BABX vs. AMZN
Compare and contrast key facts about GraniteShares 2x Long BABA Daily ETF (BABX) and Amazon.com, Inc. (AMZN).
BABX is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BABX or AMZN.
Key characteristics
| BABX | AMZN | |
|---|---|---|
| YTD Return | 22.10% | 40.91% |
| 1Y Return | 6.24% | 46.84% |
| Sharpe Ratio | 0.13 | 1.86 |
| Sortino Ratio | 0.75 | 2.54 |
| Omega Ratio | 1.09 | 1.33 |
| Calmar Ratio | 0.14 | 2.14 |
| Martin Ratio | 0.40 | 8.53 |
| Ulcer Index | 24.71% | 5.88% |
| Daily Std Dev | 74.46% | 26.97% |
| Max Drawdown | -70.62% | -94.40% |
| Current Drawdown | -52.56% | 0.00% |
Correlation
The correlation between BABX and AMZN 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.
Performance
BABX vs. AMZN - Performance Comparison
In the year-to-date period, BABX achieves a 22.10% return, which is significantly lower than AMZN's 40.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BABX vs. AMZN - Risk-Adjusted Performance 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.
Dividends
BABX vs. AMZN - Dividend Comparison
Neither BABX nor AMZN has paid dividends to shareholders.
Drawdowns
BABX vs. AMZN - Drawdown Comparison
The maximum BABX drawdown since its inception was -70.62%, 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. For additional features, visit the drawdowns tool.
Volatility
BABX vs. AMZN - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 20.91% compared to Amazon.com, Inc. (AMZN) at 9.17%. 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.