GQI vs USMC
Natixis Gateway Quality Income ETF vs Principal U.S. Mega-Cap ETF
Which is better, GQI or USMC?
Each has led over a different period.
USMC has a lower expense ratio. GQI led over 1Y, USMC over the full window. The two have moved almost in lockstep, correlation 0.93.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GQI | USMC |
|---|---|---|
| Expense Ratio | 0.34% | 0.12%Best |
| AUM | $304M | $5.2B |
| Dividend Yield | 8.66% | 0.74% |
| Holdings | 110 | 58 |
| YTD Return | +15.06%Best | +13.98% |
| 1Y Return | +21.24%Best | +14.91% |
| 3Y Return (annualized) | - | +22.22% |
| 5Y Return (annualized) | - | +14.81% |
| Volatility (annualized) | 8.8%Best | 11.7% |
| Max Drawdown | -16.6%Best | -19.1% |
| $10,000 over 2.8 years | $15,358 | $17,002Best |
| Fund Family | Natixis Funds | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 13, 2023 | Oct 11, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 13, 2023 to Oct 14, 2026 (2.8 years).
GQI vs USMC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
GQI vs USMC Performance
Natixis Gateway Quality Income ETF (GQI) is an ETF from Natixis Funds and Principal U.S. Mega-Cap ETF (USMC) is an ETF from Principal Funds. Over the past year GQI returned +21.24% while USMC returned +14.91%. Year to date, GQI is up 15.06% versus a gain of 13.98% for USMC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USMC has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 8.8% for GQI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.6% for GQI and -19.1% for USMC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GQI charges 0.34% per year while USMC charges 0.12%. On a $10,000 position that is $34 vs $12 annually, a gap of $22 per year that compounds over a long holding period. On income, GQI currently yields 8.66% against 0.74% for USMC.
Holdings Overlap
At least 79.3% of USMC's money is in holdings GQI also owns.
Stated as a floor: for GQI, our book for it covers 89.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of USMC is already inside GQI. Owning both mostly buys the same companies twice.
19 positions in common, counted across the 118 positions we hold weights for in GQI and 27 in USMC, against full books of 110 and 58.
Top Shared Holdings
| Stock | Weight in GQI | Weight in USMC | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.31% | 7.99% | 0.32% |
| AAPLApple, Inc | 7.52% | 7.40% | 0.12% |
| GOOGLAlphabet Inc Cap Stk Cl A | 5.23% | 5.33% | 0.10% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.06% | 5.55% | 1.49% |
| MUMicron Technology, Inc. | 1.86% | 7.18% | 5.32% |
| AMZNAmazon.Com Inc | 3.31% | 3.77% | 0.46% |
| MAMastercard Inc | 2.31% | 4.32% | 2.01% |
| AVGOBroadcom Inc | 2.08% | 4.44% | 2.36% |
| METAMeta Platform Inc | 2.11% | 3.92% | 1.81% |
| JPMJpmorgan Chase | 1.29% | 4.65% | 3.36% |
79.3% of USMC is already inside GQI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GQI or USMC?
GQI has an expense ratio of 0.34% while USMC charges 0.12%. USMC is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, GQI or USMC?
Over the past year GQI returned +21.24% vs +14.91% for USMC, so GQI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GQI or USMC?
USMC has been the more volatile fund at 11.7% annualized versus 8.8% for GQI. Worst drawdown: GQI -16.6% vs USMC -19.1%.
Should I hold both GQI and USMC?
GQI and USMC have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GQI and USMC?
At least 79.3% of USMC's money is in holdings GQI also owns. Our book for GQI is partial, so the real figure is this or higher. They hold 19 positions in common, counted across the 118 positions we hold weights for in GQI and 27 in USMC.
Which pays a higher dividend, GQI or USMC?
GQI yields 8.66% while USMC yields 0.74%, so GQI currently pays the higher dividend yield.
Is USMC better than GQI?
USMC has a lower expense ratio. GQI led over 1Y, USMC over the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.