LCAP vs. IG
LCAP (Principal Capital Appreciation Select ETF) and IG (Principal Investment Grade Corporate Active ETF) are both exchange-traded funds - LCAP is a Large Cap Blend Equities fund actively managed by Principal, while IG is a Corporate Bonds fund actively managed by Principal. Both are actively managed. Their 0.54 correlation means they have sometimes moved together and sometimes differently. LCAP charges 0.29%/yr vs 0.26%/yr for IG.
Performance
LCAP vs. IG - Performance Comparison
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Returns By Period
LCAP
- 1D
- 0.55%
- 1M
- -0.09%
- 6M
- 9.49%
- YTD
- 12.05%
- 1Y
- 23.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.68%
IG
- 1D
- -0.19%
- 1M
- -2.02%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.13M | $833.84K | $963.03K | |
| $1.37M | $1.20M | $1.62M |
LCAP vs. IG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LCAP Principal Capital Appreciation Select ETF | 5.72% |
IG Principal Investment Grade Corporate Active ETF | -1.64% |
Correlation
The correlation between LCAP and IG is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026 | 0.54 |
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Return for Risk
LCAP vs. IG — Risk / Return Rank
LCAP
IG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LCAP vs. IG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Capital Appreciation Select ETF (LCAP) and Principal Investment Grade Corporate Active ETF (IG). 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.
| LCAP | IG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | — | — |
| Martin ratioReturn relative to average drawdown | 8.98 | — | — |
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Drawdowns
LCAP vs. IG - Drawdown Comparison
The maximum LCAP drawdown since its inception was -11.78%, which is greater than IG's maximum drawdown of -2.37%. Use the drawdown chart below to compare losses from any high point for LCAP and IG.
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Drawdown Indicators
| LCAP | IG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.78% | -2.37% | -9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | — | — |
Current DrawdownCurrent decline from peak | -1.52% | -2.37% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -0.75% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | — | — |
Volatility
LCAP vs. IG - Volatility Comparison
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Volatility by Period
| LCAP | IG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 4.54% | +9.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 4.54% | +12.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 4.54% | +12.09% |
LCAP vs. IG - Expense Ratio Comparison
LCAP has a 0.29% expense ratio, which is higher than IG's 0.26% expense ratio.
Dividends
LCAP vs. IG - Dividend Comparison
LCAP's dividend yield for the trailing twelve months is around 0.10%, less than IG's 1.28% yield.
| Position | TTM | 2025 |
|---|---|---|
IG Principal Investment Grade Corporate Active ETF | 1.28% | 0.00% |
LCAP Principal Capital Appreciation Select ETF | 0.10% | 0.11% |
Frequently Asked Questions
LCAP and IG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IG is cheaper with a 0.26% expense ratio, compared with 0.29% for LCAP.
IG has the higher dividend yield at 1.28%, compared with 0.10% for LCAP.
LCAP is categorized as Large Cap Blend Equities, while IG is Corporate Bonds. Their fees differ too: 0.29% for LCAP and 0.26% for IG.
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