BABX vs. BABA
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BABX or BABA.
Key characteristics
| BABX | BABA | |
|---|---|---|
| YTD Return | 31.59% | 24.16% |
| 1Y Return | 16.99% | 17.84% |
| Sharpe Ratio | 0.23 | 0.47 |
| Sortino Ratio | 0.88 | 0.94 |
| Omega Ratio | 1.11 | 1.12 |
| Calmar Ratio | 0.24 | 0.23 |
| Martin Ratio | 0.69 | 1.40 |
| Ulcer Index | 24.45% | 12.74% |
| Daily Std Dev | 74.21% | 37.75% |
| Max Drawdown | -70.62% | -80.09% |
| Current Drawdown | -48.88% | -69.25% |
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.
Performance
BABX vs. BABA - Performance Comparison
In the year-to-date period, BABX achieves a 31.59% return, which is significantly higher than BABA's 24.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BABX vs. BABA - Risk-Adjusted Performance 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.
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 1.74%.
| TTM | 2023 | |
|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | 0.00% | 0.00% |
BABA Alibaba Group Holding Limited | 1.74% | 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. For additional features, visit the drawdowns tool.
Volatility
BABX vs. BABA - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 22.57% compared to Alibaba Group Holding Limited (BABA) at 11.09%. 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.