LCAP vs. PSET
Compare and contrast key facts about Principal Capital Appreciation Select ETF (LCAP) and Principal Quality ETF (PSET).
LCAP and PSET 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. PSET is a passively managed fund by Principal that tracks the performance of the NASDAQ US Price Setters. It was launched on Mar 21, 2016.
Performance
LCAP vs. PSET - Performance Comparison
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LCAP vs. PSET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LCAP Principal Capital Appreciation Select ETF | -1.05% | 18.16% |
PSET Principal Quality ETF | -8.20% | 13.49% |
Returns By Period
In the year-to-date period, LCAP achieves a -1.05% return, which is significantly higher than PSET's -8.20% return.
LCAP
- 1D
- 0.83%
- 1M
- -4.01%
- YTD
- -1.05%
- 6M
- 0.21%
- 1Y
- 18.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSET
- 1D
- 0.68%
- 1M
- -6.54%
- YTD
- -8.20%
- 6M
- -7.98%
- 1Y
- 6.17%
- 3Y*
- 10.86%
- 5Y*
- 8.23%
- 10Y*
- 11.96%
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LCAP vs. PSET - Expense Ratio Comparison
LCAP has a 0.29% expense ratio, which is higher than PSET's 0.15% expense ratio.
Return for Risk
LCAP vs. PSET — Risk / Return Rank
LCAP
PSET
LCAP vs. PSET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Capital Appreciation Select ETF (LCAP) and Principal Quality ETF (PSET). 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 | PSET | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.32 | +0.72 |
Sortino ratioReturn per unit of downside risk | 1.59 | 0.61 | +0.98 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.09 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 0.52 | +1.16 |
Martin ratioReturn relative to average drawdown | 6.96 | 1.81 | +5.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LCAP | PSET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.32 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.67 | +0.28 |
Correlation
The correlation between LCAP and PSET is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LCAP vs. PSET - Dividend Comparison
LCAP's dividend yield for the trailing twelve months is around 0.11%, less than PSET's 0.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LCAP Principal Capital Appreciation Select ETF | 0.11% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSET Principal Quality ETF | 0.68% | 0.59% | 0.69% | 0.85% | 1.47% | 0.89% | 1.09% | 1.52% | 1.33% | 1.02% | 1.26% |
Drawdowns
LCAP vs. PSET - Drawdown Comparison
The maximum LCAP drawdown since its inception was -11.31%, smaller than the maximum PSET drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for LCAP and PSET.
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Drawdown Indicators
| LCAP | PSET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.31% | -34.74% | +23.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -12.94% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.74% | — |
Current DrawdownCurrent decline from peak | -6.15% | -10.14% | +3.99% |
Average DrawdownAverage peak-to-trough decline | -1.71% | -4.59% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.75% | -1.08% |
Volatility
LCAP vs. PSET - Volatility Comparison
Principal Capital Appreciation Select ETF (LCAP) and Principal Quality ETF (PSET) have volatilities of 5.21% and 5.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCAP | PSET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 5.14% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 9.90% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 19.31% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 17.49% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 18.02% | -0.44% |