BABX vs. IBIT
BABX (GraniteShares 2x Long BABA Daily ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - BABX is a Leveraged Equities fund actively managed by GraniteShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. BABX is actively managed, while IBIT is passively managed. Over the past year, BABX returned -12.32% vs -39.60% for IBIT. At a 0.26 correlation, their price movements are largely independent. BABX charges 1.15%/yr vs 0.25%/yr for IBIT.
Performance
BABX vs. IBIT - 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 IBIT's -27.45% return.
BABX
- 1D
- -2.02%
- 1M
- -11.70%
- YTD
- -34.02%
- 6M
- -43.39%
- 1Y
- -12.32%
- 3Y*
- 5.92%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BABX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -34.02% | 123.85% | 14.84% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between BABX and IBIT is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.26 |
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Return for Risk
BABX vs. IBIT — Risk / Return Rank
BABX
IBIT
BABX vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.86 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | -0.80 | +0.61 |
| Martin ratioReturn relative to average drawdown | -0.34 | -1.39 | +1.05 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | -0.91 | +0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.27 | -0.30 |
Drawdowns
BABX vs. IBIT - Drawdown Comparison
The maximum BABX drawdown since its inception was -70.62%, which is greater than IBIT's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for BABX and IBIT.
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Drawdown Indicators
| BABX | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.62% | -49.47% | -21.15% |
Max Drawdown (1Y)Largest decline over 1 year | -64.86% | -49.47% | -15.39% |
Max Drawdown (3Y)Largest decline over 3 years | -64.86% | — | — |
Current DrawdownCurrent decline from peak | -62.76% | -49.47% | -13.29% |
Average DrawdownAverage peak-to-trough decline | -45.26% | -16.07% | -29.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.51% | 28.61% | +7.90% |
Volatility
BABX vs. IBIT - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 29.33% compared to iShares Bitcoin Trust ETF (IBIT) at 9.14%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BABX | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.33% | 9.14% | +20.19% |
Volatility (6M)Calculated over the trailing 6-month period | 57.66% | 33.89% | +23.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.54% | 43.76% | +43.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.08% | 50.18% | +32.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.08% | 50.18% | +32.90% |
BABX vs. IBIT - Expense Ratio Comparison
BABX has a 1.15% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BABX vs. IBIT - Dividend Comparison
Neither BABX nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
BABX and IBIT have a correlation of 0.33, 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 IBIT (9.14%). In terms of maximum drawdown, BABX dropped -70.62% vs IBIT's -49.47%.
On 1-year performance, BABX leads with -12.32% vs -39.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 9.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BABX has performed better with a -12.32% return vs -39.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 1.15% for BABX.
BABX and IBIT have nearly identical dividend yields, around 0.00%.
BABX is categorized as Leveraged Equities, while IBIT is Cryptocurrency. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.15% for BABX and 0.25% for IBIT.
BABX currently has the higher Sharpe Ratio (-0.14 vs -0.91), 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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