BCSM vs. BCEM

Last updated Jul 17, 2026

BCSM (Baron SMID Cap ETF) and BCEM (Baron Emerging Markets Select ETF) are both exchange-traded funds - BCSM is a Mid Cap Growth 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 0.51 correlation means they provide meaningful diversification when combined. BCSM charges 0.75%/yr vs 0.80%/yr for BCEM.

Performance

BCSM vs. BCEM - Performance Comparison

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

Returns By Period

BCSM

• 1D: -0.52%
• 1M: 1.35%
• 6M: -3.67%
• YTD: 0.81%
• 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)

BCSM vs. BCEM - Yearly Performance Comparison

	2026 (YTD)
BCSM Baron SMID Cap ETF	8.51%
BCEM Baron Emerging Markets Select ETF	3.51%

Correlation

The correlation between BCSM and BCEM is 0.51, 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	0.51

Return for Risk

BCSM vs. BCEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron SMID Cap ETF (BCSM) 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

BCSM vs. BCEM - Drawdown Comparison

The maximum BCSM drawdown since its inception was -17.45%, which is greater than BCEM's maximum drawdown of -10.65%. Use the drawdown chart below to compare losses from any high point for BCSM and BCEM.

Drawdown Indicators

	BCSM	BCEM	Difference
Max Drawdown Largest peak-to-trough decline	-17.45%	-10.65%	-6.80%
Current Drawdown Current decline from peak	-4.29%	-10.65%	+6.36%
Average Drawdown Average peak-to-trough decline	-6.73%	-3.19%	-3.54%

Volatility

Volatility by Period

	BCSM	BCEM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.09%	33.34%	-13.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.09%	33.34%	-13.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	33.34%	-13.25%

BCSM vs. BCEM - Expense Ratio Comparison

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

Dividends

BCSM vs. BCEM - Dividend Comparison

Neither BCSM nor BCEM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCSM and BCEM in my portfolio?

BCSM and BCEM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCSM or BCEM?

On fees, BCSM 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, BCSM or BCEM?

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

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

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

What is the main difference between BCSM and BCEM?

BCSM is categorized as Mid Cap Growth Equities, while BCEM is Emerging Markets Equities. Their fees differ too: 0.75% for BCSM and 0.80% for BCEM.