Principal U.S. Mega-Cap ETF
$76.93−0.57 (−0.73%)
- Expense ratio
- 0.12%
- Fund size
- $5.3B
- 1Y return
- +13.8%
- Yield · Last 12 months
- 0.73%
- Holdings
- 26
- Volume · 30D
- 0.1M sh
- NAV per share
- $76.23
- 52W range
The ETF.net USMC Grade
Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 73Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 40Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 55Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 41Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 50Category rank
Our read on USMC
BOwn the giants without letting the giants run the show. USMC follows a Nasdaq index that market-cap-weights only the very largest slice of US mega-caps, equal-weights the rest, and leans toward the calmer names, all for 0.12% a year.
The Fund seeks investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Mega Cap Select Leaders Index.
Why people hold it
- Costs 0.12% a year, a fraction of the typical fee among active US equity funds and level with the cheapest strong names in that group, like DFAU.
- The rules do the work: cap-weight the top 10% of aggregate market value, equal-weight the rest, nudge weight toward lower-volatility deciles, reset each April and October.business.nasdaq.com
- Trading since 2017 and now a multi-billion-dollar fund, it ranks among the strongest overall builds in its US equity peer group.
- Distributions arrive quarterly, and the fund sees steady enough trading volume for ordinary retail-sized orders.
Worth knowing
- Concentrated by design: a few dozen mega-caps, so one company's stumble lands harder here than in a 500-stock index fund.
- By capping how much the biggest names dominate, it deliberately holds a different mix than a cap-weighted S&P fund, and its results diverge accordingly.business.nasdaq.com
- Weights reset only twice a year, in April and October, so drift between reviews comes with the strategy.business.nasdaq.com
USMC Holdings
- Stocks
- 26
- 54%
- NVDA
Sectors
- Technology32.3%
- Financials20.8%
- Communication12.3%
- Health Care9.0%
- Cons. Staples8.0%
- Consumer Discr.7.7%
- Industrials5.4%
- Energy4.6%
Geography
- United States100.00%
USMC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | USMC |
|---|---|
| Year to date | +13.7% |
| 1 month | +2.1% |
| 3 months | +5.4% |
| 1 year | +13.8% |
| 3 years | +22.8% |
| 5 years | +15.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | USMC |
|---|---|---|
| 2026 YTD | +13.7% | |
| 2025 | +15.0% | |
| 2024 | +29.8% | |
| 2023 | +31.6% | |
| 2022 | −17.2% | |
| 2021 | +26.3% | |
| 2020 | +16.1% |
USMC in the news
ETF.net Research hasn’t filed on USMC yet — coverage lands here as it’s written.
USMC Dividends
- 0.73%
- $0.57
- $0.14 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jul 1, 2026 | Jul 6, 2026 | $0.14 |
| Apr 1, 2026 | Apr 6, 2026 | $0.15 |
| Dec 29, 2025 | Dec 31, 2025 | $0.14 |
| Oct 1, 2025 | Oct 3, 2025 | $0.14 |
| Jul 1, 2025 | Jul 3, 2025 | $0.13 |
| Apr 1, 2025 | Apr 3, 2025 | $0.13 |
| Dec 27, 2024 | Dec 31, 2024 | $0.15 |
| Oct 1, 2024 | Oct 3, 2024 | $0.16 |
| Jul 1, 2024 | Jul 3, 2024 | $0.16 |
| Apr 1, 2024 | Apr 4, 2024 | $0.15 |
| Dec 27, 2023 | Jan 2, 2024 | $0.18 |
| Oct 2, 2023 | Oct 5, 2023 | $0.14 |
USMC Risk
- 12.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.16
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USMC Cost
- The middle half of US Mega-Cap funds
- Median 0.17%
1 of the 6 US Mega-Cap funds charge less.