USCL vs WCEO: Grades, Fees and Holdings Compared

iShares Climate Conscious & Transition MSCI USA ETF

USCLANasdaq

Hypatia Women CEO ETF

WCEODNYSE Arca

Overlap

5.0%by weight

Expense ratio

USCL −0.77pt a year

USCL0.08%WCEO0.85%

Avg volume · 30D

USCL 5.0×the volume

USCL13.1KWCEO2.63K

3Y return · a year

USCL +2.4pt

USCL+21.5%WCEO+19.1%

USCL vs WCEO Performance

Oct 31, 2025 – Oct 30, 2026

+7.3%USCL+20.5%WCEO

Expense ratio: USCL 0.08%, better; WCEO 0.85%
Fund size: USCL $2.77B; WCEO $14M
1Y total return: USCL +7.3%; WCEO +20.5%, better
Yield (12M): USCL 1.06%, better; WCEO 0.54%
Holdings: USCL 394; WCEO 159
Avg volume (30D): USCL 13.1K sh, better; WCEO 2.63K sh
NAV per share: USCL $85.14; WCEO $38.91
52W range

ETF.net Grade

Pillar letters and Scores for USCL, WCEO, with each pillar’s weight
Pillar	USCL	WCEO
Cost30% weight	A99Higher	F2
Mission25% weight	Not scored	Not scored
Risk15% weight	C52Higher	C47
Tradability15% weight	A70Higher	C41
Holdings10% weight	D36	A75Higher
Durability5% weight	A70Higher	F5

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. USCL and WCEO 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 ›

USCL ranks 8th and WCEO 45th of 47 funds in the US ESG & Values Index Category.

Rank 8AEVUSiShares ESG Aware MSCI USA Value ETFScore 73
Rank 8AUSCLiShares Climate Conscious & Transition MSCI USA ETFScore 73
Rank 10AESGVVanguard ESG U.S. Stock ETFScore 72
Rank 44DWOMNImpact Shares YWCA Women's Empowerment ETFScore 36
Rank 45DWCEOHypatia Women CEO ETFScore 28
Rank 46DVEGNUS Vegan Climate ETFScore 26

Our read on each fund

ETF.net Research

USCLAiShares Climate Conscious & Transition MSCI USA ETF

WCEODHypatia Women CEO ETF

In short

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.

WCEO Most values-screened funds filter a broad index and call it a day. WCEO runs one blunt test at the top of the org chart: is the CEO a woman? Actively managed since 2023, built around Hypatia's own women-CEO index.

Stated mandate

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.

WCEO The Fund is actively managed and does not seek to replicate the performance of a specified index.

Why people hold it

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.

WCEO One rule, plainly stated: at least 80% of net assets in US companies led by a female CEO. The underlying index sets a $500 million market-cap floor.wceoetf.com
Up to 20% can go to companies with a female executive chairperson or chairperson, so the mandate reaches past the CEO title alone.wceoetf.com
Actively managed rather than index-replicating, so it can also hold female-led US companies of any size, not just the index members.wceoetf.com

Worth knowing

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.

WCEO At 0.85% a year it costs several times the typical fund in its screened-equity peer group, where broad index options like ESGV and XVV charge under 0.10%.
Small and thinly traded next to its peer group, which tends to mean wider bid-ask spreads and thinner quotes around the open and close.
The screen tracks who holds the corner office, so a CEO change can move a name in or out. Sector mix is a by-product of that, not a target.wceoetf.com

Full USCL profile⁠

Full WCEO profile⁠

USCL vs WCEO Holdings

How USCL and WCEO differ

Overlap by weight

5.0%

Shared holdings make up 26.0% of WCEO and 5.7% of USCL.

Level by level

Holdings41 in both5.0%
Sector11 Sectors67.3%
Countryby domicile98.8%
Asset classEquity100%

Sector

Sector weights in USCL and WCEO, widest gap first
Sector	More in USCLMore in WCEO	USCL	WCEO
Technology	USCL +25.5 points	41.8%	16.3%
Industrials	WCEO +8.1 points	6.8%	14.9%
Financials	WCEO +7.8 points	9.6%	17.4%
Communication	USCL +7.0 points	10.5%	3.5%
Consumer Discretionary	WCEO +4.5 points	9.7%	14.2%
Real Estate	WCEO +4.4 points	1.7%	6.1%
Energy	WCEO +3.6 points	2.1%	5.7%
Materials	WCEO +3.1 points	1.6%	4.7%
Consumer Staples	WCEO +0.8 points	4.2%	5.0%
Health Care	USCL +0.3 points	10.6%	10.3%
Utilities	WCEO +0.3 points	1.6%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in USCL and WCEO, widest gap first
Country	More in USCLMore in WCEO	USCL	WCEO
Mexico	WCEO +0.8 points	0.1%	0.9%
United States	USCL +0.6 points	99.3%	98.7%
Other countries (6)	USCL +0.1 points	0.6%	0.5%

Concentration

Weight in the 10 largest Holdings

USCL44.8%
WCEO14.7%

Securities held

USCL391
WCEO158

Asset class

USCL: Equity
WCEO: Equity

Holdings

Only in USCL350
In both41
Only in WCEO117

Only in USCL

350 securities, 94.2% of USCL by weight

Apple9.51%
NVIDIA8.84%
Microsoft6.92%
Amazon.com Inc4.37%
Alphabet Class A3.08%
Broadcom Inc2.77%
Meta Platforms Class A2.54%
Alphabet Class C2.44%
Tesla Inc2.15%
Eli Lilly2.13%
Visa Class A1.29%
JPMorgan Chase & Co1.26%
Johnson & Johnson1.24%
Walmart1.02%
AbbVie0.98%
Mastercard Class A0.97%
Cisco Systems Inc0.77%
Palantir Technologies Class A0.75%
Exxonmobil Holdings Corp0.73%
Procter & Gamble0.71%
UnitedHealth Group0.69%
Merck & Co Inc0.69%
Coca-Cola0.68%
Home Depot0.62%
Palo Alto Networks0.56%
Thermo Fisher Scientific0.49%
Netflix0.49%
Amgen Inc0.47%
Micron Technology0.47%
Bank of America0.46%
Linde PLC0.45%
Ge Aerospace0.44%
Applied Material Inc0.44%
Costco Wholesale Corp0.42%
Lam Research0.42%
Chevron0.41%
Caterpillar Inc0.40%
Gilead Sciences0.40%
Kla0.39%
Analog Devices0.38%
Goldman Sachs Group0.37%
Pepsico0.35%
Verizon Communications Inc0.35%
Mcdonalds Corp0.35%
Salesforce0.34%
International Business Machines Co0.34%
Union Pacific0.34%
Nextera Energy0.33%
Pfizer0.33%
Qualcomm0.33%

Only in WCEO

117 securities, 74.5% of WCEO by weight

Solaris Energy I1.78%
Marathon Petrole1.76%
Kinder Morgan In1.75%
International SE1.73%
Albertsons Cos-A1.56%
Tootsie Roll Ind1.52%
Clorox Co1.52%
Acadian Asset Ma0.96%
Franklin Templet0.96%
Voya Financial I0.96%
Lincoln Natl Crp0.95%
Trupanion Inc0.95%
Horace Mann Educ0.95%
Amalgamated Fina0.95%
Hanmi Finl Corp0.95%
1ST Source Corp0.95%
Wex Inc0.95%
Alerus Financial0.95%
Adeia Inc0.94%
Nextnav Inc0.94%
Hubspot Inc0.93%
Workiva Inc0.93%
Clear Secure I-A0.92%
Clearfield Inc0.92%
Lumen Technologi0.92%
LIFE360 Inc0.92%
Amerisafe Inc0.92%
Power Integratio0.91%
Employers Holdin0.91%
Sirius Xm Holdin0.90%
New York Times-A0.90%
Reservoir Media0.89%
Cushman & Wakefi0.63%
Rlj Lodging Trus0.63%
Rexford Industri0.63%
Equity Lifestyle0.63%
Centerspace0.62%
Kilroy Realty0.62%
Lindblad Expedit0.62%
Five Below0.61%
Planet Fitness-A0.61%
Etsy Inc0.61%
Figs Inc-Class A0.61%
Abercrombie & Fi0.61%
Victoria's Secre0.61%
Sally Beauty Hol0.61%
Levi Strauss-A0.61%
Dutch Bros Inc-A0.61%
Valvoline Inc0.61%
Lululemon Ath0.60%

Weight gaps

All 41 Holdings in both funds, largest gap first.

Holding weights in USCL and WCEO, widest gap first
Holding	More in USCLMore in WCEO	USCL	WCEO
Flex LtdFLEX	WCEO +0.94 points	0.04%	0.98%
Principal Financial Group IncPFG	WCEO +0.93 points	0.02%	0.95%
CdwCDW	WCEO +0.92 points	0.03%	0.95%
Fidelity National Information ServFIS	WCEO +0.92 points	0.04%	0.96%
Us BancorpUSB	WCEO +0.86 points	0.09%	0.95%
Nasdaq IncNDAQ	WCEO +0.86 points	0.09%	0.95%
ProgressivePGR	WCEO +0.82 points	0.13%	0.95%
CitigroupC	WCEO +0.76 points	0.20%	0.96%
S&P GlobalSPGI	WCEO +0.68 points	0.27%	0.95%
Accenture PLC Class AACN	WCEO +0.63 points	0.30%	0.93%
Advanced Micro DevicesAMD	USCL +0.63 points	1.55%	0.92%
Dicks SportingDKS	WCEO +0.61 points	<0.01%	0.62%
Regency Centers Reit CorpREG	WCEO +0.61 points	0.02%	0.63%
Essex Property Trust ReitESS	WCEO +0.59 points	0.03%	0.62%
Arista NetworksANET	WCEO +0.58 points	0.34%	0.92%
Ventas ReitVTR	WCEO +0.57 points	0.06%	0.63%
Ulta Beauty IncULTA	WCEO +0.56 points	0.05%	0.61%
TapestryTPR	WCEO +0.56 points	0.04%	0.60%
Expedia GroupEXPE	WCEO +0.56 points	0.06%	0.62%
Jb Hunt Transport ServicesJBHT	WCEO +0.55 points	<0.01%	0.56%
Williams Sonoma IncWSM	WCEO +0.54 points	0.06%	0.60%
Dupont De NemoursDD	WCEO +0.53 points	0.03%	0.56%
Northrop Grumman CorpNOC	WCEO +0.52 points	0.04%	0.56%
Otis WorldwideOTIS	WCEO +0.51 points	0.05%	0.56%
VeraltoVLTO	WCEO +0.50 points	0.05%	0.55%
General MotorsGM	WCEO +0.50 points	0.11%	0.61%
United Parcel Service Inc Class BUPS	WCEO +0.48 points	0.08%	0.56%
Equinix ReitEQIX	WCEO +0.48 points	0.14%	0.62%
Cummins IncCMI	WCEO +0.45 points	0.10%	0.55%
Zoetis Inc Class AZTS	WCEO +0.43 points	0.06%	0.49%
Parker-HannifinPH	WCEO +0.38 points	0.16%	0.54%
DowDOW	WCEO +0.35 points	0.03%	0.38%
Automatic Data Processing IncADP	WCEO +0.34 points	0.22%	0.56%
Elevance Health IncELV	WCEO +0.32 points	0.17%	0.49%
Sherwin WilliamsSHW	WCEO +0.25 points	0.14%	0.39%
DanaherDHR	WCEO +0.21 points	0.28%	0.49%
Alliant Energy CorpLNT	WCEO +0.21 points	0.03%	0.24%
Dte EnergyDTE	WCEO +0.20 points	0.04%	0.24%
PG&E CorpPCG	WCEO +0.19 points	0.05%	0.24%
NewmontNEM	WCEO +0.17 points	0.21%	0.38%
Vertex PharmaceuticalsVRTX	USCL +0.08 points	0.27%	0.19%

All 391 USCL holdings⁠All WCEO 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.

USCL vs WCEO Cost

Overpaying WCEO vs USCL

$14,510

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

USCL 0.08%
$1,689
WCEO 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

USCL 0.08%
WCEO 0.85%
Overpaying

Year by year

Year	USCL	WCEO	Overpaying
10	$147	$1,508	$1,361
20	$575	$5,706	$5,131
30	$1,689	$16,199	$14,510

Expense ratio

0.08%USCL, cheaper
0.85%WCEO

USCL0.08%WCEO0.85%

0.08%0.95%

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

USCL cheapest of 47 funds

WCEO 46th cheapest of 47 funds

USCL vs WCEO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): USCL 1.06%, better; WCEO 0.54%
Payout (12M): USCL $0.91; WCEO $0.21
Last payment: USCL $0.20; WCEO $0.21
Ex-dividend: USCL Sep 15, 2026; WCEO Dec 19, 2025
Paid on: USCL Sep 18, 2026; WCEO Dec 24, 2025
Frequency: USCL Quarterly; WCEO Annual

Distribution history

Per share, 2023 to 2026, same scale for both

USCLQuarterly · 13 paymentsAll USCL payments⁠

WCEOAnnual · 3 paymentsAll WCEO payments⁠

USCL vs WCEO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: USCL 12.5%, betterWCEO 15.7%
Return per unit of riskSharpe ratio, 3 years: USCL 1.28, betterWCEO 0.91
Worst fallMax drawdown, 5 years: USCL −19.0%since Jun 2023WCEO −25.9%since Jan 2023
Market sensitivityBeta, 5 years: USCL 1.01WCEO 0.99; Market = 1

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