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 -6.12%/yr vs 21.64%/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 -53.86% return, which is significantly lower than AMZN's 0.85% return.
BABX
- 1D
- -3.98%
- 1M
- -34.60%
- YTD
- -53.86%
- 6M
- -56.67%
- 1Y
- -32.89%
- 3Y*
- -6.12%
- 5Y*
- —
- 10Y*
- —
AMZN
- 1D
- -4.75%
- 1M
- -12.59%
- YTD
- 0.85%
- 6M
- 1.91%
- 1Y
- 11.02%
- 3Y*
- 21.64%
- 5Y*
- 5.85%
- 10Y*
- 20.88%
BABX vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -53.86% | 123.85% | 1.23% | -33.89% | -9.68% |
AMZN Amazon.com, Inc | 0.85% | 5.21% | 44.39% | 80.88% | -7.23% |
Correlation
The correlation between BABX and AMZN is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
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 | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.09 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 0.51 | -0.96 |
| Martin ratioReturn relative to average drawdown | -0.84 | 1.18 | -2.02 |
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Drawdowns
BABX vs. AMZN - Drawdown Comparison
The maximum BABX drawdown since its inception was -73.95%, 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 | -73.95% | -94.40% | +20.45% |
Max Drawdown (1Y)Largest decline over 1 year | -73.95% | -21.74% | -52.21% |
Max Drawdown (3Y)Largest decline over 3 years | -73.95% | -30.88% | -43.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -73.95% | -15.35% | -58.60% |
Average DrawdownAverage peak-to-trough decline | -45.55% | -28.18% | -17.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.17% | 9.37% | +29.80% |
Volatility
BABX vs. AMZN - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 15.92% compared to Amazon.com, Inc (AMZN) at 10.30%. 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 | 15.92% | 10.30% | +5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 58.27% | 21.84% | +36.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.79% | 30.95% | +56.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.86% | 35.68% | +47.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.86% | 32.57% | +50.29% |
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 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABX has higher volatility (15.92%) compared to AMZN (10.30%). In terms of maximum drawdown, BABX dropped -73.95% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.36 vs -0.38), 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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