SUSA vs USCA: Grades, Fees and Holdings Compared

iShares ESG Optimized MSCI USA ETF

SUSAANYSE Arca

Xtrackers MSCI USA Climate Action Equity ETF

USCAANYSE Arca

Overlap

56.6%by weight

Expense ratio

USCA −0.18pt a year

SUSA0.25%USCA0.07%

Avg volume · 30D

USCA 2.5×the volume

SUSA39.6KUSCA97.9K

3Y return · a year

SUSA +1.3pt

SUSA+22.6%USCA+21.3%

SUSA vs USCA Performance

Oct 31, 2025 – Oct 30, 2026

+12.1%SUSA+6.8%USCA

Expense ratio: SUSA 0.25%; USCA 0.07%, better
Fund size: SUSA $4.03B; USCA $3.42B
1Y total return: SUSA +12.1%, better; USCA +6.8%
Yield (12M): SUSA 0.84%; USCA 1.06%, better
Holdings: SUSA 206; USCA 392
Avg volume (30D): SUSA 39.6K sh; USCA 97.9K sh, better
NAV per share: SUSA $155.11; USCA $44.82
52W range

ETF.net Grade

Pillar letters and Scores for SUSA, USCA, with each pillar’s weight
Pillar	SUSA	USCA
Cost30% weight	B66	A97Higher
Mission25% weight	A100Higher	A91
Risk15% weight	B56Higher	C54
Tradability15% weight	C50	B61Higher
Holdings10% weight	B56Higher	D29
Durability5% weight	A74Higher	C49

Rank among US Factor Index funds

How we build Categories ›

Same Category. SUSA 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 SUSA 5th 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
Rank 5ASUSAiShares ESG Optimized MSCI USA ETFScore 69
Rank 6BDGRWWisdomTree U.S. Quality Dividend Growth FundScore 68

Our read on each fund

ETF.net Research

SUSAAiShares ESG Optimized MSCI USA ETF

USCAAXtrackers MSCI USA Climate Action Equity ETF

In short

SUSA One of the original US ESG funds, running since 2005. Its index is sector-neutral, so the screening happens inside each sector instead of turning into one giant bet against energy.

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

SUSA The fund seeks to track a sector-neutral index of U.S. large- and mid-cap companies with positive aggregate ESG ratings and extensive screens for controversial activities.

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

SUSA Sector-neutral construction: sector weights stay near the broad US market, so the ESG work shows up in which companies are held, not in a lopsided tilt away from energy or utilities.ishares.com
Trading since January 2005, one of the longest-running ESG equity ETFs in the US, and today a multi-billion-dollar fund rather than a launch-week experiment.
0.25% a year undercuts the typical fund in its factor peer group, and the portfolio hews closely to the MSCI USA Extended ESG Select Index it advertises.
Large- and mid-cap US names, roughly 190 of them, with cash paid out quarterly. A core-shaped equity sleeve, not a thematic sliver.

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

SUSA Cheaper peers sit on the same shelf: Xtrackers' USCA at 0.07% and iShares' own SIZE at 0.15%. The extended controversy screens and long history are what the extra costs buy.
It trades lightly next to mega-cap index funds, so spreads can widen in fast markets. Limit orders are the standard fix.
Screens for controversial activities keep some familiar large caps out, so results can drift from a plain US market index in either direction.

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 SUSA profile⁠

Full USCA profile⁠

SUSA vs USCA Holdings

How SUSA and USCA differ

Overlap by weight

56.6%

Shared holdings make up 90.8% of SUSA and 67.9% of USCA.

Level by level

Holdings169 in both56.6%
Sector11 Sectors88.4%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in SUSA and USCA, widest gap first
Sector	More in SUSAMore in USCA	SUSA	USCA
Communication	USCA +5.7 points	5.9%	11.6%
Financials	SUSA +3.7 points	12.7%	9.0%
Consumer Discretionary	USCA +3.2 points	6.2%	9.4%
Industrials	SUSA +3.1 points	9.3%	6.2%
Technology	USCA +2.5 points	40.9%	43.4%
Energy	SUSA +1.4 points	3.3%	1.9%
Materials	SUSA +1.4 points	2.8%	1.4%
Real Estate	SUSA +1.0 points	2.7%	1.7%
Consumer Staples	SUSA +0.9 points	4.7%	3.8%
Health Care	SUSA +0.2 points	10.3%	10.1%
Utilities	USCA +0.2 points	1.3%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in SUSA and USCA, widest gap first
Country	More in SUSAMore in USCA	SUSA	USCA
United States	SUSA +0.2 points	99.5%	99.3%
Brazil	SUSA +0.2 points	0.3%	0.1%
Switzerland	USCA +0.2 points	0.0%	0.2%
China	SUSA +0.1 points	0.2%	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

SUSA31.3%
USCA44.6%

Securities held

SUSA203
USCA391

Asset class

SUSA: Equity
USCA: Equity

Holdings

Only in SUSA34
In both169
Only in USCA222

Only in SUSA

34 securities, 9.1% of SUSA by weight

Cheniere Energy0.86%
Steris0.67%
Targa Resources0.64%
Crh Public Limited PLC0.59%
Texas Instrument0.52%
Linde PLC0.47%
Elevance Health Inc0.45%
Accenture PLC Class A0.39%
Quest Diagnostics Inc0.37%
Caseys General Stores Inc0.36%
Valero Energy Corp0.32%
Johnson Controls International PLC0.30%
Crown Castle Inc0.27%
Raymond James0.24%
Nxp Semiconductors NV0.21%
Sandisk0.21%
Eaton PLC0.20%
Mongodb Class A0.17%
Synchrony Financial0.16%
Slb0.16%
Royal Caribbean Group0.15%
Verisign0.15%
Axon Enterprise0.13%
Sunbelt Rentals Holdings Inc0.13%
Genuine Parts0.13%
Royalty Pharma PLC Class A0.12%
Ball Corp0.11%
Insmed0.10%
Tjx0.10%
Heico Class A0.09%
Alnylam Pharmaceuticals0.08%
Applovin Class A0.08%
Rocket Lab Corp0.07%
Curtiss Wright0.07%

Only in USCA

222 securities, 31.7% of USCA by weight

Amazon.com Inc4.36%
Meta Platform Inc Class A2.53%
JPMorgan Chase & Co1.26%
Johnson & Johnson1.23%
Wal-Mart Stores Inc1.01%
AbbVie Inc0.98%
Palantir Technologies Inc Class A0.75%
Exxonmobil Hldgs Corp Npv0.73%
UnitedHealth Group Inc0.69%
Bank of America Corp0.46%
2226792D0.44%
Chevron Corp0.41%
Goldman Sachs Group Inc0.37%
Pepsico0.35%
McDonald's Corp0.34%
Pfizer Inc0.33%
NextEra Energy Inc0.32%
Accenture Ltd-Cl A0.29%
Charles Schwab Corp0.27%
Walt Disney Co0.27%
Eaton Corp PLC0.27%
Abbott Laboratories0.26%
Wells Fargo & Co0.24%
Starbucks Corp0.22%
Uber Technologies Inc0.22%
Intuitive Surgical Inc0.21%
Cme Group Inc0.20%
Citigroup Inc0.20%
CSX Corp0.18%
Chubb Ltd Npv0.18%
Medtronic plc0.18%
ConocoPhillips0.18%
Waste Management Inc0.17%
Emerson Electric Co0.17%
Anthem Inc0.17%
Capital One Financial Corp0.17%
Johnson Controls International PLC0.17%
Blackstone Group Inc0.16%
CVS Health Corp0.16%
Marriott International Inc0.16%
McKesson Corp0.16%
Vertiv Holdings Co0.16%
Mondelez International Inc-A0.15%
Constellation Energy Corp0.15%
Schlumberger Ltd0.15%
T-Mobile US Inc0.14%
Norfolk Southern Corp0.14%
Sherwin-Williams Co0.14%
Cintas Corp0.14%
Colgate-Palmolive0.14%

Weight gaps

The 100 widest of 169 Holdings in both funds.

Holding weights in SUSA and USCA, widest gap first
Holding	More in SUSAMore in USCA	SUSA	USCA
AppleAAPL	USCA +2.56 points	6.93%	9.49%
MicrosoftMSFT	USCA +2.28 points	4.62%	6.90%
NVIDIANVDA	USCA +1.98 points	6.84%	8.82%
Alphabet Class AGOOGL	USCA +1.63 points	1.45%	3.08%
Hartford Insurance GroupHIG	SUSA +1.26 points	1.31%	0.05%
Micron TechnologyMU	SUSA +1.03 points	1.50%	0.47%
EcolabECL	SUSA +0.92 points	1.06%	0.14%
Bank of New York Mellon CorpBNY	SUSA +0.89 points	1.03%	0.14%
Morgan StanleyMS	SUSA +0.81 points	1.12%	0.31%
Prudential Financial IncPRU	SUSA +0.63 points	0.67%	0.04%
Equinix ReitEQIX	SUSA +0.56 points	0.70%	0.14%
NisourceNI	SUSA +0.55 points	0.59%	0.04%
Cummins IncCMI	SUSA +0.55 points	0.65%	0.10%
Gilead SciencesGILD	SUSA +0.50 points	0.90%	0.40%
Ww Grainger IncGWW	SUSA +0.50 points	0.56%	0.06%
OneokOKE	SUSA +0.50 points	0.61%	0.11%
Kimberly ClarkKMB	SUSA +0.49 points	0.56%	0.07%
Home DepotHD	SUSA +0.46 points	1.08%	0.62%
Lowes Companies IncLOW	SUSA +0.46 points	0.57%	0.11%
S&P GlobalSPGI	SUSA +0.45 points	0.72%	0.27%
Expeditors International of WashinEXPD	SUSA +0.44 points	0.49%	0.05%
Edwards LifesciencesEW	SUSA +0.43 points	0.53%	0.10%
Trane Technologies PLCTT	SUSA +0.43 points	0.60%	0.17%
ProgressivePGR	SUSA +0.43 points	0.56%	0.13%
AutodeskADSK	SUSA +0.41 points	0.51%	0.10%
American ExpressAXP	SUSA +0.41 points	0.73%	0.32%
Baker Hughes Class ABKR	SUSA +0.40 points	0.50%	0.10%
Idexx LaboratoriesIDXX	SUSA +0.40 points	0.48%	0.08%
Eli LillyLLY	USCA +0.40 points	1.73%	2.13%
Mettler ToledoMTD	SUSA +0.39 points	0.46%	0.07%
Pnc Financial Services GroupPNC	SUSA +0.39 points	0.43%	0.04%
Automatic Data Processing IncADP	SUSA +0.38 points	0.60%	0.22%
3MMMM	SUSA +0.38 points	0.55%	0.17%
Tesla IncTSLA	USCA +0.37 points	1.77%	2.14%
Broadcom IncAVGO	USCA +0.37 points	2.39%	2.76%
State StreetSTT	SUSA +0.36 points	0.40%	0.04%
Digital Realty Trust ReitDLR	SUSA +0.35 points	0.45%	0.10%
Thermo Fisher ScientificTMO	USCA +0.35 points	0.13%	0.48%
Travelers CompaniesTRV	SUSA +0.35 points	0.43%	0.08%
VeraltoVLTO	SUSA +0.35 points	0.40%	0.05%
Costco Wholesale CorpCOST	SUSA +0.34 points	0.76%	0.42%
Exelon CorpEXC	SUSA +0.33 points	0.42%	0.09%
SalesforceCRM	SUSA +0.34 points	0.68%	0.34%
ServicenowNOW	SUSA +0.33 points	0.53%	0.20%
Lam ResearchLRCX	SUSA +0.32 points	0.74%	0.42%
Technipfmc PLCFTI	SUSA +0.32 points	0.37%	0.05%
StrykerSYK	SUSA +0.32 points	0.41%	0.09%
Hilton Worldwide HoldingsHLT	SUSA +0.31 points	0.46%	0.15%
International Business Machines CoIBM	SUSA +0.30 points	0.64%	0.34%
General Mills IncGIS	SUSA +0.30 points	0.33%	0.03%
Eversource EnergyES	SUSA +0.29 points	0.34%	0.05%
Applied Material IncAMAT	SUSA +0.28 points	0.72%	0.44%
Keysight TechnologiesKEYS	SUSA +0.28 points	0.38%	0.10%
Us BancorpUSB	SUSA +0.28 points	0.36%	0.09%
Jacobs Solutions IncJ	SUSA +0.28 points	0.31%	0.03%
Verizon Communications IncVZ	SUSA +0.27 points	0.62%	0.35%
Xylem IncXYL	SUSA +0.27 points	0.31%	0.04%
Williams Sonoma IncWSM	SUSA +0.26 points	0.32%	0.06%
Church and Dwight IncCHD	SUSA +0.26 points	0.31%	0.05%
Zoetis Inc Class AZTS	SUSA +0.27 points	0.33%	0.06%
Cboe Global MarketsCBOE	SUSA +0.25 points	0.32%	0.07%
Tractor SupplyTSCO	SUSA +0.26 points	0.28%	0.02%
Veeva Systems Class AVEEV	SUSA +0.25 points	0.34%	0.09%
KlaKLAC	USCA +0.25 points	0.14%	0.39%
Agilent Technologies IncA	SUSA +0.25 points	0.34%	0.09%
Moodys CorpMCO	SUSA +0.24 points	0.38%	0.14%
Howmet AerospaceHWM	SUSA +0.25 points	0.32%	0.07%
Cbre Group Class ACBRE	SUSA +0.24 points	0.29%	0.05%
American Tower ReitAMT	SUSA +0.24 points	0.40%	0.16%
Cadence Design SystemsCDNS	SUSA +0.23 points	0.40%	0.17%
Waters CorpWAT	SUSA +0.23 points	0.31%	0.08%
Palo Alto NetworksPANW	SUSA +0.22 points	0.78%	0.56%
Intel CorporationINTC	SUSA +0.22 points	0.49%	0.27%
Ge AerospaceGE	SUSA +0.22 points	0.66%	0.44%
SynopsysSNPS	SUSA +0.21 points	0.37%	0.16%
Twilio Class ATWLO	SUSA +0.22 points	0.27%	0.05%
Ge VernovaGEV	SUSA +0.21 points	0.43%	0.22%
Alphabet Class CGOOG	SUSA +0.21 points	2.65%	2.44%
West Pharmaceutical ServicesWST	SUSA +0.21 points	0.25%	0.04%
Adobe IncADBE	SUSA +0.20 points	0.39%	0.19%
Bunge Global SABG	SUSA +0.20 points	0.22%	0.02%
Okta Class AOKTA	SUSA +0.20 points	0.27%	0.07%
Delta Air LinesDAL	SUSA +0.19 points	0.21%	0.02%
Broadridge Financial Solutions IncBR	SUSA +0.19 points	0.23%	0.04%
MetlifeMET	SUSA +0.19 points	0.24%	0.05%
Nasdaq IncNDAQ	SUSA +0.18 points	0.27%	0.09%
F5FFIV	SUSA +0.18 points	0.22%	0.04%
Cloudflare Class ANET	SUSA +0.18 points	0.34%	0.16%
Netapp IncNTAP	SUSA +0.17 points	0.23%	0.06%
Labcorp HoldingsLH	SUSA +0.16 points	0.22%	0.06%
Hewlett Packard EnterpriseHPE	SUSA +0.16 points	0.26%	0.10%
Ferguson EnterprisesFERG	SUSA +0.16 points	0.18%	0.02%
Vertex PharmaceuticalsVRTX	SUSA +0.16 points	0.42%	0.26%
Western Digital CorpWDC	SUSA +0.15 points	0.33%	0.18%
Arch Capital GroupACGL	SUSA +0.15 points	0.20%	0.05%
Chipotle Mexican GrillCMG	SUSA +0.15 points	0.23%	0.08%
Kraft HeinzKHC	SUSA +0.15 points	0.18%	0.03%
SyscoSYY	SUSA +0.15 points	0.21%	0.06%
Merck & Co IncMRK	USCA +0.15 points	0.54%	0.69%
Deckers OutdoorDECK	SUSA +0.15 points	0.17%	0.02%

All 203 SUSA 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.

SUSA vs USCA Cost

Overpaying SUSA vs USCA

$3,679

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

SUSA 0.25%
$5,159
USCA 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

SUSA 0.25%
USCA 0.07%
Overpaying

Year by year

Year	SUSA	USCA	Overpaying
10	$455	$128	$327
20	$1,769	$503	$1,266
30	$5,159	$1,480	$3,679

Expense ratio

0.25%SUSA
0.07%USCA, cheaper

USCA0.07%SUSA0.25%

0.05%0.63%

Middle half of US Factor Index funds
Median 0.30%

USCA 2nd cheapest of 30 funds

SUSA 10th cheapest of 30 funds

SUSA vs USCA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SUSA 0.84%; USCA 1.06%, better
Payout (12M): SUSA $1.30; USCA $0.47
Last payment: SUSA $0.34; USCA $0.10
Ex-dividend: SUSA Sep 15, 2026; USCA Sep 18, 2026
Paid on: SUSA Sep 18, 2026; USCA Sep 25, 2026
Frequency: SUSA Quarterly; USCA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SUSAQuarterly · 39 paymentsAll SUSA payments⁠

USCAQuarterly · 15 paymentsAll USCA payments⁠

SUSA vs USCA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SUSA 12.9%USCA 12.5%, better
Return per unit of riskSharpe ratio, 3 years: SUSA 1.31, betterUSCA 1.27
Worst fallMax drawdown, 5 years: SUSA −28.2%USCA −19.2%since Apr 2023
Market sensitivityBeta, 5 years: SUSA 1.06USCA 1.00; Market = 1

SUSA and USCA in the news

All news⁠

ETF Filings
iShares files for a screened MSCI USA ETF that omits ESG from the name
Sep 4, 2026SUSA

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SUSA vs USCA

In short

Stated mandate

Why people hold it

Worth knowing

How SUSA and USCA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SUSA

Only in USCA

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

iShares files for a screened MSCI USA ETF that omits ESG from the name

How SUSA and USCA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SUSA

Only in USCA

Weight gaps