GraniteShares 2x Long BABA Daily ETF (BABX)
BABX is an actively managed ETF by GraniteShares. BABX launched on Dec 12, 2022 and has a 1.15% expense ratio.
ETF Info
| ISIN | US38747R8685 |
|---|---|
| Issuer | GraniteShares |
| Inception Date | Dec 12, 2022 |
| Region | Emerging Asia Pacific (China) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
BABX has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BABX vs. AMZN, BABX vs. TSLR, BABX vs. BABA
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GraniteShares 2x Long BABA Daily ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
GraniteShares 2x Long BABA Daily ETF had a return of 21.53% year-to-date (YTD) and 9.33% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 21.53% | 25.45% |
| 1 month | -31.94% | 2.91% |
| 6 months | 23.12% | 14.05% |
| 1 year | 9.33% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of BABX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -12.61% | 2.73% | -5.95% | 5.14% | 6.37% | -13.18% | 18.17% | 9.73% | 58.13% | -16.83% | 21.53% | ||
| 2023 | 44.56% | -33.75% | 26.42% | -29.21% | -12.04% | 6.56% | 40.77% | -16.80% | -12.46% | -9.69% | -17.37% | 7.54% | -33.89% |
| 2022 | -7.32% | -7.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BABX is 9, indicating that it is in the bottom 9% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2x Long BABA Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GraniteShares 2x Long BABA Daily ETF was 70.62%, occurring on Apr 17, 2024. The portfolio has not yet recovered.
The current GraniteShares 2x Long BABA Daily ETF drawdown is 52.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -70.62% | Jan 27, 2023 | 307 | Apr 17, 2024 | — | — | — |
| -11.21% | Dec 14, 2022 | 8 | Dec 23, 2022 | 5 | Jan 3, 2023 | 13 |
| -5.9% | Jan 17, 2023 | 2 | Jan 18, 2023 | 2 | Jan 20, 2023 | 4 |
| -2.87% | Jan 12, 2023 | 1 | Jan 12, 2023 | 1 | Jan 13, 2023 | 2 |
| -0.52% | Jan 23, 2023 | 2 | Jan 24, 2023 | 1 | Jan 25, 2023 | 3 |
Volatility
Volatility Chart
The current GraniteShares 2x Long BABA Daily ETF volatility is 23.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.