SPHD vs USCA: Grades, Fees and Holdings Compared

Invesco S&P 500 High Dividend Low Volatility ETF

SPHD—NYSE Arca

Xtrackers MSCI USA Climate Action Equity ETF

USCAANYSE Arca

Overlap

4.4%by weight

Expense ratio

USCA −0.23pt a year

SPHD0.30%USCA0.07%

Avg volume · 30D

SPHD 9.6×the volume

SPHD940KUSCA97.9K

3Y return · a year

USCA +5.4pt

SPHD+15.1%USCA+20.5%

SPHD vs USCA Performance

Oct 31, 2025 – Nov 2, 2026

+16.3%SPHD+7.7%USCA

Expense ratio: SPHD 0.30%; USCA 0.07%, better
Fund size: SPHD $3.42B; USCA $3.42B
1Y total return: SPHD +16.3%, better; USCA +7.7%
Yield (12M): SPHD 4.75%, better; USCA 1.05%
Holdings: SPHD 56; USCA 392
Avg volume (30D): SPHD 940K sh, better; USCA 97.9K sh
NAV per share: SPHD $52.01; USCA $44.82
52W range

ETF.net Grade

—SPHDUnder classification review

Pillar letters and Scores for SPHD, USCA, with each pillar’s weight
Pillar	SPHD	USCA
Cost30% weight	Not scored	A97
Mission25% weight	Not scored	A91
Risk15% weight	Not scored	C54
Tradability15% weight	Not scored	B61
Holdings10% weight	Not scored	D29
Durability5% weight	Not scored	C49

Rank among US Factor Index funds

How we build Categories ›

US Factor Index⁠

Category · 30 funds

See all 30 ›

USCA ranks 2nd 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
SPHDNot yet graded

Our read on each fund

ETF.net Research

SPHD—Invesco S&P 500 High Dividend Low Volatility ETF

USCAAXtrackers MSCI USA Climate Action Equity ETF

In short

SPHD No data

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

SPHD No data

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

SPHD No data

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

SPHD No data

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 SPHD profile⁠

Full USCA profile⁠

SPHD vs USCA Holdings

How SPHD and USCA differ

Overlap by weight

4.4%

Shared holdings make up 68.5% of SPHD and 4.4% of USCA.

Level by level

Holdings34 in both4.4%
Countryby domicile99.3%
Asset classEquity100%

Sector

No Sector split for SPHD.

Country, concentration and asset class

Country by domicile

Country weights in SPHD and USCA, widest gap first
Country	More in SPHDMore in USCA	SPHD	USCA
United States	SPHD +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

SPHD28.4%
USCA44.6%

Securities held

SPHD50
USCA391

Asset class

SPHD: Equity
USCA: Equity

Holdings

Only in SPHD16
In both34
Only in USCA357

Only in SPHD

16 securities, 31.2% of SPHD by weight

Crown Castle Inc2.94%
Altria Group Inc2.92%
VICI Properties Inc2.82%
Healthpeak Properties Inc2.24%
Clorox Co/The2.19%
Hasbro Inc2.08%
J M Smucker Co/The1.97%
Medtronic PLC1.97%
Hormel Foods Corp1.82%
BXP Inc1.80%
Franklin Templeton Inc1.76%
Kinder Morgan Inc1.76%
Genuine Parts Co1.63%
Edison International1.56%
Pinnacle West Capital Corp1.55%
Invesco Government & Agency Portfolio0.21%

Only in USCA

357 securities, 95.2% 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%
Johnson & Johnson1.23%
Wal-Mart Stores Inc1.01%
AbbVie Inc0.98%
Mastercard Inc-Class A0.97%
Cisco Systems Inc0.77%
Palantir Technologies Inc Class A0.75%
Procter & Gamble Co0.71%
UnitedHealth Group Inc0.69%
Merck & Co Inc0.69%
Coca-Cola Co0.68%
Home Depot Inc0.62%
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%
Costco Wholesale Corp0.42%
Lam Research Corp0.42%
Caterpillar Inc0.41%
Gilead Sciences Inc0.40%
Kla-Tencor Corp0.39%
Analog Devices Inc0.38%
Goldman Sachs Group Inc0.37%
salesforce.com Inc0.34%
McDonald's Corp0.34%
International Business Machine Corp0.34%
Arista Networks Inc0.34%
Union Pacific Corp0.34%
QUALCOMM Inc0.33%
NextEra Energy Inc0.32%
American Express Co0.32%
Oracle Corp0.32%
Blackrock Inc0.31%

Weight gaps

All 34 Holdings in both funds, largest gap first.

Holding weights in SPHD and USCA, widest gap first
Holding	More in SPHDMore in USCA	SPHD	USCA
Pfizer IncPFE	SPHD +3.44 points	3.77%	0.33%
Kraft Heinz Co/TheKHC	SPHD +2.84 points	2.87%	0.03%
General Mills IncGIS	SPHD +2.82 points	2.85%	0.03%
Verizon Communications IncVZ	SPHD +2.71 points	3.06%	0.35%
Comcast CorpCMCSA	SPHD +2.31 points	2.43%	0.12%
Prudential Financial IncPRU	SPHD +2.25 points	2.29%	0.04%
ONEOK IncOKE	SPHD +2.23 points	2.34%	0.11%
Extra Space Storage IncEXR	SPHD +2.08 points	2.13%	0.05%
American Tower CorpAMT	SPHD +2.05 points	2.21%	0.16%
Kimberly-Clark CorpKMB	SPHD +2.03 points	2.10%	0.07%
Paychex IncPAYX	SPHD +2.02 points	2.09%	0.07%
AT&T IncT	SPHD +2.00 points	2.28%	0.28%
Realty Income CorpO	SPHD +2.00 points	2.10%	0.10%
Chevron CorpCVX	SPHD +1.95 points	2.36%	0.41%
T Rowe Price Group IncTROW	SPHD +1.84 points	1.86%	0.02%
Bristol-Myers Squibb CoBMY	SPHD +1.81 points	2.05%	0.24%
Mid-America Apartment Communities IncMAA	SPHD +1.78 points	1.79%	0.01%
Truist Financial CorpTFC	SPHD +1.77 points	1.80%	0.03%
Eversource EnergyES	SPHD +1.75 points	1.80%	0.05%
ConocoPhillipsCOP	SPHD +1.71 points	1.89%	0.18%
Honeywell International IncHON	SPHD +1.70 points	1.80%	0.10%
Vivmark ResidentialEQR	SPHD +1.64 points	1.71%	0.07%
PepsiCo IncPEP	SPHD +1.62 points	1.97%	0.35%
FirstEnergy CorpFE	SPHD +1.61 points	1.65%	0.04%
EOG Resources IncEOG	SPHD +1.58 points	1.66%	0.08%
Dominion Energy IncD	SPHD +1.57 points	1.68%	0.11%
Exelon CorpEXC	SPHD +1.50 points	1.59%	0.09%
KeyCorpKEY	SPHD +1.48 points	1.49%	<0.01%
Regions Financial CorpRF	SPHD +1.48 points	1.49%	0.01%
Duke Energy CorpDUK	SPHD +1.45 points	1.54%	0.09%
Evergy IncEVRG	SPHD +1.43 points	1.45%	0.02%
Huntington Bancshares Inc/OHHBAN	SPHD +1.36 points	1.38%	0.02%
Public Service Enterprise Group IncPEG	SPHD +1.30 points	1.37%	0.07%
ExxonMobil Holdings CorpXOM	SPHD +0.93 points	1.66%	0.73%

All 54 SPHD 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.

SPHD vs USCA Cost

Overpaying SPHD vs USCA

$4,669

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

SPHD 0.30%
$6,149
USCA 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

SPHD 0.30%
USCA 0.07%
Overpaying

Year by year

Year	SPHD	USCA	Overpaying
10	$545	$128	$417
20	$2,113	$503	$1,610
30	$6,149	$1,480	$4,669

Expense ratio

0.30%SPHD
0.07%USCA, cheaper

USCA0.07%SPHD0.30%

0.05%0.63%

Middle half of US Factor Index funds
Median 0.30%

USCA 2nd cheapest of 30 funds

SPHD 15th cheapest of 30 funds

SPHD vs USCA Dividends

Last 12 months to Nov 2, 2026

Yield (12M): SPHD 4.75%, better; USCA 1.05%
Payout (12M): SPHD $2.49; USCA $0.47
Last payment: SPHD $0.20; USCA $0.10
Ex-dividend: SPHD Oct 19, 2026; USCA Sep 18, 2026
Paid on: SPHD Oct 23, 2026; USCA Sep 25, 2026
Frequency: SPHD Monthly; USCA Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

SPHDMonthly · 46 paymentsAll SPHD payments⁠

USCAQuarterly · 15 paymentsAll USCA payments⁠

SPHD vs USCA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SPHD 13.4%USCA 12.5%, better
Return per unit of riskSharpe ratio, 3 years: SPHD 0.83USCA 1.27, better
Worst fallMax drawdown, 5 years: SPHD −19.5%USCA −19.2%since Apr 2023
Market sensitivityBeta, 5 years: SPHD 0.47USCA 1.00; Market = 1

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