BCHP vs. LCAP

Last updated Jun 23, 2026

BCHP (Principal Focused Blue Chip ETF) and LCAP (Principal Capital Appreciation Select ETF) are both exchange-traded funds - BCHP is a Large Cap Growth Equities fund actively managed by Principal, while LCAP is a Large Cap Blend Equities fund actively managed by Principal. Both are actively managed. Over the past year, BCHP returned 2.55% vs 26.90% for LCAP. Their correlation of 0.82 suggests significant overlap in exposure. BCHP charges 0.58%/yr vs 0.29%/yr for LCAP.

Performance

BCHP vs. LCAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Focused Blue Chip ETF (BCHP) and Principal Capital Appreciation Select ETF (LCAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCHP achieves a -4.08% return, which is significantly lower than LCAP's 11.31% return.

BCHP

• 1D: -2.07%
• 1M: -3.85%
• YTD: -4.08%
• 6M: -4.11%
• 1Y: 2.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LCAP

• 1D: -0.48%
• 1M: 0.18%
• YTD: 11.31%
• 6M: 10.79%
• 1Y: 26.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCHP vs. LCAP - Yearly Performance Comparison

	2026 (YTD)	2025
BCHP Principal Focused Blue Chip ETF	-4.08%	11.72%
LCAP Principal Capital Appreciation Select ETF	11.31%	17.53%

Correlation

The correlation between BCHP and LCAP is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025	0.82

The correlation between BCHP and LCAP has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

Return for Risk

BCHP vs. LCAP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCHP

BCHP Risk / Return Rank: 10
BCHP Sharpe Ratio Rank: 11
BCHP Sortino Ratio Rank: 10
BCHP Omega Ratio Rank: 10
BCHP Calmar Ratio Rank: 10
BCHP Martin Ratio Rank: 10

LCAP

LCAP Risk / Return Rank: 63
LCAP Sharpe Ratio Rank: 64
LCAP Sortino Ratio Rank: 63
LCAP Omega Ratio Rank: 62
LCAP Calmar Ratio Rank: 60
LCAP Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCHP vs. LCAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Focused Blue Chip ETF (BCHP) and Principal Capital Appreciation Select ETF (LCAP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BCHP	LCAP	Difference
Sharpe ratio: Return per unit of total volatility	0.15	2.03	-1.88
Sortino ratio: Return per unit of downside risk	0.32	2.84	-2.52
Omega ratio: Gain probability vs. loss probability	1.04	1.36	-0.32
Calmar ratio: Return relative to maximum drawdown	0.14	2.90	-2.76
Martin ratio: Return relative to average drawdown	0.45	11.57	-11.12

BCHP vs. LCAP - Sharpe Ratio Comparison

The current BCHP Sharpe Ratio is 0.15, which is lower than the LCAP Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of BCHP and LCAP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCHP vs. LCAP - Drawdown Comparison

The maximum BCHP drawdown since its inception was -18.56%, which is greater than LCAP's maximum drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for BCHP and LCAP.

Drawdown Indicators

	BCHP	LCAP	Difference
Max Drawdown Largest peak-to-trough decline	-18.56%	-11.78%	-6.78%
Max Drawdown (1Y) Largest decline over 1 year	-18.12%	-9.32%	-8.80%
Current Drawdown Current decline from peak	-6.82%	-1.50%	-5.32%
Average Drawdown Average peak-to-trough decline	-3.00%	-1.68%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.74%	2.33%	+3.41%

Volatility

BCHP vs. LCAP - Volatility Comparison

Principal Focused Blue Chip ETF (BCHP) has a higher volatility of 6.09% compared to Principal Capital Appreciation Select ETF (LCAP) at 4.58%. This indicates that BCHP's price experiences larger fluctuations and is considered to be riskier than LCAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCHP	LCAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	4.58%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	13.76%	10.71%	+3.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.59%	13.33%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.00%	16.96%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	16.96%	+0.04%

BCHP vs. LCAP - Expense Ratio Comparison

BCHP has a 0.58% expense ratio, which is higher than LCAP's 0.29% expense ratio.

Dividends

BCHP vs. LCAP - Dividend Comparison

BCHP has not paid dividends to shareholders, while LCAP's dividend yield for the trailing twelve months is around 0.10%.

Position	TTM	2025	2024	2023
BCHP Principal Focused Blue Chip ETF	0.00%	0.00%	1.02%	0.19%
LCAP Principal Capital Appreciation Select ETF	0.10%	0.11%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCHP and LCAP in my portfolio?

BCHP and LCAP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCHP or LCAP?

BCHP has higher volatility (6.09%) compared to LCAP (4.58%). In terms of maximum drawdown, BCHP dropped -18.56% vs LCAP's -11.78%.

Which ETF is better, BCHP or LCAP?

On 1-year performance, LCAP leads with 26.90% vs 2.55% for BCHP. On fees, LCAP is cheaper at 0.29% per year. On volatility, LCAP has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCHP or LCAP?

Over the 1-year period, LCAP has performed better with a 26.90% return vs 2.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCHP or LCAP?

LCAP is cheaper with a 0.29% expense ratio, compared with 0.58% for BCHP.

Which ETF pays a higher dividend yield, BCHP or LCAP?

LCAP has the higher dividend yield at 0.10%, compared with 0.00% for BCHP.

What is the main difference between BCHP and LCAP?

BCHP is categorized as Large Cap Growth Equities, while LCAP is Large Cap Blend Equities. Their fees differ too: 0.58% for BCHP and 0.29% for LCAP.

Which has better risk-adjusted returns?

LCAP currently has the higher Sharpe Ratio (2.03 vs 0.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.