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BCEM vs CGNG

Baron Emerging Markets Select ETF

BCEMCNYSE

Capital Group New Geography Equity ETF

CGNGANYSE Arca

Overlap

Expense ratio

CGNG −0.16pt a year

BCEM0.80%CGNG0.64%

Avg volume · 30D

CGNG 78.8×the volume

BCEM7.51KCGNG592K

BCEM vs CGNG Performance

Jul 31, 2026 – Oct 30, 2026

−8.6%BCEM−7.0%CGNG

Jul 31, 2026 to Oct 30, 2026. BCEM −8.6%. CGNG −7.0%. Use the arrow keys to read each point.−5%−2.5%0%2.5%5%7.5%Jul 2026Sep 2026Oct 2026
Expense ratio
BCEM 0.80%
CGNG 0.64%, better
Fund size
BCEM $49M
CGNG $3.15B
1Y total return
BCEM No data
CGNG +4.9%
Yield (12M)
BCEM No data
CGNG 0.65%
Holdings
BCEM 80
CGNG 244
Avg volume (30D)
BCEM 7.51K sh
CGNG 592K sh, better
NAV per share
BCEM $23.89
CGNG $36.47
52W range

ETF.net Grade

BCEM: Cost 37, Risk 30, Mission not scored, Tradability 40, Holdings 66, Durability 52. CGNG: Cost 78, Risk 65, Mission not scored, Tradability 84, Holdings 81, Durability 80.
Pillar letters and Scores for BCEM, CGNG, with each pillar’s weight
PillarBCEMCGNG
Cost30% weightD37A78Higher
Mission25% weightNot scoredNot scored
Risk15% weightD30B65Higher
Tradability15% weightC40A84Higher
Holdings10% weightB66A81Higher
Durability5% weightC52A80Higher

Rank among Emerging Markets Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BCEM and CGNG are both graded against the same 9 Emerging Markets Active Growth funds, so their Grades compare head to head.

Emerging Markets Active Growth⁠

Category · 9 funds
See all 9 ›

CGNG ranks 1st and BCEM 5th of 9 funds in the Emerging Markets Active Growth Category.

  1. Rank 1ACGNGCapital Group New Geography Equity ETFScore 77
  2. Rank 2AFFEMFidelity Fundamental Emerging Markets ETFScore 74
  3. Rank 4CPEMXPutnam Emerging Markets Ex-China ETFScore 47
  4. Rank 5CBCEMBaron Emerging Markets Select ETFScore 41
  5. Rank 6DBGEGBaillie Gifford Emerging Markets ETFScore 39

Our read on each fund

ETF.net Research

BCEMCBaron Emerging Markets Select ETF

CGNGACapital Group New Geography Equity ETF

In short

BCEM Baron took its 44-year growth-stock playbook into emerging markets and put it in an ETF: founder-led, capital-efficient companies of any size, run by the manager who has led Baron's EM strategy since 2011.

CGNG Most emerging-markets funds sort companies by headquarters address. CGNG sorts by where the money is made, so a developed-country firm earning heavily in developing economies can qualify. Capital Group runs it actively against the MSCI EM benchmark.

Stated mandate

BCEM The Fund seeks capital appreciation.

CGNG The fund seeks long-term capital appreciation by investing primarily in common stocks of companies with significant exposure to developing economies or markets, including companies domiciled in developed countries when a significant share of their assets or revenues is attributable to developing countries.

Why people hold it

  • BCEM Actual stock picking, not index tracking. The mandate hunts high-quality EM growth companies that are founder-led, entrepreneurial and capital-efficient, with durable competitive advantages.baroncapitalgroup.com
  • The process isn't brand new. Michael Kass has run Baron's emerging markets strategy since 2011, and the ETF applies that same bottom-up research approach.businesswire.com
  • Go-anywhere on size: small, mid and large caps compete for the same portfolio slots, instead of defaulting to the mega-caps that anchor standard EM benchmarks.baroncapitalgroup.com
  • CGNG The mandate counts companies domiciled in developed countries when a significant share of their assets or revenues comes from developing ones. A revenue map, not a passport check.capitalgroup.com
  • Actively managed by Capital Group, holding roughly 220 stocks and measured against the MSCI Emerging Markets Index rather than tracking it.
  • Easy to deal in for an active EM strategy: a multi-billion-dollar fund that trades actively, which tends to keep entry and exit costs modest.
  • Sits in the top quartile of the active emerging-markets ETFs we grade, one of the stronger overall builds in a crowded field.

Worth knowing

  • BCEM 0.80% a year is above the typical active EM fund and roughly double systematic rivals like AVEM and JEMA at 0.33%. That's the toll for a named stock picker.
  • The ETF launched in 2026, so its own track record is short. Most of the evidence sits with the older Baron strategy behind it, in a different wrapper.businesswire.com
  • Non-diversified by design, with at least 80% of net assets in EM growth equities, so a few names plus currency and political swings can drive the ride.usnews.com
  • CGNG 0.64% a year is right at the middle for active EM funds, but systematic rivals such as AVEM, JEMA and AVXC charge 0.33%.
  • Launched in 2024, so the record is short and has not been tested across a full emerging-markets cycle.
  • Because eligibility follows revenue, the country mix can look quite different from a standard EM index, including names based in developed markets.

Full BCEM profile⁠

Full CGNG profile⁠

BCEM vs CGNG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BCEM vs CGNG Cost

Overpaying BCEM vs CGNG

$2,808

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BCEM 0.80%

    $15,346

  • CGNG 0.64%

    $12,538

$10,000
30 years

Cost over time

  • BCEM 0.80%
  • CGNG 0.64%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BCEM $15,346CGNG $12,538

Year by year

YearBCEMCGNGOverpaying
10$1,422$1,145$277
20$5,393$4,375$1,018
30$15,346$12,538$2,808

Expense ratio

  • 0.80%BCEM
  • 0.64%CGNG, cheaper
  • Middle half of Emerging Markets Active Growth funds
  • Median 0.79%

CGNG 2nd cheapest of 9 funds

BCEM 6th cheapest of 9 funds

BCEM vs CGNG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BCEM No data
CGNG 0.65%
Payout (12M)
BCEM None
CGNG $0.22
Last payment
BCEM No data
CGNG $0.22
Ex-dividend
BCEM No data
CGNG Dec 26, 2025
Paid on
BCEM No data
CGNG Dec 29, 2025
Frequency
BCEM No data
CGNG Annual

Distribution history

Per share, 2024 to 2026, same scale for both

BCEMAll BCEM payments⁠

No distribution history available.

CGNGAnnual · 2 paymentsAll CGNG payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 26, 2024 $0.07; Dec 26, 2025 $0.22. Use the arrow keys to read each point.$0$0.252026YTD

BCEM vs CGNG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BCEM No dataCGNG 14.9%since Jul 2024
Return per unit of riskSharpe ratio, 3 years
BCEM No dataCGNG 0.64since Jul 2024
Worst fallMax drawdown, 5 years
BCEM No dataCGNG −15.9%since Jun 2024
Market sensitivityBeta, 5 years
BCEM 1.26CGNG 0.85

BCEM and CGNG in the news

All news⁠

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