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 -3.46% vs 219.79% 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 -32.66% return, which is significantly lower than ARM's 276.75% return.
BABX
- 1D
- -5.49%
- 1M
- -11.33%
- YTD
- -32.66%
- 6M
- -42.73%
- 1Y
- -3.46%
- 3Y*
- 6.70%
- 5Y*
- —
- 10Y*
- —
ARM
- 1D
- 2.26%
- 1M
- 102.61%
- YTD
- 276.75%
- 6M
- 195.88%
- 1Y
- 219.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BABX vs. ARM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -32.66% | 123.85% | 1.23% | -22.72% |
ARM Arm Holdings plc American Depositary Shares | 276.75% | -11.39% | 64.16% | 18.17% |
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 15, 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.
| BABX | ARM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.48 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 5.34 | -5.39 |
| Martin ratioReturn relative to average drawdown | -0.10 | 10.57 | -10.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BABX | ARM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 3.39 | -3.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 1.32 | -1.35 |
Drawdowns
BABX vs. ARM - Drawdown Comparison
The maximum BABX drawdown since its inception was -70.62%, 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 | -70.62% | -53.97% | -16.65% |
Max Drawdown (1Y)Largest decline over 1 year | -64.86% | -41.47% | -23.39% |
Max Drawdown (3Y)Largest decline over 3 years | -64.86% | — | — |
Current DrawdownCurrent decline from peak | -61.99% | 0.00% | -61.99% |
Average DrawdownAverage peak-to-trough decline | -45.24% | -21.42% | -23.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.29% | 20.88% | +15.41% |
Volatility
BABX vs. ARM - Volatility Comparison
The current volatility for GraniteShares 2x Long BABA Daily ETF (BABX) is 29.31%, while Arm Holdings plc American Depositary Shares (ARM) has a volatility of 33.02%. 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 | 29.31% | 33.02% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 57.74% | 53.31% | +4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.52% | 65.24% | +22.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.12% | 75.37% | +7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.12% | 75.37% | +7.75% |
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 (33.02%) compared to BABX (29.31%). In terms of maximum drawdown, BABX dropped -70.62% vs ARM's -53.97%.
ARM currently has the higher Sharpe Ratio (3.39 vs -0.04), 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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