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 -5.95%/yr vs 27.29%/yr for AMZN. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
BABX vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, BABX achieves a -39.35% return, which is significantly lower than AMZN's 17.66% return.
BABX
- 1D
- 10.29%
- 1M
- 57.49%
- 6M
- -53.25%
- YTD
- -39.35%
- 1Y
- -15.60%
- 3Y*
- -5.95%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -5.30%
AMZN
- 1D
- 15.32%
- 1M
- 11.91%
- 6M
- 13.49%
- YTD
- 17.66%
- 1Y
- 26.46%
- 3Y*
- 27.29%
- 5Y*
- 10.30%
- 10Y*
- 21.72%
- ALL TIME*
- 30.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMZN Amazon.com, Inc | $13.00B | $11.21B | $12.30B |
| $11.48M | $17.35M | $21.24M |
BABX vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -39.35% | 123.85% | 1.23% | -33.89% | -9.68% |
AMZN Amazon.com, Inc | 17.66% | 5.21% | 44.39% | 80.88% | -7.23% |
Correlation
The correlation between BABX and AMZN is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.27 |
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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 | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.11 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.74 | -1.00 |
| Martin ratioReturn relative to average drawdown | -0.45 | 1.58 | -2.03 |
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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 | — | -55.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -65.76% | -1.24% | -64.52% |
Average DrawdownAverage peak-to-trough decline | -46.37% | -28.11% | -18.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.90% | 10.26% | +35.64% |
Volatility
BABX vs. AMZN - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 27.65% compared to Amazon.com, Inc (AMZN) at 16.52%. 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 | 27.65% | 16.52% | +11.13% |
Volatility (6M)Calculated over the trailing 6-month period | 58.06% | 26.50% | +31.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.28% | 35.20% | +55.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.39% | 36.27% | +47.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.39% | 33.00% | +50.39% |
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 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABX has higher volatility (27.65%) compared to AMZN (16.52%). In terms of maximum drawdown, BABX dropped -78.83% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.46 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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