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iShares Trust iShares Climate Conscious & Transition MSCI USA ETF

USCL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 06 2023
Expense Ratio
0.08%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,111
AUM
$2,201,247,323
Associated Index
MSCI USA Extended Climate Action Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

MSFT
Microsoft Corporation
4.76%
AAPL
Apple Inc
4.74%
NVDA
NVIDIA Corp
4.28%
TSLA
Tesla Inc
2.91%
META
Meta Platforms Inc - Ordinary Shares - Class A
2.76%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
2.66%
GOOG
Alphabet Inc - Ordinary Shares - Class C
2.38%
UNH
Unitedhealth Group Inc
1.96%
LLY
Lilly(Eli) & Co
1.85%
JPM
JPMorgan Chase & Co.
1.78%
Invest with USCL

What is USCL?

The iShares Climate Conscious & Transition MSCI USA ETF (the "Fund") seeks to track the investment results of an index composed of U.S. large- and mid-capitalization companies based on their positioning, relative to their sector peers, with respect to the transition to a low-carbon economy, as determined by the Index Provider, based primarily on current emissions intensity, emissions reduction targets, green business revenue, and/or climate risk management. The index targets companies within their sectors based on a methodology that incorporates current climate metrics and forward-looking initiatives. Companies are evaluated primarily based on their current GHG emissions intensity, emissions reduction commitments, climate risk management and green business revenue. The climate metric assessment is used to select the top 50% from each GICS sector from the parent index, the MSCI USA Index, with issuer weights capped at 5%.

ETFs related toUSCL

ETFs correlated to USCL include GAUG, SPUU, LCTU

USCL
iShares Trust - iShares Climate Conscious & Transition MSCI USA ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
STRV
EA Series Trust - Strive 500 ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUSCL

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

#LSPB

Lever Up S&P with a Bond Hedge

Category

Paired Switching, Tactical Asset Allocation, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with USCL using Composer

FAQ

USCL is a US Equities ETF. The iShares Climate Conscious & Transition MSCI USA ETF (the "Fund") seeks to track the investment results of an index composed of U.S. large- and mid-capitalization companies based on their positioning, relative to their sector peers, with respect to the transition to a low-carbon economy, as determined by the Index Provider, based primarily on current emissions intensity, emissions reduction targets, green business revenue, and/or climate risk management. The index targets companies within their sectors based on a methodology that incorporates current climate metrics and forward-looking initiatives. Companies are evaluated primarily based on their current GHG emissions intensity, emissions reduction commitments, climate risk management and green business revenue. The climate metric assessment is used to select the top 50% from each GICS sector from the parent index, the MSCI USA Index, with issuer weights capped at 5%.

USCL tracks the MSCI USA Extended Climate Action Index.

No, USCL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, USCL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on USCL is -0.0043%. This is the percent change in the value of USCL over the most recent 1-month period. The 3-month return on USCL is 0.0182%. This is the percent change in the value of USCL over the most recent 3-month period.

ETFs similar to USCL include SPHQ, DSI, and QUAL.

ETFs correlated to USCL include GAUG, SPUU, and LCTU.

ETFs that are inversely correlated to USCL include SDS, SPXS, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.