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ETFs

Principal Exchange-Traded Funds Principal U.S. Mega-Cap ETF

USMC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 11 2017
Expense Ratio
0.12%
Type
US Equities
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$2,043,161
AUM
$1,474,938,543
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

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UNH
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Invest with USMC

What is USMC?

The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with very large ("mega") market capitalizations at the time of purchase. For this fund, companies with mega capitalizations are those with market capitalizations in the top 50th percentile of the S&P 500 Index at the time of purchase.

ETFs related toUSMC

ETFs correlated to USMC include OEF, IWL, MGC

USMC
Principal Exchange-Traded Funds - Principal U.S. Mega-Cap ETF
OEF
BlackRock Institutional Trust Company N.A. - iShares S&P 100 ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
XVV
iShares Trust - iShares ESG Screened S&P 500 ETF
SNPE
DBX ETF Trust - Xtrackers S&P 500 ESG ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
EFIV
SPDR Series Trust - SPDR S&P 500 ESG ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUSMC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with USMC using Composer

FAQ

USMC is a US Equities ETF. The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with very large ("mega") market capitalizations at the time of purchase. For this fund, companies with mega capitalizations are those with market capitalizations in the top 50th percentile of the S&P 500 Index at the time of purchase.

Yes, USMC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, USMC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on USMC is -0.0045%. This is the percent change in the value of USMC over the most recent 1-month period. The 3-month return on USMC is 0.0236%. This is the percent change in the value of USMC over the most recent 3-month period.

The standard deviation of USMC for the past year is 0.1733%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to USMC include IVV, MDY, and IJR.

ETFs correlated to USMC include OEF, IWL, and MGC.

ETFs that are inversely correlated to USMC include SDS, SH, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.