USCL vs WOMN: Grades, Fees and Holdings Compared

iShares Climate Conscious & Transition MSCI USA ETF

USCLANasdaq

Impact Shares YWCA Women's Empowerment ETF

WOMNDNYSE Arca

Overlap

40.9%by weight

Expense ratio

USCL −0.67pt a year

USCL0.08%WOMN0.75%

Avg volume · 30D

USCL 8.6×the volume

USCL13.1KWOMN1.53K

3Y return · a year

USCL +4.7pt

USCL+19.9%WOMN+15.2%

USCL vs WOMN Performance

Nov 7, 2025 – Nov 9, 2026

+9.6%USCL+12.0%WOMN

Expense ratio: USCL 0.08%, better; WOMN 0.75%
Fund size: USCL $2.61B; WOMN $57M
1Y total return: USCL +9.6%; WOMN +12.0%, better
Yield (12M): USCL 1.06%, better; WOMN 0.82%
Holdings: USCL 393; WOMN 201
Avg volume (30D): USCL 13.1K sh, better; WOMN 1.53K sh
NAV per share: USCL $83.10; WOMN $44.21
52W range

ETF.net Grade

Pillar letters and Scores for USCL, WOMN, with each pillar’s weight
Pillar	USCL	WOMN
Cost30% weight	A99Higher	F4
Mission25% weight	Not scored	B61
Risk15% weight	B55	B65Higher
Tradability15% weight	B69Higher	F16
Holdings10% weight	D34	B66Higher
Durability5% weight	A71Higher	C41

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. USCL and WOMN 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 7th and WOMN 44th of 47 funds in the US ESG & Values Index Category.

Rank 7AEVUSiShares ESG Aware MSCI USA Value ETFScore 73
Rank 7AUSCLiShares Climate Conscious & Transition MSCI USA ETFScore 73
Rank 11AFEUSNorthern Trust ESG & Climate US Large Cap Core ETFScore 72
Rank 43CMNZLManzil Russell Halal USA Broad Market ETFScore 40
Rank 44DWOMNImpact Shares YWCA Women's Empowerment ETFScore 37
Rank 45DWCEOHypatia Women CEO ETFScore 28

Our read on each fund

ETF.net Research

USCLAiShares Climate Conscious & Transition MSCI USA ETF

WOMNDImpact Shares YWCA Women's Empowerment 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.

WOMN The rare ETF where the fee is part of the pitch: sponsor Impact Shares is itself a 501(c)(3) that routes net advisory profits to YWCA USA, while the portfolio tracks a Morningstar index that scores US companies on gender equality.

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.

WOMN The Fund seeks to track, before fees and expenses, the performance of the Morningstar Women’s Empowerment 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.

WOMN Sponsor Impact Shares is a 501(c)(3) nonprofit and donates net advisory profits from WOMN to YWCA USA. The management fee doubles as a funding channel, not just a cost line.globenewswire.com ywca.org
The screen has teeth. Equileap's Gender Equality Scorecard, built into the Morningstar index, grades companies on 19 criteria including workforce gender balance, the pay gap and paid parental leave.morningstar.com
Roughly 180 US large and mid caps, so it reads like diversified equity with a tilt rather than a narrow sector bet. Pays quarterly and has been trading since 2018.globenewswire.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.

WOMN At 0.75%, it prices above the typical thematic fund. That gap is also what feeds the YWCA donation, so the cost and the mission are the same dollar.globenewswire.com
A small fund that trades thinly, so bid-ask spreads can run wider than on giant index products, particularly in fast-moving markets.
A gender-equality screen reshapes the lineup, so results can drift from a plain broad US market index in either direction.morningstar.com

Full USCL profile⁠

Full WOMN profile⁠

USCL vs WOMN Holdings

How USCL and WOMN differ

Overlap by weight

40.9%

Shared holdings make up 93.0% of WOMN and 50.0% of USCL.

Level by level

Holdings164 in both40.9%
Sector11 Sectors87.9%
Countryby domicile99.3%
Asset classStocks100%

Sector

Sector weights in USCL and WOMN, widest gap first
Sector	Gap	USCL	WOMN
Technology	USCL +6.7 points	39.0%	32.3%
Financials	WOMN +4.5 points	10.3%	14.8%
Energy	WOMN +4.0 points	2.0%	6.0%
Consumer Staples	WOMN +2.6 points	4.6%	7.2%
Communication	USCL +2.5 points	10.3%	7.8%
Consumer Discretionary	USCL +2.3 points	10.2%	7.9%
Health Care	WOMN +0.9 points	11.4%	12.3%
Industrials	USCL +0.5 points	6.9%	6.4%
Materials	USCL +0.2 points	1.7%	1.5%
Real Estate	WOMN +0.2 points	1.8%	2.0%
Utilities	Same weight	1.7%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in USCL and WOMN, widest gap first
Country	Gap	USCL	WOMN
United States	USCL +0.4 points	99.3%	98.9%
China	WOMN +0.4 points	0.1%	0.5%
Brazil	WOMN +0.2 points	0.1%	0.3%
Switzerland	USCL +0.2 points	0.2%	0.0%
United Kingdom	WOMN +0.2 points	0.0%	0.2%
Ireland	WOMN +0.1 points	0.0%	0.1%
Mexico	USCL +0.1 points	0.1%	0.0%
Canada	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

USCL45.0%
WOMN31.9%

Securities held

USCL390
WOMN200

Asset class

USCL: Stocks
WOMN: Stocks

Holdings

Only in USCL226
In both164
Only in WOMN36

Only in USCL

226 securities, 49.9% of USCL by weight

Apple9.68%
Amazon.com Inc4.83%
Meta Platforms Class A2.58%
Broadcom Inc2.56%
Eli Lilly2.09%
Tesla Inc1.97%
Advanced Micro Devices1.41%
Johnson & Johnson1.28%
Mastercard Class A1.02%
Palantir Technologies Class A0.67%
Netflix0.51%
Palo Alto Networks0.49%
Linde PLC0.46%
Costco Wholesale Corp0.45%
Applied Material Inc0.38%
Micron Technology0.38%
Caterpillar Inc0.37%
Goldman Sachs Group0.37%
Lam Research0.36%
Arista Networks0.35%
Nextera Energy0.35%
Kla0.35%
Qualcomm0.34%
Deere0.31%
Walt Disney0.29%
Charles Schwab0.29%
Oracle0.29%
AT&T0.29%
Danaher0.28%
Wells Fargo0.24%
Intel Corporation0.24%
Marvell Technology0.23%
Intuitive Surgical0.23%
Prologis Reit0.23%
Cme Group Class A0.21%
Marsh0.19%
Medtronic PLC0.19%
Intercontinental Exchange Inc0.19%
3M0.19%
Chubb0.18%
Waste Management Inc0.18%
Mckesson Corp0.18%
Amphenol Corp Class A0.18%
Csx0.18%
Snowflake0.17%
Marriott International Class A0.17%
Blackstone0.17%
Cadence Design Systems0.17%
Parker-Hannifin0.17%
Hilton Worldwide Holdings0.16%

Only in WOMN

36 securities, 6.9% of WOMN by weight

Texas Instruments Inc2.22%
TJX Cos Inc/The0.58%
Phillips 660.37%
Freeport-McMoRan Inc0.33%
DoorDash Inc0.28%
VeriSign Inc0.22%
AutoZone Inc0.20%
Entergy Corp0.20%
DR Horton Inc0.16%
Tyler Technologies Inc0.16%
Docusign Inc0.14%
Kroger Co/The0.14%
Centene Corp0.13%
Pinterest Inc0.12%
First American Government Obligations Fund 12/01/20310.11%
Gartner Inc0.11%
PPL Corp0.10%
Raymond James Financial Inc0.10%
Darden Restaurants Inc0.10%
PulteGroup Inc0.10%
Synchrony Financial0.10%
Edison International0.09%
CMS Energy Corp0.08%
HubSpot Inc0.08%
Affirm Holdings Inc0.08%
Alnylam Pharmaceuticals Inc0.08%
Southwest Airlines Co0.08%
Zillow Group Inc0.07%
nVent Electric PLC0.07%
Burlington Stores Inc0.06%
Invitation Homes Inc0.05%
Lululemon Athletica Inc0.05%
Clorox Co/The0.04%
Pentair PLC0.04%
Aptiv PLC0.03%
Zillow Group Inc0.01%

Weight gaps

The 100 widest of 164 Holdings in both funds.

Holding weights in USCL and WOMN, widest gap first
Holding	Gap	USCL	WOMN
NVIDIANVDA	USCL +4.61 points	8.26%	3.65%
Cisco Systems IncCSCO	WOMN +2.54 points	0.71%	3.25%
Alphabet Class CGOOG	USCL +2.52 points	2.56%	0.04%
JPMorgan Chase & CoJPM	WOMN +2.10 points	1.28%	3.38%
Exxonmobil Holdings CorpXOM	WOMN +1.97 points	0.66%	2.63%
Verizon Communications IncVZ	WOMN +1.88 points	0.37%	2.25%
MicrosoftMSFT	USCL +1.77 points	7.21%	5.44%
International Business Machines CoIBM	WOMN +1.67 points	0.33%	2.00%
Visa Class AV	WOMN +1.44 points	1.35%	2.79%
Analog DevicesADI	WOMN +1.20 points	0.34%	1.54%
SalesforceCRM	WOMN +1.14 points	0.33%	1.47%
ChevronCVX	WOMN +1.12 points	0.38%	1.50%
Accenture PLC Class AACN	WOMN +1.11 points	0.31%	1.42%
Alphabet Class AGOOGL	WOMN +1.05 points	3.22%	4.27%
AbbVieABBV	WOMN +0.98 points	0.99%	1.97%
Uber TechnologiesUBER	WOMN +0.92 points	0.24%	1.16%
Comcast Class ACMCSA	WOMN +0.90 points	0.13%	1.03%
Automatic Data Processing IncADP	WOMN +0.85 points	0.23%	1.08%
Ge AerospaceGE	WOMN +0.80 points	0.48%	1.28%
ServicenowNOW	WOMN +0.76 points	0.20%	0.96%
Bank of AmericaBAC	WOMN +0.75 points	0.46%	1.21%
WalmartWMT	WOMN +0.74 points	1.06%	1.80%
Coca-ColaKO	WOMN +0.73 points	0.71%	1.44%
Adobe IncADBE	WOMN +0.73 points	0.18%	0.91%
Procter & GamblePG	WOMN +0.72 points	0.74%	1.46%
Motorola Solutions IncMSI	WOMN +0.69 points	0.08%	0.77%
Home DepotHD	WOMN +0.68 points	0.66%	1.34%
IntuitINTU	WOMN +0.68 points	0.18%	0.86%
Merck & Co IncMRK	WOMN +0.66 points	0.70%	1.36%
Cloudflare Class ANET	WOMN +0.66 points	0.16%	0.82%
UnitedHealth GroupUNH	WOMN +0.64 points	0.69%	1.33%
Ge VernovaGEV	WOMN +0.55 points	0.20%	0.75%
CitigroupC	WOMN +0.53 points	0.20%	0.73%
Morgan StanleyMS	WOMN +0.50 points	0.31%	0.81%
Thermo Fisher ScientificTMO	WOMN +0.49 points	0.50%	0.99%
AutodeskADSK	WOMN +0.46 points	0.11%	0.57%
Abbott LaboratoriesABT	WOMN +0.46 points	0.28%	0.74%
Amgen IncAMGN	WOMN +0.46 points	0.48%	0.94%
ConocophillipsCOP	WOMN +0.45 points	0.16%	0.61%
Hewlett Packard EnterpriseHPE	WOMN +0.43 points	0.09%	0.52%
Te Connectivity PLCTEL	WOMN +0.40 points	0.12%	0.52%
Mcdonalds CorpMCD	WOMN +0.39 points	0.38%	0.77%
Lowes Companies IncLOW	WOMN +0.38 points	0.12%	0.50%
PepsicoPEP	WOMN +0.38 points	0.37%	0.75%
StrykerSYK	WOMN +0.37 points	0.11%	0.48%
ProgressivePGR	WOMN +0.37 points	0.13%	0.50%
Gilead SciencesGILD	WOMN +0.37 points	0.40%	0.77%
Union PacificUNP	WOMN +0.35 points	0.33%	0.68%
WelltowerWELL	WOMN +0.35 points	0.33%	0.68%
American ExpressAXP	WOMN +0.34 points	0.33%	0.67%
BlackRockBLK	WOMN +0.32 points	0.33%	0.65%
Keysight TechnologiesKEYS	WOMN +0.31 points	0.09%	0.40%
CienaCIEN	WOMN +0.29 points	0.07%	0.36%
S&P GlobalSPGI	WOMN +0.27 points	0.27%	0.54%
Vertex PharmaceuticalsVRTX	WOMN +0.26 points	0.27%	0.53%
Us BancorpUSB	WOMN +0.26 points	0.09%	0.35%
Workday Class AWDAY	WOMN +0.26 points	0.07%	0.33%
Eaton PLCETN	WOMN +0.25 points	0.26%	0.51%
Booking HoldingsBKNG	WOMN +0.25 points	0.24%	0.49%
Bristol Myers SquibbBMY	WOMN +0.25 points	0.24%	0.49%
Starbucks CorpSBUX	WOMN +0.25 points	0.23%	0.48%
Equinix ReitEQIX	WOMN +0.25 points	0.14%	0.39%
United Parcel Service Inc Class BUPS	WOMN +0.24 points	0.08%	0.32%
NewmontNEM	WOMN +0.23 points	0.25%	0.48%
Netapp IncNTAP	WOMN +0.23 points	0.05%	0.28%
PfizerPFE	WOMN +0.22 points	0.32%	0.54%
Bank of New York Mellon CorpBNY	WOMN +0.22 points	0.14%	0.36%
Delta Air LinesDAL	WOMN +0.21 points	0.02%	0.23%
Ross Stores IncROST	WOMN +0.21 points	0.07%	0.28%
American Electric Power IncAEP	WOMN +0.19 points	0.07%	0.26%
CignaCI	WOMN +0.20 points	0.07%	0.27%
Regeneron PharmaceuticalsREGN	WOMN +0.20 points	0.13%	0.33%
WilliamsWMB	WOMN +0.19 points	0.11%	0.30%
General MotorsGM	WOMN +0.19 points	0.11%	0.30%
Atlassian Corp Class ATEAM	WOMN +0.18 points	0.05%	0.23%
Allstate CorpALL	WOMN +0.17 points	0.07%	0.24%
Colgate-PalmoliveCL	WOMN +0.17 points	0.14%	0.31%
Emerson ElectricEMR	WOMN +0.17 points	0.17%	0.35%
Hp IncHPQ	WOMN +0.17 points	0.04%	0.21%
Ww Grainger IncGWW	WOMN +0.17 points	0.06%	0.23%
American Tower ReitAMT	WOMN +0.16 points	0.17%	0.33%
Trane Technologies PLCTT	WOMN +0.16 points	0.17%	0.33%
Moodys CorpMCO	WOMN +0.16 points	0.14%	0.30%
Mondelez International Class AMDLZ	WOMN +0.16 points	0.16%	0.32%
Capital One Financial CorpCOF	USCL +0.16 points	0.17%	0.01%
First SolarFSLR	WOMN +0.15 points	0.03%	0.18%
Fifth Third BancorpFITB	WOMN +0.16 points	0.02%	0.18%
SlbSLB	WOMN +0.16 points	0.14%	0.30%
MetlifeMET	WOMN +0.15 points	0.05%	0.20%
Elevance Health IncELV	WOMN +0.15 points	0.18%	0.33%
Cummins IncCMI	WOMN +0.15 points	0.09%	0.24%
Cardinal HealthCAH	WOMN +0.14 points	0.09%	0.23%
EcolabECL	WOMN +0.14 points	0.15%	0.29%
Airbnb Class AABNB	WOMN +0.14 points	0.15%	0.29%
MercadolibreMELI	WOMN +0.14 points	0.13%	0.27%
Johnson Controls International PLCJCI	WOMN +0.13 points	0.16%	0.29%
Toast Class ATOST	WOMN +0.13 points	0.02%	0.15%
State StreetSTT	WOMN +0.13 points	0.04%	0.17%
Kimberly ClarkKMB	WOMN +0.12 points	0.13%	0.25%
SempraSRE	WOMN +0.12 points	0.07%	0.19%

All 390 USCL holdings⁠All WOMN 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 WOMN Cost

Overpaying WOMN vs USCL

$12,793

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

USCL 0.08%
$1,689
WOMN 0.75%
$14,482

Amount$10,000

Years30 years

Cost over time

USCL 0.08%
WOMN 0.75%
Overpaying

Year by year

Year	USCL	WOMN	Overpaying
10	$147	$1,336	$1,189
20	$575	$5,078	$4,503
30	$1,689	$14,482	$12,793

Expense ratio

0.08%USCL, cheaper
0.75%WOMN

USCL0.08%WOMN0.75%

0.08%0.95%

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

USCL cheapest of 47 funds

WOMN 45th cheapest of 47 funds

USCL vs WOMN Dividends

Last 12 months to Nov 9, 2026

Yield (12M): USCL 1.06%, better; WOMN 0.82%
Payout (12M): USCL $0.91; WOMN $0.37
Last payment: USCL $0.20; WOMN $0.11
Ex-dividend: USCL Sep 15, 2026; WOMN Sep 29, 2026
Paid on: USCL Sep 18, 2026; WOMN Sep 30, 2026
Frequency: USCL Quarterly; WOMN Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

USCLQuarterly · 13 paymentsAll USCL payments⁠

WOMNQuarterly · 33 paymentsAll WOMN payments⁠

USCL vs WOMN 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%WOMN 11.5%, better
Return per unit of riskSharpe ratio, 3 years: USCL 1.28, betterWOMN 1.02
Worst fallMax drawdown, 5 years: USCL −19.0%since Jun 2023WOMN −25.8%
Market sensitivityBeta, 5 years: USCL 1.01WOMN 0.82; Market = 1

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