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RONB vs SPBO

Baron First Principles ETF vs State Street SPDR Portfolio Corporate Bond ETF

RONB

Baron First Principles ETF

Baron Capital Group, Inc.

Annual cost

1.00%

Fund size

$388M

SPBO

State Street SPDR Portfolio Corporate Bond ETF

State Street Investment Management

Annual cost

0.03%

Fund size

$2.0B

Key differences

  • SPBO costs 0.97% less per year.
  • SPBO is significantly larger than RONB — larger funds tend to be more liquid and less likely to close.
  • RONB is classified as equity, while SPBO is fixed income — different risk/return profiles.
  • RONB covers north america markets; SPBO covers global.
  • RONB follows a active selection strategy; SPBO uses index tracking.
  • SPBO has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

RONBSPBO
Annual cost (TER)1.00%0.03%
Fund size (AUM)$388M$2.0B
Since20252011
Dividend yield5.12%
Asset classequityfixed income
Regionnorth americaglobal
Strategyactive selectionindex tracking
CAGR 1YN/A+7.2%
CAGR 3YN/A+5.7%
CAGR 5YN/A+0.9%
Sharpe 3YN/A0.36
Volatility 1Y4.45%
Max drawdown-13.08%-22.04%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to RONB and SPBO