BABX vs. BABA
BABX (GraniteShares 2x Long BABA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while BABA (Alibaba Group Holding Limited) is a stock. Over the past 3 years, BABX returned -5.95%/yr vs 9.08%/yr for BABA. Their 1.00 correlation means they have historically moved very closely together.
Performance
BABX vs. BABA - Performance Comparison
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Returns By Period
In the year-to-date period, BABX achieves a -39.35% return, which is significantly lower than BABA's -15.83% return.
BABX
- 1D
- 10.29%
- 1M
- 57.49%
- 6M
- -53.25%
- YTD
- -39.35%
- 1Y
- -15.60%
- 3Y*
- -5.95%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -5.30%
BABA
- 1D
- 5.10%
- 1M
- 27.16%
- 6M
- -27.24%
- YTD
- -15.83%
- 1Y
- 5.38%
- 3Y*
- 9.08%
- 5Y*
- -7.82%
- 10Y*
- 4.48%
- ALL TIME*
- 2.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.13B | $1.37B | $1.51B | |
| $11.48M | $17.35M | $21.24M |
BABX vs. BABA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -39.35% | 123.85% | 1.23% | -33.89% | -9.68% |
BABA Alibaba Group Holding Limited | -15.83% | 75.80% | 11.77% | -10.83% | -1.48% |
Correlation
The correlation between BABX and BABA is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 1.00 |
The correlation between BABX and BABA has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
BABX vs. BABA — Risk / Return Rank
BABX
BABA
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.
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 | BABA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.05 | -0.31 |
| Martin ratioReturn relative to average drawdown | -0.45 | 0.09 | -0.54 |
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Drawdowns
BABX vs. BABA - Drawdown Comparison
The maximum BABX drawdown since its inception was -78.83%, roughly equal to the maximum BABA drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for BABX and BABA.
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Drawdown Indicators
| BABX | BABA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.83% | -80.09% | +1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -78.83% | -49.47% | -29.36% |
Max Drawdown (3Y)Largest decline over 3 years | -78.83% | -49.47% | -29.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.09% | — |
Current DrawdownCurrent decline from peak | -65.76% | -59.04% | -6.72% |
Average DrawdownAverage peak-to-trough decline | -46.37% | -37.84% | -8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.90% | 24.79% | +21.11% |
Volatility
BABX vs. BABA - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 27.65% compared to Alibaba Group Holding Limited (BABA) at 14.17%. 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.
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Volatility by Period
| BABX | BABA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.65% | 14.17% | +13.48% |
Volatility (6M)Calculated over the trailing 6-month period | 58.06% | 29.11% | +28.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.28% | 45.09% | +45.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.39% | 51.60% | +31.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.39% | 43.64% | +39.75% |
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 0.86%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BABA Alibaba Group Holding Limited | 0.86% | 1.36% | 1.96% | 1.29% |
BABX GraniteShares 2x Long BABA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, BABX and BABA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BABX has higher volatility (27.65%) compared to BABA (14.17%). In terms of maximum drawdown, BABX dropped -78.83% vs BABA's -80.09%.
BABA currently has the higher Sharpe Ratio (0.05 vs -0.23), 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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