RONB vs. BROL

Last updated Jul 14, 2026

RONB (Baron First Principles ETF) and BROL (Baron Risk Optimized Large Cap ETF) are both Large Cap Growth Equities funds from Baron Capital. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure. RONB charges 1.00%/yr vs 0.45%/yr for BROL.

Performance

RONB vs. BROL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron First Principles ETF (RONB) and Baron Risk Optimized Large Cap ETF (BROL). 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*: —

BROL

• 1D: -0.91%
• 1M: 2.07%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RONB vs. BROL - Yearly Performance Comparison

	2026 (YTD)
RONB Baron First Principles ETF	-2.14%
BROL Baron Risk Optimized Large Cap ETF	1.46%

Correlation

The correlation between RONB and BROL is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.84

Return for Risk

RONB vs. BROL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron First Principles ETF (RONB) and Baron Risk Optimized Large Cap ETF (BROL). 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. BROL - Drawdown Comparison

The maximum RONB drawdown since its inception was -13.08%, which is greater than BROL's maximum drawdown of -4.67%. Use the drawdown chart below to compare losses from any high point for RONB and BROL.

Drawdown Indicators

	RONB	BROL	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-4.67%	-8.41%
Current Drawdown Current decline from peak	-10.26%	-1.74%	-8.52%
Average Drawdown Average peak-to-trough decline	-6.38%	-1.38%	-5.00%

Volatility

Volatility by Period

	RONB	BROL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.86%	16.41%	+4.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.86%	16.41%	+4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.86%	16.41%	+4.45%

RONB vs. BROL - Expense Ratio Comparison

RONB has a 1.00% expense ratio, which is higher than BROL's 0.45% expense ratio.

Dividends

RONB vs. BROL - Dividend Comparison

Neither RONB nor BROL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RONB and BROL in my portfolio?

RONB and BROL have a correlation of 0.84, 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 BROL?

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, RONB or BROL?

BROL is cheaper with a 0.45% expense ratio, compared with 1.00% for RONB.

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

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

What is the main difference between RONB and BROL?

Their fees differ too: 1.00% for RONB and 0.45% for BROL.