USCA
Xtrackers MSCI USA Climate Action Equity ETF
USCA tracks a market cap-weighted index of large- and mid-cap US stocks, selected as a leader in their respective GICS sector for emphasizing climate-friendly objectives. The process screens securities based on ESG research from MSCI.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
3.3 B
ASSETS UNDER MGMT
7 bp
EXPENSES
Fund Basics
| Fund sponsor | Deutsche Bank |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 04, 2023 |
| Assets (mns) | $3,301 |
| Expense ratio | 7 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 6.2 % |
| NVIDIA CORP | 6.1 % |
| APPLE INC | 5.6 % |
| AMAZON.COM INC | 5.6 % |
| META PLATFORMS INC | 4.7 % |
| ALPHABET INC. CLASS A | 3.6 % |
| ALPHABET INC. CLASS C | 3.1 % |
| TESLA MOTORS INC | 2.9 % |
| JPMORGAN CHASE & CO | 2.4 % |
| VISA INC. CLASS A | 1.7 % |
Constituent Breakdown
| Number of holdings | 278 |
| Herfindahl-Hirschman Index | 238 |
| Wgt avg mkt cap (mns) | $1,431,508 |
| Large cap (>$10bn) | 108.9% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 108.9% |
| Emerging mkts. | 0.3% |
Country Exposure
 |
UNITED STATES | 105.6 % |
 |
IRELAND | 2.0 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.9% | 17.5% | 27.5% | -- | -- | -- | -- | 22.7% |
| Dividend Yield | 0.3% | 0.3% | 0.8% | -- | -- | -- | -- | 0.9% |
| Total Returns | 14.3% | 17.8% | 28.4% | -- | -- | -- | -- | 23.6% | Ann. Volatility | 19.5% | 18.8% | 15.9% | -- | -- | -- | -- | 15.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 96% |
| MSCI EAFE | 0.50 | 31% |
| MSCI Emg Mkts | 0.38 | 15% |
Liquidity Measures
| Avg. volume (000) | 23 |
| ADV traded (mns) | $1 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| Recent close | $42.28 |
| 30d moving avg. | $41.42 |
| Annualized volatility | 12.4% |
| Relative strength (RSI) | 60 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| USCL | iShares Climate Conscious & Transition MSCI USA ETF | 90.3% | +1 bp | +4.9% |
| JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 84.1% | +13 bp | +4.9% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 82.7% | 0 bp | +4.7% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 82.2% | -7 bp | +4.8% |
| VOTE | TCW Transform 500 ETF | 81.5% | -2 bp | +4.8% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 81.0% | -5 bp | +4.8% |
| QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 80.2% | +68 bp | +3.9% |
| MODL | VictoryShares WestEnd U.S. Sector ETF | 78.9% | +35 bp | +4.5% |
| SNPE | Xtrackers S&P 500 ESG ETF | 78.7% | +3 bp | +4.9% |
| EPS | WisdomTree U.S. LargeCap Fund | 78.7% | +1 bp | +5.6% |
Risk and Returns: USCA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/3/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
USCA
5.0%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 996 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. USCA's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places USCA in the 39th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
USCASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 bp |
| USCA (7 bp) Percentile rank | 12 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| USCA | 7.0 | 15.3 | 22.3 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .