BCSM vs. KMID

Last updated Jul 17, 2026

BCSM (Baron SMID Cap ETF) and KMID (Virtus KAR Mid-Cap ETF) are both Mid Cap Growth Equities funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. BCSM charges 0.75%/yr vs 0.80%/yr for KMID.

Performance

BCSM vs. KMID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron SMID Cap ETF (BCSM) and Virtus KAR Mid-Cap ETF (KMID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCSM achieves a 0.81% return, which is significantly lower than KMID's 4.82% return.

BCSM

• 1D: -0.52%
• 1M: 1.35%
• 6M: -3.67%
• YTD: 0.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KMID

• 1D: 1.27%
• 1M: 1.41%
• 6M: -0.41%
• YTD: 4.82%
• 1Y: 2.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCSM vs. KMID - Yearly Performance Comparison

	2026 (YTD)	2025
BCSM Baron SMID Cap ETF	0.81%	-2.70%
KMID Virtus KAR Mid-Cap ETF	4.82%	-0.88%

Correlation

The correlation between BCSM and KMID is 0.62, 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 15, 2025	0.62

Return for Risk

BCSM vs. KMID — Risk / Return Rank

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

BCSM

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

KMID

KMID Risk / Return Rank: 12
KMID Sharpe Ratio Rank: 12
KMID Sortino Ratio Rank: 12
KMID Omega Ratio Rank: 11
KMID Calmar Ratio Rank: 12
KMID Martin Ratio Rank: 13

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. KMID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron SMID Cap ETF (BCSM) and Virtus KAR Mid-Cap ETF (KMID). 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.

	BCSM	KMID	Difference
Sharpe ratio: Return per unit of total volatility	—	0.17	—
Sortino ratio: Return per unit of downside risk	—	0.36	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	0.24	—
Martin ratio: Return relative to average drawdown	—	0.57	—

Drawdowns

BCSM vs. KMID - Drawdown Comparison

The maximum BCSM drawdown since its inception was -17.45%, smaller than the maximum KMID drawdown of -18.89%. Use the drawdown chart below to compare losses from any high point for BCSM and KMID.

Drawdown Indicators

	BCSM	KMID	Difference
Max Drawdown Largest peak-to-trough decline	-17.45%	-18.89%	+1.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.71%	—
Current Drawdown Current decline from peak	-4.29%	-2.53%	-1.76%
Average Drawdown Average peak-to-trough decline	-6.73%	-5.68%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.44%	—

Volatility

Volatility by Period

	BCSM	KMID	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.09%	14.88%	+5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.09%	16.81%	+3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	16.81%	+3.28%

BCSM vs. KMID - Expense Ratio Comparison

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

Dividends

BCSM vs. KMID - Dividend Comparison

BCSM has not paid dividends to shareholders, while KMID's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025	2024
BCSM Baron SMID Cap ETF	0.00%	0.00%	0.00%
KMID Virtus KAR Mid-Cap ETF	0.11%	0.06%	0.05%

Frequently Asked Questions

Can I hold both BCSM and KMID in my portfolio?

BCSM and KMID have a correlation of 0.62, 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 KMID?

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 KMID?

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

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

KMID has the higher dividend yield at 0.11%, compared with 0.00% for BCSM.

What is the main difference between BCSM and KMID?

They also come from different issuers: Baron Capital and Virtus. Their fees differ too: 0.75% for BCSM and 0.80% for KMID.