Principal Capital Appreciation Select ETF (LCAP) Performance
LCAP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.5% since Dec 31, 2025
- 1 year
- +14.6% total return
- Since first price
- +34.1% since 2025
LCAP trailing returns vs SPY, QQQ, AGG
| Period | LCAP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.8% | −0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.0% | +2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.3% | +6.3% | +7.8% | +8.4% | −1.5% |
| YTD | +13.5% | +13.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.6% | +14.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 26, 2025 | +34.1% | +33.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LCAP vs SPY
From Mar 26, 2025: LCAP grew to $13,408, SPY to $13,588.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LCAP returns by calendar year
2026 is year to date.
LCAP annual returns table
| Year | LCAP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.5% | −9.3% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LCAP largest drawdowns
Now 2.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 26, 2025 | −11.3% | Apr 8, 2025 | May 2, 2025 | 13 days | 37 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LCAP risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +23.1% |
| Volatility (annualized) | 10.6% |
| Sharpe ratio | 1.68 |
| Sortino ratio | 4.27 |
| Best month | +10.3% |
| Worst month | −4.6% |
| Best 12 months | +29.9% |
| Worst 12 months | +16.2% |
| Positive months | 78% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LCAP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | +12.7% | +20.8% | +29.9% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
LCAP performance overview
Principal Capital Appreciation Select ETF (LCAP) returned +14.6% over the past year, with distributions reinvested. Since its first recorded price on Mar 26, 2025 it has returned +34.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −11.3%, from Mar 26, 2025 to Apr 8, 2025, and it took 24 days to get back to the old high. Volatility has been 10.6% a year.
Related: LCAP chart, LCAP holdings, LCAP dividends, LCAP valuation. See the LCAP overview for the latest quote and fund facts.
LCAP performance FAQ
What is the LCAP return over the past year?
LCAP returned +14.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.5%.
How much would $10,000 invested in LCAP be worth?
$10,000 invested in LCAP at its first recorded close on March 26, 2025 would be worth about $13,408 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of LCAP?
The largest peak-to-trough decline was −11.3% between March 26, 2025 and April 8, 2025. It recovered to the old high on May 2, 2025, 24 days after the bottom.
How volatile is LCAP?
Over the past history LCAP had an annualized volatility of 10.6% and a Sharpe ratio of 1.68 (excess return over 1–3 month T-bills per unit of risk).