BABX vs. IBIE
BABX (GraniteShares 2x Long BABA Daily ETF) and IBIE (iShares iBonds Oct 2028 Term TIPS ETF) are both exchange-traded funds - BABX is a Leveraged Equities fund actively managed by GraniteShares, while IBIE is a Inflation-Protected Bonds fund tracking the ICE 2028 Maturity US Inflation-Linked Treasury Index. BABX is actively managed, while IBIE is passively managed. Over the past year, BABX returned -12.32% vs 4.68% for IBIE. At a correlation of -0.01, they often move in opposite directions. BABX charges 1.15%/yr vs 0.10%/yr for IBIE.
Performance
BABX vs. IBIE - Performance Comparison
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Returns By Period
In the year-to-date period, BABX achieves a -34.02% return, which is significantly lower than IBIE's 2.09% return.
BABX
- 1D
- -2.02%
- 1M
- -11.70%
- YTD
- -34.02%
- 6M
- -43.39%
- 1Y
- -12.32%
- 3Y*
- 5.92%
- 5Y*
- —
- 10Y*
- —
IBIE
- 1D
- -0.02%
- 1M
- 0.30%
- YTD
- 2.09%
- 6M
- 2.10%
- 1Y
- 4.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BABX vs. IBIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -34.02% | 123.85% | 1.23% | -20.63% |
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 2.09% | 6.46% | 3.95% | 2.93% |
Correlation
The correlation between BABX and IBIE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | -0.01 |
The correlation between BABX and IBIE shifts across timeframes, from -0.14 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BABX vs. IBIE — Risk / Return Rank
BABX
IBIE
BABX vs. IBIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and iShares iBonds Oct 2028 Term TIPS ETF (IBIE). 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 | IBIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.16 | ||
| Sortino ratioReturn per unit of downside risk | -5.01 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.67 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 8.51 | -8.70 |
| Martin ratioReturn relative to average drawdown | -0.34 | 25.61 | -25.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BABX | IBIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 3.02 | -3.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 2.01 | -2.04 |
Drawdowns
BABX vs. IBIE - Drawdown Comparison
The maximum BABX drawdown since its inception was -70.62%, which is greater than IBIE's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for BABX and IBIE.
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Drawdown Indicators
| BABX | IBIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.62% | -1.70% | -68.92% |
Max Drawdown (1Y)Largest decline over 1 year | -64.86% | -0.55% | -64.31% |
Max Drawdown (3Y)Largest decline over 3 years | -64.86% | — | — |
Current DrawdownCurrent decline from peak | -62.76% | -0.02% | -62.74% |
Average DrawdownAverage peak-to-trough decline | -45.26% | -0.39% | -44.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.51% | 0.19% | +36.32% |
Volatility
BABX vs. IBIE - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 29.33% compared to iShares iBonds Oct 2028 Term TIPS ETF (IBIE) at 0.36%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier than IBIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BABX | IBIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.33% | 0.36% | +28.97% |
Volatility (6M)Calculated over the trailing 6-month period | 57.66% | 0.97% | +56.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.54% | 1.56% | +85.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.08% | 2.85% | +80.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.08% | 2.85% | +80.23% |
BABX vs. IBIE - Expense Ratio Comparison
BABX has a 1.15% expense ratio, which is higher than IBIE's 0.10% expense ratio.
Dividends
BABX vs. IBIE - Dividend Comparison
BABX has not paid dividends to shareholders, while IBIE's dividend yield for the trailing twelve months is around 3.25%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 3.25% | 4.09% | 4.23% | 0.75% |
Frequently Asked Questions
BABX and IBIE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABX has higher volatility (29.33%) compared to IBIE (0.36%). In terms of maximum drawdown, BABX dropped -70.62% vs IBIE's -1.70%.
On 1-year performance, IBIE leads with 4.68% vs -12.32% for BABX. On fees, IBIE is cheaper at 0.10% per year. On volatility, IBIE has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIE has performed better with a 4.68% return vs -12.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIE is cheaper with a 0.10% expense ratio, compared with 1.15% for BABX.
IBIE has the higher dividend yield at 3.25%, compared with 0.00% for BABX.
BABX is categorized as Leveraged Equities, while IBIE is Inflation-Protected Bonds. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.15% for BABX and 0.10% for IBIE.
IBIE currently has the higher Sharpe Ratio (3.02 vs -0.14), 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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