The paper includes two contributions. First, it proves that the series and shunt radiation components, corresponding to longitudinal and transversal electric fields, respectively, are always in phase quadrature in axially asymmetric periodic leaky-wave antennas (LWAs), so that these antennas are inherently elliptically polarized. This fact is theoretically proven and experimentally illustrated by two case-study examples, a composite right/left-handed (CRLH) LWA and a series-fed patch (SFP) LWA. Second, it shows (for the case of the SFP LWA) that the axial ratio is controlled and minimized by the degree of axial asymmetry.