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 -8.73% vs 73.76% for ARM. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
BABX vs. ARM - Performance Comparison
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Returns By Period
In the year-to-date period, BABX achieves a -34.41% return, which is significantly lower than ARM's 118.70% return.
BABX
- 1D
- 8.14%
- 1M
- 70.32%
- 6M
- -48.73%
- YTD
- -34.41%
- 1Y
- -8.73%
- 3Y*
- -1.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.23%
ARM
- 1D
- -0.26%
- 1M
- -24.18%
- 6M
- 123.57%
- YTD
- 118.70%
- 1Y
- 73.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 65.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.57B | $1.71B | $3.25B | |
| $10.82M | $17.86M | $21.53M |
BABX vs. ARM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -34.41% | 123.85% | 1.23% | -21.92% |
ARM Arm Holdings plc American Depositary Shares | 118.70% | -11.39% | 64.16% | 33.95% |
Correlation
The correlation between BABX and ARM is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
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 | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.22 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.52 | -1.63 |
| Martin ratioReturn relative to average drawdown | -0.19 | 3.19 | -3.38 |
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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.
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Drawdown Indicators
| BABX | ARM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.83% | -53.97% | -24.86% |
Max Drawdown (1Y)Largest decline over 1 year | -78.83% | -48.83% | -30.00% |
Max Drawdown (3Y)Largest decline over 3 years | -78.83% | — | — |
Current DrawdownCurrent decline from peak | -62.98% | -45.60% | -17.38% |
Average DrawdownAverage peak-to-trough decline | -46.39% | -21.66% | -24.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.06% | 23.17% | +22.89% |
Volatility
BABX vs. ARM - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 27.52% compared to Arm Holdings plc American Depositary Shares (ARM) at 24.32%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier 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 | 27.52% | 24.32% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 58.46% | 64.61% | -6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.46% | 73.61% | +16.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.45% | 77.12% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.45% | 77.12% | +6.33% |
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 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABX has higher volatility (27.52%) compared to ARM (24.32%). In terms of maximum drawdown, BABX dropped -78.83% vs ARM's -53.97%.
ARM currently has the higher Sharpe Ratio (1.01 vs -0.10), 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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