BABX vs. AMZN
BABX (GraniteShares 2x Long BABA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while AMZN (Amazon.com, Inc) is a stock. Over the past 3 years, BABX returned -6.51%/yr vs 23.97%/yr for AMZN. At a 0.26 correlation, their price movements are largely independent.
Performance
BABX vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, BABX achieves a -48.14% return, which is significantly lower than AMZN's 6.29% return.
BABX
- 1D
- 2.13%
- 1M
- -3.21%
- 6M
- -50.56%
- YTD
- -48.14%
- 1Y
- -14.46%
- 3Y*
- -6.51%
- 5Y*
- —
- 10Y*
- —
AMZN
- 1D
- -0.69%
- 1M
- 2.85%
- 6M
- -0.82%
- YTD
- 6.29%
- 1Y
- 9.03%
- 3Y*
- 23.97%
- 5Y*
- 5.70%
- 10Y*
- 20.69%
BABX vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -48.14% | 123.85% | 1.23% | -33.89% | -9.68% |
AMZN Amazon.com, Inc | 6.29% | 5.21% | 44.39% | 80.88% | -7.23% |
Correlation
The correlation between BABX and AMZN is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.26 |
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Return for Risk
BABX vs. AMZN — Risk / Return Rank
BABX
AMZN
BABX vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and Amazon.com, Inc (AMZN). 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.
| BABX | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.08 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.48 | -0.66 |
| Martin ratioReturn relative to average drawdown | -0.34 | 1.06 | -1.40 |
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Drawdowns
BABX vs. AMZN - Drawdown Comparison
The maximum BABX drawdown since its inception was -78.83%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for BABX and AMZN.
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Drawdown Indicators
| BABX | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.83% | -94.40% | +15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -78.83% | -21.74% | -57.09% |
Max Drawdown (3Y)Largest decline over 3 years | -78.83% | -30.88% | -47.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -70.73% | -10.78% | -59.95% |
Average DrawdownAverage peak-to-trough decline | -45.99% | -28.15% | -17.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.72% | 9.82% | +32.90% |
Volatility
BABX vs. AMZN - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 27.76% compared to Amazon.com, Inc (AMZN) at 10.10%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BABX | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.76% | 10.10% | +17.66% |
Volatility (6M)Calculated over the trailing 6-month period | 61.25% | 21.87% | +39.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.30% | 30.94% | +59.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.43% | 35.66% | +47.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.43% | 32.57% | +50.86% |
Dividends
BABX vs. AMZN - Dividend Comparison
Neither BABX nor AMZN has paid dividends to shareholders.
Frequently Asked Questions
BABX and AMZN have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABX has higher volatility (27.76%) compared to AMZN (10.10%). In terms of maximum drawdown, BABX dropped -78.83% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.34 vs -0.16), 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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