FDIQ vs. BCFN

Last updated Jun 4, 2026

FDIQ (Invesco Bloomberg Financial Data Providers ETF) and BCFN (Baron Financials ETF) are both Financials Equities funds - FDIQ tracks the Bloomberg Financial Data Providers Index while BCFN tracks the Actively Managed. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. FDIQ charges 0.35%/yr vs 0.80%/yr for BCFN.

Performance

FDIQ vs. BCFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg Financial Data Providers ETF (FDIQ) and Baron Financials ETF (BCFN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDIQ achieves a 9.72% return, which is significantly higher than BCFN's -17.02% return.

FDIQ

• 1D: -0.97%
• 1M: -5.53%
• YTD: 9.72%
• 6M: 10.28%
• 1Y: 22.98%
• 3Y*: 18.27%
• 5Y*: 3.82%
• 10Y*: 7.60%

BCFN

• 1D: -2.00%
• 1M: -4.60%
• YTD: -17.02%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDIQ vs. BCFN - Yearly Performance Comparison

	2026 (YTD)	2025
FDIQ Invesco Bloomberg Financial Data Providers ETF	9.72%	-3.33%
BCFN Baron Financials ETF	-17.02%	0.35%

Correlation

The correlation between FDIQ and BCFN is 0.70, 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 16, 2025	0.70

Return for Risk

FDIQ vs. BCFN — Risk / Return Rank

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

FDIQ

FDIQ Risk / Return Rank: 33
FDIQ Sharpe Ratio Rank: 29
FDIQ Sortino Ratio Rank: 30
FDIQ Omega Ratio Rank: 30
FDIQ Calmar Ratio Rank: 42
FDIQ Martin Ratio Rank: 35

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.

FDIQ vs. BCFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Financial Data Providers ETF (FDIQ) 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.

	FDIQ	BCFN	Difference
Sharpe ratio: Return per unit of total volatility	1.04	—	—
Sortino ratio: Return per unit of downside risk	1.59	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	2.07	—	—
Martin ratio: Return relative to average drawdown	5.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FDIQ	BCFN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	-1.70	+2.07

Drawdowns

FDIQ vs. BCFN - Drawdown Comparison

The maximum FDIQ drawdown since its inception was -52.86%, which is greater than BCFN's maximum drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for FDIQ and BCFN.

Drawdown Indicators

	FDIQ	BCFN	Difference
Max Drawdown Largest peak-to-trough decline	-52.86%	-20.95%	-31.91%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.86%	—	—
Current Drawdown Current decline from peak	-8.53%	-19.09%	+10.56%
Average Drawdown Average peak-to-trough decline	-11.56%	-12.17%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	—	—

Volatility

Volatility by Period

	FDIQ	BCFN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.14%	19.41%	+2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.70%	19.41%	+9.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.12%	19.41%	+11.71%

FDIQ vs. BCFN - Expense Ratio Comparison

FDIQ has a 0.35% expense ratio, which is lower than BCFN's 0.80% expense ratio.

Dividends

FDIQ vs. BCFN - Dividend Comparison

FDIQ's dividend yield for the trailing twelve months is around 2.56%, while BCFN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCFN Baron Financials ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDIQ Invesco Bloomberg Financial Data Providers ETF	2.56%	2.66%	2.69%	2.89%	2.51%	2.04%	2.92%	2.44%	2.45%	1.59%	1.50%	1.92%

Frequently Asked Questions

Can I hold both FDIQ and BCFN in my portfolio?

FDIQ and BCFN have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDIQ or BCFN?

On fees, FDIQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDIQ or BCFN?

FDIQ is cheaper with a 0.35% expense ratio, compared with 0.80% for BCFN.

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

FDIQ has the higher dividend yield at 2.56%, compared with 0.00% for BCFN.

What is the main difference between FDIQ and BCFN?

FDIQ tracks Bloomberg Financial Data Providers Index, while BCFN tracks Actively Managed. They also come from different issuers: Invesco and Baron Capital. Their fees differ too: 0.35% for FDIQ and 0.80% for BCFN.