BCHP vs. USMC

Last updated Aug 2, 2026

BCHP (Principal Focused Blue Chip ETF) and USMC (Principal U.S. Mega-Cap ETF) are both Large Cap Growth Equities funds from Principal. BCHP is actively managed, while USMC is passively managed. Over the past 3 years, BCHP returned 14.32%/yr vs 19.26%/yr for USMC. Their correlation of 0.83 means they have usually moved in the same direction. BCHP charges 0.58%/yr vs 0.12%/yr for USMC.

Performance

BCHP vs. USMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Focused Blue Chip ETF (BCHP) and Principal U.S. Mega-Cap ETF (USMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCHP achieves a 0.96% return, which is significantly lower than USMC's 8.72% return.

BCHP

• 1D: 3.25%
• 1M: 2.74%
• 6M: 2.77%
• YTD: 0.96%
• 1Y: 1.67%
• 3Y*: 14.32%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.65%

USMC

• 1D: 0.44%
• 1M: 0.13%
• 6M: 9.88%
• YTD: 8.72%
• 1Y: 20.36%
• 3Y*: 19.26%
• 5Y*: 14.11%
• 10Y*: —
• ALL TIME*: 14.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCHP Principal Focused Blue Chip ETF	$1.80M	$1.22M	$1.16M
USMC Principal U.S. Mega-Cap ETF	$7.10M	$6.59M	$6.39M

BCHP vs. USMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BCHP Principal Focused Blue Chip ETF	0.96%	10.20%	20.55%	13.14%
USMC Principal U.S. Mega-Cap ETF	8.72%	14.99%	29.82%	7.73%

Correlation

The correlation between BCHP and USMC is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.83

The correlation between BCHP and USMC has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

BCHP vs. USMC - Sectors Allocation Comparison

Sectors	BCHP	USMC
Technology	31.8%	32.1%
Financial Services	23.8%	19.5%
Communication Services	16.8%	12.3%
Consumer Cyclical	14.3%	8.0%
Industrials	9.5%	6.6%
Healthcare	3.9%	9.1%
Real Estate	1.2%	-
Basic Materials	-	-
Consumer Defensive	-	8.5%
Energy	-	4.0%
Utilities	-	-

Return for Risk

BCHP vs. USMC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BCHP

BCHP Risk / Return Rank: 10
BCHP Sharpe Ratio Rank: 10
BCHP Sortino Ratio Rank: 10
BCHP Omega Ratio Rank: 10
BCHP Calmar Ratio Rank: 10
BCHP Martin Ratio Rank: 10

USMC

USMC Risk / Return Rank: 59
USMC Sharpe Ratio Rank: 64
USMC Sortino Ratio Rank: 64
USMC Omega Ratio Rank: 61
USMC Calmar Ratio Rank: 51
USMC Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BCHP vs. USMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Focused Blue Chip ETF (BCHP) and Principal U.S. Mega-Cap ETF (USMC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BCHP	USMC	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	1.49	-1.55
Sortino ratio: Return per unit of downside risk	0.03	2.12	-2.09
Omega ratio: Gain probability vs. loss probability	1.00	1.26	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.06	1.82	-1.88
Martin ratio: Return relative to average drawdown	-0.18	6.78	-6.96

BCHP vs. USMC - Sharpe Ratio Comparison

The current BCHP Sharpe Ratio is -0.06, which is lower than the USMC Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of BCHP and USMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCHP vs. USMC - Drawdown Comparison

The maximum BCHP drawdown since its inception was -18.56%, smaller than the maximum USMC drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for BCHP and USMC.

Drawdown Indicators

	BCHP	USMC	Difference
Max Drawdown Largest peak-to-trough decline	-18.56%	-29.97%	+11.41%
Max Drawdown (1Y) Largest decline over 1 year	-18.12%	-10.30%	-7.82%
Max Drawdown (3Y) Largest decline over 3 years	-18.56%	-19.12%	+0.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.09%	—
Current Drawdown Current decline from peak	-1.92%	-1.03%	-0.89%
Average Drawdown Average peak-to-trough decline	-3.09%	-4.35%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	2.75%	+3.29%

Volatility

BCHP vs. USMC - Volatility Comparison

Principal Focused Blue Chip ETF (BCHP) has a higher volatility of 5.81% compared to Principal U.S. Mega-Cap ETF (USMC) at 3.47%. This indicates that BCHP's price experiences larger fluctuations and is considered to be riskier than USMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCHP	USMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	3.47%	+2.34%
Volatility (6M) Calculated over the trailing 6-month period	14.32%	9.64%	+4.68%
Volatility (1Y) Calculated over the trailing 1-year period	17.39%	12.60%	+4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	16.46%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	18.18%	-1.11%

BCHP vs. USMC - Expense Ratio Comparison

BCHP has a 0.58% expense ratio, which is higher than USMC's 0.12% expense ratio.

Dividends

BCHP vs. USMC - Dividend Comparison

BCHP has not paid dividends to shareholders, while USMC's dividend yield for the trailing twelve months is around 0.76%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCHP Principal Focused Blue Chip ETF	0.00%	0.00%	1.02%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMC Principal U.S. Mega-Cap ETF	0.76%	0.79%	1.04%	1.35%	1.78%	1.53%	1.55%	2.01%	2.28%	0.24%

Frequently Asked Questions

Can I hold both BCHP and USMC in my portfolio?

BCHP and USMC have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCHP or USMC?

BCHP has higher volatility (5.81%) compared to USMC (3.47%). In terms of maximum drawdown, BCHP dropped -18.56% vs USMC's -29.97%.

Which ETF is better, BCHP or USMC?

On 3-year performance, USMC leads with 19.26% vs 14.32% for BCHP. On fees, USMC is cheaper at 0.12% per year. On volatility, USMC has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCHP or USMC?

Over the 3-year period, USMC has performed better with a 19.26% return vs 14.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCHP or USMC?

USMC is cheaper with a 0.12% expense ratio, compared with 0.58% for BCHP.

Which ETF pays a higher dividend yield, BCHP or USMC?

USMC has the higher dividend yield at 0.76%, compared with 0.00% for BCHP.

What is the main difference between BCHP and USMC?

Their fees differ too: 0.58% for BCHP and 0.12% for USMC.

Which has better risk-adjusted returns?

USMC currently has the higher Sharpe Ratio (1.49 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.