SUSL vs USCL: Grades, Fees and Holdings Compared

iShares ESG MSCI USA Leaders ETF

SUSLANasdaq

iShares Climate Conscious & Transition MSCI USA ETF

USCLANasdaq

Overlap

57.4%by weight

Expense ratio

USCL −0.02pt a year

SUSL0.10%USCL0.08%

Avg volume · 30D

SUSL 1.7×the volume

SUSL21.9KUSCL13.1K

3Y return · a year

SUSL +2.1pt

SUSL+22.2%USCL+20.1%

SUSL vs USCL Performance

Oct 31, 2025 – Nov 2, 2026

+11.7%SUSL+6.7%USCL

Expense ratio: SUSL 0.10%; USCL 0.08%, better
Fund size: SUSL $1.2B; USCL $2.77B
1Y total return: SUSL +11.7%, better; USCL +6.7%
Yield (12M): SUSL 0.94%; USCL 1.07%, better
Holdings: SUSL 253; USCL 394
Avg volume (30D): SUSL 21.9K sh, better; USCL 13.1K sh
NAV per share: SUSL $134.38; USCL $85.14
52W range

ETF.net Grade

Pillar letters and Scores for SUSL, USCL, with each pillar’s weight
Pillar	SUSL	USCL
Cost30% weight	A86	A99Higher
Mission25% weight	A96	Not scored
Risk15% weight	C46	C52Higher
Tradability15% weight	A73Higher	A70
Holdings10% weight	D28	D35Higher
Durability5% weight	A72Higher	A70

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. SUSL 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 ›

SUSL ranks 5th and USCL 8th of 47 funds in the US ESG & Values Index Category.

Rank 5ADFSUDimensional US Sustainability Core 1 ETFScore 74
Rank 5ASUSLiShares ESG MSCI USA Leaders ETFScore 74
Rank 5AXVViShares ESG Select Screened S&P 500 ETFScore 74
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

Our read on each fund

ETF.net Research

SUSLAiShares ESG MSCI USA Leaders ETF

USCLAiShares Climate Conscious & Transition MSCI USA ETF

In short

SUSL ESG with a tighter filter: roughly 300 U.S. large and mid caps that out-score their own sector rivals on ESG, wrapped in an iShares index fund charging one tenth of one percent 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

SUSL The fund tracks an index of U.S. large- and mid-cap companies selected for high ESG characteristics relative to sector peers, providing exposure to higher ESG-rated companies across sectors.

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

SUSL 0.10% a year, well under half the typical fee among U.S. ESG stock funds. Strict screening at plain-index pricing.
Best-in-class build: names are picked for ESG strength against their own sector peers, so the fund keeps broad sector shape instead of dropping whole industries.ishares.com
Sits in the upper half of its ESG cohort, and the portfolio hews tightly to the strict mandate on the tin rather than drifting toward the plain market.

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

SUSL Thinly traded next to the headline ESG funds, so spreads can run wider. Order size and timing matter more here.
Sector-relative scoring means no industry is barred outright: an energy or mining name can qualify by out-scoring its own peers.
A few peers undercut the fee, including XVV at 0.08% and ESGV at 0.09%.

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 SUSL profile⁠

Full USCL profile⁠

SUSL vs USCL Holdings

How SUSL and USCL differ

Overlap by weight

57.4%

Shared holdings make up 95.8% of SUSL and 57.4% of USCL.

Level by level

Holdings215 in both57.4%
Sector11 Sectors93.6%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in SUSL and USCL, widest gap first
Sector	More in SUSLMore in USCL	SUSL	USCL
Technology	USCL +4.8 points	37.0%	41.8%
Financials	SUSL +1.9 points	11.5%	9.6%
Industrials	SUSL +1.3 points	8.1%	6.8%
Consumer Staples	SUSL +1.3 points	5.5%	4.2%
Health Care	SUSL +0.9 points	11.5%	10.6%
Consumer Discretionary	USCL +0.9 points	8.8%	9.7%
Utilities	USCL +0.7 points	0.9%	1.6%
Materials	SUSL +0.5 points	2.1%	1.6%
Real Estate	SUSL +0.3 points	2.0%	1.7%
Communication	USCL +0.1 points	10.4%	10.5%
Energy	Same weight	2.1%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in SUSL and USCL, widest gap first
Country	More in SUSLMore in USCL	SUSL	USCL
United States	SUSL +0.3 points	99.6%	99.3%
Switzerland	USCL +0.1 points	0.1%	0.2%
Brazil	SUSL +0.1 points	0.2%	0.1%
China	USCL +0.1 points	0.0%	0.1%
Ireland	SUSL +0.1 points	0.1%	0.0%
Mexico	USCL +0.1 points	0.0%	0.1%
Canada	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

SUSL47.8%
USCL44.8%

Securities held

SUSL250
USCL391

Asset class

SUSL: Equity
USCL: Equity

Holdings

Only in SUSL35
In both215
Only in USCL176

Only in SUSL

35 securities, 4.2% of SUSL by weight

Tjx0.45%
Marathon Petroleum0.38%
Valero Energy Corp0.35%
Phillips 660.33%
Royal Caribbean Group0.23%
Cheniere Energy0.20%
Targa Resources0.19%
Autozone0.15%
Carvana Class A0.13%
Crown Castle Inc0.11%
D R Horton0.11%
Kroger0.11%
Axon Enterprise0.10%
Emcor Group0.09%
Dollar General Corp0.09%
Atmos Energy0.08%
Quest Diagnostics Inc0.08%
Raymond James0.08%
Royalty Pharma PLC Class A0.08%
Ares Management Class A0.08%
Synchrony Financial0.07%
Darden Restaurants Inc0.07%
Pultegroup0.07%
Edison International0.07%
Steris0.06%
Alnylam Pharmaceuticals0.06%
Cms Energy0.06%
Incyte Corp0.06%
Genuine Parts0.05%
Fair Isaac0.05%
Nvr0.04%
Burlington Stores0.04%
Cooper0.03%
Fox Class B0.02%
Hologic Inc0.00%

Only in USCL

176 securities, 42.6% of USCL by weight

Apple9.51%
Amazon.com Inc4.37%
Broadcom Inc2.77%
Meta Platforms Class A2.54%
JPMorgan Chase & Co1.26%
Walmart1.02%
AbbVie0.98%
Cisco Systems Inc0.77%
Palantir Technologies Class A0.75%
Exxonmobil Holdings Corp0.73%
UnitedHealth Group0.69%
Thermo Fisher Scientific0.49%
Netflix0.49%
Micron Technology0.47%
Bank of America0.46%
Chevron0.41%
Kla0.39%
Goldman Sachs Group0.37%
Arista Networks0.34%
Nextera Energy0.33%
Pfizer0.33%
Qualcomm0.33%
Oracle0.32%
Intel Corporation0.27%
Abbott Laboratories0.26%
Wells Fargo0.24%
Starbucks Corp0.22%
Uber Technologies0.22%
Intuitive Surgical0.22%
Cme Group Class A0.21%
Citigroup0.20%
Snowflake0.19%
Amphenol Corp Class A0.18%
Chubb0.18%
Dell Technologies Inc Class C0.18%
Conocophillips0.18%
Waste Management Inc0.18%
Medtronic PLC0.17%
Emerson Electric0.17%
Blackstone0.17%
Cloudflare Class A0.17%
Mckesson Corp0.16%
Marriott International Class A0.16%
Cvs Health0.16%
Vertiv Holdings Class A0.16%
Fortinet0.16%
Parker-Hannifin0.16%
Mondelez International Class A0.16%
Constellation Energy Corp0.15%
Norfolk Southern Corp0.14%

Weight gaps

The 100 widest of 215 Holdings in both funds.

Holding weights in SUSL and USCL, widest gap first
Holding	More in SUSLMore in USCL	SUSL	USCL
NVIDIANVDA	SUSL +4.96 points	13.80%	8.84%
MicrosoftMSFT	SUSL +3.88 points	10.80%	6.92%
Alphabet Class AGOOGL	SUSL +1.73 points	4.82%	3.08%
Alphabet Class CGOOG	SUSL +1.37 points	3.81%	2.44%
Tesla IncTSLA	SUSL +1.20 points	3.35%	2.15%
Eli LillyLLY	SUSL +1.20 points	3.33%	2.13%
Costco Wholesale CorpCOST	SUSL +0.90 points	1.32%	0.42%
Advanced Micro DevicesAMD	SUSL +0.86 points	2.41%	1.55%
Visa Class AV	SUSL +0.72 points	2.01%	1.29%
Johnson & JohnsonJNJ	SUSL +0.69 points	1.93%	1.24%
Mastercard Class AMA	SUSL +0.55 points	1.52%	0.97%
Ge AerospaceGE	SUSL +0.48 points	0.92%	0.44%
Applied Material IncAMAT	SUSL +0.47 points	0.91%	0.44%
Ge VernovaGEV	SUSL +0.46 points	0.68%	0.22%
Lam ResearchLRCX	SUSL +0.46 points	0.88%	0.42%
Caterpillar IncCAT	SUSL +0.44 points	0.84%	0.40%
Procter & GamblePG	SUSL +0.39 points	1.10%	0.71%
Merck & Co IncMRK	SUSL +0.39 points	1.08%	0.69%
Coca-ColaKO	SUSL +0.39 points	1.07%	0.68%
International Business Machines CoIBM	SUSL +0.37 points	0.71%	0.34%
Home DepotHD	SUSL +0.34 points	0.96%	0.62%
Morgan StanleyMS	SUSL +0.33 points	0.64%	0.31%
Palo Alto NetworksPANW	SUSL +0.31 points	0.87%	0.56%
Walt DisneyDIS	SUSL +0.30 points	0.57%	0.27%
ProgressivePGR	SUSL +0.27 points	0.40%	0.13%
Amgen IncAMGN	SUSL +0.27 points	0.74%	0.47%
Linde PLCLIN	SUSL +0.25 points	0.70%	0.45%
Lowes Companies IncLOW	SUSL +0.23 points	0.34%	0.11%
Gilead SciencesGILD	SUSL +0.22 points	0.62%	0.40%
Pnc Financial Services GroupPNC	SUSL +0.23 points	0.27%	0.04%
Seagate Technology Holdings PLCSTX	SUSL +0.22 points	0.42%	0.20%
Analog DevicesADI	SUSL +0.22 points	0.60%	0.38%
StrykerSYK	SUSL +0.21 points	0.30%	0.09%
PepsicoPEP	SUSL +0.20 points	0.55%	0.35%
Verizon Communications IncVZ	SUSL +0.20 points	0.55%	0.35%
Mcdonalds CorpMCD	SUSL +0.19 points	0.54%	0.35%
SalesforceCRM	SUSL +0.20 points	0.54%	0.34%
Western Digital CorpWDC	SUSL +0.19 points	0.37%	0.18%
Union PacificUNP	SUSL +0.19 points	0.53%	0.34%
Us BancorpUSB	SUSL +0.18 points	0.27%	0.09%
Capital One Financial CorpCOF	SUSL +0.18 points	0.35%	0.17%
American ExpressAXP	SUSL +0.18 points	0.50%	0.32%
BlackRockBLK	SUSL +0.17 points	0.49%	0.32%
Marvell TechnologyMRVL	SUSL +0.17 points	0.49%	0.32%
WelltowerWELL	SUSL +0.18 points	0.49%	0.31%
DeereDE	SUSL +0.17 points	0.48%	0.31%
Accenture PLC Class AACN	SUSL +0.16 points	0.46%	0.30%
Travelers CompaniesTRV	SUSL +0.16 points	0.24%	0.08%
CignaCI	SUSL +0.16 points	0.23%	0.07%
AT&TT	SUSL +0.16 points	0.44%	0.28%
DanaherDHR	SUSL +0.15 points	0.43%	0.28%
Equinix ReitEQIX	SUSL +0.15 points	0.29%	0.14%
Charles SchwabSCHW	SUSL +0.16 points	0.43%	0.27%
Eaton PLCETN	SUSL +0.15 points	0.42%	0.27%
Bank of New York Mellon CorpBNY	SUSL +0.15 points	0.29%	0.14%
Vertex PharmaceuticalsVRTX	SUSL +0.15 points	0.42%	0.27%
S&P GlobalSPGI	SUSL +0.15 points	0.41%	0.27%
Truist FinancialTFC	SUSL +0.14 points	0.17%	0.03%
Oreilly Automotive IncORLY	SUSL +0.14 points	0.21%	0.07%
Ross Stores IncROST	SUSL +0.14 points	0.21%	0.07%
Bristol Myers SquibbBMY	SUSL +0.13 points	0.37%	0.24%
Allstate CorpALL	SUSL +0.13 points	0.20%	0.07%
Comcast Class ACMCSA	SUSL +0.12 points	0.24%	0.12%
Prologis ReitPLD	SUSL +0.13 points	0.35%	0.22%
Automatic Data Processing IncADP	SUSL +0.12 points	0.34%	0.22%
Fifth Third BancorpFITB	SUSL +0.12 points	0.14%	0.02%
Booking HoldingsBKNG	SUSL +0.12 points	0.34%	0.22%
NewmontNEM	SUSL +0.12 points	0.33%	0.21%
Ww Grainger IncGWW	SUSL +0.11 points	0.17%	0.06%
Ferguson EnterprisesFERG	SUSL +0.12 points	0.14%	0.02%
ServicenowNOW	SUSL +0.12 points	0.32%	0.20%
Hewlett Packard EnterpriseHPE	SUSL +0.11 points	0.21%	0.10%
MetlifeMET	SUSL +0.11 points	0.16%	0.05%
Target CorpTGT	SUSL +0.11 points	0.21%	0.10%
Cummins IncCMI	SUSL +0.10 points	0.20%	0.10%
Adobe IncADBE	SUSL +0.10 points	0.29%	0.19%
CsxCSX	SUSL +0.10 points	0.28%	0.18%
Digital Realty Trust ReitDLR	SUSL +0.11 points	0.20%	0.09%
MarshMRSH	SUSL +0.10 points	0.28%	0.18%
Intercontinental Exchange IncICE	SUSL +0.10 points	0.28%	0.18%
Quanta Services IncPWR	SUSL +0.10 points	0.27%	0.17%
IntuitINTU	SUSL +0.09 points	0.27%	0.18%
Johnson Controls International PLCJCI	SUSL +0.10 points	0.27%	0.17%
Trane Technologies PLCTT	SUSL +0.10 points	0.27%	0.17%
3MMMM	SUSL +0.10 points	0.27%	0.17%
Elevance Health IncELV	SUSL +0.10 points	0.27%	0.17%
Cadence Design SystemsCDNS	SUSL +0.10 points	0.27%	0.17%
CencoraCOR	SUSL +0.09 points	0.18%	0.09%
State StreetSTT	SUSL +0.10 points	0.14%	0.04%
NucorNUE	SUSL +0.09 points	0.18%	0.09%
American Tower ReitAMT	SUSL +0.10 points	0.26%	0.16%
Carnival Corp LtdCCL	SUSL +0.09 points	0.11%	0.02%
SynopsysSNPS	SUSL +0.09 points	0.25%	0.16%
Ameriprise Finance IncAMP	SUSL +0.09 points	0.13%	0.04%
SempraSRE	SUSL +0.09 points	0.17%	0.08%
Hilton Worldwide HoldingsHLT	SUSL +0.09 points	0.24%	0.15%
SlbSLB	SUSL +0.09 points	0.24%	0.15%
Prudential Financial IncPRU	SUSL +0.08 points	0.12%	0.04%
EcolabECL	SUSL +0.09 points	0.23%	0.14%
MercadolibreMELI	SUSL +0.08 points	0.22%	0.14%

All 250 SUSL 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.

SUSL vs USCL Cost

Overpaying SUSL vs USCL

$417

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

SUSL 0.10%
$2,106
USCL 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

SUSL 0.10%
USCL 0.08%
Overpaying

Year by year

Year	SUSL	USCL	Overpaying
10	$183	$147	$36
20	$717	$575	$142
30	$2,106	$1,689	$417

Expense ratio

0.10%SUSL
0.08%USCL, cheaper

USCL0.08%SUSL0.10%

0.08%0.95%

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

USCL cheapest of 47 funds

SUSL 7th cheapest of 47 funds

SUSL vs USCL Dividends

Last 12 months to Nov 2, 2026

Yield (12M): SUSL 0.94%; USCL 1.07%, better
Payout (12M): SUSL $1.26; USCL $0.91
Last payment: SUSL $0.33; USCL $0.20
Ex-dividend: SUSL Sep 15, 2026; USCL Sep 15, 2026
Paid on: SUSL Sep 18, 2026; USCL Sep 18, 2026
Frequency: SUSL Quarterly; USCL Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

SUSLQuarterly · 31 paymentsAll SUSL payments⁠

USCLQuarterly · 13 paymentsAll USCL payments⁠

SUSL vs USCL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SUSL 13.7%USCL 12.5%, better
Return per unit of riskSharpe ratio, 3 years: SUSL 1.30, betterUSCL 1.28
Worst fallMax drawdown, 5 years: SUSL −27.0%USCL −19.0%since Jun 2023
Market sensitivityBeta, 5 years: SUSL 1.05USCL 1.01; Market = 1

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