BABX vs. ARM

Last updated Jul 15, 2026

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 -16.91% vs 94.53% for ARM. At a 0.27 correlation, their price movements are largely independent.

Performance

BABX vs. ARM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long BABA Daily ETF (BABX) and Arm Holdings plc American Depositary Shares (ARM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BABX achieves a -48.20% return, which is significantly lower than ARM's 157.22% return.

BABX

• 1D: -0.16%
• 1M: -3.31%
• 6M: -59.30%
• YTD: -48.20%
• 1Y: -16.91%
• 3Y*: -8.06%
• 5Y*: —
• 10Y*: —

ARM

• 1D: -5.96%
• 1M: -26.17%
• 6M: 160.73%
• YTD: 157.22%
• 1Y: 94.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BABX vs. ARM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BABX GraniteShares 2x Long BABA Daily ETF	-48.20%	123.85%	1.23%	-21.92%
ARM Arm Holdings plc American Depositary Shares	157.22%	-11.39%	64.16%	33.95%

Correlation

The correlation between BABX and ARM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.27

Return for Risk

BABX vs. ARM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BABX

BABX Risk / Return Rank: 9
BABX Sharpe Ratio Rank: 7
BABX Sortino Ratio Rank: 12
BABX Omega Ratio Rank: 11
BABX Calmar Ratio Rank: 7
BABX Martin Ratio Rank: 7

ARM

ARM Risk / Return Rank: 80
ARM Sharpe Ratio Rank: 82
ARM Sortino Ratio Rank: 82
ARM Omega Ratio Rank: 80
ARM Calmar Ratio Rank: 82
ARM Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	-0.19	1.31	-1.50
Sortino ratio: Return per unit of downside risk	0.38	2.12	-1.74
Omega ratio: Gain probability vs. loss probability	1.04	1.26	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.22	2.29	-2.51
Martin ratio: Return relative to average drawdown	-0.39	4.34	-4.73

BABX vs. ARM - Sharpe Ratio Comparison

The current BABX Sharpe Ratio is -0.19, which is lower than the ARM Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of BABX and ARM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BABX vs. ARM - Drawdown Comparison

The maximum BABX drawdown since its inception was -78.83%, 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.

Drawdown Indicators

	BABX	ARM	Difference
Max Drawdown Largest peak-to-trough decline	-78.83%	-53.97%	-24.86%
Max Drawdown (1Y) Largest decline over 1 year	-78.83%	-41.47%	-37.36%
Max Drawdown (3Y) Largest decline over 3 years	-78.83%	—	—
Current Drawdown Current decline from peak	-70.76%	-36.02%	-34.74%
Average Drawdown Average peak-to-trough decline	-46.05%	-21.28%	-24.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.18%	21.84%	+21.34%

Volatility

BABX vs. ARM - Volatility Comparison

GraniteShares 2x Long BABA Daily ETF (BABX) and Arm Holdings plc American Depositary Shares (ARM) have volatilities of 26.72% and 28.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BABX	ARM	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.72%	28.07%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	60.20%	62.49%	-2.29%
Volatility (1Y) Calculated over the trailing 1-year period	90.15%	72.68%	+17.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.34%	77.03%	+6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.34%	77.03%	+6.31%

Dividends

BABX vs. ARM - Dividend Comparison

Neither BABX nor ARM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BABX and ARM in my portfolio?

BABX and ARM 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.

Which is riskier, BABX or ARM?

ARM has higher volatility (28.07%) compared to BABX (26.72%). In terms of maximum drawdown, BABX dropped -78.83% vs ARM's -53.97%.

Which has better risk-adjusted returns?

ARM currently has the higher Sharpe Ratio (1.31 vs -0.19), 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.