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IWLvsUSCLETF Comparison

ETF 1

IWL

iShares Russell Top 200 ETF

This fund is part of

US Large Cap

-0.46%

Full IWL fund page

VS

ETF 2

USCL

iShares Climate Conscious & Transition MSCI USA ETF

This fund is part of

US Large Cap

-0.46%

Full USCL fund page

iShares Russell Top 200 ETF (IWL) and iShares Climate Conscious & Transition MSCI USA ETF (USCL) belong to the same industry segment: US Large Cap. IWL's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, USCL's top sector exposures are Technology, Finance and Healthcare. IWL is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.08% for USCL. IWL is up 11.27% year-to-date (YTD) with -$16M in YTD flows. USCL performs worse with 8.97% YTD performance, and +$318M in YTD flows. Run a side-by-side ETF comparison of IWL and USCL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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IWL vs USCL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IWL USCL	-1.44%-0.97%	+3.60%+4.12%	+11.27%+8.97%	+13.50%+10.01%	+90.19%+78.70%	+83.13%n/a
Flows	IWL USCL	+$10M-$52M	-$10M-$82M	-$16M+$318M	+$77M-$86M	+$375M-$619M	+$418M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IWL USCL	+11.69%+11.57%	+13.38%+13.12%	+15.50%+14.97%	+17.44%n/a
Max drawdown	IWL USCL	-2.96%-2.82%	-9.79%-10.26%	-19.22%-18.99%	-25.69%n/a
Max drawdown duration	IWL USCL	17d36d	92d94d	126d128d	707dn/a

Trading data

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	IWL	USCL
Last sale 10/23/2026 at 1:30 PM	$188.52	$85.88
Previous close 10/22/2026	$189.49	$86.37
Consolidated volume 10/22/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	IWL	USCL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/23/2026 at 1:30 PM

Live

Closed

	IWL	USCL
Last price	$188.52	$85.88
1D performance	-0.51%	-0.57%
AuM	$2.23 B	$2.80 B
E/R	0.15%	0.08%

Characteristics

	IWL	USCL
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	Russell Top 200 Index	MSCI USA Extended Climate Action Index
N° of holdings	201	392
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 22, 2009	June 8, 2023
ESG	No	Yes

More IWL data on Trackinsight

More USCL data on Trackinsight

Exposure

Countries

IWL

USA

97.96%

Other

2.04%

USCL

USA

97.29%

Other

2.71%

Sectors

IWL

Technology

49.42%

Finance

12.5%

Consumer Non-Cycl.

9.3%

Healthcare

8.73%

Other

20.05%

USCL

Technology

49.93%

Finance

11.32%

Healthcare

9.92%

Consumer Non-Cycl.

9.09%

Other

19.74%

Diversification

IWL

Total weight of top 15 holdings out of 15

50.75%

USCL

Total weight of top 15 holdings out of 15

50.9%

Top 15 holdings

Data as of August 31, 2026

IWL

NVIDIA Corp.

9.02%

Apple, Inc.

8.02%

Microsoft Corp.

6.60%

Amazon.com, Inc.

4.41%

Alphabet, Inc.

3.46%

Broadcom Inc.

3.02%

Alphabet, Inc.

2.79%

Meta Platforms, Inc.

2.20%

Micron Technology, Inc.

1.89%

Tesla, Inc.

1.88%

JPMorgan Chase & Co.

1.67%

Berkshire Hathaway, Inc.

1.64%

Eli Lilly & Co.

1.62%

Advanced Micro Devices, Inc.

1.34%

ExxonMobil Holdings Corp.

1.17%

USCL

NVIDIA Corp.

9.39%

Apple, Inc.

8.61%

Microsoft Corp.

6.62%

Amazon.com, Inc.

4.65%

Alphabet, Inc.

3.68%

Broadcom Inc.

3.10%

Alphabet, Inc.

2.90%

Meta Platforms, Inc.

2.32%

Tesla, Inc.

1.95%

Eli Lilly & Co.

1.71%

Advanced Micro Devices, Inc.

1.42%

JPMorgan Chase & Co.

1.31%

Johnson & Johnson

1.18%

Visa, Inc.

1.16%

Mastercard, Inc.

0.88%

Frequently asked questions about IWL and USCL

IWLvsUSCLETF Comparison

iShares Russell Top 200 ETF

iShares Climate Conscious & Transition MSCI USA ETF

IWL vs USCL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the IWL and USCL ETFs performed in 2026?

As of October 23, 2026, IWL is up 11.27% year-to-date (YTD), while USCL has returned 8.97%. That puts IWL better performer ahead so far this year.

Which ETF is attracting more investor money: IWL or USCL?

Year-to-date, the IWL ETF saw -$16M in flows, compared to +$318M for USCL.

Which ETF is more volatile: IWL or USCL?

Over the past year, IWL had a volatility of 13.38%, while USCL experienced 13.12%.

Which ETF is bigger: IWL or USCL?

As of October 23, 2026, IWL holds $2.23 B in assets under management (AUM), while USCL manages $2.80 B.

What sectors do the IWL and USCL ETFs invest in?

IWL leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, USCL focuses on Technology, Finance and Healthcare.

What are the top holdings of the IWL ETF and USCL ETF?

IWL top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. USCL holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: IWL or USCL?

IWL holds 202 securities with 50.75% of its assets in the top 15. USCL has 393 securities and a top 15 weight of 50.9%.

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