BCGD vs. BCSM

Last updated Jun 4, 2026

BCGD (Baron Global Durable Advantage ETF) and BCSM (Baron SMID Cap ETF) are both exchange-traded funds - BCGD is a Global Equities fund actively managed by Baron Capital, while BCSM is a Mid Cap Growth Equities fund actively managed by Baron Capital. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

BCGD vs. BCSM - Performance Comparison

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

Returns By Period

In the year-to-date period, BCGD achieves a 2.41% return, which is significantly higher than BCSM's 0.41% return.

BCGD

• 1D: -1.09%
• 1M: 0.82%
• YTD: 2.41%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCSM

• 1D: -1.38%
• 1M: 6.09%
• YTD: 0.41%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCGD vs. BCSM - Yearly Performance Comparison

	2026 (YTD)	2025
BCGD Baron Global Durable Advantage ETF	2.41%	0.92%
BCSM Baron SMID Cap ETF	0.41%	-0.51%

Correlation

The correlation between BCGD and BCSM is 0.69, 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 Dec 16, 2025	0.69

Return for Risk

BCGD vs. BCSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Global Durable Advantage ETF (BCGD) and Baron SMID Cap ETF (BCSM). 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.

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

Sharpe Ratios by Period

	BCGD	BCSM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	-0.01	+0.43

Drawdowns

BCGD vs. BCSM - Drawdown Comparison

The maximum BCGD drawdown since its inception was -13.79%, smaller than the maximum BCSM drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for BCGD and BCSM.

Drawdown Indicators

	BCGD	BCSM	Difference
Max Drawdown Largest peak-to-trough decline	-13.79%	-17.45%	+3.66%
Current Drawdown Current decline from peak	-1.84%	-4.06%	+2.22%
Average Drawdown Average peak-to-trough decline	-3.24%	-7.36%	+4.12%

Volatility

Volatility by Period

	BCGD	BCSM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.87%	20.15%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	20.15%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	20.15%	-2.28%

BCGD vs. BCSM - Expense Ratio Comparison

Both BCGD and BCSM have an expense ratio of 0.75%.

Dividends

BCGD vs. BCSM - Dividend Comparison

Neither BCGD nor BCSM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCGD and BCSM in my portfolio?

BCGD and BCSM have a correlation of 0.69, 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 BCSM?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCGD or BCSM?

BCGD and BCSM have the same expense ratio: 0.75% per year.

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

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

What is the main difference between BCGD and BCSM?

BCGD is categorized as Global Equities, while BCSM is Mid Cap Growth Equities.