BCSM vs. FCUS

Last updated Jun 4, 2026

BCSM (Baron SMID Cap ETF) and FCUS (Pinnacle Focused Opportunities ETF) are both Mid Cap Growth Equities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. BCSM charges 0.75%/yr vs 0.79%/yr for FCUS.

Performance

BCSM vs. FCUS - Performance Comparison

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

Returns By Period

In the year-to-date period, BCSM achieves a 0.41% return, which is significantly lower than FCUS's 50.06% return.

BCSM

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

FCUS

• 1D: 0.90%
• 1M: 10.76%
• YTD: 50.06%
• 6M: 52.19%
• 1Y: 96.08%
• 3Y*: 37.64%
• 5Y*: —
• 10Y*: —

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

BCSM vs. FCUS - Yearly Performance Comparison

	2026 (YTD)	2025
BCSM Baron SMID Cap ETF	0.41%	-0.51%
FCUS Pinnacle Focused Opportunities ETF	50.06%	1.93%

Correlation

The correlation between BCSM and FCUS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.44

Return for Risk

BCSM vs. FCUS — Risk / Return Rank

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

FCUS

FCUS Risk / Return Rank: 81
FCUS Sharpe Ratio Rank: 86
FCUS Sortino Ratio Rank: 68
FCUS Omega Ratio Rank: 74
FCUS Calmar Ratio Rank: 89
FCUS Martin Ratio Rank: 88

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.

BCSM vs. FCUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron SMID Cap ETF (BCSM) and Pinnacle Focused Opportunities ETF (FCUS). 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

	BCSM	FCUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	1.13	-1.14

Drawdowns

BCSM vs. FCUS - Drawdown Comparison

The maximum BCSM drawdown since its inception was -17.45%, smaller than the maximum FCUS drawdown of -39.89%. Use the drawdown chart below to compare losses from any high point for BCSM and FCUS.

Drawdown Indicators

	BCSM	FCUS	Difference
Max Drawdown Largest peak-to-trough decline	-17.45%	-39.89%	+22.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.70%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.89%	—
Current Drawdown Current decline from peak	-4.06%	0.00%	-4.06%
Average Drawdown Average peak-to-trough decline	-7.36%	-7.55%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.93%	—

Volatility

Volatility by Period

	BCSM	FCUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.15%	33.92%	-13.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.15%	29.98%	-9.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.15%	29.98%	-9.83%

BCSM vs. FCUS - Expense Ratio Comparison

BCSM has a 0.75% expense ratio, which is lower than FCUS's 0.79% expense ratio.

Dividends

BCSM vs. FCUS - Dividend Comparison

BCSM has not paid dividends to shareholders, while FCUS's dividend yield for the trailing twelve months is around 2.89%.

Position	TTM	2025	2024
BCSM Baron SMID Cap ETF	0.00%	0.00%	0.00%
FCUS Pinnacle Focused Opportunities ETF	2.89%	4.33%	11.19%

Frequently Asked Questions

Can I hold both BCSM and FCUS in my portfolio?

BCSM and FCUS have a correlation of 0.44, 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 FCUS?

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 FCUS?

BCSM is cheaper with a 0.75% expense ratio, compared with 0.79% for FCUS.

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

FCUS has the higher dividend yield at 2.89%, compared with 0.00% for BCSM.

What is the main difference between BCSM and FCUS?

They also come from different issuers: Baron Capital and Pinnacle. Their fees differ too: 0.75% for BCSM and 0.79% for FCUS.