BABX vs. ARM
BABX (GraniteShares 2x Long BABA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while ARM (Arm Holdings plc American Depositary Shares) is a stock. Over the past year, BABX returned -36.03% vs 145.36% for ARM. At a 0.26 correlation, their price movements are largely independent.
Performance
BABX vs. ARM - Performance Comparison
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Returns By Period
In the year-to-date period, BABX achieves a -55.91% return, which is significantly lower than ARM's 235.18% return.
BABX
- 1D
- -4.45%
- 1M
- -37.51%
- YTD
- -55.91%
- 6M
- -58.68%
- 1Y
- -36.03%
- 3Y*
- -7.54%
- 5Y*
- —
- 10Y*
- —
ARM
- 1D
- -10.14%
- 1M
- 19.54%
- YTD
- 235.18%
- 6M
- 227.08%
- 1Y
- 145.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BABX vs. ARM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -55.91% | 123.85% | 1.23% | -21.92% |
ARM Arm Holdings plc American Depositary Shares | 235.18% | -11.39% | 64.16% | 33.95% |
Correlation
The correlation between BABX and ARM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.26 |
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Return for Risk
BABX vs. ARM — Risk / Return Rank
BABX
ARM
BABX vs. ARM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and Arm Holdings plc American Depositary Shares (ARM). 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 | ARM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.35 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 3.53 | -4.01 |
| Martin ratioReturn relative to average drawdown | -0.91 | 6.92 | -7.83 |
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Drawdowns
BABX vs. ARM - Drawdown Comparison
The maximum BABX drawdown since its inception was -75.11%, which is greater than ARM's maximum drawdown of -53.97%. Use the drawdown chart below to compare losses from any high point for BABX and ARM.
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Drawdown Indicators
| BABX | ARM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.11% | -53.97% | -21.14% |
Max Drawdown (1Y)Largest decline over 1 year | -75.11% | -41.47% | -33.64% |
Max Drawdown (3Y)Largest decline over 3 years | -75.11% | — | — |
Current DrawdownCurrent decline from peak | -75.11% | -16.63% | -58.48% |
Average DrawdownAverage peak-to-trough decline | -45.58% | -21.19% | -24.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.45% | 21.10% | +18.35% |
Volatility
BABX vs. ARM - Volatility Comparison
The current volatility for GraniteShares 2x Long BABA Daily ETF (BABX) is 15.89%, while Arm Holdings plc American Depositary Shares (ARM) has a volatility of 35.68%. This indicates that BABX experiences smaller price fluctuations and is considered to be less risky than ARM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BABX | ARM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.89% | 35.68% | -19.79% |
Volatility (6M)Calculated over the trailing 6-month period | 58.39% | 59.56% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.73% | 70.84% | +16.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.85% | 76.95% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 76.95% | +5.90% |
Dividends
BABX vs. ARM - Dividend Comparison
Neither BABX nor ARM has paid dividends to shareholders.
Frequently Asked Questions
BABX and ARM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARM has higher volatility (35.68%) compared to BABX (15.89%). In terms of maximum drawdown, BABX dropped -75.11% vs ARM's -53.97%.
ARM currently has the higher Sharpe Ratio (2.07 vs -0.41), 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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