USNZvsUSCLETF Comparison
ETF 1
USNZ
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF
VS
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) belongs to the segment. iShares Climate Conscious & Transition MSCI USA ETF (USCL) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. USNZ is more expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.08% for USCL. USNZ is up 13.61% year-to-date (YTD) with -$17M in YTD flows. USCL performs worse with 10.4% YTD performance, and +$318M in YTD flows. Run a side-by-side ETF comparison of USNZ 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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USNZ vs USCL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USNZ USCL | -0.10%+0.50% | +4.82%+5.21% | +13.61%+10.40% | +12.81%+9.21% | +92.32%+86.51% | n/an/a |
| Flows | USNZ USCL | --$52M | -$159K-$82M | -$17M+$318M | -$17M-$86M | +$32M-$619M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USNZ USCL | +12.30%+11.68% | +14.06%+13.07% | +15.35%+14.93% | n/an/a |
| Max drawdown | USNZ USCL | -3.18%-2.82% | -11.08%-10.26% | -19.00%-18.99% | n/an/a |
| Max drawdown duration | USNZ USCL | 21d36d | 76d94d | 126d128d | n/an/a |
Trading data
USNZ | USCL | |
Last sale 10/28/2026 at 1:30 PM | $48.95 | $87.14 |
| Previous close 10/27/2026 | $48.82 | $87.00 |
| Consolidated volume 10/27/2026 | ||
| 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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USNZ | USCL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
USNZ | USCL | |
|---|---|---|
| Last price | $48.95 | $87.14 |
| 1D performance | +0.26% | +0.16% |
| AuM | $300.07 M | $2.83 B |
| E/R | 0.1% | 0.08% |
Characteristics
USNZ | USCL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Xtrackers by DWS | iShares |
| Benchmark | Solactive ISS ESG United States Net Zero Pathway Enhanced Index | MSCI USA Extended Climate Action Index |
| N° of holdings | 292 | 392 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 28, 2022 | June 8, 2023 |
| ESG | Yes | Yes |
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Exposure
Countries
USNZ
USA
97.28%
Other
2.72%
USCL
USA
97.29%
Other
2.71%
Sectors
USNZ
Technology
53.51%
Finance
13.57%
Healthcare
12.45%
Consumer Non-Cycl.
7.39%
Other
13.08%
USCL
Technology
49.93%
Finance
11.32%
Healthcare
9.92%
Consumer Non-Cycl.
9.09%
Other
19.74%
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Diversification
USNZ
Total weight of top 15 holdings out of 15
50.84%
USCL
Total weight of top 15 holdings out of 15
50.9%
Top 15 holdings
Data as of August 31, 2026
USNZ
NVIDIA Corp.
9.65%
Apple, Inc.
8.69%
Microsoft Corp.
6.91%
Amazon.com, Inc.
4.04%
Alphabet, Inc.
3.60%
Alphabet, Inc.
3.04%
Broadcom Inc.
3.00%
Meta Platforms, Inc.
2.09%
Tesla, Inc.
1.72%
Micron Technology, Inc.
1.70%
Eli Lilly & Co.
1.61%
JPMorgan Chase & Co.
1.48%
Advanced Micro Devices, Inc.
1.24%
Johnson & Johnson
1.09%
Visa, Inc.
1.00%
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 USNZ and USCL
How have the USNZ and USCL ETFs performed in 2026?
As of October 27, 2026, USNZ is up 13.61% year-to-date (YTD), while USCL has returned 10.4%. That puts USNZ better performer ahead so far this year.
Which ETF is attracting more investor money: USNZ or USCL?
Year-to-date, the USNZ ETF saw -$17M in flows, compared to +$318M for USCL.
Which ETF is more volatile: USNZ or USCL?
Over the past year, USNZ had a volatility of 14.06%, while USCL experienced 13.07%.
Which ETF is bigger: USNZ or USCL?
As of October 27, 2026, USNZ holds $300.07 M in assets under management (AUM), while USCL manages $2.83 B.
What sectors do the USNZ and USCL ETFs invest in?
USNZ leans toward sectors like Technology, Finance and Healthcare. Meanwhile, USCL focuses on Technology, Finance and Healthcare.
What are the top holdings of the USNZ ETF and USCL ETF?
USNZ 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: USNZ or USCL?
USNZ holds 492 securities with 50.84% of its assets in the top 15. USCL has 393 securities and a top 15 weight of 50.9%.
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