TCAF vs USMC: Holdings Overlap
TCAFT. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price · 92 holdings · $8.3B · as of 2026-03-31
USMCPrincipal U.S. Mega-Cap ETF
Principal · 26 holdings · $3.6B · as of 2026-03-31
How similar are TCAF and USMC?
T. Rowe Price Capital Appreciation Equity ETF (TCAF, by T. Rowe Price) holds 92 positions; Principal U.S. Mega-Cap ETF (USMC, by Principal) holds 26. They have 14 holdings in common, and by portfolio weight the two funds are 38.7% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 38.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14TCAF holds 92 · USMC holds 26
- Weight in Shared Holdings
- TCAF 44%·USMC 61%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 TCAF
78 of 92 positions (56.1% of the fund) are not held by USMC. Showing the top 30 by weight.
Sector Breakdown
| Sector | TCAF | USMC |
|---|---|---|
| Information Technology | 30.5% | 26.6% |
| Financials | 7.1% | 20.4% |
| Health Care | 17.6% | 9.1% |
| Communication Services | 8.2% | 14.1% |
| Consumer Discretionary | 12.1% | 8.2% |
| Other Sectors | 21.0% | 21.3% |
| Unclassified | 3.3% | 0.0% |
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. “Unclassified” is weight we could not classify (3% of TCAF, 0% of USMC).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| TCAF | +3.1% | +12.1% | +18.5% | +18.6% | — | — | 0.45% |
| 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 TCAF vs USMC →
Shared Holdings(14)
The top 10 shared positions account for 91% of the overlap, led by AAPL, NVDA and MSFT.
 AAPLApple Inc. COM | 5.95% | 6.70% | 5.95% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 5.34% | 7.57% | 5.34% |
 MSFTMicrosoft Corp. COM | 7.12% | 4.91% | 4.91% |
 GOOGLAlphabet Inc. CAP STK CL A | 4.05% | 5.37% | 4.05% |
 METAMeta Platforms, Inc., Class A | 3.93% | 4.11% | 3.93% |
 AMZNAmazon.com, Inc. COM | 6.40% | 3.62% | 3.62% |
 AVGOBroadcom Inc COM | 3.08% | 4.50% | 3.08% |
 JPMJPMorgan Chase & Co. COM | 1.67% | 4.56% | 1.67% |
 LLYEli Lilly & Co. COM | 1.44% | 2.23% | 1.44% |
 MAMasterCard Incorporated CL A | 1.43% | 4.49% | 1.43% |
 VVisa, Inc., Class A | 1.43% | 4.39% | 1.43% |
 GEGeneral Electric Co. | 0.86% | 2.99% | 0.86% |
 MUMicron Technology Inc. COM | 0.70% | 2.95% | 0.70% |
 CVXChevron Corp. COM | 0.32% | 2.83% | 0.32% |
Frequently Asked Questions
How much do TCAF and USMC overlap?
TCAF and USMC overlap by 38.7% of portfolio weight. They share 14 holdings (TCAF holds 92 positions and USMC holds 26), based on each fund's latest SEC-reported holdings.
Is it redundant to own both TCAF and USMC?
The two portfolios are 38.7% 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 TCAF and USMC?
The largest positions held by both funds are AAPL, NVDA, MSFT, GOOGL and META. Together the top 10 shared positions account for 91% of the total overlap.
What does TCAF own that USMC doesn't?
78 positions (56.1% of TCAF) are unique to TCAF, led by CNP, NI and KDP. In the other direction, 12 positions (38.5% of USMC) are unique to USMC.