BABA vs. BABX

Last updated Apr 1, 2026

Compare and contrast key facts about Alibaba Group Holding Limited (BABA) and GraniteShares 2x Long BABA Daily ETF (BABX).

BABX is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.

Performance

BABA vs. BABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alibaba Group Holding Limited (BABA) and GraniteShares 2x Long BABA Daily ETF (BABX). The values are adjusted to include any dividend payments, if applicable.

BABA vs. BABX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BABA Alibaba Group Holding Limited	-14.41%	75.80%	11.77%	-10.83%	-3.63%
BABX GraniteShares 2x Long BABA Daily ETF	-31.52%	123.85%	1.23%	-33.89%	-7.32%

Returns By Period

In the year-to-date period, BABA achieves a -14.41% return, which is significantly higher than BABX's -31.52% return.

BABA

• 1D: 2.85%
• 1M: -12.94%
• YTD: -14.41%
• 6M: -29.80%
• 1Y: -3.52%
• 3Y*: 8.94%
• 5Y*: -10.05%
• 10Y*: 5.31%

BABX

• 1D: 5.70%
• 1M: -25.93%
• YTD: -31.52%
• 6M: -56.68%
• 1Y: -30.71%
• 3Y*: -5.38%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BABA vs. BABX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BABA

BABA Risk / Return Rank: 38
BABA Sharpe Ratio Rank: 39
BABA Sortino Ratio Rank: 36
BABA Omega Ratio Rank: 36
BABA Calmar Ratio Rank: 39
BABA Martin Ratio Rank: 38

BABX

BABX Risk / Return Rank: 7
BABX Sharpe Ratio Rank: 6
BABX Sortino Ratio Rank: 11
BABX Omega Ratio Rank: 11
BABX Calmar Ratio Rank: 4
BABX Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	BABA	BABX	Difference
Sharpe ratio Return per unit of total volatility	-0.08	-0.33	+0.26
Sortino ratio Return per unit of downside risk	0.23	0.09	+0.14
Omega ratio Gain probability vs. loss probability	1.03	1.01	+0.02
Calmar ratio Return relative to maximum drawdown	-0.10	-0.49	+0.39
Martin ratio Return relative to average drawdown	-0.24	-0.98	+0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BABA vs. BABX - Sharpe Ratio Comparison

The current BABA Sharpe Ratio is -0.08, which is higher than the BABX Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of BABA and BABX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BABA	BABX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	-0.33	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	-0.02	+0.09

Correlation

The correlation between BABA and BABX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BABA vs. BABX - Dividend Comparison

BABA's dividend yield for the trailing twelve months is around 1.59%, while BABX has not paid dividends to shareholders.

	TTM	2025	2024	2023
BABA Alibaba Group Holding Limited	1.59%	1.36%	1.96%	1.29%
BABX GraniteShares 2x Long BABA Daily ETF	0.00%	0.00%	0.00%	0.00%

Drawdowns

BABA vs. BABX - Drawdown Comparison

The maximum BABA drawdown since its inception was -80.09%, which is greater than BABX's maximum drawdown of -70.62%. Use the drawdown chart below to compare losses from any high point for BABA and BABX.

Drawdown Indicators

	BABA	BABX	Difference
Max Drawdown Largest peak-to-trough decline	-80.09%	-70.62%	-9.47%
Max Drawdown (1Y) Largest decline over 1 year	-35.58%	-63.43%	+27.85%
Max Drawdown (5Y) Largest decline over 5 years	-74.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-80.09%	—	—
Current Drawdown Current decline from peak	-58.34%	-61.35%	+3.01%
Average Drawdown Average peak-to-trough decline	-37.23%	-44.56%	+7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.43%	31.47%	-16.04%

Volatility

BABA vs. BABX - Volatility Comparison

The current volatility for Alibaba Group Holding Limited (BABA) is 12.47%, while GraniteShares 2x Long BABA Daily ETF (BABX) has a volatility of 25.50%. 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.

Volatility by Period

	BABA	BABX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.47%	25.50%	-13.03%
Volatility (6M) Calculated over the trailing 6-month period	29.36%	58.87%	-29.51%
Volatility (1Y) Calculated over the trailing 1-year period	45.97%	92.17%	-46.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.12%	82.96%	-31.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.22%	82.96%	-39.74%