Skip to content
etf.net

RONB

GradeDNew York Stock Exchange

Baron ETF Trust - Baron First Principles ETF

Active Equity · Baron · Inception 2025-12-12

$23.52−0.37 (−1.55%)

As of Sep 23, 2026, 3:08 PM EDT

History starts Dec 15, 2025.History starts Dec 15, 2025.
Intraday session: down, 46 prints from 23.89 to 23.52. Range 23.50 to 23.85. Use the arrow keys to read each point.$23.60$23.70$23.8010 AM12 PM2 PM4 PM
Expense ratio
1.00%
Fund size
$490M
1Y return
—
Yield · Last 12 months
—
Holdings
23
Volume · 30D
0.5M sh
NAV per share
$23.78
52W range
low $20.78high $26.73

The ETF.net RONB Grade

D

29/ 100

Rank 75 of 90 in US Active Growth⁠

Confidence Medium

Six-pillar profile for RONB. Scores out of 100: Cost 5, Risk 18, Mission not scored, Tradability 94, Holdings 17, Durability 46. Strongest: Tradability (94). Weakest: Cost (5). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 29 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 5
    Category rank85/90 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 18
    Category rank75/79 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 94
    Category rank3/90 · top 3%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 17
    Category rank88/89 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 46
    Category rank54/90 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

RONB Holdings

As of Sep 20, 2026, 9:09 AM
Asset class
Stocks
Holdings
23
Top-10 weight
80%
Largest holding
SPCX41.9%

Sectors

  • Industrials38.9%
  • Consumer Discr.28.9%
  • Financials20.9%
  • Technology6.5%
  • Communication3.1%
  • Health Care1.8%

Geography

  • United States88.14%
  • Canada3.67%
  • Sweden3.22%
  • Bermuda1.77%
  • United Kingdom1.64%
  • Switzerland1.55%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPCXSPACE EXPLORATION TECHN CL A41.91%905,118$140M268
002TSLATESLA INC8.96%81,842$30M509
003MSCIMSCI INC4.30%26,190$14M308
004FIGSFIGS INC CLASS A4.30%1,101,246$14M95
005IBKRINTERACTIVE BROKERS GRO CL A3.65%138,119$12M298
006SCHWSCHWAB (CHARLES) CORP3.62%115,810$12M385
007HHYATT HOTELS CORP CL A3.58%77,324$12M140
008SHOP.TOSHOPIFY INC CLASS A3.50%90,971$12M122
009639.DESPOTIFY TECHNOLOGY SA3.04%19,230$10M93
010FDSFACTSET RESEARCH SYSTEMS INC2.65%31,777$9M230
011MORNMORNINGSTAR INC2.48%40,834$8M159
012RRRRED ROCK RESORTS INC CLASS A2.47%156,616$8M105
013ABNBAIRBNB INC CLASS A2.18%43,897$7M405
014CHHCHOICE HOTELS INTL INC2.07%70,242$7M122
015HEI-AHEICO CORP CLASS A1.99%30,155$7M108

Showing 1–15 of 22 holdings

RONB Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

RONB$9,552
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. RONB $9,552. SPY $11,430. Use the arrow keys to read each point.$8,142$9,928$11,714Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for RONB. Periods over one year show the average yearly return.
PeriodRONB
Year to date−4.5%
1 month+0.2%
3 months+2.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RONB
YearReturn barRONB
2026 YTD−4.5%
2025−0.3%

History from Dec 15, 2025

RONB in the news

ETF.net Research hasn’t filed on RONB yet — coverage lands here as it’s written.

RONB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Dec 2025. No distributions yet.

RONB Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.72
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

RONB Cost

Expense ratio1.00%
  • The middle half of US Active Growth funds
  • Median 0.56%

83 of the 89 US Active Growth funds charge less.

RONB costs $100.00 a year on $10,000. The median US Active Growth fund costs $56.00.