Correlation
The correlation between BABO and BABA is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BABO vs. BABA
Compare and contrast key facts about YieldMax BABA Option Income Strategy ETF (BABO) and Alibaba Group Holding Limited (BABA).
BABO is an actively managed fund by YieldMax. It was launched on Aug 7, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BABO or BABA.
Performance
BABO vs. BABA - Performance Comparison
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Key characteristics
BABO:
39.15%
BABA:
45.66%
BABO:
-29.26%
BABA:
-80.09%
BABO:
-17.01%
BABA:
-61.09%
Returns By Period
In the year-to-date period, BABO achieves a 23.35% return, which is significantly lower than BABA's 42.39% return.
BABO
23.35%
3.06%
24.06%
N/A
N/A
N/A
N/A
BABA
42.39%
1.21%
45.23%
49.84%
14.38%
-9.18%
2.92%
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Risk-Adjusted Performance
BABO vs. BABA — Risk-Adjusted Performance Rank
BABO
BABA
BABO vs. BABA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax BABA Option Income Strategy ETF (BABO) and Alibaba Group Holding Limited (BABA). 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.
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Dividends
BABO vs. BABA - Dividend Comparison
BABO's dividend yield for the trailing twelve months is around 54.48%, more than BABA's 0.55% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BABO YieldMax BABA Option Income Strategy ETF | 54.48% | 20.65% | 0.00% |
BABA Alibaba Group Holding Limited | 0.55% | 0.78% | 1.29% |
Drawdowns
BABO vs. BABA - Drawdown Comparison
The maximum BABO drawdown since its inception was -29.26%, smaller than the maximum BABA drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for BABO and BABA.
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Volatility
BABO vs. BABA - Volatility Comparison
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