BABX vs. QTJL

Last updated Aug 4, 2026

BABX (GraniteShares 2x Long BABA Daily ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. Over the past 3 years, BABX returned -1.49%/yr vs 17.40%/yr for QTJL. Their 0.33 correlation means their historical movements had little consistent relationship. BABX charges 1.15%/yr vs 0.79%/yr for QTJL.

Performance

BABX vs. QTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long BABA Daily ETF (BABX) and Innovator Growth Accelerated Plus ETF - July (QTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BABX achieves a -34.41% return, which is significantly lower than QTJL's 4.03% 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%

QTJL

• 1D: 1.43%
• 1M: -0.57%
• 6M: 2.72%
• YTD: 4.03%
• 1Y: 13.57%
• 3Y*: 17.40%
• 5Y*: 9.12%
• 10Y*: —
• ALL TIME*: 9.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BABX GraniteShares 2x Long BABA Daily ETF	$10.82M	$17.86M	$21.53M
QTJL Innovator Growth Accelerated Plus ETF - July	$205.17K	$322.53K	$250.53K

BABX vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BABX GraniteShares 2x Long BABA Daily ETF	-34.41%	123.85%	1.23%	-33.89%	-9.68%
QTJL Innovator Growth Accelerated Plus ETF - July	4.03%	21.07%	16.50%	42.39%	-5.67%

Correlation

The correlation between BABX and QTJL is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.33
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022	0.33

Return for Risk

BABX vs. QTJL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BABX

BABX Risk / Return Rank: 12
BABX Sharpe Ratio Rank: 9
BABX Sortino Ratio Rank: 17
BABX Omega Ratio Rank: 16
BABX Calmar Ratio Rank: 9
BABX Martin Ratio Rank: 9

QTJL

QTJL Risk / Return Rank: 49
QTJL Sharpe Ratio Rank: 45
QTJL Sortino Ratio Rank: 45
QTJL Omega Ratio Rank: 50
QTJL Calmar Ratio Rank: 43
QTJL Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BABX vs. QTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	1.16	-1.26
Sortino ratio: Return per unit of downside risk	0.56	1.72	-1.16
Omega ratio: Gain probability vs. loss probability	1.06	1.24	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.11	1.61	-1.72
Martin ratio: Return relative to average drawdown	-0.19	7.83	-8.02

BABX vs. QTJL - Sharpe Ratio Comparison

The current BABX Sharpe Ratio is -0.10, which is lower than the QTJL Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of BABX and QTJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BABX vs. QTJL - Drawdown Comparison

The maximum BABX drawdown since its inception was -78.83%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for BABX and QTJL.

Drawdown Indicators

	BABX	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	-78.83%	-33.40%	-45.43%
Max Drawdown (1Y) Largest decline over 1 year	-78.83%	-8.48%	-70.35%
Max Drawdown (3Y) Largest decline over 3 years	-78.83%	-22.43%	-56.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.40%	—
Current Drawdown Current decline from peak	-62.98%	-3.26%	-59.72%
Average Drawdown Average peak-to-trough decline	-46.39%	-7.74%	-38.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.06%	1.74%	+44.32%

Volatility

BABX vs. QTJL - Volatility Comparison

GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 27.52% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 6.50%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BABX	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.52%	6.50%	+21.02%
Volatility (6M) Calculated over the trailing 6-month period	58.46%	9.72%	+48.74%
Volatility (1Y) Calculated over the trailing 1-year period	90.46%	11.73%	+78.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.45%	20.45%	+63.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.45%	20.30%	+63.15%

BABX vs. QTJL - Expense Ratio Comparison

BABX has a 1.15% expense ratio, which is higher than QTJL's 0.79% expense ratio.

Dividends

BABX vs. QTJL - Dividend Comparison

Neither BABX nor QTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BABX and QTJL in my portfolio?

BABX and QTJL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BABX or QTJL?

BABX has higher volatility (27.52%) compared to QTJL (6.50%). In terms of maximum drawdown, BABX dropped -78.83% vs QTJL's -33.40%.

Which ETF is better, BABX or QTJL?

On 3-year performance, QTJL leads with 17.40% vs -1.49% for BABX. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BABX or QTJL?

Over the 3-year period, QTJL has performed better with a 17.40% return vs -1.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BABX or QTJL?

QTJL is cheaper with a 0.79% expense ratio, compared with 1.15% for BABX.

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

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

What is the main difference between BABX and QTJL?

They also come from different issuers: GraniteShares and Innovator. Their fees differ too: 1.15% for BABX and 0.79% for QTJL.

Which has better risk-adjusted returns?

QTJL currently has the higher Sharpe Ratio (1.16 vs -0.10), 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.