USMC vs TCAF: Holdings Overlap
USMCPrincipal U.S. Mega-Cap ETF
Principal · 26 holdings · $3.6B · as of 2026-03-31
TCAFT. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price · 92 holdings · $8.3B · as of 2026-03-31
How similar are USMC and TCAF?
Principal U.S. Mega-Cap ETF (USMC, by Principal) holds 26 positions; T. Rowe Price Capital Appreciation Equity ETF (TCAF, by T. Rowe Price) holds 92. 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
- 14USMC holds 26 · TCAF holds 92
- Weight in Shared Holdings
- USMC 61%·TCAF 44%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 USMC
12 of 26 positions (38.5% of the fund) are not held by TCAF.
Sector Breakdown
| Sector | USMC | TCAF |
|---|---|---|
| Information Technology | 26.6% | 30.5% |
| Financials | 20.4% | 7.1% |
| Health Care | 9.1% | 17.6% |
| Communication Services | 14.1% | 8.2% |
| Consumer Discretionary | 8.2% | 12.1% |
| Other Sectors | 21.3% | 21.0% |
| Unclassified | 0.0% | 3.3% |
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 (0% of USMC, 3% of TCAF).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| USMC | +2.9% | +11.9% | +21.9% | +20.8% | +14.5% | — | 0.74% |
| TCAF | +3.1% | +12.1% | +18.5% | +18.6% | — | — | 0.45% |
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 USMC vs TCAF →
Shared Holdings(14)
The top 10 shared positions account for 91% of the overlap, led by AAPL, NVDA and MSFT.
 AAPLApple Inc. COM | 6.70% | 5.95% | 5.95% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 7.57% | 5.34% | 5.34% |
 MSFTMicrosoft Corp. COM | 4.91% | 7.12% | 4.91% |
 GOOGLAlphabet Inc. CAP STK CL A | 5.37% | 4.05% | 4.05% |
 METAMeta Platforms, Inc., Class A | 4.11% | 3.93% | 3.93% |
 AMZNAmazon.com, Inc. COM | 3.62% | 6.40% | 3.62% |
 AVGOBroadcom Inc COM | 4.50% | 3.08% | 3.08% |
 JPMJPMorgan Chase & Co. COM | 4.56% | 1.67% | 1.67% |
 LLYEli Lilly & Co. COM | 2.23% | 1.44% | 1.44% |
 MAMasterCard Incorporated CL A | 4.49% | 1.43% | 1.43% |
 VVisa, Inc., Class A | 4.39% | 1.43% | 1.43% |
 GEGeneral Electric Co. | 2.99% | 0.86% | 0.86% |
 MUMicron Technology Inc. COM | 2.95% | 0.70% | 0.70% |
 CVXChevron Corp. COM | 2.83% | 0.32% | 0.32% |
Frequently Asked Questions
How much do USMC and TCAF overlap?
USMC and TCAF overlap by 38.7% of portfolio weight. They share 14 holdings (USMC holds 26 positions and TCAF holds 92), based on each fund's latest SEC-reported holdings.
Is it redundant to own both USMC and TCAF?
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 USMC and TCAF?
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 USMC own that TCAF doesn't?
12 positions (38.5% of USMC) are unique to USMC, led by NFLX, COST and JNJ. In the other direction, 78 positions (56.1% of TCAF) are unique to TCAF.