BABX vs. GEVG

Last updated Jun 24, 2026

BABX (GraniteShares 2x Long BABA Daily ETF) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. BABX charges 1.15%/yr vs 0.75%/yr for GEVG.

Performance

BABX vs. GEVG - Performance Comparison

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

Returns By Period

In the year-to-date period, BABX achieves a -55.91% return, which is significantly lower than GEVG's 112.16% return.

BABX

• 1D: -4.45%
• 1M: -37.51%
• YTD: -55.91%
• 6M: -58.68%
• 1Y: -36.03%
• 3Y*: -7.54%
• 5Y*: —
• 10Y*: —

GEVG

• 1D: -16.17%
• 1M: -5.00%
• YTD: 112.16%
• 6M: 107.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BABX vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
BABX GraniteShares 2x Long BABA Daily ETF	-55.91%	-5.11%
GEVG Leverage Shares 2X Long GEV Daily ETF	112.16%	-11.27%

Correlation

The correlation between BABX and GEVG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.23

Return for Risk

BABX vs. GEVG — Risk / Return Rank

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

BABX

BABX Risk / Return Rank: 6
BABX Sharpe Ratio Rank: 5
BABX Sortino Ratio Rank: 7
BABX Omega Ratio Rank: 7
BABX Calmar Ratio Rank: 5
BABX Martin Ratio Rank: 5

GEVG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GEVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and Leverage Shares 2X Long GEV Daily ETF (GEVG). 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	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	—	—
Sortino ratio: Return per unit of downside risk	-0.14	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.48	—	—
Martin ratio: Return relative to average drawdown	-0.91	—	—

Drawdowns

BABX vs. GEVG - Drawdown Comparison

The maximum BABX drawdown since its inception was -75.11%, which is greater than GEVG's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for BABX and GEVG.

Drawdown Indicators

	BABX	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-75.11%	-45.50%	-29.61%
Max Drawdown (1Y) Largest decline over 1 year	-75.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-75.11%	—	—
Current Drawdown Current decline from peak	-75.11%	-24.03%	-51.08%
Average Drawdown Average peak-to-trough decline	-45.58%	-11.33%	-34.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.45%	—	—

Volatility

Volatility by Period

	BABX	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	58.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	87.73%	101.04%	-13.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.85%	101.04%	-18.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.85%	101.04%	-18.19%

BABX vs. GEVG - Expense Ratio Comparison

BABX has a 1.15% expense ratio, which is higher than GEVG's 0.75% expense ratio.

Dividends

BABX vs. GEVG - Dividend Comparison

Neither BABX nor GEVG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BABX and GEVG in my portfolio?

BABX and GEVG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BABX or GEVG?

On fees, GEVG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BABX or GEVG?

GEVG is cheaper with a 0.75% expense ratio, compared with 1.15% for BABX.

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

BABX and GEVG have nearly identical dividend yields, around 0.00%.

What is the main difference between BABX and GEVG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for BABX and 0.75% for GEVG.