BROL vs. BCFN

Last updated Jul 29, 2026

BROL (Baron Risk Optimized Large Cap ETF) and BCFN (Baron Financials ETF) are both exchange-traded funds - BROL is a Large Cap Growth Equities fund actively managed by Baron Capital, while BCFN is a Financials Equities fund tracking the Actively Managed. BROL is actively managed, while BCFN is passively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. BROL charges 0.45%/yr vs 0.80%/yr for BCFN.

Performance

BROL vs. BCFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Risk Optimized Large Cap ETF (BROL) and Baron Financials ETF (BCFN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BROL

• 1D: 0.68%
• 1M: 0.88%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BCFN

• 1D: 1.27%
• 1M: 9.07%
• 6M: -4.59%
• YTD: -7.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCFN Baron Financials ETF	$32.75K	$34.84K	$73.51K
BROL Baron Risk Optimized Large Cap ETF	$38.31K	$29.43K	$92.64K

BROL vs. BCFN - Yearly Performance Comparison

	2026 (YTD)
BROL Baron Risk Optimized Large Cap ETF	-0.12%
BCFN Baron Financials ETF	9.46%

Correlation

The correlation between BROL and BCFN is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.53

Return for Risk

BROL vs. BCFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Risk Optimized Large Cap ETF (BROL) and Baron Financials ETF (BCFN). 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

BROL vs. BCFN - Drawdown Comparison

The maximum BROL drawdown since its inception was -4.67%, smaller than the maximum BCFN drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for BROL and BCFN.

Drawdown Indicators

	BROL	BCFN	Difference
Max Drawdown Largest peak-to-trough decline	-4.67%	-20.95%	+16.28%
Current Drawdown Current decline from peak	-3.27%	-9.58%	+6.31%
Average Drawdown Average peak-to-trough decline	-1.71%	-12.65%	+10.94%

Volatility

Volatility by Period

	BROL	BCFN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	19.01%	-3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.19%	19.01%	-3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.19%	19.01%	-3.82%

BROL vs. BCFN - Expense Ratio Comparison

BROL has a 0.45% expense ratio, which is lower than BCFN's 0.80% expense ratio.

Dividends

BROL vs. BCFN - Dividend Comparison

Neither BROL nor BCFN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BROL and BCFN in my portfolio?

BROL and BCFN have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BROL or BCFN?

On fees, BROL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BROL or BCFN?

BROL is cheaper with a 0.45% expense ratio, compared with 0.80% for BCFN.

Which ETF pays a higher dividend yield, BROL or BCFN?

BROL and BCFN have nearly identical dividend yields, around 0.00%.

What is the main difference between BROL and BCFN?

BROL is categorized as Large Cap Growth Equities, while BCFN is Financials Equities. Their fees differ too: 0.45% for BROL and 0.80% for BCFN.