RONB vs. BCFN

Last updated Jun 4, 2026

RONB (Baron First Principles ETF) and BCFN (Baron Financials ETF) are both exchange-traded funds - RONB is a Large Cap Growth Equities fund actively managed by Baron Capital, while BCFN is a Financials Equities fund tracking the Actively Managed. RONB is actively managed, while BCFN is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. RONB charges 1.00%/yr vs 0.80%/yr for BCFN.

Performance

RONB vs. BCFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron First Principles ETF (RONB) 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, RONB achieves a -3.75% return, which is significantly higher than BCFN's -15.33% return.

RONB

• 1D: -1.11%
• 1M: 4.33%
• YTD: -3.75%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCFN

• 1D: -1.56%
• 1M: -3.01%
• YTD: -15.33%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RONB vs. BCFN - Yearly Performance Comparison

	2026 (YTD)	2025
RONB Baron First Principles ETF	-3.75%	-0.33%
BCFN Baron Financials ETF	-15.33%	0.35%

Correlation

The correlation between RONB and BCFN is 0.78, 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	0.78

Return for Risk

RONB vs. BCFN - Risk-Adjusted Trends Comparison

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	RONB	BCFN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	-1.56	+1.05

Drawdowns

RONB vs. BCFN - Drawdown Comparison

The maximum RONB drawdown since its inception was -13.08%, smaller than the maximum BCFN drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for RONB and BCFN.

Drawdown Indicators

	RONB	BCFN	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-20.95%	+7.87%
Current Drawdown Current decline from peak	-5.80%	-17.44%	+11.64%
Average Drawdown Average peak-to-trough decline	-6.33%	-12.11%	+5.78%

Volatility

Volatility by Period

	RONB	BCFN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	19.30%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.85%	19.30%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.85%	19.30%	-2.45%

RONB vs. BCFN - Expense Ratio Comparison

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

Dividends

RONB vs. BCFN - Dividend Comparison

Neither RONB nor BCFN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RONB and BCFN in my portfolio?

RONB and BCFN have a correlation of 0.78, 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 BCFN?

On fees, BCFN 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 BCFN?

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

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

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

What is the main difference between RONB and BCFN?

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