BCEM vs. RONB

Last updated Jul 8, 2026

BCEM (Baron Emerging Markets Select ETF) and RONB (Baron First Principles ETF) are both exchange-traded funds - BCEM is a Emerging Markets Equities fund actively managed by Baron Capital, while RONB is a Large Cap Growth Equities fund actively managed by Baron Capital. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. BCEM charges 0.80%/yr vs 1.00%/yr for RONB.

Performance

BCEM vs. RONB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Emerging Markets Select ETF (BCEM) and Baron First Principles ETF (RONB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BCEM

• 1D: -2.97%
• 1M: 1.43%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RONB

• 1D: -2.12%
• 1M: 0.50%
• 6M: -4.94%
• YTD: -3.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCEM vs. RONB - Yearly Performance Comparison

	2026 (YTD)
BCEM Baron Emerging Markets Select ETF	6.53%
RONB Baron First Principles ETF	5.12%

Correlation

The correlation between BCEM and RONB is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.23

Return for Risk

BCEM vs. RONB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Emerging Markets Select ETF (BCEM) and Baron First Principles ETF (RONB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BCEM vs. RONB - Drawdown Comparison

The maximum BCEM drawdown since its inception was -8.79%, smaller than the maximum RONB drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for BCEM and RONB.

Drawdown Indicators

	BCEM	RONB	Difference
Max Drawdown Largest peak-to-trough decline	-8.79%	-13.08%	+4.29%
Current Drawdown Current decline from peak	-8.04%	-7.69%	-0.35%
Average Drawdown Average peak-to-trough decline	-2.58%	-6.30%	+3.72%

Volatility

Volatility by Period

	BCEM	RONB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.92%	20.73%	+13.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.92%	20.73%	+13.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.92%	20.73%	+13.19%

BCEM vs. RONB - Expense Ratio Comparison

BCEM has a 0.80% expense ratio, which is lower than RONB's 1.00% expense ratio.

Dividends

BCEM vs. RONB - Dividend Comparison

Neither BCEM nor RONB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCEM and RONB in my portfolio?

BCEM and RONB have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCEM or RONB?

On fees, BCEM is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCEM or RONB?

BCEM is cheaper with a 0.80% expense ratio, compared with 1.00% for RONB.

Which ETF pays a higher dividend yield, BCEM or RONB?

BCEM and RONB have nearly identical dividend yields, around 0.00%.

What is the main difference between BCEM and RONB?

BCEM is categorized as Emerging Markets Equities, while RONB is Large Cap Growth Equities. Their fees differ too: 0.80% for BCEM and 1.00% for RONB.