BCSM vs. RONB
BCSM (Baron SMID Cap ETF) and RONB (Baron First Principles ETF) are both exchange-traded funds - BCSM is a Mid Cap Growth Equities fund actively managed by Baron Capital, while RONB is a Large Cap Growth Equities fund actively managed by Baron Capital. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. BCSM charges 0.75%/yr vs 1.00%/yr for RONB.
Performance
BCSM vs. RONB - Performance Comparison
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Returns By Period
In the year-to-date period, BCSM achieves a -1.90% return, which is significantly higher than RONB's -6.63% return.
BCSM
- 1D
- -0.54%
- 1M
- 1.75%
- YTD
- -1.90%
- 6M
- -3.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RONB
- 1D
- -0.34%
- 1M
- -1.56%
- YTD
- -6.63%
- 6M
- -8.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCSM vs. RONB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCSM Baron SMID Cap ETF | -1.90% | -2.70% |
RONB Baron First Principles ETF | -6.63% | -0.76% |
Correlation
The correlation between BCSM and RONB is 0.76, 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 | 0.76 |
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Return for Risk
BCSM vs. RONB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron SMID Cap ETF (BCSM) and Baron First Principles ETF (RONB). 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.
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Drawdowns
BCSM vs. RONB - Drawdown Comparison
The maximum BCSM drawdown since its inception was -17.45%, which is greater than RONB's maximum drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for BCSM and RONB.
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Drawdown Indicators
| BCSM | RONB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.45% | -13.08% | -4.37% |
Current DrawdownCurrent decline from peak | -6.26% | -10.26% | +4.00% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -6.19% | -1.03% |
Volatility
BCSM vs. RONB - Volatility Comparison
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Volatility by Period
| BCSM | RONB | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 20.43% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.49% | 20.43% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 20.43% | +0.06% |
BCSM vs. RONB - Expense Ratio Comparison
BCSM has a 0.75% expense ratio, which is lower than RONB's 1.00% expense ratio.
Dividends
BCSM vs. RONB - Dividend Comparison
Neither BCSM nor RONB has paid dividends to shareholders.
Frequently Asked Questions
BCSM and RONB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BCSM is cheaper with a 0.75% expense ratio, compared with 1.00% for RONB.
BCSM and RONB have nearly identical dividend yields, around 0.00%.
BCSM is categorized as Mid Cap Growth Equities, while RONB is Large Cap Growth Equities. Their fees differ too: 0.75% for BCSM and 1.00% for RONB.
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