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 7.69%/yr vs -9.27%/yr for BABX. With a 1.00 correlation, they move nearly in lockstep.
Performance
BABA vs. BABX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BABA achieves a -31.29% return, which is significantly higher than BABX's -58.35% return.
BABA
- 1D
- -2.73%
- 1M
- -22.53%
- YTD
- -31.29%
- 6M
- -32.88%
- 1Y
- -13.92%
- 3Y*
- 7.69%
- 5Y*
- -14.23%
- 10Y*
- 3.35%
BABX
- 1D
- -5.54%
- 1M
- -40.98%
- YTD
- -58.35%
- 6M
- -60.39%
- 1Y
- -43.55%
- 3Y*
- -9.27%
- 5Y*
- —
- 10Y*
- —
BABA vs. BABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABA Alibaba Group Holding Limited | -31.29% | 75.80% | 11.77% | -10.83% | -1.48% |
BABX GraniteShares 2x Long BABA Daily ETF | -58.35% | 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.96 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | -0.57 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.67 | -1.10 | +0.43 |
Loading charts...
Drawdowns
BABA vs. BABX - Drawdown Comparison
The maximum BABA drawdown since its inception was -80.09%, roughly equal to the maximum BABX drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for BABA and BABX.
Loading charts...
Drawdown Indicators
| BABA | BABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.09% | -76.49% | -3.60% |
Max Drawdown (1Y)Largest decline over 1 year | -46.81% | -76.49% | +29.68% |
Max Drawdown (3Y)Largest decline over 3 years | -46.81% | -76.49% | +29.68% |
Max Drawdown (5Y)Largest decline over 5 years | -72.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.09% | — | — |
Current DrawdownCurrent decline from peak | -66.56% | -76.49% | +9.93% |
Average DrawdownAverage peak-to-trough decline | -37.62% | -45.62% | +8.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.87% | 39.75% | -18.88% |
Volatility
BABA vs. BABX - Volatility Comparison
The current volatility for Alibaba Group Holding Limited (BABA) is 8.20%, while GraniteShares 2x Long BABA Daily ETF (BABX) has a volatility of 16.24%. 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.
Loading charts...
Volatility by Period
| BABA | BABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.20% | 16.24% | -8.04% |
Volatility (6M)Calculated over the trailing 6-month period | 29.33% | 58.47% | -29.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.90% | 87.90% | -44.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.47% | 82.86% | -31.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.42% | 82.86% | -39.44% |
Dividends
BABA vs. BABX - Dividend Comparison
BABA's dividend yield for the trailing twelve months is around 1.05%, while BABX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BABA Alibaba Group Holding Limited | 1.05% | 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 (16.24%) compared to BABA (8.20%). In terms of maximum drawdown, BABA dropped -80.09% vs BABX's -76.49%.
BABA currently has the higher Sharpe Ratio (-0.32 vs -0.50), 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.
Find the right allocation for BABA and BABX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer