BCFN vs. RONB

Last updated Aug 2, 2026

BCFN (Baron Financials ETF) and RONB (Baron First Principles ETF) are both exchange-traded funds - BCFN is a Financials Equities fund tracking the Actively Managed, while RONB is a Large Cap Growth Equities fund actively managed by Baron Capital. BCFN is passively managed, while RONB is actively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. BCFN charges 0.80%/yr vs 1.00%/yr for RONB.

Performance

BCFN vs. RONB - Performance Comparison

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

Returns By Period

In the year-to-date period, BCFN achieves a -8.91% return, which is significantly higher than RONB's -16.11% return.

BCFN

• 1D: -0.22%
• 1M: 1.82%
• 6M: -4.65%
• YTD: -8.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

RONB

• 1D: -1.73%
• 1M: -13.77%
• 6M: -13.27%
• YTD: -16.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCFN Baron Financials ETF	$34.29K	$30.00K	$73.20K
RONB Baron First Principles ETF	$5.12M	$7.20M	$22.20M

BCFN vs. RONB - Yearly Performance Comparison

	2026 (YTD)	2025
BCFN Baron Financials ETF	-8.91%	-0.45%
RONB Baron First Principles ETF	-16.11%	-0.76%

Correlation

The correlation between BCFN and RONB is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025	0.72

Return for Risk

BCFN vs. RONB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Financials ETF (BCFN) 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

BCFN vs. RONB - Drawdown Comparison

The maximum BCFN drawdown since its inception was -20.95%, which is greater than RONB's maximum drawdown of -19.37%. Use the drawdown chart below to compare losses from any high point for BCFN and RONB.

Drawdown Indicators

	BCFN	RONB	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-19.37%	-1.58%
Current Drawdown Current decline from peak	-11.17%	-19.37%	+8.20%
Average Drawdown Average peak-to-trough decline	-12.62%	-7.20%	-5.42%

Volatility

Volatility by Period

	BCFN	RONB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	21.04%	-2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	21.04%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	21.04%	-2.16%

BCFN vs. RONB - Expense Ratio Comparison

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

Dividends

BCFN vs. RONB - Dividend Comparison

Neither BCFN nor RONB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCFN and RONB in my portfolio?

BCFN and RONB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCFN or RONB?

On fees, BCFN 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, BCFN or RONB?

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

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

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

What is the main difference between BCFN and RONB?

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