SPY vs USCA
SPY vs USCA
State Street SPDR S&P 500 ETF Trust vs Xtrackers MSCI USA Climate Action Equity ETF
Quick Verdict
USCA has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | USCA | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.07% | |
| AUM | $789.1B | $3.4B | |
| Dividend Yield | 1.01% | 1.14% | |
| Holdings | 505 | 273 | |
| YTD Return | +13.28% | +10.31% | |
| 1Y Return | +23.94% | +17.24% | |
| 3Y Return (annualized) | +21.07% | +19.40% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.3% | 12.8% | |
| Max Drawdown | -56.5% | -19.1% | |
| Fund Family | State Street Investment Management | Xtrackers ETFs | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Apr 4, 2023 |
SPY vs USCA Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Xtrackers MSCI USA Climate Action Equity ETF (USCA) is a ETF from Xtrackers ETFs. Over the past year SPY returned +23.94% while USCA returned +17.24%. Year to date, SPY is up 13.28% versus a gain of 10.31% for USCA.
Over three years, SPY compounded at +21.07% per year against +19.40% for USCA. Across the full 3-year window we track, USCA has the edge at +21.48% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.8% for USCA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for SPY and -19.1% for USCA. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while USCA charges 0.07%. On a $10,000 position that is $9 vs $7 annually, a gap of $2 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 1.14% for USCA.
Holdings Overlap
SPY and USCA share 364 holdings out of 544 unique holdings combined, representing a 83.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in SPY | Weight in USCA | Difference |
|---|---|---|---|
| NVDA | 7.31% | 9.16% | 1.85% |
| AAPL | 7.09% | 9.38% | 2.29% |
| MSFT | 4.43% | 5.17% | 0.74% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings SPY shares with USCA Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SPY or USCA?
SPY has an expense ratio of 0.09% while USCA charges 0.07%. USCA is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, SPY or USCA?
Over the past year SPY returned +23.94% vs +17.24% for USCA, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.84% vs +21.48% for USCA. Past performance does not guarantee future results.
Which is riskier, SPY or USCA?
SPY has been the more volatile fund at 15.3% annualized versus 12.8% for USCA. Worst drawdown: SPY -56.5% vs USCA -19.1%.
Should I hold both SPY and USCA?
SPY and USCA have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPY and USCA?
SPY and USCA share 364 common holdings with a 83.5% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, SPY or USCA?
SPY yields 1.01% while USCA yields 1.14%, so USCA currently pays the higher dividend yield.
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