USMC vs USMV: Holdings Overlap
USMCPrincipal U.S. Mega-Cap ETF
Principal · 26 holdings · $3.6B · as of 2026-03-31
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
Holdings snapshots are 30 days apart (USMC: 2026-03-31, USMV: 2026-04-30). 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 USMC and USMV?
Principal U.S. Mega-Cap ETF (USMC, by Principal) holds 26 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 20 holdings in common, and by portfolio weight the two funds are 16.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20USMC holds 26 · USMV holds 170
- Weight in Shared Holdings
- USMC 78%·USMV 16%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
6 of 26 positions (21.2% of the fund) are not held by USMV.
Only in USMV
150 of 170 positions (83.8% of the fund) are not held by USMC. Showing the top 30 by weight.
Sector Breakdown
| Sector | USMC | USMV |
|---|---|---|
| Information Technology | 26.6% | 29.2% |
| Financials | 20.4% | 13.7% |
| Communication Services | 14.1% | 5.9% |
| Health Care | 9.1% | 12.7% |
| Consumer Staples | 10.2% | 9.9% |
| Other Sectors | 19.3% | 28.3% |
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.
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% |
| USMV | +2.3% | +7.6% | +10.3% | +12.2% | +7.4% | +9.9% | 1.44% |
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 USMV →
Shared Holdings(20)
The top 10 shared positions account for 78% of the overlap, led by NVDA, XOM and MSFT.
 NVDANVIDIA Corp. COM | 7.57% | 1.63% | 1.63% |
|---|---|---|---|
 XOMExxon Mobil Corp. COM | 2.84% | 1.60% | 1.60% |
 MSFTMicrosoft Corp. COM | 4.91% | 1.56% | 1.56% |
 JNJJohnson & Johnson COM | 3.54% | 1.43% | 1.43% |
 BRK-BBerkshire Hathaway, Inc., Class B | 3.42% | 1.41% | 1.41% |
 MAMasterCard Incorporated CL A | 4.49% | 1.15% | 1.15% |
 PGThe Procter & Gamble Co. COM | 3.11% | 1.10% | 1.10% |
 VVisa, Inc., Class A | 4.39% | 0.94% | 0.94% |
 WMTWalmart Inc COM | 2.48% | 0.87% | 0.87% |
 AAPLApple Inc. COM | 6.70% | 0.82% | 0.82% |
 LLYEli Lilly & Co. COM | 2.23% | 0.66% | 0.66% |
 ABBVAbbVie Inc. COM | 3.37% | 0.63% | 0.63% |
 AVGOBroadcom Inc COM | 4.50% | 0.50% | 0.50% |
 MUMicron Technology Inc. COM | 2.95% | 0.42% | 0.42% |
 CVXChevron Corp. COM | 2.83% | 0.41% | 0.41% |
 COSTCostco Wholesale Corporation COM | 4.58% | 0.32% | 0.32% |
 NFLXNetflix, Inc. COM | 4.65% | 0.23% | 0.23% |
 AMZNAmazon.com, Inc. COM | 3.62% | 0.15% | 0.15% |
 METAMeta Platforms, Inc., Class A | 4.11% | 0.09% | 0.09% |
 HDHome Depot, Inc. (The) | 2.20% | 0.08% | 0.08% |
Frequently Asked Questions
How much do USMC and USMV overlap?
USMC and USMV overlap by 16.0% of portfolio weight. They share 20 holdings (USMC holds 26 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both USMC and USMV?
The two portfolios are 16.0% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of USMC and USMV?
The largest positions held by both funds are NVDA, XOM, MSFT, JNJ and BRK-B. Together the top 10 shared positions account for 78% of the total overlap.
What does USMC own that USMV doesn't?
6 positions (21.2% of USMC) are unique to USMC, led by GOOGL, JPM and BAC. In the other direction, 150 positions (83.8% of USMV) are unique to USMV.