- CUSIP
- 06829D305
- Issuer
- Baron Capital
- Inception Date
- Dec 12, 2025
- Region
- North America (U.S.)
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $26M
Share Price Chart
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Performance
BCSM Performance Chart
Baron SMID Cap ETF (BCSM) is down 0.9% since the beginning of the year. BCSM is currently trading at $24 per share.
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Returns By Period
Baron SMID Cap ETF
- 1D
- 0.88%
- 1M
- 2.82%
- YTD
- -0.87%
- 6M
- -1.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
BCSM Monthly Returns History
Based on dividend-adjusted daily data since Dec 15, 2025, BCSM's average daily return is -0.02%, while the average monthly return is -0.41%.
Historically, 29% of months were positive and 71% were negative. The best month was May 2026 with a return of +6.2%, while the worst month was Mar 2026 at -7.5%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BCSM closed higher 49% of trading days. The best single day was Mar 31, 2026 with a return of +3.3%, while the worst single day was Jun 5, 2026 at -3.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.81% | -1.69% | -7.54% | 5.66% | 6.22% | -1.03% | -0.87% | ||||||
| 2025 | -2.70% | -2.70% |
Benchmark Metrics
Baron SMID Cap ETF has an annualized alpha of -22.40%, beta of 1.17, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since December 15, 2025.
- This ETF participated in 123.03% of S&P 500 Index downside but only 36.20% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -22.40% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -22.40%
- Beta
- 1.17
- R²
- 0.62
- Upside Capture
- 36.20%
- Downside Capture
- 123.03%
Expense Ratio
BCSM has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Baron SMID Cap ETF (BCSM) and compare them to S&P 500 Index.
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.
| BCSM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Baron SMID Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Baron SMID Cap ETF was 17.45%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Baron SMID Cap ETF drawdown is 5.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -17.45%Mar 2026 | 2mo 13d | — | 5mo 7dJan 2026 - now |
2025 pullback2025 | -2.78%Dec 2025 | 2d | 20d | 22dDec 2025 - Jan 2026 |
2026 pullback2026 | -0.64%Jan 2026 | 1d | 1d | 2dJan 2026 - Jan 2026 |
2026 pullback2026 | -0.34%Jan 2026 | 0s | 2d | 2dJan 2026 - Jan 2026 |
Drawdown Indicators
| BCSM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.45% | -56.78% | +39.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.28% | -2.49% | -2.79% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -10.72% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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