BABX vs. AVGO
BABX (GraniteShares 2x Long BABA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while AVGO (Broadcom Inc.) is a stock. Over the past 3 years, BABX returned -8.06%/yr vs 65.58%/yr for AVGO. At a 0.21 correlation, their price movements are largely independent.
Performance
BABX vs. AVGO - Performance Comparison
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Returns By Period
In the year-to-date period, BABX achieves a -48.20% return, which is significantly lower than AVGO's 12.84% return.
BABX
- 1D
- -0.16%
- 1M
- -3.31%
- 6M
- -59.30%
- YTD
- -48.20%
- 1Y
- -16.91%
- 3Y*
- -8.06%
- 5Y*
- —
- 10Y*
- —
AVGO
- 1D
- 1.32%
- 1M
- 2.00%
- 6M
- 10.13%
- YTD
- 12.84%
- 1Y
- 42.22%
- 3Y*
- 65.58%
- 5Y*
- 55.03%
- 10Y*
- 41.00%
BABX vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -48.20% | 123.85% | 1.23% | -33.89% | -9.68% |
AVGO Broadcom Inc. | 12.84% | 50.63% | 110.49% | 104.18% | 1.29% |
Correlation
The correlation between BABX and AVGO 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 | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.21 |
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Return for Risk
BABX vs. AVGO — Risk / Return Rank
BABX
AVGO
BABX vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and Broadcom Inc. (AVGO). 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 | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.19 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.48 | -1.70 |
| Martin ratioReturn relative to average drawdown | -0.39 | 3.12 | -3.51 |
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Drawdowns
BABX vs. AVGO - Drawdown Comparison
The maximum BABX drawdown since its inception was -78.83%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for BABX and AVGO.
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Drawdown Indicators
| BABX | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.83% | -48.30% | -30.53% |
Max Drawdown (1Y)Largest decline over 1 year | -78.83% | -28.67% | -50.16% |
Max Drawdown (3Y)Largest decline over 3 years | -78.83% | -41.15% | -37.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.30% | — |
Current DrawdownCurrent decline from peak | -70.76% | -19.07% | -51.69% |
Average DrawdownAverage peak-to-trough decline | -46.05% | -8.04% | -38.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.18% | 13.58% | +29.60% |
Volatility
BABX vs. AVGO - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 26.72% compared to Broadcom Inc. (AVGO) at 14.36%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BABX | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.72% | 14.36% | +12.36% |
Volatility (6M)Calculated over the trailing 6-month period | 60.20% | 34.26% | +25.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.15% | 46.95% | +43.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.34% | 43.81% | +39.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.34% | 39.65% | +43.69% |
Dividends
BABX vs. AVGO - Dividend Comparison
BABX has not paid dividends to shareholders, while AVGO's dividend yield for the trailing twelve months is around 0.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.65% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
BABX GraniteShares 2x Long BABA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BABX and AVGO 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 (26.72%) compared to AVGO (14.36%). In terms of maximum drawdown, BABX dropped -78.83% vs AVGO's -48.30%.
AVGO currently has the higher Sharpe Ratio (0.90 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.
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