BABA vs. BABX
BABA (Alibaba Group Holding Limited) is a stock, while BABX (GraniteShares 2x Long BABA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past 3 years, BABA returned 10.15%/yr vs -4.57%/yr for BABX. With a 1.00 correlation, they move nearly in lockstep.
Performance
BABA vs. BABX - Performance Comparison
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Returns By Period
In the year-to-date period, BABA achieves a -19.11% return, which is significantly higher than BABX's -43.40% return.
BABA
- 1D
- -0.17%
- 1M
- 5.88%
- 6M
- -30.63%
- YTD
- -19.11%
- 1Y
- 2.45%
- 3Y*
- 10.15%
- 5Y*
- -10.06%
- 10Y*
- 4.21%
BABX
- 1D
- -0.39%
- 1M
- 9.27%
- 6M
- -57.47%
- YTD
- -43.40%
- 1Y
- -20.22%
- 3Y*
- -4.57%
- 5Y*
- —
- 10Y*
- —
BABA vs. BABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABA Alibaba Group Holding Limited | -19.11% | 75.80% | 11.77% | -10.83% | -1.48% |
BABX GraniteShares 2x Long BABA Daily ETF | -43.40% | 123.85% | 1.23% | -33.89% | -9.68% |
Correlation
The correlation between BABA and BABX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 1.00 |
The correlation between BABA and BABX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
BABA vs. BABX — Risk / Return Rank
BABA
BABX
BABA vs. BABX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alibaba Group Holding Limited (BABA) and GraniteShares 2x Long BABA Daily ETF (BABX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BABA | BABX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.03 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.26 | +0.31 |
| Martin ratioReturn relative to average drawdown | 0.10 | -0.46 | +0.57 |
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Drawdowns
BABA vs. BABX - Drawdown Comparison
The maximum BABA drawdown since its inception was -80.09%, roughly equal to the maximum BABX drawdown of -78.83%. Use the drawdown chart below to compare losses from any high point for BABA and BABX.
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Drawdown Indicators
| BABA | BABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.09% | -78.83% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -49.47% | -78.83% | +29.36% |
Max Drawdown (3Y)Largest decline over 3 years | -49.47% | -78.83% | +29.36% |
Max Drawdown (5Y)Largest decline over 5 years | -70.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.09% | — | — |
Current DrawdownCurrent decline from peak | -60.63% | -68.05% | +7.42% |
Average DrawdownAverage peak-to-trough decline | -37.76% | -46.10% | +8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.49% | 43.60% | -20.11% |
Volatility
BABA vs. BABX - Volatility Comparison
The current volatility for Alibaba Group Holding Limited (BABA) is 14.52%, while GraniteShares 2x Long BABA Daily ETF (BABX) has a volatility of 28.33%. This indicates that BABA experiences smaller price fluctuations and is considered to be less risky than BABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BABA | BABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.52% | 28.33% | -13.81% |
Volatility (6M)Calculated over the trailing 6-month period | 29.03% | 57.90% | -28.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.56% | 89.18% | -44.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.69% | 83.40% | -31.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.57% | 83.40% | -39.83% |
Dividends
BABA vs. BABX - Dividend Comparison
BABA's dividend yield for the trailing twelve months is around 0.89%, while BABX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BABA Alibaba Group Holding Limited | 0.89% | 1.36% | 1.96% | 1.29% |
BABX GraniteShares 2x Long BABA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, BABA and BABX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BABX has higher volatility (28.33%) compared to BABA (14.52%). In terms of maximum drawdown, BABA dropped -80.09% vs BABX's -78.83%.
BABA currently has the higher Sharpe Ratio (0.06 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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