LCAP vs. BTEC

Last updated Apr 2, 2026

Compare and contrast key facts about Principal Capital Appreciation Select ETF (LCAP) and Principal Healthcare Innovators Index ETF (BTEC).

LCAP and BTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LCAP is an actively managed fund by Principal. It was launched on Mar 25, 2025. BTEC is a passively managed fund by Principal that tracks the performance of the NASDAQ U.S. Health Care Innovators Index. It was launched on Aug 19, 2016.

Performance

LCAP vs. BTEC - Performance Comparison

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

LCAP vs. BTEC - Yearly Performance Comparison

	2026 (YTD)
LCAP Principal Capital Appreciation Select ETF	-3.95%
BTEC Principal Healthcare Innovators Index ETF	0.00%

Returns By Period

LCAP

• 1D: 0.83%
• 1M: -4.01%
• YTD: -1.05%
• 6M: 0.21%
• 1Y: 18.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTEC

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LCAP vs. BTEC - Expense Ratio Comparison

LCAP has a 0.29% expense ratio, which is lower than BTEC's 0.42% expense ratio.

BTEC

Principal Healthcare Innovators Index ETF

LCAP

Principal Capital Appreciation Select ETF

Return for Risk

LCAP vs. BTEC — Risk / Return Rank

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

LCAP

LCAP Risk / Return Rank: 57
LCAP Sharpe Ratio Rank: 54
LCAP Sortino Ratio Rank: 58
LCAP Omega Ratio Rank: 56
LCAP Calmar Ratio Rank: 58
LCAP Martin Ratio Rank: 60

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.

LCAP vs. BTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Capital Appreciation Select ETF (LCAP) and Principal Healthcare Innovators Index ETF (BTEC). 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.

	LCAP	BTEC	Difference
Sharpe ratio Return per unit of total volatility	1.04	—	—
Sortino ratio Return per unit of downside risk	1.59	—	—
Omega ratio Gain probability vs. loss probability	1.22	—	—
Calmar ratio Return relative to maximum drawdown	1.69	—	—
Martin ratio Return relative to average drawdown	6.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LCAP	BTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	—	—

Dividends

LCAP vs. BTEC - Dividend Comparison

LCAP's dividend yield for the trailing twelve months is around 0.11%, while BTEC has not paid dividends to shareholders.

	TTM	2025
LCAP Principal Capital Appreciation Select ETF	0.11%	0.11%
BTEC Principal Healthcare Innovators Index ETF	0.00%	0.00%

Drawdowns

LCAP vs. BTEC - Drawdown Comparison

The maximum LCAP drawdown since its inception was -11.31%, which is greater than BTEC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for LCAP and BTEC.

Drawdown Indicators

	LCAP	BTEC	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	0.00%	-11.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	—	—
Current Drawdown Current decline from peak	-6.15%	0.00%	-6.15%
Average Drawdown Average peak-to-trough decline	-1.71%	0.00%	-1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	—	—

Volatility

Volatility by Period

	LCAP	BTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	0.00%	+17.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.58%	0.00%	+17.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.58%	0.00%	+17.58%