iShares Climate Conscious & Transition MSCI… (USCL) Performance
USCL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.9% since Dec 31, 2025
- 1 year
- +10.0% total return
- 3 years
- +21.3% a year
- Since first price
- +18.7% a year since 2023
USCL trailing returns vs SPY, QQQ, AGG
| Period | USCL 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 | +4.1% | +3.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.3% | +6.8% | +7.8% | +8.4% | −1.5% |
| YTD | +8.9% | +8.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.0% | +8.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +78.6%+21.3%/yr | +72.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 8, 2023 | +78.2%+18.7%/yr | +71.1% | — | — | — |
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: USCL vs SPY
From Jun 8, 2023: USCL grew to $17,824, SPY to $18,496.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USCL returns by calendar year
2 of 2 full years positive. Best 2024 (+27.0%), worst 2025 (+14.3%). 2026 is year to date.
USCL annual returns table
| Year | USCL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.9% | −10.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.3% | −19.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +27.0% | −8.6% | +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.
USCL largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −19.0% | Apr 8, 2025 | Jun 30, 2025 | 48 days | 4 months |
| Jan 12, 2026 | −10.2% | Mar 30, 2026 | Apr 17, 2026 | 3 months | 3 months |
| Jul 31, 2023 | −10.0% | Oct 27, 2023 | Nov 30, 2023 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
USCL risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +20.9% | +18.3% |
| Volatility (annualized) | 12.6% | 12.8% |
| Sharpe ratio | 1.24 | 1.05 |
| Sortino ratio | 2.49 | 1.99 |
| Best month | +10.0% | +10.0% |
| Worst month | −6.0% | −6.0% |
| Best 12 months | +40.3% | +40.3% |
| Worst 12 months | +9.2% | +9.2% |
| Positive months | 64% | 62% |
| 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.
USCL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 29 | +8.3% | +15.2% | +40.3% | 100% |
| 3-year (a year) | 5 | +17.4% | +19.0% | +21.8% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
USCL performance overview
iShares Climate Conscious & Transition MSCI… (USCL) returned +10.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +18.7% a year, turning $10,000 into about $17,824. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.0%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 12.8% a year.
Related: USCL chart, USCL holdings, USCL dividends, USCL valuation. See the USCL overview for the latest quote and fund facts.
USCL performance FAQ
What is the USCL return over the past year?
USCL returned +10.0% 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 USCL be worth?
$10,000 invested in USCL at its first recorded close on June 8, 2023 would be worth about $17,824 on October 23, 2026 with distributions reinvested.
What was the worst year for USCL?
The worst calendar year was 2025, with a total return of +14.3%. The best was 2024 at +27.0%.
What is the biggest drawdown of USCL?
The largest peak-to-trough decline was −19.0% 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 USCL?
Over the past 3 years USCL had an annualized volatility of 12.6% and a Sharpe ratio of 1.24 (excess return over 1–3 month T-bills per unit of risk).