BABX vs. BRKW

Last updated Jul 15, 2026

BABX (GraniteShares 2x Long BABA Daily ETF) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - BABX is a Leveraged Equities fund actively managed by GraniteShares, while BRKW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, BABX returned -16.91% vs -0.13% for BRKW. At a correlation of -0.06, they often move in opposite directions. BABX charges 1.15%/yr vs 0.99%/yr for BRKW.

Performance

BABX vs. BRKW - Performance Comparison

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

Returns By Period

In the year-to-date period, BABX achieves a -48.20% return, which is significantly lower than BRKW's -4.44% return.

BABX

• 1D: -0.16%
• 1M: -3.31%
• 6M: -59.30%
• YTD: -48.20%
• 1Y: -16.91%
• 3Y*: -8.06%
• 5Y*: —
• 10Y*: —

BRKW

• 1D: -1.23%
• 1M: 0.47%
• 6M: -2.62%
• YTD: -4.44%
• 1Y: -0.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BABX vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
BABX GraniteShares 2x Long BABA Daily ETF	-48.20%	39.53%
BRKW Roundhill BRKB WeeklyPay ETF	-4.44%	1.85%

Correlation

The correlation between BABX and BRKW is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	-0.06

BABX vs. BRKW - Sectors Allocation Comparison

Sectors	BABX	BRKW
Consumer Cyclical	66.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	7.8%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BABX vs. BRKW — Risk / Return Rank

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

BABX

BABX Risk / Return Rank: 9
BABX Sharpe Ratio Rank: 7
BABX Sortino Ratio Rank: 12
BABX Omega Ratio Rank: 11
BABX Calmar Ratio Rank: 7
BABX Martin Ratio Rank: 7

BRKW

BRKW Risk / Return Rank: 9
BRKW Sharpe Ratio Rank: 9
BRKW Sortino Ratio Rank: 9
BRKW Omega Ratio Rank: 9
BRKW Calmar Ratio Rank: 9
BRKW Martin Ratio Rank: 9

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. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and Roundhill BRKB WeeklyPay ETF (BRKW). 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	BRKW	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	-0.01	-0.18
Sortino ratio: Return per unit of downside risk	0.38	0.11	+0.27
Omega ratio: Gain probability vs. loss probability	1.04	1.01	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.22	-0.01	-0.21
Martin ratio: Return relative to average drawdown	-0.39	-0.02	-0.37

BABX vs. BRKW - Sharpe Ratio Comparison

The current BABX Sharpe Ratio is -0.19, which is lower than the BRKW Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of BABX and BRKW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BABX vs. BRKW - Drawdown Comparison

The maximum BABX drawdown since its inception was -78.83%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for BABX and BRKW.

Drawdown Indicators

	BABX	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-78.83%	-12.64%	-66.19%
Max Drawdown (1Y) Largest decline over 1 year	-78.83%	-12.64%	-66.19%
Max Drawdown (3Y) Largest decline over 3 years	-78.83%	—	—
Current Drawdown Current decline from peak	-70.76%	-7.49%	-63.27%
Average Drawdown Average peak-to-trough decline	-46.05%	-5.48%	-40.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.18%	6.28%	+36.90%

Volatility

BABX vs. BRKW - Volatility Comparison

GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 26.72% compared to Roundhill BRKB WeeklyPay ETF (BRKW) at 5.34%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier than BRKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BABX	BRKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.72%	5.34%	+21.38%
Volatility (6M) Calculated over the trailing 6-month period	60.20%	13.22%	+46.98%
Volatility (1Y) Calculated over the trailing 1-year period	90.15%	17.27%	+72.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.34%	17.27%	+66.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.34%	17.27%	+66.07%

BABX vs. BRKW - Expense Ratio Comparison

BABX has a 1.15% expense ratio, which is higher than BRKW's 0.99% expense ratio.

Dividends

BABX vs. BRKW - Dividend Comparison

BABX has not paid dividends to shareholders, while BRKW's dividend yield for the trailing twelve months is around 25.33%.

Position	TTM	2025
BABX GraniteShares 2x Long BABA Daily ETF	0.00%	0.00%
BRKW Roundhill BRKB WeeklyPay ETF	25.33%	14.45%

Frequently Asked Questions

Can I hold both BABX and BRKW in my portfolio?

BABX and BRKW have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BABX or BRKW?

BABX has higher volatility (26.72%) compared to BRKW (5.34%). In terms of maximum drawdown, BABX dropped -78.83% vs BRKW's -12.64%.

Which ETF is better, BABX or BRKW?

On 1-year performance, BRKW leads with -0.13% vs -16.91% for BABX. On fees, BRKW is cheaper at 0.99% per year. On volatility, BRKW has been the lower-risk option at 5.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BABX or BRKW?

Over the 1-year period, BRKW has performed better with a -0.13% return vs -16.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BABX or BRKW?

BRKW is cheaper with a 0.99% expense ratio, compared with 1.15% for BABX.

Which ETF pays a higher dividend yield, BABX or BRKW?

BRKW has the higher dividend yield at 25.33%, compared with 0.00% for BABX.

What is the main difference between BABX and BRKW?

BABX is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: GraniteShares and Roundhill. Their fees differ too: 1.15% for BABX and 0.99% for BRKW.

Which has better risk-adjusted returns?

BRKW currently has the higher Sharpe Ratio (-0.01 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.