RONB vs. BCEM

Last updated Jul 14, 2026

RONB (Baron First Principles ETF) and BCEM (Baron Emerging Markets Select ETF) are both exchange-traded funds - RONB is a Large Cap Growth Equities fund actively managed by Baron Capital, while BCEM is a Emerging Markets Equities fund actively managed by Baron Capital. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. RONB charges 1.00%/yr vs 0.80%/yr for BCEM.

Performance

RONB vs. BCEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron First Principles ETF (RONB) and Baron Emerging Markets Select ETF (BCEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RONB

• 1D: -1.48%
• 1M: -5.47%
• 6M: -7.16%
• YTD: -6.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCEM

• 1D: -3.36%
• 1M: -5.82%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RONB vs. BCEM - Yearly Performance Comparison

	2026 (YTD)
RONB Baron First Principles ETF	2.19%
BCEM Baron Emerging Markets Select ETF	4.30%

Correlation

The correlation between RONB and BCEM is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.25

Return for Risk

RONB vs. BCEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron First Principles ETF (RONB) and Baron Emerging Markets Select ETF (BCEM). 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

RONB vs. BCEM - Drawdown Comparison

The maximum RONB drawdown since its inception was -13.08%, which is greater than BCEM's maximum drawdown of -9.97%. Use the drawdown chart below to compare losses from any high point for RONB and BCEM.

Drawdown Indicators

	RONB	BCEM	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-9.97%	-3.11%
Current Drawdown Current decline from peak	-10.26%	-9.97%	-0.29%
Average Drawdown Average peak-to-trough decline	-6.38%	-2.91%	-3.47%

Volatility

Volatility by Period

	RONB	BCEM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.86%	33.62%	-12.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.86%	33.62%	-12.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.86%	33.62%	-12.76%

RONB vs. BCEM - Expense Ratio Comparison

RONB has a 1.00% expense ratio, which is higher than BCEM's 0.80% expense ratio.

Dividends

RONB vs. BCEM - Dividend Comparison

Neither RONB nor BCEM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RONB and BCEM in my portfolio?

RONB and BCEM have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RONB or BCEM?

On fees, BCEM is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RONB or BCEM?

BCEM is cheaper with a 0.80% expense ratio, compared with 1.00% for RONB.

Which ETF pays a higher dividend yield, RONB or BCEM?

RONB and BCEM have nearly identical dividend yields, around 0.00%.

What is the main difference between RONB and BCEM?

RONB is categorized as Large Cap Growth Equities, while BCEM is Emerging Markets Equities. Their fees differ too: 1.00% for RONB and 0.80% for BCEM.