Baron First Principles ETF(RONB · ETF)
ETF quote, holdings, sector allocation, technicals, and options analytics.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
Baron First Principles ETF (RONB) ETF
- Exchange
- XNYS
- Inception
- 2025-12-12
- Has Options
- No
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-22 | 2026-09-23 | $0.0002 | SC |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| TSLA | Tesla Inc | 13.59% | Equity (common) | US |
| MSCI | MSCI Inc | 6.60% | Equity (common) | US |
| — | Space Exploration Technologies | 5.70% | Equity (common) | US |
| SHOP | Shopify Inc | 5.39% | Equity (common) | CA |
| — | Space Exploration Technologies | 5.09% | Equity (common) | US |
| VRSK | Verisk Analytics Inc | 4.71% | Equity (common) | US |
| SCHW | Charles Schwab Corp/The | 4.67% | Equity (common) | US |
| H | Hyatt Hotels Corp | 4.59% | Equity (common) | US |
| FDS | FactSet Research Systems Inc | 4.43% | Equity (common) | US |
| — | Spotify Technology SA | 4.26% | Equity (common) | LU |
| IT | Gartner Inc | 4.20% | Equity (common) | US |
| GWRE | Guidewire Software Inc | 3.70% | Equity (common) | US |
| RRR | Red Rock Resorts Inc | 3.57% | Equity (common) | US |
| IBKR | Interactive Brokers Group Inc | 3.05% | Equity (common) | US |
| KNSL | Kinsale Capital Group Inc | 2.92% | Equity (common) | US |
| CHH | Choice Hotels International Inc | 2.90% | Equity (common) | US |
| MTN | Vail Resorts Inc | 2.73% | Equity (common) | US |
| — | Arch Capital Group Ltd | 2.30% | Equity (common) | BM |
| — | On Holding AG | 2.29% | Equity (common) | CH |
| FIGS | Figs Inc | 2.12% | Equity (common) | US |
| CSGP | CoStar Group Inc | 1.97% | Equity (common) | US |
| LYV | Live Nation Entertainment Inc | 1.94% | Equity (common) | US |
| IDXX | IDEXX Laboratories Inc | 1.91% | Equity (common) | US |
| — | Birkenstock Holding Plc | 1.81% | Equity (common) | JE |
| ABNB | Airbnb Inc | 1.75% | Equity (common) | US |
| HEI.A | HEICO Corp | 1.73% | Equity (common) | US |
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | -3.82% | 1 |
| Feb | +0.95% | 1 |
| Mar | -4.79% | 1 |
| Apr | +1.27% | 1 |
| May | +4.32% | 1 |
| Jun | +0.29% | 1 |
| Jul | -13.84% | 1 |
| Aug | +15.07% | 1 |
| Sep | -2.23% | 1 |
| Oct | — | 0 |
| Nov | — | 0 |
| Dec | -0.09% | 1 |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: RONB
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: Recent news sentiment around SpaceX IPO, ETFs, and industry trends
Primary Risks: Volatility in the space sector, potential regulatory hurdles for SpaceX
Investment Thesis: RONB's recent performance is driven by its exposure to SpaceX-related investments. As the market waits for the SpaceX IPO, this ETF may continue to see short-term volatility. However, as the industry trends become clearer, we expect RONB to settle into a moderate uptrend.
Recent News Sentiment Impact: The news headlines have been mixed, with both positive and negative sentiments expressed about SpaceX's IPO and potential impact on the market. This sentiment will likely continue to influence the stock's short-term performance.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): NEUTRAL
- Medium-term (1-3 months): UPTREND
- Long-term (3-12 months): BULLISH
Support/Resistance Levels: The 20-SMA at $23.90 provides a key support level, while the upper Bollinger Band at $24.42 offers resistance.
Momentum Signals:
- RSI interpretation: NEUTRAL (55.06)
- MACD signal: BULLISH
- Bollinger Bands position: NEUTRAL
Volume Analysis: Volume has been relatively low, indicating a lack of institutional interest in the stock.
News & Sentiment Analysis
Recent Headlines Summary: The news headlines have focused on SpaceX's potential IPO and its impact on the space sector. While some articles expressed positive sentiment about RONB's exposure to this trend, others highlighted potential risks associated with regulatory hurdles.
Sentiment Assessment: The overall sentiment is NEUTRAL, as both positive and negative opinions are represented in the news headlines.
Catalyst Identification: Upcoming events that could impact RONB's performance include the SpaceX IPO, regulatory changes in the space sector, and industry trends shaping the ETF's exposure to SpaceX-related investments.
Risk & Volatility Assessment
Beta Interpretation: With a beta of 0.96, RONB is considered moderately volatile relative to the market.
Volatility Regime: The stock's volatility has been moderate, with recent levels indicating a lack of significant price movement.
Options Market Signals: No options data available.
Downside Protection: The support level at $23.90 provides a key stop-loss point for investors looking to manage risk.
Market Context & Positioning
Sector Performance: The space sector has been performing well, driving RONB's recent gains.
Institutional Activity: Institutional interest in the stock has been low, suggesting a lack of significant buying pressure.
Correlation Analysis: RONB has a moderate correlation (0.53) with the SPY index, indicating that it generally follows market trends.
Relative Valuation: The stock's price-to-book ratio is slightly elevated, but not unusually so for this sector.
Key Levels & Action Items
Critical Price Levels: Support at $23.90 and resistance at $24.42 are key levels to monitor.
Breakout/Breakdown Levels: A move above or below these support/resistance levels could trigger significant price movements.
Time-Sensitive Catalysts: The SpaceX IPO, regulatory changes in the space sector, and industry trends shaping RONB's exposure to SpaceX-related investments.
Risk Management: Investors should consider stop-loss levels around $23.90 and position sizing considerations based on their risk tolerance.
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
- Beta (1Y vs SPY)
- 0.97
- Correlation (SPY)
- 53.1%
- R²
- 0.28
- Ann. Volatility
- 23.8%
- SPY Volatility
- 13.1%
Moderate volatility - stock generally follows market
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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