- Issuer
- Baron Capital
- Inception Date
- Dec 12, 2025
- Region
- North America (United States)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Growth
Highlights
- Avg. Volume (1M)
- 316K
- Avg. Volume Value (1M)
- $7.20M
Share Price Chart
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Performance
RONB Performance Chart
Baron First Principles ETF (RONB) is down 16.1% since the beginning of the year. RONB is currently trading at $21 per share.
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Returns By Period
Baron First Principles ETF
- 1D
- -1.73%
- 1M
- -13.77%
- 6M
- -13.27%
- YTD
- -16.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
RONB Monthly Returns History
Based on dividend-adjusted daily data since Dec 15, 2025, RONB's average daily return is -0.11%, while the average monthly return is -2.11%.
Historically, 50% of months were positive and 50% were negative. The best month was May 2026 with a return of +5.1%, while the worst month was Jul 2026 at -14.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, RONB closed higher 41% of trading days. The best single day was Jun 15, 2026 with a return of +4.3%, while the worst single day was Jun 22, 2026 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.27% | 0.54% | -5.96% | 1.44% | 5.13% | 0.04% | -14.02% | -16.11% | |||||
| 2025 | -0.76% | -0.76% |
Benchmark Metrics
Baron First Principles ETF has an annualized alpha of -33.34%, beta of 0.84, and R2 of 0.30 versus S&P 500 Index. Calculated based on daily prices since December 15, 2025.
- This ETF participated in 235.05% of S&P 500 Index downside but only 11.33% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.30 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -33.34%
- Beta
- 0.84
- R²
- 0.30
- Upside Capture
- 11.33%
- Downside Capture
- 235.05%
Expense Ratio
RONB has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Baron First Principles ETF (RONB) 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.
| RONB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 8.49 | — |
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 First Principles 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 First Principles ETF was 19.37%, occurring on Jul 31, 2026. The portfolio has not yet recovered.
The current Baron First Principles ETF drawdown is 19.37%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.37%Jul 2026 | 1mo 14d | — | 1mo 17dJun 2026 - now | — |
-13.08%Mar 2026 | 3mo 4d | 2mo 20d | 5mo 24dDec 2025 - Jun 2026 | — |
-0.52%Dec 2025 | 2d | 2d | 4dDec 2025 - Dec 2025 | — |
Drawdown Indicators
| RONB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.37% | -56.78% | +37.41% |
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 | -19.37% | -1.58% | -17.79% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -10.70% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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