SIZE vs USCA: Grades, Fees and Holdings Compared

iShares MSCI USA Size Factor ETF

SIZEANYSE Arca

Xtrackers MSCI USA Climate Action Equity ETF

USCAANYSE Arca

Overlap

35.1%by weight

Expense ratio

USCA −0.08pt a year

SIZE0.15%USCA0.07%

Avg volume · 30D

USCA 18.8×the volume

SIZE5.21KUSCA97.9K

3Y return · a year

USCA +2.4pt

SIZE+18.9%USCA+21.3%

SIZE vs USCA Performance

Oct 31, 2025 – Oct 30, 2026

+13.8%SIZE+6.8%USCA

Expense ratio: SIZE 0.15%; USCA 0.07%, better
Fund size: SIZE $433M; USCA $3.42B
1Y total return: SIZE +13.8%, better; USCA +6.8%
Yield (12M): SIZE 1.37%, better; USCA 1.06%
Holdings: SIZE 518; USCA 392
Avg volume (30D): SIZE 5.21K sh; USCA 97.9K sh, better
NAV per share: SIZE $180.22; USCA $44.82
52W range

ETF.net Grade

Pillar letters and Scores for SIZE, USCA, with each pillar’s weight
Pillar	SIZE	USCA
Cost30% weight	A81	A97Higher
Mission25% weight	A93Higher	A91
Risk15% weight	B66Higher	C54
Tradability15% weight	F23	B61Higher
Holdings10% weight	A88Higher	D29
Durability5% weight	B57Higher	C49

Rank among US Factor Index funds

How we build Categories ›

Same Category. SIZE 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 SIZE 3rd 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 4ADXUVU.S. Vector Equity Portfolio ETF Class SharesScore 70

Our read on each fund

ETF.net Research

SIZEAiShares MSCI USA Size Factor ETF

USCAAXtrackers MSCI USA Climate Action Equity ETF

In short

SIZE The size factor without leaving the large-cap pool: SIZE holds roughly 500 US stocks and leans toward the smaller names in that universe, spreading weight away from the mega-cap giants. An iShares factor original from 2013.

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

SIZE The fund seeks to track an index of U.S. stocks that have smaller market capitalizations relative to their peers.

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

SIZE Charges 0.15%, roughly half the typical fee among US factor ETFs.
Tracks the MSCI USA Low Size Index tightly, one of the closer index implementations in its peer group.
Roughly 500 holdings, so no single name dominates the way it does in a cap-weighted US index.
Running since 2013, one of the original iShares single-factor funds rather than a recent launch.ishares.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

SIZE Thinly traded next to headline index funds, so bid-ask spreads can run wider and bigger orders need more care.
This is a tilt, not a small-cap fund: the index draws from US large and mid caps and favors the smaller end of that pool.
A mid-sized fund by category standards, not one of the asset-gathering giants. Pays quarterly.

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 SIZE profile⁠

Full USCA profile⁠

SIZE vs USCA Holdings

How SIZE and USCA differ

Overlap by weight

35.1%

Shared holdings make up 97.1% of USCA and 72.9% of SIZE.

Level by level

Holdings370 in both35.1%
Sector11 Sectors65.8%
Countryby domicile98.4%
Asset classEquity100%

Sector

Sector weights in SIZE and USCA, widest gap first
Sector	More in SIZEMore in USCA	SIZE	USCA
Technology	USCA +25.5 points	17.9%	43.4%
Industrials	SIZE +10.0 points	16.2%	6.2%
Communication	USCA +8.3 points	3.3%	11.6%
Financials	SIZE +7.1 points	16.1%	9.0%
Utilities	SIZE +3.7 points	5.2%	1.5%
Materials	SIZE +3.4 points	4.8%	1.4%
Real Estate	SIZE +2.8 points	4.5%	1.7%
Health Care	SIZE +2.7 points	12.8%	10.1%
Energy	SIZE +2.4 points	4.3%	1.9%
Consumer Staples	SIZE +1.9 points	5.7%	3.8%
Consumer Discretionary	USCA +0.4 points	9.0%	9.4%

Country, concentration and asset class

Country by domicile

Country weights in SIZE and USCA, widest gap first
Country	More in SIZEMore in USCA	SIZE	USCA
United States	USCA +1.6 points	97.7%	99.3%
United Kingdom	SIZE +0.6 points	0.6%	0.0%
Other countries (7)	SIZE +1.0 points	1.6%	0.6%

Concentration

Weight in the 10 largest Holdings

SIZE3.7%
USCA44.6%

Securities held

SIZE515
USCA391

Asset class

SIZE: Equity
USCA: Equity

Holdings

Only in SIZE145
In both370
Only in USCA21

Only in SIZE

145 securities, 27.0% of SIZE by weight

Sharkninja0.39%
Vivmark Residential0.36%
Marathon Petroleum0.31%
Crowdstrike Holdings Class A0.29%
Phillips 660.28%
Valero Energy Corp0.28%
Roper Technologies0.27%
Accenture PLC Class A0.26%
Genuine Parts0.26%
Corebridge Financial Inc0.25%
Quest Diagnostics Inc0.25%
Becton Dickinson0.25%
Cheniere Energy0.25%
Revolution Medicines0.24%
Royalty Pharma PLC Class A0.24%
Willis Towers Watson0.24%
Dollar General Corp0.24%
Incyte Corp0.24%
Ss and C Technologies Holdings0.23%
Reliance Steel & Aluminum0.23%
Ball Corp0.23%
First Citizens Bancshares Class A0.23%
Smurfit Westrock PLC0.23%
Brown & Brown Inc0.23%
Royal Caribbean Group0.23%
Carnival Corp Ltd0.23%
Everest Group0.22%
Corpay0.22%
Medtronic PLC0.22%
Skyworks Solutions0.22%
Centene Corp0.22%
Waste Connections0.22%
Darden Restaurants Inc0.22%
Lockheed Martin0.22%
Affirm Holdings Class A0.21%
Pultegroup0.21%
Sunbelt Rentals Holdings Inc0.21%
Hca Healthcare0.21%
Doordash Class A0.21%
Pinnacle Financial Partners0.21%
Targa Resources0.21%
Resmed0.21%
Synchrony Financial0.21%
Cincinnati Financial0.21%
Axon Enterprise0.20%
Teledyne Technologies0.20%
Block Class A0.20%
Live Nation Entertainment0.20%
D R Horton0.20%
Roivant Sciences Ltd0.20%

Only in USCA

21 securities, 2.6% of USCA by weight

2226792D0.44%
Accenture Ltd-Cl A0.29%
Eaton Corp PLC0.27%
Chubb Ltd Npv0.18%
Medtronic plc0.18%
Anthem Inc0.17%
Johnson Controls International PLC0.17%
Schlumberger Ltd0.15%
NXP Semiconductors NV0.12%
Crh PLC0.11%
Becton Dickinson & Co0.08%
Equity Residential0.07%
Square Class A0.07%
Willis Towers Watson PLC0.06%
Waste Connections Inc0.04%
Fiserv Inc0.04%
Smurfit Westrock PLC0.03%
Ball Corp0.03%
Flutter Entmt(Us)0.02%
Carnival Corp0.02%
Everest Re Group<0.01%

Weight gaps

The 100 widest of 370 Holdings in both funds.

Holding weights in SIZE and USCA, widest gap first
Holding	More in SIZEMore in USCA	SIZE	USCA
AppleAAPL	USCA +9.31 points	0.18%	9.49%
NVIDIANVDA	USCA +8.68 points	0.14%	8.82%
MicrosoftMSFT	USCA +6.70 points	0.20%	6.90%
Amazon.com IncAMZN	USCA +4.21 points	0.15%	4.36%
Alphabet Class AGOOGL	USCA +3.02 points	0.06%	3.08%
Broadcom IncAVGO	USCA +2.63 points	0.13%	2.76%
Alphabet Class CGOOG	USCA +2.39 points	0.05%	2.44%
Meta Platforms Class AMETA	USCA +2.36 points	0.17%	2.53%
Tesla IncTSLA	USCA +1.98 points	0.16%	2.14%
Eli LillyLLY	USCA +1.90 points	0.23%	2.13%
Advanced Micro DevicesAMD	USCA +1.34 points	0.20%	1.54%
Visa Class AV	USCA +1.08 points	0.21%	1.29%
JPMorgan Chase & CoJPM	USCA +1.07 points	0.19%	1.26%
Johnson & JohnsonJNJ	USCA +1.03 points	0.20%	1.23%
WalmartWMT	USCA +0.86 points	0.15%	1.01%
Mastercard Class AMA	USCA +0.75 points	0.22%	0.97%
AbbVieABBV	USCA +0.74 points	0.24%	0.98%
Cisco Systems IncCSCO	USCA +0.62 points	0.15%	0.77%
Exxonmobil Holdings CorpXOM	USCA +0.54 points	0.19%	0.73%
Palantir Technologies Class APLTR	USCA +0.52 points	0.23%	0.75%
UnitedHealth GroupUNH	USCA +0.51 points	0.18%	0.69%
Procter & GamblePG	USCA +0.51 points	0.20%	0.71%
Coca-ColaKO	USCA +0.48 points	0.20%	0.68%
Merck & Co IncMRK	USCA +0.46 points	0.23%	0.69%
Home DepotHD	USCA +0.43 points	0.19%	0.62%
Okta Class AOKTA	SIZE +0.40 points	0.47%	0.07%
NetflixNFLX	USCA +0.36 points	0.12%	0.48%
Atlassian Corp Class ATEAM	SIZE +0.36 points	0.42%	0.06%
NateraNTRA	SIZE +0.30 points	0.40%	0.10%
Palo Alto NetworksPANW	USCA +0.29 points	0.27%	0.56%
Bank of AmericaBAC	USCA +0.29 points	0.17%	0.46%
Best BuyBBY	SIZE +0.29 points	0.32%	0.03%
Caterpillar IncCAT	USCA +0.29 points	0.12%	0.41%
Veeva Systems Class AVEEV	SIZE +0.27 points	0.36%	0.09%
Applied Material IncAMAT	USCA +0.28 points	0.16%	0.44%
Lam ResearchLRCX	USCA +0.27 points	0.15%	0.42%
Costco Wholesale CorpCOST	USCA +0.26 points	0.16%	0.42%
Ge AerospaceGE	USCA +0.26 points	0.18%	0.44%
CdwCDW	SIZE +0.26 points	0.29%	0.03%
Netapp IncNTAP	SIZE +0.25 points	0.31%	0.06%
Micron TechnologyMU	USCA +0.26 points	0.21%	0.47%
Illumina IncILMN	SIZE +0.25 points	0.32%	0.07%
Dollar Tree IncDLTR	SIZE +0.25 points	0.28%	0.03%
Toast Class ATOST	SIZE +0.25 points	0.27%	0.02%
Global Payments IncGPN	SIZE +0.24 points	0.27%	0.03%
Everpure Inc Class AP	SIZE +0.24 points	0.32%	0.08%
Mettler ToledoMTD	SIZE +0.23 points	0.30%	0.07%
Samsara Class AIOT	SIZE +0.23 points	0.26%	0.03%
Jacobs Solutions IncJ	SIZE +0.24 points	0.27%	0.03%
KlaKLAC	USCA +0.23 points	0.16%	0.39%
MascoMAS	SIZE +0.22 points	0.24%	0.02%
Hp IncHPQ	SIZE +0.22 points	0.26%	0.04%
Entegris IncENTG	SIZE +0.23 points	0.24%	0.01%
Williams Sonoma IncWSM	SIZE +0.22 points	0.28%	0.06%
Amgen IncAMGN	USCA +0.22 points	0.25%	0.47%
Estee Lauder Inc Class AEL	SIZE +0.22 points	0.27%	0.05%
Dexcom IncDXCM	SIZE +0.21 points	0.23%	0.02%
West Pharmaceutical ServicesWST	SIZE +0.22 points	0.26%	0.04%
PtcPTC	SIZE +0.22 points	0.26%	0.04%
Labcorp HoldingsLH	SIZE +0.21 points	0.27%	0.06%
International PaperIP	SIZE +0.21 points	0.24%	0.03%
Packaging Corp of AmericaPKG	SIZE +0.21 points	0.24%	0.03%
Hewlett Packard EnterpriseHPE	SIZE +0.21 points	0.31%	0.10%
ZscalerZS	SIZE +0.21 points	0.26%	0.05%
Thermo Fisher ScientificTMO	USCA +0.21 points	0.27%	0.48%
Workday Class AWDAY	SIZE +0.21 points	0.29%	0.08%
United Airlines HoldingsUAL	SIZE +0.21 points	0.22%	0.01%
Amcor PLCAMCR	SIZE +0.21 points	0.25%	0.04%
Iqvia Holdings IncIQV	SIZE +0.21 points	0.29%	0.08%
NordsonNDSN	SIZE +0.21 points	0.23%	0.02%
Analog DevicesADI	USCA +0.20 points	0.18%	0.38%
Goldman Sachs GroupGS	USCA +0.20 points	0.17%	0.37%
ChevronCVX	USCA +0.21 points	0.20%	0.41%
Agilent Technologies IncA	SIZE +0.21 points	0.30%	0.09%
Gen DigitalGEN	SIZE +0.20 points	0.23%	0.03%
International Flavors & FragrancesIFF	SIZE +0.20 points	0.25%	0.05%
Ulta Beauty IncULTA	SIZE +0.20 points	0.25%	0.05%
News Class ANWSA	SIZE +0.20 points	0.21%	0.01%
Hyatt Hotels Corp Class AH	SIZE +0.20 points	0.21%	0.01%
TransunionTRU	SIZE +0.20 points	0.23%	0.03%
Delta Air LinesDAL	SIZE +0.20 points	0.22%	0.02%
OracleORCL	USCA +0.20 points	0.12%	0.32%
VeraltoVLTO	SIZE +0.20 points	0.25%	0.05%
Broadridge Financial Solutions IncBR	SIZE +0.19 points	0.23%	0.04%
Expeditors International of WashinEXPD	SIZE +0.19 points	0.24%	0.05%
Regions FinancialRF	SIZE +0.19 points	0.20%	0.01%
Wr BerkleyWRB	SIZE +0.19 points	0.20%	0.01%
PepsicoPEP	USCA +0.19 points	0.16%	0.35%
Expedia GroupEXPE	SIZE +0.19 points	0.25%	0.06%
Leidos HoldingsLDOS	SIZE +0.19 points	0.22%	0.03%
IdexIEX	SIZE +0.19 points	0.22%	0.03%
Principal Financial Group IncPFG	SIZE +0.19 points	0.21%	0.02%
Fifth Third BancorpFITB	SIZE +0.19 points	0.21%	0.02%
Verizon Communications IncVZ	USCA +0.19 points	0.16%	0.35%
Zimmer Biomet HoldingsZBH	SIZE +0.18 points	0.21%	0.03%
Ge Healthcare TechnologiesGEHC	SIZE +0.18 points	0.23%	0.05%
Tractor SupplyTSCO	SIZE +0.19 points	0.21%	0.02%
Citizens Financial Group IncCFG	SIZE +0.19 points	0.20%	0.01%
M&T BankMTB	SIZE +0.18 points	0.20%	0.02%
Cognizant Technology Solutions ClaCTSH	SIZE +0.18 points	0.24%	0.06%

All 515 SIZE 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.

SIZE vs USCA Cost

Overpaying SIZE vs USCA

$1,657

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

SIZE 0.15%
$3,137
USCA 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

SIZE 0.15%
USCA 0.07%
Overpaying

Year by year

Year	SIZE	USCA	Overpaying
10	$274	$128	$146
20	$1,071	$503	$568
30	$3,137	$1,480	$1,657

Expense ratio

0.15%SIZE
0.07%USCA, cheaper

USCA0.07%SIZE0.15%

0.05%0.63%

Middle half of US Factor Index funds
Median 0.30%

USCA 2nd cheapest of 30 funds

SIZE 5th cheapest of 30 funds

SIZE vs USCA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SIZE 1.37%, better; USCA 1.06%
Payout (12M): SIZE $2.47; USCA $0.47
Last payment: SIZE $0.65; USCA $0.10
Ex-dividend: SIZE Sep 15, 2026; USCA Sep 18, 2026
Paid on: SIZE Sep 18, 2026; USCA Sep 25, 2026
Frequency: SIZE Quarterly; USCA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SIZEQuarterly · 41 paymentsAll SIZE payments⁠

USCAQuarterly · 15 paymentsAll USCA payments⁠

SIZE vs USCA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SIZE 13.0%USCA 12.5%, better
Return per unit of riskSharpe ratio, 3 years: SIZE 1.06USCA 1.27, better
Worst fallMax drawdown, 5 years: SIZE −24.0%USCA −19.2%since Apr 2023
Market sensitivityBeta, 5 years: SIZE 0.97USCA 1.00; Market = 1

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