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BCFN vs VFH

Baron Financials ETF

BCFNFNasdaq

Vanguard Financials ETF

VFHBNYSE Arca

Overlap

Expense ratio

VFH −0.71pt a year

BCFN0.80%VFH0.09%

Avg volume · 30D

VFH 258.4×the volume

BCFN2.24KVFH579K

BCFN vs VFH Performance

Dec 31, 2025 – Oct 30, 2026

−10.6%BCFN+4.2%VFH

Dec 31, 2025 to Oct 30, 2026. BCFN −10.6%. VFH +4.2%. Use the arrow keys to read each point.−15%−5%0%Dec 2025Jun 2026Oct 2026
Expense ratio
BCFN 0.80%
VFH 0.09%, better
Fund size
BCFN $45M
VFH $13.9B
1Y total return
BCFN No data
VFH +9.6%
Yield (12M)
BCFN No data
VFH 1.71%
Holdings
BCFN 44
VFH 426
Avg volume (30D)
BCFN 2.24K sh
VFH 579K sh, better
NAV per share
BCFN $22.26
VFH $137.29
52W range

ETF.net Grade

BCFN: Cost 6, Risk 6, Mission not scored, Tradability 5, Holdings 60, Durability 26. VFH: Cost 88, Risk 53, Mission not scored, Tradability 56, Holdings 53, Durability 84.
Pillar letters and Scores for BCFN, VFH, with each pillar’s weight
PillarBCFNVFH
Cost30% weightF6A88Higher
Mission25% weightNot scoredNot scored
Risk15% weightF6C53Higher
Tradability15% weightF5B56Higher
Holdings10% weightB60HigherC53
Durability5% weightD26A84Higher

Rank among Financials (Broad) funds

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

Same Category. BCFN and VFH are both graded against the same 18 Financials (Broad) funds, so their Grades compare head to head.

Financials (Broad)⁠

Category · 18 funds
See all 18 ›

VFH ranks 4th and BCFN 18th of 18 funds in the Financials (Broad) Category.

  1. Rank 1AXLFState Street Financial Select Sector SPDR ETFScore 82
  2. Rank 2AFNCLFidelity MSCI Financials Index ETFScore 76
  3. Rank 3AKIEState Street SPDR S&P Insurance ETFScore 72
  4. Rank 4BVFHVanguard Financials ETFScore 69
  5. Rank 5BIXGiShares Global Financials ETFScore 66
  6. Rank 17FKBWDInvesco KBW High Dividend Yield Financial ETFScore 22
  7. Rank 18FBCFNBaron Financials ETFScore 14

Our read on each fund

ETF.net Research

BCFNFBaron Financials ETF

VFHBVanguard Financials ETF

In short

BCFN Baron's financials entry skips the cheap-index game: 0.80% a year in an aisle where the big index funds charge under a tenth of a percent, and a mandate that runs one line long, capital appreciation.

VFH Financials without the size filter. VFH holds roughly 400 US financial stocks, from the megabanks down to small regional lenders and insurers, for 0.09% a year.

Stated mandate

BCFN The Fund seeks capital appreciation.

VFH VFH seeks to track the MSCI US Investable Market Index (IMI)/Financials 25/50, providing passively managed, multicapitalization exposure to U.S. financial-sector equities.

Why people hold it

  • BCFN The mandate is refreshingly short: an equity portfolio in financials, aiming for capital appreciation. You always know which corner of the market you're renting.
  • Trading since the last day of 2019, so there's a multi-year live record behind it rather than a backtest and a launch-week story.
  • Plain 1940 Act fund wrapper. No K-1 at tax time, no bank-issued note behind the exposure, no exotic-structure homework before you can size a position.
  • VFH Owns the whole sector, not just the giants: roughly 400 US financial names through MSCI's US IMI Financials 25/50 index, megabanks through small regional lenders and insurers.vanguard.com
  • Costs 0.09% a year, a fraction of what the typical broad financials fund charges.vanguard.com
  • Running since 2004, now a multi-billion-dollar fund that trades actively, and it has stayed close to its index. One of the strongest implementations in the financials group.
  • Pays out quarterly, passively managed, no manager stock-picking inside the sector.

Worth knowing

  • BCFN At 0.80%, it runs well above the broad-financials median of 0.44% and roughly ten times what XLF (0.08%) or VFH (0.09%) charge. The strategy has to earn that gap.
  • Small and lightly traded next to the household-name sector funds, so spreads and order size matter more here than they would in a giant.
  • The stated goal is capital appreciation, not income, a real distinction in a sector plenty of people own for the dividend cheques.
  • VFH One sector, one storyline: banks, insurers and brokers tend to move together with interest rates and the credit cycle.
  • The multicap reach cuts both ways. Small regional banks and niche insurers ride along with the megacaps, and they can swing harder.
  • Cost isn't the edge here: XLF and FNCL sit at essentially the same fee. Breadth of coverage is the real differentiator.

Full BCFN profile⁠

Full VFH profile⁠

BCFN vs VFH 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.

BCFN vs VFH Cost

Overpaying BCFN vs VFH

$13,448

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

  • BCFN 0.80%

    $15,346

  • VFH 0.09%

    $1,898

$10,000
30 years

Cost over time

  • BCFN 0.80%
  • VFH 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BCFN $15,346VFH $1,898

Year by year

YearBCFNVFHOverpaying
10$1,422$165$1,257
20$5,393$646$4,747
30$15,346$1,898$13,448

Expense ratio

  • 0.80%BCFN
  • 0.09%VFH, cheaper
  • Middle half of Financials (Broad) funds
  • Median 0.37%

VFH 3rd cheapest of 18 funds

BCFN 17th cheapest of 18 funds

BCFN vs VFH Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BCFN No data
VFH 1.71%
Payout (12M)
BCFN None
VFH $2.35
Last payment
BCFN No data
VFH $0.45
Ex-dividend
BCFN No data
VFH Sep 23, 2026
Paid on
BCFN No data
VFH Sep 25, 2026
Frequency
BCFN No data
VFH Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BCFNAll BCFN payments⁠

No distribution history available.

VFHQuarterly · 39 paymentsAll VFH payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.15; Jun 28, 2017 $0.27; Sep 27, 2017 $0.31; Dec 14, 2017 $0.35; Mar 16, 2018 $0.25; Jun 28, 2018 $0.36; Sep 24, 2018 $0.35; Dec 13, 2018 $0.40; Mar 21, 2019 $0.36; Jun 21, 2019 $0.38; Sep 26, 2019 $0.46; Dec 16, 2019 $0.46; Mar 10, 2020 $0.37; Jun 22, 2020 $0.41; Sep 11, 2020 $0.36; Dec 17, 2020 $0.48; Mar 26, 2021 $0.38; Jun 21, 2021 $0.37; Sep 29, 2021 $0.54; Dec 16, 2021 $0.51; Mar 24, 2022 $0.41; Jun 23, 2022 $0.41; Sep 28, 2022 $0.47; Dec 15, 2022 $0.62; Mar 24, 2023 $0.44; Jun 29, 2023 $0.44; Sep 28, 2023 $0.50; Dec 19, 2023 $0.54; Mar 22, 2024 $0.40; Jun 28, 2024 $0.46; Sep 27, 2024 $0.55; Dec 18, 2024 $0.66; Mar 25, 2025 $0.51; Jun 26, 2025 $0.47; Sep 24, 2025 $0.42; Dec 17, 2025 $0.67; Mar 24, 2026 $0.38; Jun 24, 2026 $0.85; Sep 23, 2026 $0.45. Use the arrow keys to read each point.$0$12017202020232026YTD

BCFN vs VFH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BCFN No dataVFH 15.9%
Return per unit of riskSharpe ratio, 3 years
BCFN No dataVFH 1.11
Worst fallMax drawdown, 5 years
BCFN No dataVFH −25.7%
Market sensitivityBeta, 5 years
BCFN 0.82VFH 0.82Same figure. Both funds show the same value, so neither comes out ahead.

BCFN and VFH in the news

All news⁠

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