USMC vs. TDVG

Last updated Jun 24, 2026

USMC (Principal U.S. Mega-Cap ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Growth Equities funds. USMC is passively managed, while TDVG is actively managed. Over the past 5 years, USMC returned 14.61%/yr vs 10.19%/yr for TDVG. Their correlation of 0.84 suggests significant overlap in exposure. USMC charges 0.12%/yr vs 0.50%/yr for TDVG.

Performance

USMC vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal U.S. Mega-Cap ETF (USMC) and T. Rowe Price Dividend Growth ETF (TDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USMC achieves a 6.42% return, which is significantly lower than TDVG's 8.04% return.

USMC

• 1D: -1.37%
• 1M: -0.32%
• YTD: 6.42%
• 6M: 5.31%
• 1Y: 20.33%
• 3Y*: 20.41%
• 5Y*: 14.61%
• 10Y*: —

TDVG

• 1D: -0.55%
• 1M: 1.22%
• YTD: 8.04%
• 6M: 7.41%
• 1Y: 17.57%
• 3Y*: 15.55%
• 5Y*: 10.19%
• 10Y*: —

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

USMC vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
USMC Principal U.S. Mega-Cap ETF	6.42%	14.99%	29.82%	31.57%	-17.17%	26.30%	12.57%
TDVG T. Rowe Price Dividend Growth ETF	8.04%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.97%

Correlation

The correlation between USMC and TDVG is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.84

The correlation between USMC and TDVG shifts across timeframes, from 0.67 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

USMC vs. TDVG - Sectors Allocation Comparison

Sectors	USMC	TDVG
Technology	33.3%	26.2%
Financial Services	18.2%	19.3%
Communication Services	13.7%	1.0%
Consumer Defensive	8.5%	6.9%
Consumer Cyclical	8.3%	7.2%
Healthcare	8.1%	12.4%
Industrials	5.6%	13.6%
Energy	4.3%	5.3%
Basic Materials	-	2.8%
Real Estate	-	1.6%
Utilities	-	3.8%

Return for Risk

USMC vs. TDVG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USMC

USMC Risk / Return Rank: 47
USMC Sharpe Ratio Rank: 50
USMC Sortino Ratio Rank: 50
USMC Omega Ratio Rank: 48
USMC Calmar Ratio Rank: 42
USMC Martin Ratio Rank: 47

TDVG

TDVG Risk / Return Rank: 56
TDVG Sharpe Ratio Rank: 56
TDVG Sortino Ratio Rank: 58
TDVG Omega Ratio Rank: 54
TDVG Calmar Ratio Rank: 52
TDVG Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USMC vs. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal U.S. Mega-Cap ETF (USMC) and T. Rowe Price Dividend Growth ETF (TDVG). 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.

	USMC	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.81	-0.15
Sortino ratio: Return per unit of downside risk	2.35	2.60	-0.24
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	1.98	2.44	-0.46
Martin ratio: Return relative to average drawdown	7.47	10.01	-2.54

USMC vs. TDVG - Sharpe Ratio Comparison

The current USMC Sharpe Ratio is 1.66, which is comparable to the TDVG Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of USMC and TDVG, 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

USMC vs. TDVG - Drawdown Comparison

The maximum USMC drawdown since its inception was -29.97%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for USMC and TDVG.

Drawdown Indicators

	USMC	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-29.97%	-19.20%	-10.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.30%	-7.24%	-3.06%
Max Drawdown (3Y) Largest decline over 3 years	-19.12%	-14.02%	-5.10%
Max Drawdown (5Y) Largest decline over 5 years	-24.09%	-19.20%	-4.89%
Current Drawdown Current decline from peak	-2.46%	-0.82%	-1.64%
Average Drawdown Average peak-to-trough decline	-4.39%	-3.73%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	1.76%	+0.97%

Volatility

USMC vs. TDVG - Volatility Comparison

Principal U.S. Mega-Cap ETF (USMC) has a higher volatility of 4.43% compared to T. Rowe Price Dividend Growth ETF (TDVG) at 2.78%. This indicates that USMC's price experiences larger fluctuations and is considered to be riskier than TDVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USMC	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	2.78%	+1.65%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	7.61%	+1.82%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	9.79%	+2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	13.92%	+2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.25%	13.90%	+4.35%

USMC vs. TDVG - Expense Ratio Comparison

USMC has a 0.12% expense ratio, which is lower than TDVG's 0.50% expense ratio.

Dividends

USMC vs. TDVG - Dividend Comparison

USMC's dividend yield for the trailing twelve months is around 0.76%, less than TDVG's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDVG T. Rowe Price Dividend Growth ETF	0.98%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%	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 USMC and TDVG in my portfolio?

USMC and TDVG have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USMC or TDVG?

USMC has higher volatility (4.43%) compared to TDVG (2.78%). In terms of maximum drawdown, USMC dropped -29.97% vs TDVG's -19.20%.

Which ETF is better, USMC or TDVG?

On 5-year performance, USMC leads with 14.61% vs 10.19% for TDVG. On fees, USMC is cheaper at 0.12% per year. On volatility, TDVG has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USMC or TDVG?

Over the 5-year period, USMC has performed better with a 14.61% return vs 10.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USMC or TDVG?

USMC is cheaper with a 0.12% expense ratio, compared with 0.50% for TDVG.

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

TDVG has the higher dividend yield at 0.98%, compared with 0.76% for USMC.

What is the main difference between USMC and TDVG?

They also come from different issuers: Principal and T. Rowe Price. Their fees differ too: 0.12% for USMC and 0.50% for TDVG.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.81 vs 1.66), 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.