BCEM vs. RONB
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. Their 0.26 correlation means their historical movements had little consistent relationship. BCEM charges 0.80%/yr vs 1.00%/yr for RONB.
Performance
BCEM vs. RONB - Performance Comparison
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Returns By Period
BCEM
- 1D
- 0.57%
- 1M
- -5.36%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
RONB
- 1D
- 1.04%
- 1M
- -8.70%
- 6M
- -13.45%
- YTD
- -14.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $108.38K | $126.63K | $170.35K | |
| $8.11M | $8.20M | $22.50M |
BCEM vs. RONB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BCEM Baron Emerging Markets Select ETF | 3.19% |
RONB Baron First Principles ETF | -6.26% |
Correlation
The correlation between BCEM and RONB is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026 | 0.26 |
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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.
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Drawdowns
BCEM vs. RONB - Drawdown Comparison
The maximum BCEM drawdown since its inception was -12.06%, smaller than the maximum RONB drawdown of -18.68%. Use the drawdown chart below to compare losses from any high point for BCEM and RONB.
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Drawdown Indicators
| BCEM | RONB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.06% | -18.68% | +6.62% |
Current DrawdownCurrent decline from peak | -10.92% | -17.68% | +6.76% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -6.93% | +3.05% |
Volatility
BCEM vs. RONB - Volatility Comparison
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Volatility by Period
| BCEM | RONB | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 32.58% | 20.94% | +11.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.58% | 20.94% | +11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.58% | 20.94% | +11.64% |
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.
Frequently Asked Questions
BCEM and RONB have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BCEM is cheaper with a 0.80% expense ratio, compared with 1.00% for RONB.
BCEM and RONB have nearly identical dividend yields, around 0.00%.
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.
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