RONB vs. BPH

Last updated Jun 4, 2026

RONB (Baron First Principles ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - RONB is a Large Cap Growth Equities fund actively managed by Baron Capital, while BPH is a Oil & Gas fund actively managed by Precidian. Both are actively managed. At a correlation of -0.14, they often move in opposite directions. RONB charges 1.00%/yr vs 0.19%/yr for BPH.

Performance

RONB vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron First Principles ETF (RONB) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RONB

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

BPH

• 1D: 1.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RONB vs. BPH - Yearly Performance Comparison

	2026 (YTD)
RONB Baron First Principles ETF	0.88%
BPH BP p.l.c. ADRhedged ETF	2.83%

Correlation

The correlation between RONB and BPH is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	-0.14

Return for Risk

RONB vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron First Principles ETF (RONB) and BP p.l.c. ADRhedged ETF (BPH). 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	BPH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	9.48	-9.99

Drawdowns

RONB vs. BPH - Drawdown Comparison

The maximum RONB drawdown since its inception was -13.08%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for RONB and BPH.

Drawdown Indicators

	RONB	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-2.35%	-10.73%
Current Drawdown Current decline from peak	-5.80%	0.00%	-5.80%
Average Drawdown Average peak-to-trough decline	-6.33%	-1.08%	-5.25%

Volatility

Volatility by Period

	RONB	BPH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	25.75%	-8.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.85%	25.75%	-8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.85%	25.75%	-8.90%

RONB vs. BPH - Expense Ratio Comparison

RONB has a 1.00% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

RONB vs. BPH - Dividend Comparison

Neither RONB nor BPH has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RONB and BPH in my portfolio?

RONB and BPH have a correlation of -0.14, 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 BPH?

On fees, BPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RONB or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 1.00% for RONB.

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

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

What is the main difference between RONB and BPH?

RONB is categorized as Large Cap Growth Equities, while BPH is Oil & Gas. They also come from different issuers: Baron Capital and Precidian. Their fees differ too: 1.00% for RONB and 0.19% for BPH.