- ISIN
- US74255Y8701
- CUSIP
- 74255Y870
- Issuer
- Principal
- Inception Date
- Oct 12, 2017
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq US Mega Cap Select Leaders Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $3B
Share Price Chart
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Performance
USMC Performance Chart
Principal U.S. Mega-Cap ETF (USMC) is up 6.4% since the beginning of the year. USMC is currently trading at $73 per share. Investors who bought $1,000 worth of USMC shares 5 years ago would now be looking at an investment worth $1,977.
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Returns By Period
Principal U.S. Mega-Cap ETF (USMC) has returned 6.42% so far this year and 20.33% over the past 12 months.
Principal U.S. Mega-Cap ETF
- 1D
- -1.37%
- 1M
- -0.32%
- YTD
- 6.42%
- 6M
- 5.31%
- 1Y
- 20.33%
- 3Y*
- 20.41%
- 5Y*
- 14.61%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
USMC Monthly Returns History
Based on dividend-adjusted daily data since Oct 12, 2017, USMC's average daily return is +0.06%, while the average monthly return is +1.25%. At this rate, an investment would double in approximately 4.6 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +12.7%, while the worst month was Mar 2020 at -9.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, USMC closed higher 55% of trading days. The best single day was Mar 13, 2020 with a return of +9.0%, while the worst single day was Mar 16, 2020 at -11.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.05% | -1.05% | -4.04% | 9.72% | 5.47% | -2.11% | 6.42% | ||||||
| 2025 | 3.10% | -1.66% | -6.70% | 0.11% | 5.82% | 4.25% | 0.89% | 2.98% | 5.10% | 1.93% | -0.51% | -0.58% | 14.99% |
| 2024 | 2.74% | 5.45% | 1.38% | -3.78% | 4.69% | 5.18% | -0.46% | 4.10% | 1.68% | -0.09% | 6.23% | -0.24% | 29.82% |
| 2023 | 5.30% | -1.13% | 6.03% | 1.98% | 2.23% | 5.61% | 3.76% | -0.31% | -4.80% | -2.47% | 8.77% | 3.65% | 31.57% |
| 2022 | -4.06% | -3.48% | 4.02% | -7.23% | 0.38% | -7.53% | 8.59% | -5.59% | -9.59% | 7.44% | 6.24% | -5.61% | -17.17% |
| 2021 | -1.43% | 0.31% | 4.67% | 4.48% | 0.69% | 2.69% | 3.29% | 2.74% | -3.92% | 6.72% | -1.26% | 5.15% | 26.30% |
Benchmark Metrics
Principal U.S. Mega-Cap ETF has an annualized alpha of 2.73%, beta of 0.92, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since October 12, 2017.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (99.02%) than losses (91.45%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.73% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.92 and R2 of 0.92, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.73%
- Beta
- 0.92
- R²
- 0.92
- Upside Capture
- 99.02%
- Downside Capture
- 91.45%
Expense Ratio
USMC has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
USMC ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Principal U.S. Mega-Cap ETF (USMC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USMC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.46 | -0.47 |
| Martin ratioReturn relative to average drawdown | 7.47 | 10.92 | -3.44 |
Dividends
Dividend History
Principal U.S. Mega-Cap ETF provided a 0.76% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.54 | $0.62 | $0.63 | $0.64 | $0.68 | $0.55 | $0.63 | $0.57 | $0.06 |
Dividend yield | 0.76% | 0.79% | 1.04% | 1.35% | 1.78% | 1.53% | 1.55% | 2.01% | 2.28% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal U.S. Mega-Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.14 | $0.54 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.15 | $0.62 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.18 | $0.63 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.16 | $0.00 | $0.14 | $0.64 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.16 | $0.00 | $0.20 | $0.68 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Principal U.S. Mega-Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Principal U.S. Mega-Cap ETF was 29.97%, occurring on Mar 23, 2020. Recovery took 103 trading sessions.
The current Principal U.S. Mega-Cap ETF drawdown is 2.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -29.97%Mar 2020 | 1mo 2d | 4mo 28d | 6moFeb 2020 - Aug 2020 |
Bear market2022 | -24.09%Oct 2022 | 9mo 16d | 8mo 24d | 1y 6moDec 2021 - Jul 2023 |
2025 selloff2025 | -19.12%Apr 2025 | 1mo 23d | 2mo 26d | 4mo 19dFeb 2025 - Jul 2025 |
Rate-hike selloffLate 2018 | -16.19%Dec 2018 | 2mo 22d | 2mo 27d | 5mo 19dOct 2018 - Mar 2019 |
2018 correction2018 | -11.02%Apr 2018 | 2mo 2d | 4mo 27d | 6mo 29dJan 2018 - Aug 2018 |
Drawdown Indicators
| USMC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.97% | -56.78% | +26.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.30% | -9.10% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -19.12% | -18.90% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -25.43% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.46% | -3.21% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -10.71% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.04% | +0.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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