ICAP vs WCAP
Infrastructure Capital Equity Income ETF against WarCap Unconstrained Equity ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
29%
19 shared positions
Fee gap
147 bp
WCAP is cheaper
1-year return gap
6.2 pts
ICAP is ahead
Larger fund
ICAP
$118M
Side by side
| ICAP | WCAP | |
|---|---|---|
| Fund | Infrastructure Capital Equity Income ETF | WarCap Unconstrained Equity ETF |
| Issuer | Infrastructure | WarCap |
| Category | Infrastructure | Multi-Strategy |
| Expense ratio | 2.47% | 1.00% |
| Assets | $118M | $61M |
| Average daily dollar volume | $598K | $64K |
| Listed | Dec 28, 2021 | Sep 11, 2025 |
| FrenzyCap score | 30 | 28 |
| 1-month return | −1.3% | +2.8% |
| 3-month return | −2.1% | +3.4% |
| Year to date | −0.5% | −4.0% |
| 1-year return | +1.2% | −5.0% |
| 30-day volatility | 17.6% | 11.3% |
| Worst drawdown, 1 year | −12.2% | −14.9% |
| Trailing 12-month yield | 10.56% | 0.04% |
| Holdings | 158 | 47 |
| Top 10 weight | 39.5% | 45.0% |
| Look-through P/E | 22.1 | 24.7 |
| Holdings vs fair value | +6.8% | −1.3% |
| Holdings above 200-day average | 36% | 73% |
| Net flow, latest 3 reported months | +$13M thru May 2026 | −$71K thru Jul 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of May 31, 2026SEC filing | as of Jul 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
35% of ICAP · 50% of WCAP
Sector mix of the stock holdings
| Sector | ICAP | WCAP | Gap |
|---|---|---|---|
| Technology | 19.1% | 36.0% | −16.8% |
| Financials | 24.1% | 12.0% | +12.1% |
| Industrials | 16.0% | 9.1% | +6.9% |
| Consumer Discretionary | 4.4% | 11.1% | −6.7% |
| Utilities | 10.5% | 4.2% | +6.3% |
| Health Care | 3.8% | 7.8% | −4.0% |
| Consumer Staples | 9.0% | 2.0% | +7.0% |
| Energy | 5.8% | 4.2% | +1.6% |
| Real Estate | 7.7% | 0.0% | +7.7% |
| Materials | 3.8% | 0.0% | +3.8% |
| Communication Services | 1.6% | 0.0% | +1.6% |
More: full overlap table · ICAP holdings · WCAP holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.