BABX vs. NVDL
Compare and contrast key facts about GraniteShares 2x Long BABA Daily ETF (BABX) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
BABX and NVDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BABX is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BABX or NVDL.
Correlation
The correlation between BABX and NVDL is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BABX vs. NVDL - Performance Comparison
Key characteristics
BABX:
0.96
NVDL:
-0.17
BABX:
1.78
NVDL:
0.60
BABX:
1.22
NVDL:
1.07
BABX:
1.26
NVDL:
-0.30
BABX:
3.02
NVDL:
-0.69
BABX:
29.42%
NVDL:
29.76%
BABX:
92.59%
NVDL:
120.64%
BABX:
-70.62%
NVDL:
-67.55%
BABX:
-48.18%
NVDL:
-64.11%
Returns By Period
In the year-to-date period, BABX achieves a 44.16% return, which is significantly higher than NVDL's -53.91% return.
BABX
44.16%
-44.53%
-0.39%
92.93%
N/A
N/A
NVDL
-53.91%
-28.30%
-57.98%
-13.73%
N/A
N/A
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BABX vs. NVDL - Expense Ratio Comparison
Both BABX and NVDL have an expense ratio of 1.15%.
Risk-Adjusted Performance
BABX vs. NVDL — Risk-Adjusted Performance Rank
BABX
NVDL
BABX vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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.
Dividends
BABX vs. NVDL - Dividend Comparison
Neither BABX nor NVDL has paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | 0.00% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% |
Drawdowns
BABX vs. NVDL - Drawdown Comparison
The maximum BABX drawdown since its inception was -70.62%, roughly equal to the maximum NVDL drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for BABX and NVDL. For additional features, visit the drawdowns tool.
Volatility
BABX vs. NVDL - Volatility Comparison
The current volatility for GraniteShares 2x Long BABA Daily ETF (BABX) is 39.66%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 47.23%. This indicates that BABX experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.