BABX vs. STPZ
BABX (GraniteShares 2x Long BABA Daily ETF) and STPZ (PIMCO 1-5 Year US TIPS Index ETF) are both exchange-traded funds - BABX is a Leveraged Equities fund actively managed by GraniteShares, while STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y). BABX is actively managed, while STPZ is passively managed. Over the past 3 years, BABX returned 6.70%/yr vs 5.03%/yr for STPZ. At a 0.00 correlation, their price movements are largely independent. BABX charges 1.15%/yr vs 0.20%/yr for STPZ.
Performance
BABX vs. STPZ - Performance Comparison
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Returns By Period
In the year-to-date period, BABX achieves a -32.66% return, which is significantly lower than STPZ's 1.79% return.
BABX
- 1D
- -5.49%
- 1M
- -11.33%
- YTD
- -32.66%
- 6M
- -42.73%
- 1Y
- -3.46%
- 3Y*
- 6.70%
- 5Y*
- —
- 10Y*
- —
STPZ
- 1D
- -0.00%
- 1M
- -0.09%
- YTD
- 1.79%
- 6M
- 1.77%
- 1Y
- 4.51%
- 3Y*
- 5.03%
- 5Y*
- 2.90%
- 10Y*
- 2.89%
BABX vs. STPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -32.66% | 123.85% | 1.23% | -33.89% | -7.32% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.79% | 6.40% | 4.30% | 4.28% | -0.44% |
Correlation
The correlation between BABX and STPZ is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022 | 0.00 |
The correlation between BABX and STPZ shifts across timeframes, from -0.15 (1 year) to 0.00 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BABX vs. STPZ — Risk / Return Rank
BABX
STPZ
BABX vs. STPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). 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.
| BABX | STPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.49 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 4.87 | -4.92 |
| Martin ratioReturn relative to average drawdown | -0.10 | 16.28 | -16.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BABX | STPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 2.49 | -2.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.90 | -0.93 |
Drawdowns
BABX vs. STPZ - Drawdown Comparison
The maximum BABX drawdown since its inception was -70.62%, which is greater than STPZ's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for BABX and STPZ.
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Drawdown Indicators
| BABX | STPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.62% | -6.77% | -63.85% |
Max Drawdown (1Y)Largest decline over 1 year | -64.86% | -0.93% | -63.93% |
Max Drawdown (3Y)Largest decline over 3 years | -64.86% | -1.35% | -63.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.77% | — |
Current DrawdownCurrent decline from peak | -61.99% | -0.11% | -61.88% |
Average DrawdownAverage peak-to-trough decline | -45.24% | -1.31% | -43.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.29% | 0.28% | +36.01% |
Volatility
BABX vs. STPZ - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 29.31% compared to PIMCO 1-5 Year US TIPS Index ETF (STPZ) at 0.46%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier than STPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BABX | STPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.31% | 0.46% | +28.85% |
Volatility (6M)Calculated over the trailing 6-month period | 57.74% | 1.20% | +56.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.52% | 1.83% | +85.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.12% | 3.29% | +79.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.12% | 2.98% | +80.14% |
BABX vs. STPZ - Expense Ratio Comparison
BABX has a 1.15% expense ratio, which is higher than STPZ's 0.20% expense ratio.
Dividends
BABX vs. STPZ - Dividend Comparison
BABX has not paid dividends to shareholders, while STPZ's dividend yield for the trailing twelve months is around 4.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 4.10% | 3.65% | 1.97% | 1.63% | 5.88% | 3.65% | 1.86% | 1.76% | 2.23% | 1.51% | 0.65% | 0.49% |
Frequently Asked Questions
BABX and STPZ have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABX has higher volatility (29.31%) compared to STPZ (0.46%). In terms of maximum drawdown, BABX dropped -70.62% vs STPZ's -6.77%.
On 3-year performance, BABX leads with 6.70% vs 5.03% for STPZ. On fees, STPZ is cheaper at 0.20% per year. On volatility, STPZ has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BABX has performed better with a 6.70% return vs 5.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STPZ is cheaper with a 0.20% expense ratio, compared with 1.15% for BABX.
STPZ has the higher dividend yield at 4.10%, compared with 0.00% for BABX.
BABX is categorized as Leveraged Equities, while STPZ is Inflation-Protected Bonds. They also come from different issuers: GraniteShares and PIMCO. Their fees differ too: 1.15% for BABX and 0.20% for STPZ.
STPZ currently has the higher Sharpe Ratio (2.49 vs -0.04), 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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