LCAP vs. TEXN

Last updated Jul 12, 2026

LCAP (Principal Capital Appreciation Select ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds. LCAP is actively managed, while TEXN is passively managed. Over the past year, LCAP returned 24.93% vs 27.38% for TEXN. A 0.55 correlation means they provide meaningful diversification when combined. LCAP charges 0.29%/yr vs 0.20%/yr for TEXN.

Performance

LCAP vs. TEXN - Performance Comparison

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

Returns By Period

In the year-to-date period, LCAP achieves a 13.51% return, which is significantly lower than TEXN's 20.27% return.

LCAP

• 1D: 0.33%
• 1M: 3.17%
• 6M: 10.70%
• YTD: 13.51%
• 1Y: 24.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TEXN

• 1D: 0.09%
• 1M: -1.67%
• 6M: 16.36%
• YTD: 20.27%
• 1Y: 27.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LCAP vs. TEXN - Yearly Performance Comparison

	2026 (YTD)	2025
LCAP Principal Capital Appreciation Select ETF	13.51%	12.78%
TEXN iShares Texas Equity ETF	20.27%	8.33%

Correlation

The correlation between LCAP and TEXN is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.55

The correlation between LCAP and TEXN has been stable across timeframes, ranging from 0.55 to 0.56 - a consistent structural relationship.

Return for Risk

LCAP vs. TEXN — Risk / Return Rank

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

LCAP

LCAP Risk / Return Rank: 70
LCAP Sharpe Ratio Rank: 72
LCAP Sortino Ratio Rank: 72
LCAP Omega Ratio Rank: 70
LCAP Calmar Ratio Rank: 66
LCAP Martin Ratio Rank: 71

TEXN

TEXN Risk / Return Rank: 77
TEXN Sharpe Ratio Rank: 73
TEXN Sortino Ratio Rank: 74
TEXN Omega Ratio Rank: 70
TEXN Calmar Ratio Rank: 89
TEXN Martin Ratio Rank: 82

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. TEXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Capital Appreciation Select ETF (LCAP) and iShares Texas Equity ETF (TEXN). 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	TEXN	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.87	-0.03
Sortino ratio: Return per unit of downside risk	2.59	2.64	-0.05
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.64	4.18	-1.53
Martin ratio: Return relative to average drawdown	10.41	12.75	-2.34

LCAP vs. TEXN - Sharpe Ratio Comparison

The current LCAP Sharpe Ratio is 1.84, which is comparable to the TEXN Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of LCAP and TEXN, 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

LCAP vs. TEXN - Drawdown Comparison

The maximum LCAP drawdown since its inception was -11.78%, which is greater than TEXN's maximum drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for LCAP and TEXN.

Drawdown Indicators

	LCAP	TEXN	Difference
Max Drawdown Largest peak-to-trough decline	-11.78%	-6.48%	-5.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-6.48%	-2.84%
Current Drawdown Current decline from peak	0.00%	-4.73%	+4.73%
Average Drawdown Average peak-to-trough decline	-1.66%	-1.43%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	2.12%	+0.24%

Volatility

LCAP vs. TEXN - Volatility Comparison

Principal Capital Appreciation Select ETF (LCAP) and iShares Texas Equity ETF (TEXN) have volatilities of 4.06% and 4.12%, 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.

Volatility by Period

	LCAP	TEXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	4.12%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	10.81%	10.22%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	13.42%	14.54%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	14.51%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	14.51%	+2.27%

LCAP vs. TEXN - Expense Ratio Comparison

LCAP has a 0.29% expense ratio, which is higher than TEXN's 0.20% expense ratio.

Dividends

LCAP vs. TEXN - Dividend Comparison

LCAP's dividend yield for the trailing twelve months is around 0.09%, less than TEXN's 1.40% yield.

Position	TTM	2025
LCAP Principal Capital Appreciation Select ETF	0.09%	0.11%
TEXN iShares Texas Equity ETF	1.40%	0.86%

Frequently Asked Questions

Can I hold both LCAP and TEXN in my portfolio?

LCAP and TEXN have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCAP or TEXN?

TEXN has higher volatility (4.12%) compared to LCAP (4.06%). In terms of maximum drawdown, LCAP dropped -11.78% vs TEXN's -6.48%.

Which ETF is better, LCAP or TEXN?

On 1-year performance, TEXN leads with 27.38% vs 24.93% for LCAP. On fees, TEXN is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCAP or TEXN?

Over the 1-year period, TEXN has performed better with a 27.38% return vs 24.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCAP or TEXN?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.29% for LCAP.

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

TEXN has the higher dividend yield at 1.40%, compared with 0.09% for LCAP.

What is the main difference between LCAP and TEXN?

They also come from different issuers: Principal and iShares. Their fees differ too: 0.29% for LCAP and 0.20% for TEXN.

Which has better risk-adjusted returns?

TEXN currently has the higher Sharpe Ratio (1.87 vs 1.84), 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.