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 -8.73% vs -43.69% for IBIT. Their 0.26 correlation means their historical movements had little consistent relationship. 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 -34.41% return, which is significantly lower than IBIT's -27.17% return.
BABX
- 1D
- 8.14%
- 1M
- 70.32%
- 6M
- -48.73%
- YTD
- -34.41%
- 1Y
- -8.73%
- 3Y*
- -1.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.23%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.82M | $17.86M | $21.53M | |
| $1.33B | $1.34B | $1.65B |
BABX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -34.41% | 123.85% | 17.60% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between BABX and IBIT is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 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.
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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.84 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.82 | +0.71 |
| Martin ratioReturn relative to average drawdown | -0.19 | -1.26 | +1.07 |
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Drawdowns
BABX vs. IBIT - Drawdown Comparison
The maximum BABX drawdown since its inception was -78.83%, which is greater than IBIT's maximum drawdown of -53.30%. 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 | -78.83% | -53.30% | -25.53% |
Max Drawdown (1Y)Largest decline over 1 year | -78.83% | -53.30% | -25.53% |
Max Drawdown (3Y)Largest decline over 3 years | -78.83% | — | — |
Current DrawdownCurrent decline from peak | -62.98% | -49.28% | -13.70% |
Average DrawdownAverage peak-to-trough decline | -46.39% | -18.29% | -28.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.06% | 34.80% | +11.26% |
Volatility
BABX vs. IBIT - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 27.52% compared to iShares Bitcoin Trust ETF (IBIT) at 8.98%. 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 | 27.52% | 8.98% | +18.54% |
Volatility (6M)Calculated over the trailing 6-month period | 58.46% | 33.79% | +24.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.46% | 44.48% | +45.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.45% | 49.57% | +33.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.45% | 49.57% | +33.88% |
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 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABX has higher volatility (27.52%) compared to IBIT (8.98%). In terms of maximum drawdown, BABX dropped -78.83% vs IBIT's -53.30%.
On 1-year performance, BABX leads with -8.73% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 8.98%. 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 -8.73% return vs -43.69%. 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 (-0.10 vs -0.99), 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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