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GraniteShares 2x Long BABA Daily ETF (BABX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US38747R8685

Issuer

GraniteShares

Inception Date

Dec 12, 2022

Region

Emerging Asia Pacific (China)

Leveraged

2x

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.


Expense ratio chart for BABX: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.15%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
BABX vs. AMZN BABX vs. TSLR BABX vs. BABA
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.


-40.00%-20.00%0.00%20.00%40.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
-37.52%
46.09%
BABX (GraniteShares 2x Long BABA Daily ETF)
Benchmark (^GSPC)

Returns By Period

GraniteShares 2x Long BABA Daily ETF had a return of 1.98% year-to-date (YTD) and 9.15% in the last 12 months.


BABX

YTD

1.98%

1M

-11.32%

6M

15.53%

1Y

9.15%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

23.11%

1M

-0.36%

6M

7.02%

1Y

23.15%

5Y*

12.80%

10Y*

11.01%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-12.61%2.73%-5.95%5.14%6.37%-13.18%18.17%9.73%58.13%-16.83%-21.85%1.98%
202344.56%-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 17, meaning it’s performing worse than 83% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BABX is 1717
Overall Rank
The Sharpe Ratio Rank of BABX is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of BABX is 2424
Sortino Ratio Rank
The Omega Ratio Rank of BABX is 2222
Omega Ratio Rank
The Calmar Ratio Rank of BABX is 1616
Calmar Ratio Rank
The Martin Ratio Rank of BABX is 1313
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for BABX, currently valued at 0.17, compared to the broader market0.002.004.000.171.90
The chart of Sortino ratio for BABX, currently valued at 0.83, compared to the broader market-2.000.002.004.006.008.0010.000.832.54
The chart of Omega ratio for BABX, currently valued at 1.10, compared to the broader market0.501.001.502.002.503.001.101.35
The chart of Calmar ratio for BABX, currently valued at 0.18, compared to the broader market0.005.0010.0015.000.182.81
The chart of Martin ratio for BABX, currently valued at 0.57, compared to the broader market0.0020.0040.0060.0080.00100.000.5712.39
BABX
^GSPC

The current GraniteShares 2x Long BABA Daily ETF Sharpe ratio is 0.17. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of GraniteShares 2x Long BABA Daily ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
0.17
1.90
BABX (GraniteShares 2x Long BABA Daily ETF)
Benchmark (^GSPC)

Dividends

Dividend History


GraniteShares 2x Long BABA Daily ETF doesn't pay dividends

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.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-60.38%
-3.58%
BABX (GraniteShares 2x Long BABA Daily ETF)
Benchmark (^GSPC)

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 60.38%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-70.62%Jan 27, 2023307Apr 17, 2024
-11.21%Dec 14, 20228Dec 23, 20225Jan 3, 202313
-5.9%Jan 17, 20232Jan 18, 20232Jan 20, 20234
-2.87%Jan 12, 20231Jan 12, 20231Jan 13, 20232
-0.52%Jan 23, 20232Jan 24, 20231Jan 25, 20233

Volatility

Volatility Chart

The current GraniteShares 2x Long BABA Daily ETF volatility is 21.37%, 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.


0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
21.37%
3.64%
BABX (GraniteShares 2x Long BABA Daily ETF)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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