting for instead of guessing at a manager's mood.paceretfs.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

QFHD At 0.49% a year, it costs meaningfully more than broad factor rivals like MGV (0.05%) and SIZE (0.15%). The screen has to justify the gap.
A 2026 launch with a small asset base and light trading. That combination usually shows up as wider bid-ask spreads, and there is no long record to study yet.
Distributions come on an annual or semiannual schedule, so cash arrives in fewer, chunkier drops than a quarterly or monthly payer.

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 QFHD profile⁠

Full USCA profile⁠

QFHD vs USCA Holdings

How QFHD and USCA differ

Overlap by weight

12.9%

Shared holdings make up 78.9% of QFHD and 13.6% of USCA.

Level by level

Holdings77 in both12.9%
Asset classEquity100%
Countryby domicile99.6%

Sector

No Sector split for QFHD.

Country, concentration and asset class

Country by domicile

Country weights in QFHD and USCA, widest gap first
Country	More in QFHDMore in USCA	QFHD	USCA
United States	QFHD +0.2 points	99.5%	99.3%
Switzerland	QFHD +0.3 points	0.5%	0.2%
Brazil	USCA +0.1 points	0.0%	0.1%
China	USCA +0.1 points	0.0%	0.1%
Mexico	USCA +0.1 points	0.0%	0.1%
Canada	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

QFHD21.7%
USCA44.6%

Securities held

QFHD100
USCA391

Asset class

QFHD: Equity
USCA: Equity

Holdings

Only in QFHD23
In both77
Only in USCA314

Only in QFHD

23 securities, 20.9% of QFHD by weight

LyondellBasell Industries NV1.72%
Altria Group Inc1.70%
Clorox Co/The1.64%
Edison International1.52%
Synchrony Financial1.42%
Accenture PLC1.39%
Brown-Forman Corp1.13%
Hasbro Inc1.02%
Lockheed Martin Corp1.00%
Skyworks Solutions Inc0.84%
A O Smith Corp0.82%
Snap-on Inc0.74%
APA Corp0.70%
Avery Dennison Corp0.70%
Pentair PLC0.65%
Rollins Inc0.65%
FactSet Research Systems Inc0.57%
PPL Corp0.56%
Allegion plc0.49%
CF Industries Holdings Inc0.47%
Jack Henry & Associates Inc0.45%
TJX Cos Inc/The0.39%
Linde PLC0.36%

Only in USCA

314 securities, 86.0% of USCA by weight

Apple Inc9.49%
NVIDIA Corp8.82%
Microsoft Corp6.90%
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%
Wal-Mart Stores Inc1.01%
AbbVie Inc0.98%
Mastercard Inc-Class A0.97%
Palantir Technologies Inc Class A0.75%
Palo Alto Networks0.56%
Netflix Inc0.48%
Thermo Fisher Scientific Inc0.48%
Micron Technology0.47%
Bank of America Corp0.46%
2226792D0.44%
General Electric Co0.44%
Applied Materials Inc0.44%
Costco Wholesale Corp0.42%
Lam Research Corp0.42%
Caterpillar Inc0.41%
Kla-Tencor Corp0.39%
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%
NextEra Energy Inc0.32%
American Express Co0.32%
Oracle Corp0.32%
Blackrock Inc0.31%
Marvell Technology Group Ltd0.31%
Welltower Inc0.31%
Deere & Co0.31%
Morgan Stanley0.31%
Accenture Ltd-Cl A0.29%
Danaher Corp0.28%
Charles Schwab Corp0.27%
Walt Disney Co0.27%
Intel Corp0.27%
Eaton Corp PLC0.27%

Weight gaps

All 77 Holdings in both funds, largest gap first.

Holding weights in QFHD and USCA, widest gap first
Holding	More in QFHDMore in USCA	QFHD	USCA
Pfizer IncPFE	QFHD +3.98 points	4.31%	0.33%
Bristol-Myers Squibb CoBMY	QFHD +2.28 points	2.52%	0.24%
Zoetis IncZTS	QFHD +2.15 points	2.21%	0.06%
Prudential Financial IncPRU	QFHD +1.97 points	2.01%	0.04%
General Mills IncGIS	QFHD +1.71 points	1.74%	0.03%
NIKE IncNKE	QFHD +1.64 points	1.70%	0.06%
Comcast CorpCMCSA	QFHD +1.59 points	1.71%	0.12%
Abbott LaboratoriesABT	QFHD +1.51 points	1.77%	0.26%
Amgen IncAMGN	QFHD +1.48 points	1.95%	0.47%
Truist Financial CorpTFC	QFHD +1.42 points	1.45%	0.03%
Kimberly-Clark CorpKMB	QFHD +1.41 points	1.48%	0.07%
Gilead Sciences IncGILD	QFHD +1.35 points	1.75%	0.40%
Regions Financial CorpRF	QFHD +1.34 points	1.35%	0.01%
Best Buy Co IncBBY	QFHD +1.34 points	1.37%	0.03%
Blackstone IncBX	QFHD +1.31 points	1.47%	0.16%
Paychex IncPAYX	QFHD +1.18 points	1.25%	0.07%
KeyCorpKEY	QFHD +1.14 points	1.15%	<0.01%
Huntington Bancshares Inc/OHHBAN	QFHD +1.09 points	1.11%	0.02%
McCormick & Co Inc/MDMKC	QFHD +1.07 points	1.09%	0.02%
Fifth Third BancorpFITB	QFHD +1.05 points	1.07%	0.02%
EOG Resources IncEOG	QFHD +1.04 points	1.12%	0.08%
FirstEnergy CorpFE	QFHD +1.01 points	1.05%	0.04%
UnitedHealth Group IncUNH	QFHD +1.01 points	1.70%	0.69%
Constellation Brands IncSTZ	QFHD +0.98 points	1.01%	0.03%
WEC Energy Group IncWEC	QFHD +0.97 points	1.01%	0.04%
Broadridge Financial Solutions IncBR	QFHD +0.93 points	0.96%	0.04%
US BancorpUSB	QFHD +0.91 points	1.00%	0.09%
Evergy IncEVRG	QFHD +0.91 points	0.93%	0.02%
M&T Bank CorpMTB	QFHD +0.90 points	0.92%	0.02%
Public Service Enterprise Group IncPEG	QFHD +0.90 points	0.97%	0.07%
Eversource EnergyES	QFHD +0.89 points	0.94%	0.05%
PepsiCo IncPEP	QFHD +0.89 points	1.24%	0.35%
Exelon CorpEXC	QFHD +0.89 points	0.98%	0.09%
Hershey Co/TheHSY	QFHD +0.87 points	0.92%	0.05%
Southern Co/TheSO	QFHD +0.86 points	0.96%	0.10%
American International Group IncAIG	QFHD +0.86 points	0.94%	0.08%
Consolidated Edison IncED	QFHD +0.85 points	0.93%	0.08%
Merck & Co IncMRK	QFHD +0.85 points	1.54%	0.69%
PNC Financial Services Group Inc/ThePNC	QFHD +0.83 points	0.87%	0.04%
Principal Financial Group IncPFG	QFHD +0.80 points	0.82%	0.02%
AT&T IncT	QFHD +0.78 points	1.06%	0.28%
MetLife IncMET	QFHD +0.77 points	0.82%	0.05%
Automatic Data Processing IncADP	QFHD +0.75 points	0.97%	0.22%
DTE Energy CoDTE	QFHD +0.74 points	0.78%	0.04%
Citizens Financial Group IncCFG	QFHD +0.73 points	0.74%	0.01%
Packaging Corp of AmericaPKG	QFHD +0.69 points	0.72%	0.03%
Chevron CorpCVX	QFHD +0.66 points	1.07%	0.41%
Illinois Tool Works IncITW	QFHD +0.66 points	0.73%	0.07%
ConocoPhillipsCOP	QFHD +0.62 points	0.80%	0.18%
Microchip Technology IncMCHP	QFHD +0.61 points	0.69%	0.08%
Diamondback Energy IncFANG	QFHD +0.60 points	0.66%	0.06%
Duke Energy CorpDUK	QFHD +0.53 points	0.62%	0.09%
Marsh & McLennan Cos IncMRSH	QFHD +0.48 points	0.66%	0.18%
Fastenal CoFAST	QFHD +0.47 points	0.55%	0.08%
Northern Trust CorpNTRS	QFHD +0.44 points	0.47%	0.03%
Occidental Petroleum CorpOXY	QFHD +0.43 points	0.50%	0.07%
Garmin LtdGRMN	QFHD +0.41 points	0.47%	0.06%
Nasdaq IncNDAQ	QFHD +0.41 points	0.50%	0.09%
Cisco Systems IncCSCO	USCA +0.41 points	0.36%	0.77%
Colgate-Palmolive CoCL	QFHD +0.39 points	0.53%	0.14%
CME Group IncCME	QFHD +0.38 points	0.58%	0.20%
3M CoMMM	QFHD +0.38 points	0.55%	0.17%
Nordson CorpNDSN	QFHD +0.37 points	0.39%	0.02%
Estee Lauder Cos Inc/TheEL	QFHD +0.37 points	0.42%	0.05%
Tapestry IncTPR	QFHD +0.35 points	0.40%	0.05%
Home Depot Inc/TheHD	QFHD +0.35 points	0.97%	0.62%
ExxonMobil Holdings CorpXOM	QFHD +0.35 points	1.08%	0.73%
CH Robinson Worldwide IncCHRW	QFHD +0.35 points	0.37%	0.02%
NRG Energy IncNRG	QFHD +0.32 points	0.35%	0.03%
Church & Dwight Co IncCHD	QFHD +0.30 points	0.35%	0.05%
Capital One Financial CorpCOF	QFHD +0.26 points	0.43%	0.17%
Union Pacific CorpUNP	QFHD +0.24 points	0.58%	0.34%
Johnson & JohnsonJNJ	QFHD +0.20 points	1.43%	1.23%
Coca-Cola Co/TheKO	USCA +0.19 points	0.49%	0.68%
QUALCOMM IncQCOM	QFHD +0.19 points	0.52%	0.33%
Intuit IncINTU	QFHD +0.12 points	0.30%	0.18%
Procter & Gamble Co/ThePG	USCA +0.09 points	0.62%	0.71%

All 102 QFHD 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.

QFHD vs USCA Cost

Overpaying QFHD vs USCA

$8,312

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

QFHD 0.49%
$9,792
USCA 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

QFHD 0.49%
USCA 0.07%
Overpaying

Year by year

Year	QFHD	USCA	Overpaying
10	$883	$128	$755
20	$3,394	$503	$2,891
30	$9,792	$1,480	$8,312

Expense ratio

0.49%QFHD
0.07%USCA, cheaper

USCA0.07%QFHD0.49%

0.05%0.63%

Middle half of US Factor Index funds
Median 0.30%

USCA 2nd cheapest of 30 funds

QFHD 24th cheapest of 30 funds

QFHD vs USCA Dividends

Last 12 months to Nov 2, 2026

Yield (12M): QFHD No data; USCA 1.05%
Payout (12M): QFHD No data; USCA $0.47
Last payment: QFHD $0.19; USCA $0.10
Ex-dividend: QFHD Sep 3, 2026; USCA Sep 18, 2026
Paid on: QFHD Sep 8, 2026; USCA Sep 25, 2026
Frequency: QFHD Quarterly; USCA Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

QFHDQuarterly · 3 paymentsAll QFHD payments⁠

USCAQuarterly · 15 paymentsAll USCA payments⁠

QFHD vs USCA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QFHD No dataUSCA 12.5%
Return per unit of riskSharpe ratio, 3 years: QFHD No dataUSCA 1.27
Worst fallMax drawdown, 5 years: QFHD No dataUSCA −19.2%since Apr 2023
Market sensitivityBeta, 5 years: QFHD 0.06USCA 1.00; Market = 1

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