PBUS vs USMC: Holdings Overlap
Invesco · 537 holdings · $11.4B · as of 2026-05-31
USMCPrincipal U.S. Mega-Cap ETF
Principal · 26 holdings · $3.6B · as of 2026-03-31
Holdings snapshots are 61 days apart (PBUS: 2026-05-31, USMC: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are PBUS and USMC?
Invesco MSCI USA ETF (PBUS, by Invesco) holds 537 positions; Principal U.S. Mega-Cap ETF (USMC, by Principal) holds 26. They have 26 holdings in common, and by portfolio weight the two funds are 47.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 47.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 26PBUS holds 537 · USMC holds 26
- Weight in Shared Holdings
- PBUS 48%·USMC 100%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in PBUS
511 of 537 positions (51.7% of the fund) are not held by USMC. Showing the top 30 by weight.
Only in USMC
Every position in USMC is also held by PBUS, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | PBUS | USMC |
|---|---|---|
| Information Technology | 38.0% | 26.6% |
| Financials | 11.1% | 20.4% |
| Communication Services | 10.7% | 14.1% |
| Consumer Staples | 4.4% | 10.2% |
| Consumer Discretionary | 9.7% | 8.2% |
| Other Sectors | 25.7% | 20.2% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
| USMC | +2.9% | +11.9% | +21.9% | +20.8% | +14.5% | — | 0.74% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in PBUS vs USMC →
Shared Holdings(26)
The top 10 shared positions account for 76% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 7.77% | 7.57% | 7.57% |
|---|---|---|---|
 AAPLApple, Inc. | 6.94% | 6.70% | 6.70% |
 MSFTMicrosoft Corp. | 4.81% | 4.91% | 4.81% |
 AMZNAmazon.com, Inc. | 3.94% | 3.62% | 3.62% |
 GOOGLAlphabet Inc., Class A | 3.35% | 5.37% | 3.35% |
 AVGOBroadcom, Inc. | 3.05% | 4.50% | 3.05% |
 METAMeta Platforms, Inc., Class A | 2.09% | 4.11% | 2.09% |
 TSLATesla, Inc. | 1.86% | 2.36% | 1.86% |
 MUMicron Technology, Inc. | 1.65% | 2.95% | 1.65% |
 LLYEli Lilly and Co. | 1.34% | 2.23% | 1.34% |
 JPMJPMorgan Chase & Co. | 1.23% | 4.56% | 1.23% |
 BRK-BBerkshire Hathaway Inc., Class B | 0.99% | 3.42% | 0.99% |
 XOMExxon Mobil Corp. | 0.93% | 2.84% | 0.93% |
 VVisa Inc., Class A | 0.83% | 4.39% | 0.83% |
 JNJJohnson & Johnson | 0.82% | 3.54% | 0.82% |
 WMTWalmart, Inc. | 0.77% | 2.48% | 0.77% |
 COSTCostco Wholesale Corp. | 0.64% | 4.58% | 0.64% |
 MAMastercard Inc., Class A | 0.63% | 4.49% | 0.63% |
 CATCaterpillar, Inc. | 0.62% | 2.43% | 0.62% |
 ABBVAbbVie, Inc. | 0.58% | 3.37% | 0.58% |
 NFLXNetflix, Inc. | 0.55% | 4.65% | 0.55% |
 BACBank of America Corp. | 0.54% | 3.52% | 0.54% |
 CVXChevron Corp. | 0.53% | 2.83% | 0.53% |
 GEGeneral Electric Co. | 0.52% | 2.99% | 0.52% |
 PGProcter & Gamble Co. (The) | 0.51% | 3.11% | 0.51% |
Frequently Asked Questions
How much do PBUS and USMC overlap?
PBUS and USMC overlap by 47.2% of portfolio weight. They share 26 holdings (PBUS holds 537 positions and USMC holds 26), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PBUS and USMC?
The two portfolios are 47.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of PBUS and USMC?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 76% of the total overlap.
What does PBUS own that USMC doesn't?
511 positions (51.7% of PBUS) are unique to PBUS, led by GOOG, AMD and INTC. In the other direction, 0 positions (0.0% of USMC) are unique to USMC.