Principal Mega Cap Etf Profile
USMC Etf | USD 49.65 0.63 1.29% |
Performance5 of 100
| Odds Of DistressLess than 9
|
Principal Mega is trading at 49.65 as of the 24th of April 2024, a 1.29 percent increase since the beginning of the trading day. The etf's open price was 49.02. Principal Mega has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Principal Mega Cap ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. companies with very large market capitalizations at the time of purchase. Principal is traded on NASDAQ Exchange in the United States.. More on Principal Mega Cap ETF
Moving together with Principal Etf
0.96 | VTI | Vanguard Total Stock | PairCorr |
0.92 | SPY | SPDR SP 500 | PairCorr |
0.95 | IVV | iShares Core SP | PairCorr |
0.91 | VIG | Vanguard Dividend | PairCorr |
0.92 | VV | Vanguard Large Cap | PairCorr |
0.88 | RSP | Invesco SP 500 | PairCorr |
0.95 | IWB | iShares Russell 1000 | PairCorr |
Moving against Principal Etf
0.54 | AMPD | Tidal Trust II | PairCorr |
Principal Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Principal Mega's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Principal Mega or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas | (View all Themes) |
Business Concentration | Large Cap ETFs, Size And Style ETFs, Large Blend, Principal Funds (View all Sectors) |
Issuer | Principal |
Inception Date | 2017-10-11 |
Entity Type | Regulated Investment Company |
Asset Under Management | 2.16 Billion |
Average Trading Valume | 42,081.3 |
Asset Type | Equity |
Category | Size and Style |
Focus | Large Cap |
Market Concentration | Developed Markets |
Region | North America |
Administrator | State Street Bank and Trust Company |
Advisor | Principal Global Investors, LLC |
Custodian | State Street Bank and Trust Company |
Distributor | ALPS Distributors, Inc. |
Portfolio Manager | Jeffrey A. Schwarte, Aaron J. Siebel |
Transfer Agent | State Street Bank and Trust Company |
Fiscal Year End | 30-Jun |
Exchange | NASDAQ |
Number of Constituents | 43.0 |
Market Maker | GTS |
Total Expense | 0.15 |
Management Fee | 0.15 |
Country Name | USA |
Returns Y T D | 5.16 |
Name | Principal U.S. Mega-Cap ETF |
Currency Code | USD |
In Threey Volatility | 16.97 |
1y Volatility | 12.55 |
200 Day M A | 46.2691 |
50 Day M A | 50.4631 |
Code | USMC |
Updated At | 23rd of April 2024 |
Currency Name | US Dollar |
In Threey Sharp Ratio | 0.67 |
Type | ETF |
Principal Mega Cap ETF [USMC] is traded in USA and was established 2017-10-11. The fund is listed under Large Blend category and is part of Principal Funds family. The entity is thematically classified as Large Cap ETFs. Principal Mega Cap at this time have 1000 M in net assets. , while the total return for the last 3 years was 10.3%.
Check Principal Mega Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Principal Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Principal Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Principal Mega Cap ETF Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Principal Mega Cap ETF Etf Constituents
DIS | Walt Disney | Stock | Communication Services |
COST | Costco Wholesale Corp | Stock | Consumer Staples |
AMZN | Amazon Inc | Stock | Consumer Discretionary |
HON | Honeywell International | Stock | Industrials |
PFE | Pfizer Inc | Stock | Health Care |
TMO | Thermo Fisher Scientific | Stock | Health Care |
KHC | Kraft Heinz Co | Stock | Consumer Staples |
Principal Mega Target Price Odds Analysis
What are Principal Mega's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Principal Mega jumping above the current price in 90 days from now is about 59.6%. The Principal Mega Cap ETF probability density function shows the probability of Principal Mega etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Principal Mega has a beta of 0.9643. This usually implies Principal Mega Cap ETF market returns are highly-sensitive to returns on the market. As the market goes up or down, Principal Mega is expected to follow. Additionally, principal Mega Cap ETF has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Principal Mega to move above the current price in 90 days from now is about 59.6 (This Principal Mega Cap ETF probability density function shows the probability of Principal Etf to fall within a particular range of prices over 90 days) .
Principal Mega Top Holders
SCUPX | Strategic Asset Management | Mutual Fund | Allocation--15% to 30% Equity |
PIFIX | Strategic Asset Management | Mutual Fund | Allocation--15% to 30% Equity |
SAUPX | Strategic Asset Management | Mutual Fund | Allocation--15% to 30% Equity |
PCGPX | Strategic Asset Management | Mutual Fund | Allocation--70% to 85% Equity |
SAIPX | Strategic Asset Management | Mutual Fund | Allocation--30% to 50% Equity |
PCSSX | Strategic Asset Management | Mutual Fund | Allocation--30% to 50% Equity |
SCIPX | Strategic Asset Management | Mutual Fund | Allocation--30% to 50% Equity |
Principal Mega Cap Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Principal Mega market risk premium is the additional return an investor will receive from holding Principal Mega long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Principal Mega. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Principal Mega's alpha and beta are two of the key measurements used to evaluate Principal Mega's performance over the market, the standard measures of volatility play an important role as well.
Risk Adjusted Performance | 0.0492 | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.05) | |||
Sortino Ratio | (0.04) |
Principal Mega Against Markets
Picking the right benchmark for Principal Mega etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Principal Mega etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Principal Mega is critical whether you are bullish or bearish towards Principal Mega Cap ETF at a given time. Please also check how Principal Mega's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Principal Mega without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Risk-Return Analysis Now
Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
All Next | Launch Module |
How to buy Principal Etf?
Before investing in Principal Mega, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Principal Mega. To buy Principal Mega etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Principal Mega. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Principal Mega etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Principal Mega Cap ETF etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Principal Mega Cap ETF etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Principal Mega Cap ETF, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Principal Etf please use our How to Invest in Principal Mega guide.
Already Invested in Principal Mega Cap ETF?
The danger of trading Principal Mega Cap ETF is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Principal Mega is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Principal Mega. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Principal Mega Cap is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Principal Mega Cap offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Principal Mega's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Principal Mega Cap Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Principal Mega Cap Etf: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Principal Mega Cap ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Stocks Directory module to find actively traded stocks across global markets.
The market value of Principal Mega Cap is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Mega's value that differs from its market value or its book value, called intrinsic value, which is Principal Mega's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Principal Mega's market value can be influenced by many factors that don't directly affect Principal Mega's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Principal Mega's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Mega is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Mega's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.