BABX vs. SMCY

Last updated Aug 4, 2026

BABX (GraniteShares 2x Long BABA Daily ETF) and SMCY (YieldMax SMCI Option Income Strategy ETF) are both exchange-traded funds - BABX is a Leveraged Equities fund actively managed by GraniteShares, while SMCY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, BABX returned -8.73% vs -48.28% for SMCY. Their 0.25 correlation means their historical movements had little consistent relationship. BABX charges 1.15%/yr vs 1.01%/yr for SMCY.

Performance

BABX vs. SMCY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long BABA Daily ETF (BABX) and YieldMax SMCI Option Income Strategy ETF (SMCY). 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 SMCY's -9.63% 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%

SMCY

• 1D: 0.89%
• 1M: 4.02%
• 6M: -10.60%
• YTD: -9.63%
• 1Y: -48.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -30.03%

*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
SMCY YieldMax SMCI Option Income Strategy ETF	$4.26M	$3.51M	$6.20M

BABX vs. SMCY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BABX GraniteShares 2x Long BABA Daily ETF	-34.41%	123.85%	-7.68%
SMCY YieldMax SMCI Option Income Strategy ETF	-9.63%	-15.41%	-33.36%

Correlation

The correlation between BABX and SMCY is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	0.25

Return for Risk

BABX vs. SMCY — 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

SMCY

SMCY Risk / Return Rank: 4
SMCY Sharpe Ratio Rank: 4
SMCY Sortino Ratio Rank: 5
SMCY Omega Ratio Rank: 4
SMCY Calmar Ratio Rank: 3
SMCY Martin Ratio Rank: 3

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. SMCY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and YieldMax SMCI Option Income Strategy ETF (SMCY). 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	SMCY	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	-0.64	+0.55
Sortino ratio: Return per unit of downside risk	0.56	-0.61	+1.17
Omega ratio: Gain probability vs. loss probability	1.06	0.91	+0.15
Calmar ratio: Return relative to maximum drawdown	-0.11	-0.82	+0.71
Martin ratio: Return relative to average drawdown	-0.19	-1.26	+1.07

BABX vs. SMCY - Sharpe Ratio Comparison

The current BABX Sharpe Ratio is -0.10, which is higher than the SMCY Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of BABX and SMCY, 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. SMCY - Drawdown Comparison

The maximum BABX drawdown since its inception was -78.83%, which is greater than SMCY's maximum drawdown of -64.75%. Use the drawdown chart below to compare losses from any high point for BABX and SMCY.

Drawdown Indicators

	BABX	SMCY	Difference
Max Drawdown Largest peak-to-trough decline	-78.83%	-64.75%	-14.08%
Max Drawdown (1Y) Largest decline over 1 year	-78.83%	-59.21%	-19.62%
Max Drawdown (3Y) Largest decline over 3 years	-78.83%	—	—
Current Drawdown Current decline from peak	-62.98%	-56.43%	-6.55%
Average Drawdown Average peak-to-trough decline	-46.39%	-38.43%	-7.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.06%	38.45%	+7.61%

Volatility

BABX vs. SMCY - Volatility Comparison

GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 27.52% compared to YieldMax SMCI Option Income Strategy ETF (SMCY) at 23.33%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier than SMCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BABX	SMCY	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.52%	23.33%	+4.19%
Volatility (6M) Calculated over the trailing 6-month period	58.46%	70.61%	-12.15%
Volatility (1Y) Calculated over the trailing 1-year period	90.46%	75.33%	+15.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.45%	80.44%	+3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.45%	80.44%	+3.01%

BABX vs. SMCY - Expense Ratio Comparison

BABX has a 1.15% expense ratio, which is higher than SMCY's 1.01% expense ratio.

Dividends

BABX vs. SMCY - Dividend Comparison

BABX has not paid dividends to shareholders, while SMCY's dividend yield for the trailing twelve months is around 178.46%.

Position	TTM	2025	2024
BABX GraniteShares 2x Long BABA Daily ETF	0.00%	0.00%	0.00%
SMCY YieldMax SMCI Option Income Strategy ETF	178.46%	231.43%	38.43%

Frequently Asked Questions

Can I hold both BABX and SMCY in my portfolio?

BABX and SMCY have a correlation of 0.25, 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 SMCY?

BABX has higher volatility (27.52%) compared to SMCY (23.33%). In terms of maximum drawdown, BABX dropped -78.83% vs SMCY's -64.75%.

Which ETF is better, BABX or SMCY?

On 1-year performance, BABX leads with -8.73% vs -48.28% for SMCY. On fees, SMCY is cheaper at 1.01% per year. On volatility, SMCY has been the lower-risk option at 23.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BABX or SMCY?

Over the 1-year period, BABX has performed better with a -8.73% return vs -48.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BABX or SMCY?

SMCY is cheaper with a 1.01% expense ratio, compared with 1.15% for BABX.

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

SMCY has the higher dividend yield at 178.46%, compared with 0.00% for BABX.

What is the main difference between BABX and SMCY?

BABX is categorized as Leveraged Equities, while SMCY is Derivative Income. They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.15% for BABX and 1.01% for SMCY.

Which has better risk-adjusted returns?

BABX currently has the higher Sharpe Ratio (-0.10 vs -0.64), 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.