BABX vs. BABA

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares 2x Long BABA Daily ETF (BABX) and Alibaba Group Holding Limited (BABA).

BABX is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.

Performance

BABX vs. BABA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long BABA Daily ETF (BABX) and Alibaba Group Holding Limited (BABA). The values are adjusted to include any dividend payments, if applicable.

BABX vs. BABA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BABX GraniteShares 2x Long BABA Daily ETF	-31.52%	123.85%	1.23%	-33.89%	-7.32%
BABA Alibaba Group Holding Limited	-14.41%	75.80%	11.77%	-10.83%	-3.63%

Returns By Period

In the year-to-date period, BABX achieves a -31.52% return, which is significantly lower than BABA's -14.41% return.

BABX

• 1D: 5.70%
• 1M: -25.93%
• YTD: -31.52%
• 6M: -56.68%
• 1Y: -30.71%
• 3Y*: -5.38%
• 5Y*: —
• 10Y*: —

BABA

• 1D: 2.85%
• 1M: -12.94%
• YTD: -14.41%
• 6M: -29.80%
• 1Y: -3.52%
• 3Y*: 8.94%
• 5Y*: -10.05%
• 10Y*: 5.31%

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

Return for Risk

BABX vs. BABA — Risk / Return Rank

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

BABX

BABX Risk / Return Rank: 7
BABX Sharpe Ratio Rank: 6
BABX Sortino Ratio Rank: 11
BABX Omega Ratio Rank: 11
BABX Calmar Ratio Rank: 4
BABX Martin Ratio Rank: 4

BABA

BABA Risk / Return Rank: 38
BABA Sharpe Ratio Rank: 39
BABA Sortino Ratio Rank: 36
BABA Omega Ratio Rank: 36
BABA Calmar Ratio Rank: 39
BABA Martin Ratio Rank: 38

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. BABA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and Alibaba Group Holding Limited (BABA). 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	BABA	Difference
Sharpe ratio Return per unit of total volatility	-0.33	-0.08	-0.26
Sortino ratio Return per unit of downside risk	0.09	0.23	-0.14
Omega ratio Gain probability vs. loss probability	1.01	1.03	-0.02
Calmar ratio Return relative to maximum drawdown	-0.49	-0.10	-0.39
Martin ratio Return relative to average drawdown	-0.98	-0.24	-0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BABX vs. BABA - Sharpe Ratio Comparison

The current BABX Sharpe Ratio is -0.33, which is lower than the BABA Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of BABX and BABA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BABX	BABA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.33	-0.08	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.07	-0.09

Correlation

The correlation between BABX and BABA is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BABX vs. BABA - Dividend Comparison

BABX has not paid dividends to shareholders, while BABA's dividend yield for the trailing twelve months is around 1.59%.

	TTM	2025	2024	2023
BABX GraniteShares 2x Long BABA Daily ETF	0.00%	0.00%	0.00%	0.00%
BABA Alibaba Group Holding Limited	1.59%	1.36%	1.96%	1.29%

Drawdowns

BABX vs. BABA - Drawdown Comparison

The maximum BABX drawdown since its inception was -70.62%, smaller than the maximum BABA drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for BABX and BABA.

Drawdown Indicators

	BABX	BABA	Difference
Max Drawdown Largest peak-to-trough decline	-70.62%	-80.09%	+9.47%
Max Drawdown (1Y) Largest decline over 1 year	-63.43%	-35.58%	-27.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-74.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.09%	—
Current Drawdown Current decline from peak	-61.35%	-58.34%	-3.01%
Average Drawdown Average peak-to-trough decline	-44.56%	-37.23%	-7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.47%	15.43%	+16.04%

Volatility

BABX vs. BABA - Volatility Comparison

GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 25.50% compared to Alibaba Group Holding Limited (BABA) at 12.47%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier than BABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BABX	BABA	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.50%	12.47%	+13.03%
Volatility (6M) Calculated over the trailing 6-month period	58.87%	29.36%	+29.51%
Volatility (1Y) Calculated over the trailing 1-year period	92.17%	45.97%	+46.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.96%	51.12%	+31.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.96%	43.22%	+39.74%