BABX vs. SHNY
Compare and contrast key facts about GraniteShares 2x Long BABA Daily ETF (BABX) and MicroSectors Gold 3X Leveraged ETN (SHNY).
BABX and SHNY 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. SHNY is managed by BMO. It was launched on Feb 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BABX or SHNY.
Correlation
The correlation between BABX and SHNY is 0.07, 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. SHNY - Performance Comparison
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Key characteristics
BABX:
0.95
SHNY:
1.78
BABX:
1.97
SHNY:
2.21
BABX:
1.25
SHNY:
1.28
BABX:
1.64
SHNY:
3.86
BABX:
3.62
SHNY:
8.61
BABX:
30.82%
SHNY:
10.62%
BABX:
93.42%
SHNY:
52.99%
BABX:
-70.62%
SHNY:
-37.84%
BABX:
-25.41%
SHNY:
-16.97%
Returns By Period
In the year-to-date period, BABX achieves a 107.52% return, which is significantly higher than SHNY's 67.70% return.
BABX
107.52%
45.70%
72.84%
87.49%
N/A
N/A
SHNY
67.70%
-2.89%
65.39%
93.39%
N/A
N/A
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BABX vs. SHNY - Expense Ratio Comparison
BABX has a 1.15% expense ratio, which is higher than SHNY's 0.95% expense ratio.
Risk-Adjusted Performance
BABX vs. SHNY — Risk-Adjusted Performance Rank
BABX
SHNY
BABX vs. SHNY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and MicroSectors Gold 3X Leveraged ETN (SHNY). 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.
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Dividends
BABX vs. SHNY - Dividend Comparison
Neither BABX nor SHNY has paid dividends to shareholders.
Drawdowns
BABX vs. SHNY - Drawdown Comparison
The maximum BABX drawdown since its inception was -70.62%, which is greater than SHNY's maximum drawdown of -37.84%. Use the drawdown chart below to compare losses from any high point for BABX and SHNY. For additional features, visit the drawdowns tool.
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Volatility
BABX vs. SHNY - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) and MicroSectors Gold 3X Leveraged ETN (SHNY) have volatilities of 25.24% and 25.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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