LCAPvsTHEQETF Comparison
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Principal Capital Appreciation Select ETF (LCAP) belongs to the US Multi-Factor segment. T. Rowe Price Hedged Equity ETF (THEQ) is part of the Alternatives segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. LCAP is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.73% for THEQ. LCAP is up 12.05% year-to-date (YTD) with +$1.62B in YTD flows. THEQ performs worse with 8.11% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of LCAP and THEQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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LCAP vs THEQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LCAP THEQ | -2.90%-0.84% | +3.78%+2.68% | +12.05%+8.11% | +17.20%+11.76% | n/an/a | n/an/a |
| Flows | LCAP THEQ | +$7M+$761K | +$1.51B+$4M | +$1.62B+$3M | +$1.77B+$14M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LCAP THEQ | +11.36%+9.27% | +12.69%+9.25% | n/an/a | n/an/a |
| Max drawdown | LCAP THEQ | -3.54%-2.15% | -7.86%-6.17% | n/an/a | n/an/a |
| Max drawdown duration | LCAP THEQ | 19d19d | 47d48d | n/an/a | n/an/a |
Trading data
LCAP | THEQ | |
Last sale 9/10/2026 at 1:30 PM | $33.13 | $29.92 |
| Previous close 09/10/2026 | $33.31 | $30.11 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
LCAP | THEQ | |
|---|---|---|
| Last price | $33.13 | $29.92 |
| 1D performance | -0.54% | -0.63% |
| AuM | $1.84 B | $39.32 M |
| E/R | 0.29% | 0.73% |
Characteristics
LCAP | THEQ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Principal Global Investors | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 54 | 354 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2025 | March 26, 2025 |
| ESG | No | No |
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Exposure
Countries
LCAP
USA
94.99%
Other
5.01%
THEQ
USA
92.02%
Other
7.98%
Sectors
LCAP
Technology
40.72%
Finance
16%
Healthcare
10.92%
Consumer Non-Cycl.
10.4%
Other
21.96%
THEQ
Technology
41.44%
Finance
13.4%
Healthcare
9.06%
Consumer Non-Cycl.
9.02%
Other
27.09%
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Diversification
LCAP
Total weight of top 15 holdings out of 15
54.26%
THEQ
Total weight of top 15 holdings out of 15
39.16%
Top 15 holdings
Data as of July 31, 2026
LCAP
Apple, Inc.
7.06%
NVIDIA Corp.
7.05%
Alphabet, Inc.
5.07%
Microsoft Corp.
4.72%
Amazon.com, Inc.
3.59%
Broadcom Inc.
3.48%
Visa, Inc.
3.28%
JPMorgan Chase & Co.
3.04%
State Street Institutional US Government Money Market Fund
2.95%
Costco Wholesale Corp.
2.49%
Eli Lilly & Co.
2.45%
McKesson Corp.
2.36%
Marathon Petroleum Corp.
2.34%
The TJX Cos., Inc.
2.23%
American Express Co.
2.15%
THEQ
NVIDIA Corp.
6.66%
Apple, Inc.
6.51%
Microsoft Corp.
4.80%
Amazon.com, Inc.
3.53%
Alphabet, Inc.
2.98%
Broadcom Inc.
2.59%
Alphabet, Inc.
2.26%
Meta Platforms, Inc.
1.78%
Eli Lilly & Co.
1.25%
Mastercard, Inc.
1.22%
JPMorgan Chase & Co.
1.20%
Advanced Micro Devices, Inc.
1.16%
Tesla, Inc.
1.09%
Micron Technology, Inc.
1.08%
Cisco Systems, Inc.
1.05%
Frequently asked questions about LCAP and THEQ
How have the LCAP and THEQ ETFs performed in 2026?
As of September 10, 2026, LCAP is up 12.05% year-to-date (YTD), while THEQ has returned 8.11%. That puts LCAP better performer ahead so far this year.
Which ETF is attracting more investor money: LCAP or THEQ?
Year-to-date, the LCAP ETF saw +$1.62B in flows, compared to +$3M for THEQ.
Which ETF is more volatile: LCAP or THEQ?
Over the past year, LCAP had a volatility of 12.69%, while THEQ experienced 9.25%.
Which ETF is bigger: LCAP or THEQ?
As of September 10, 2026, LCAP holds $1.84 B in assets under management (AUM), while THEQ manages $39.32 M.
What sectors do the LCAP and THEQ ETFs invest in?
LCAP leans toward sectors like Technology, Finance and Healthcare. Meanwhile, THEQ focuses on Technology, Finance and Healthcare.
What are the top holdings of the LCAP ETF and THEQ ETF?
LCAP top holdings include Apple, Inc., NVIDIA Corp. and Alphabet, Inc.. THEQ holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: LCAP or THEQ?
LCAP holds 54 securities with 54.26% of its assets in the top 15. THEQ has 355 securities and a top 15 weight of 39.16%.
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