IG vs. LCAP

Last updated Aug 6, 2026

IG (Principal Investment Grade Corporate Active ETF) and LCAP (Principal Capital Appreciation Select ETF) are both exchange-traded funds - IG is a Corporate Bonds fund actively managed by Principal, while LCAP is a Large Cap Blend Equities fund actively managed by Principal. Both are actively managed. IG charges 0.26%/yr vs 0.29%/yr for LCAP.

Performance

IG vs. LCAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Investment Grade Corporate Active ETF (IG) and Principal Capital Appreciation Select ETF (LCAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IG

• 1D: -0.01%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

LCAP

• 1D: -0.14%
• 1M: 1.21%
• 6M: 12.06%
• YTD: 14.60%
• 1Y: 24.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IG Principal Investment Grade Corporate Active ETF	$311.84K	$311.84K	$311.84K
LCAP Principal Capital Appreciation Select ETF	$1.32M	$1.23M	$1.48M

IG vs. LCAP - Yearly Performance Comparison

	2026 (YTD)
IG Principal Investment Grade Corporate Active ETF	-0.01%
LCAP Principal Capital Appreciation Select ETF	-0.14%

Return for Risk

IG vs. LCAP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

LCAP

LCAP Risk / Return Rank: 69
LCAP Sharpe Ratio Rank: 69
LCAP Sortino Ratio Rank: 69
LCAP Omega Ratio Rank: 66
LCAP Calmar Ratio Rank: 67
LCAP Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IG vs. LCAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Investment Grade Corporate Active ETF (IG) 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.

	IG	LCAP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.82	—
Sortino ratio: Return per unit of downside risk	—	2.57	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.67	—
Martin ratio: Return relative to average drawdown	—	10.38	—

Drawdowns

IG vs. LCAP - Drawdown Comparison

The maximum IG drawdown since its inception was -0.01%, smaller than the maximum LCAP drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for IG and LCAP.

Drawdown Indicators

	IG	LCAP	Difference
Max Drawdown Largest peak-to-trough decline	-0.01%	-11.78%	+11.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.32%	—
Current Drawdown Current decline from peak	-0.01%	-0.14%	+0.13%
Average Drawdown Average peak-to-trough decline	-0.01%	-1.64%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.39%	—

Volatility

Volatility by Period

	IG	LCAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.67%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.62%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.62%	—

IG vs. LCAP - Expense Ratio Comparison

IG has a 0.26% expense ratio, which is lower than LCAP's 0.29% expense ratio.

Dividends

IG vs. LCAP - Dividend Comparison

IG has not paid dividends to shareholders, while LCAP's dividend yield for the trailing twelve months is around 0.09%.

Position	TTM	2025
IG Principal Investment Grade Corporate Active ETF	0.00%	0.00%
LCAP Principal Capital Appreciation Select ETF	0.09%	0.11%

Frequently Asked Questions

Which ETF is better, IG or LCAP?

On fees, IG is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IG or LCAP?

IG is cheaper with a 0.26% expense ratio, compared with 0.29% for LCAP.

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

LCAP has the higher dividend yield at 0.09%, compared with 0.00% for IG.

What is the main difference between IG and LCAP?

IG is categorized as Corporate Bonds, while LCAP is Large Cap Blend Equities. Their fees differ too: 0.26% for IG and 0.29% for LCAP.