BCGD vs. BCEM

Last updated Jul 17, 2026

BCGD (Baron Global Durable Advantage ETF) and BCEM (Baron Emerging Markets Select ETF) are both exchange-traded funds - BCGD is a Global Equities fund actively managed by Baron Capital, while BCEM is a Emerging Markets Equities fund actively managed by Baron Capital. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. BCGD charges 0.75%/yr vs 0.80%/yr for BCEM.

Performance

BCGD vs. BCEM - Performance Comparison

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

Returns By Period

BCGD

• 1D: -0.78%
• 1M: 0.33%
• 6M: 1.88%
• YTD: 4.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCEM

• 1D: -2.56%
• 1M: -7.23%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCGD vs. BCEM - Yearly Performance Comparison

	2026 (YTD)
BCGD Baron Global Durable Advantage ETF	7.91%
BCEM Baron Emerging Markets Select ETF	3.51%

Correlation

The correlation between BCGD and BCEM is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.71

Return for Risk

BCGD vs. BCEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Global Durable Advantage ETF (BCGD) and Baron Emerging Markets Select ETF (BCEM). 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

BCGD vs. BCEM - Drawdown Comparison

The maximum BCGD drawdown since its inception was -13.79%, which is greater than BCEM's maximum drawdown of -10.65%. Use the drawdown chart below to compare losses from any high point for BCGD and BCEM.

Drawdown Indicators

	BCGD	BCEM	Difference
Max Drawdown Largest peak-to-trough decline	-13.79%	-10.65%	-3.14%
Current Drawdown Current decline from peak	-1.17%	-10.65%	+9.48%
Average Drawdown Average peak-to-trough decline	-2.87%	-3.19%	+0.32%

Volatility

Volatility by Period

	BCGD	BCEM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.04%	33.34%	-15.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.04%	33.34%	-15.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	33.34%	-15.30%

BCGD vs. BCEM - Expense Ratio Comparison

BCGD has a 0.75% expense ratio, which is lower than BCEM's 0.80% expense ratio.

Dividends

BCGD vs. BCEM - Dividend Comparison

Neither BCGD nor BCEM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCGD and BCEM in my portfolio?

BCGD and BCEM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCGD or BCEM?

On fees, BCGD is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCGD or BCEM?

BCGD is cheaper with a 0.75% expense ratio, compared with 0.80% for BCEM.

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

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

What is the main difference between BCGD and BCEM?

BCGD is categorized as Global Equities, while BCEM is Emerging Markets Equities. Their fees differ too: 0.75% for BCGD and 0.80% for BCEM.