RONB vs. ILCB
RONB (Baron First Principles ETF) and ILCB (iShares Morningstar U.S. Equity ETF) are both Large Cap Growth Equities funds. RONB is actively managed, while ILCB is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. RONB charges 1.00%/yr vs 0.03%/yr for ILCB.
Performance
RONB vs. ILCB - Performance Comparison
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Returns By Period
In the year-to-date period, RONB achieves a -6.63% return, which is significantly lower than ILCB's 8.52% return.
RONB
- 1D
- -0.34%
- 1M
- -1.56%
- YTD
- -6.63%
- 6M
- -8.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILCB
- 1D
- -1.36%
- 1M
- -1.01%
- YTD
- 8.52%
- 6M
- 7.55%
- 1Y
- 23.81%
- 3Y*
- 21.04%
- 5Y*
- 12.58%
- 10Y*
- 14.97%
RONB vs. ILCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RONB Baron First Principles ETF | -6.63% | -0.76% |
ILCB iShares Morningstar U.S. Equity ETF | 8.52% | 0.33% |
Correlation
The correlation between RONB and ILCB is 0.58, 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 15, 2025 | 0.58 |
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Return for Risk
RONB vs. ILCB — Risk / Return Rank
RONB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ILCB
RONB vs. ILCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron First Principles ETF (RONB) and iShares Morningstar U.S. Equity ETF (ILCB). 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.
| RONB | ILCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.63 | — |
| Martin ratioReturn relative to average drawdown | — | 11.66 | — |
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Drawdowns
RONB vs. ILCB - Drawdown Comparison
The maximum RONB drawdown since its inception was -13.08%, smaller than the maximum ILCB drawdown of -51.53%. Use the drawdown chart below to compare losses from any high point for RONB and ILCB.
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Drawdown Indicators
| RONB | ILCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.08% | -51.53% | +38.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.30% | — |
Current DrawdownCurrent decline from peak | -10.26% | -3.00% | -7.26% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -6.23% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.05% | — |
Volatility
RONB vs. ILCB - Volatility Comparison
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Volatility by Period
| RONB | ILCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.43% | 12.66% | +7.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 17.23% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.43% | 18.20% | +2.23% |
RONB vs. ILCB - Expense Ratio Comparison
RONB has a 1.00% expense ratio, which is higher than ILCB's 0.03% expense ratio.
Dividends
RONB vs. ILCB - Dividend Comparison
RONB has not paid dividends to shareholders, while ILCB's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILCB iShares Morningstar U.S. Equity ETF | 1.00% | 1.11% | 1.19% | 1.43% | 1.65% | 1.16% | 1.26% | 2.25% | 2.17% | 1.81% | 1.97% | 2.44% |
RONB Baron First Principles 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% |
Frequently Asked Questions
RONB and ILCB have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ILCB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ILCB is cheaper with a 0.03% expense ratio, compared with 1.00% for RONB.
ILCB has the higher dividend yield at 1.00%, compared with 0.00% for RONB.
They also come from different issuers: Baron Capital and iShares. Their fees differ too: 1.00% for RONB and 0.03% for ILCB.
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