BCFN vs. VFH

Last updated Jun 25, 2026

BCFN (Baron Financials ETF) and VFH (Vanguard Financials ETF) are both Financials Equities funds - BCFN tracks the Actively Managed while VFH tracks the MSCI US Investable Market Financials 25/50 Index. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. BCFN charges 0.80%/yr vs 0.09%/yr for VFH.

Performance

BCFN vs. VFH - Performance Comparison

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

Returns By Period

In the year-to-date period, BCFN achieves a -14.97% return, which is significantly lower than VFH's -1.19% return.

BCFN

• 1D: -0.41%
• 1M: 0.14%
• YTD: -14.97%
• 6M: -16.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VFH

• 1D: -0.90%
• 1M: 3.23%
• YTD: -1.19%
• 6M: -3.01%
• 1Y: 6.40%
• 3Y*: 20.65%
• 5Y*: 9.64%
• 10Y*: 13.40%

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

BCFN vs. VFH - Yearly Performance Comparison

	2026 (YTD)	2025
BCFN Baron Financials ETF	-14.97%	-0.45%
VFH Vanguard Financials ETF	-1.19%	-0.17%

Correlation

The correlation between BCFN and VFH is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025	0.80

Return for Risk

BCFN vs. VFH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCFN

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

VFH

VFH Risk / Return Rank: 14
VFH Sharpe Ratio Rank: 16
VFH Sortino Ratio Rank: 14
VFH Omega Ratio Rank: 14
VFH Calmar Ratio Rank: 14
VFH Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCFN vs. VFH - Risk-Adjusted Trends Comparison

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

	BCFN	VFH	Difference
Sharpe ratio: Return per unit of total volatility	—	0.43	—
Sortino ratio: Return per unit of downside risk	—	0.68	—
Omega ratio: Gain probability vs. loss probability	—	1.08	—
Calmar ratio: Return relative to maximum drawdown	—	0.44	—
Martin ratio: Return relative to average drawdown	—	1.13	—

Drawdowns

BCFN vs. VFH - Drawdown Comparison

The maximum BCFN drawdown since its inception was -20.95%, smaller than the maximum VFH drawdown of -78.61%. Use the drawdown chart below to compare losses from any high point for BCFN and VFH.

Drawdown Indicators

	BCFN	VFH	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-78.61%	+57.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.42%	—
Current Drawdown Current decline from peak	-17.09%	-4.19%	-12.90%
Average Drawdown Average peak-to-trough decline	-12.63%	-18.50%	+5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.68%	—

Volatility

Volatility by Period

	BCFN	VFH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	14.93%	+3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.90%	19.25%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	22.50%	-3.60%

BCFN vs. VFH - Expense Ratio Comparison

BCFN has a 0.80% expense ratio, which is higher than VFH's 0.09% expense ratio.

Dividends

BCFN vs. VFH - Dividend Comparison

BCFN has not paid dividends to shareholders, while VFH's dividend yield for the trailing twelve months is around 1.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCFN Baron Financials ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VFH Vanguard Financials ETF	1.48%	1.55%	1.75%	2.08%	2.31%	1.87%	2.21%	2.17%	2.30%	1.53%	1.63%	2.00%

Frequently Asked Questions

Can I hold both BCFN and VFH in my portfolio?

BCFN and VFH have a correlation of 0.80, 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 VFH?

On fees, VFH is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCFN or VFH?

VFH is cheaper with a 0.09% expense ratio, compared with 0.80% for BCFN.

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

VFH has the higher dividend yield at 1.48%, compared with 0.00% for BCFN.

What is the main difference between BCFN and VFH?

BCFN tracks Actively Managed, while VFH tracks MSCI US Investable Market Financials 25/50 Index. They also come from different issuers: Baron Capital and Vanguard. Their fees differ too: 0.80% for BCFN and 0.09% for VFH.