- 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
Share Price Chart
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Performance
RONB Performance Chart
Baron First Principles ETF (RONB) is down 2.7% since the beginning of the year. RONB is currently trading at $24 per share.
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Returns By Period
Baron First Principles ETF
- 1D
- -1.62%
- 1M
- 5.50%
- YTD
- -2.67%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
RONB Monthly Returns History
Based on dividend-adjusted daily data since Dec 15, 2025, RONB's average daily return is -0.02%, while the average monthly return is -0.38%.
Historically, 43% of months were positive and 57% were negative. The best month was May 2026 with a return of +5.1%, while the worst month was Mar 2026 at -6.0%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.
On a daily basis, RONB closed higher 40% of trading days. The best single day was Apr 15, 2026 with a return of +2.9%, while the worst single day was Feb 23, 2026 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.27% | 0.54% | -5.96% | 1.44% | 5.13% | -0.21% | -2.67% | ||||||
| 2025 | -0.33% | -0.33% |
Benchmark Metrics
Baron First Principles ETF has an annualized alpha of -22.16%, beta of 0.79, and R2 of 0.38 versus S&P 500 Index. Calculated based on daily prices since December 16, 2025.
- This ETF participated in 93.29% of S&P 500 Index downside but only 12.56% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.38 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -22.16%
- Beta
- 0.79
- R²
- 0.38
- Upside Capture
- 12.56%
- Downside Capture
- 93.29%
Expense Ratio
RONB has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Baron First Principles ETF (RONB) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 13.08%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current Baron First Principles ETF drawdown is 4.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -13.08%Mar 2026 | 3mo 4d | — | 5mo 13dDec 2025 - now |
2025 pullback2025 | -0.24%Dec 2025 | 0s | 2d | 2dDec 2025 - Dec 2025 |
Drawdown Indicators
| RONB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.08% | -56.78% | +43.70% |
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 | -4.74% | 0.00% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -10.72% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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