Xtrackers MSCI USA Climate Action Equity ETF (USCA) Performance
USCA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.9% since Dec 31, 2025
- 1 year
- +10.1% total return
- 3 years
- +21.4% a year
- Since first price
- +19.8% a year since 2023
USCA trailing returns vs SPY, QQQ, AGG
| Period | USCA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.9% | −0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.2% | +4.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.4% | +6.8% | +7.8% | +8.4% | −1.5% |
| YTD | +8.9% | +8.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.1% | +8.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +78.8%+21.4%/yr | +72.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionApr 4, 2023 | +89.9%+19.8%/yr | +81.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: USCA vs SPY
From Apr 4, 2023: USCA grew to $18,985, SPY to $19,422.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USCA returns by calendar year
2 of 2 full years positive. Best 2024 (+27.2%), worst 2025 (+14.3%). 2026 is year to date.
USCA annual returns table
| Year | USCA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.9% | −10.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.3% | −19.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +27.2% | −8.7% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
USCA largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −19.1% | Apr 8, 2025 | Jun 30, 2025 | 48 days | 4 months |
| Jan 12, 2026 | −10.3% | Mar 27, 2026 | Apr 17, 2026 | 2 months | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
USCA risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +21.0% | +20.3% |
| Volatility (annualized) | 12.6% | 12.7% |
| Sharpe ratio | 1.25 | 1.19 |
| Sortino ratio | 2.52 | 2.31 |
| Best month | +10.0% | +10.0% |
| Worst month | −5.9% | −5.9% |
| Best 12 months | +40.5% | +40.5% |
| Worst 12 months | +9.2% | +9.2% |
| Positive months | 64% | 63% |
| Beta vs S&P 500 | 1.00 | — |
| Correlation with S&P 500 | 0.99 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
USCA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 31 | +8.2% | +15.6% | +40.5% | 100% |
| 3-year (a year) | 7 | +17.5% | +20.9% | +21.9% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
USCA performance overview
Xtrackers MSCI USA Climate Action Equity ETF (USCA) returned +10.1% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +19.8% a year, turning $10,000 into about $18,985. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.1%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 12.7% a year.
Related: USCA chart, USCA holdings, USCA dividends, USCA valuation. See the USCA overview for the latest quote and fund facts.
USCA performance FAQ
What is the USCA return over the past year?
USCA returned +10.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.8%.
How much would $10,000 invested in USCA be worth?
$10,000 invested in USCA at its first recorded close on April 4, 2023 would be worth about $18,985 on October 23, 2026 with distributions reinvested.
What was the worst year for USCA?
The worst calendar year was 2025, with a total return of +14.3%. The best was 2024 at +27.2%.
What is the biggest drawdown of USCA?
The largest peak-to-trough decline was −19.1% between February 19, 2025 and April 8, 2025. It recovered to the old high on June 30, 2025, 3 months after the bottom.
How volatile is USCA?
Over the past 3 years USCA had an annualized volatility of 12.6% and a Sharpe ratio of 1.25 (excess return over 1–3 month T-bills per unit of risk).