BCSM vs. QQQJ

Last updated Jun 24, 2026

BCSM (Baron SMID Cap ETF) and QQQJ (Invesco NASDAQ Next Gen 100 ETF) are both Mid Cap Growth Equities funds. BCSM is actively managed, while QQQJ is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. BCSM charges 0.75%/yr vs 0.15%/yr for QQQJ.

Performance

BCSM vs. QQQJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron SMID Cap ETF (BCSM) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCSM achieves a -1.90% return, which is significantly lower than QQQJ's 20.04% return.

BCSM

• 1D: -0.54%
• 1M: 1.75%
• YTD: -1.90%
• 6M: -3.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQJ

• 1D: -1.14%
• 1M: 2.22%
• YTD: 20.04%
• 6M: 17.68%
• 1Y: 41.94%
• 3Y*: 21.29%
• 5Y*: 6.21%
• 10Y*: —

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

BCSM vs. QQQJ - Yearly Performance Comparison

	2026 (YTD)	2025
BCSM Baron SMID Cap ETF	-1.90%	-2.70%
QQQJ Invesco NASDAQ Next Gen 100 ETF	20.04%	-0.60%

Correlation

The correlation between BCSM and QQQJ is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025	0.83

Return for Risk

BCSM vs. QQQJ — 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.

QQQJ

QQQJ Risk / Return Rank: 72
QQQJ Sharpe Ratio Rank: 72
QQQJ Sortino Ratio Rank: 68
QQQJ Omega Ratio Rank: 67
QQQJ Calmar Ratio Rank: 73
QQQJ Martin Ratio Rank: 79

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. QQQJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron SMID Cap ETF (BCSM) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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	QQQJ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.22	—
Sortino ratio: Return per unit of downside risk	—	2.97	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.56	—
Martin ratio: Return relative to average drawdown	—	14.75	—

Drawdowns

BCSM vs. QQQJ - Drawdown Comparison

The maximum BCSM drawdown since its inception was -17.45%, smaller than the maximum QQQJ drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for BCSM and QQQJ.

Drawdown Indicators

	BCSM	QQQJ	Difference
Max Drawdown Largest peak-to-trough decline	-17.45%	-39.57%	+22.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.57%	—
Current Drawdown Current decline from peak	-6.26%	-3.24%	-3.02%
Average Drawdown Average peak-to-trough decline	-7.22%	-15.62%	+8.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.85%	—

Volatility

Volatility by Period

	BCSM	QQQJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.49%	19.00%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.49%	22.18%	-1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.49%	22.11%	-1.62%

BCSM vs. QQQJ - Expense Ratio Comparison

BCSM has a 0.75% expense ratio, which is higher than QQQJ's 0.15% expense ratio.

Dividends

BCSM vs. QQQJ - Dividend Comparison

BCSM has not paid dividends to shareholders, while QQQJ's dividend yield for the trailing twelve months is around 0.55%.

Position	TTM	2025	2024	2023	2022	2021	2020
BCSM Baron SMID Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.55%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%

Frequently Asked Questions

Can I hold both BCSM and QQQJ in my portfolio?

BCSM and QQQJ have a correlation of 0.83, 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 QQQJ?

On fees, QQQJ is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCSM or QQQJ?

QQQJ is cheaper with a 0.15% expense ratio, compared with 0.75% for BCSM.

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

QQQJ has the higher dividend yield at 0.55%, compared with 0.00% for BCSM.

What is the main difference between BCSM and QQQJ?

They also come from different issuers: Baron Capital and Invesco. Their fees differ too: 0.75% for BCSM and 0.15% for QQQJ.