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 -12.74%/yr vs 4.88%/yr for STPZ. At a 0.01 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 -62.26% return, which is significantly lower than STPZ's 1.22% return.
BABX
- 1D
- -9.39%
- 1M
- -46.14%
- YTD
- -62.26%
- 6M
- -64.11%
- 1Y
- -46.50%
- 3Y*
- -12.74%
- 5Y*
- —
- 10Y*
- —
STPZ
- 1D
- 0.16%
- 1M
- -0.27%
- YTD
- 1.22%
- 6M
- 1.35%
- 1Y
- 3.42%
- 3Y*
- 4.88%
- 5Y*
- 2.85%
- 10Y*
- 2.79%
BABX vs. STPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -62.26% | 123.85% | 1.23% | -33.89% | -9.68% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.22% | 6.40% | 4.30% | 4.28% | -0.18% |
Correlation
The correlation between BABX and STPZ is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.01 |
The correlation between BABX and STPZ shifts across timeframes, from -0.12 (1 year) to 0.01 (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.
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 | STPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.34 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 3.69 | -4.28 |
| Martin ratioReturn relative to average drawdown | -1.16 | 11.04 | -12.21 |
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Drawdowns
BABX vs. STPZ - Drawdown Comparison
The maximum BABX drawdown since its inception was -78.70%, 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 | -78.70% | -6.77% | -71.93% |
Max Drawdown (1Y)Largest decline over 1 year | -78.70% | -0.93% | -77.77% |
Max Drawdown (3Y)Largest decline over 3 years | -78.70% | -1.35% | -77.35% |
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 | -78.70% | -0.67% | -78.03% |
Average DrawdownAverage peak-to-trough decline | -45.65% | -1.30% | -44.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.00% | 0.31% | +39.69% |
Volatility
BABX vs. STPZ - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 17.69% compared to PIMCO 1-5 Year US TIPS Index ETF (STPZ) at 0.83%. 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 | 17.69% | 0.83% | +16.86% |
Volatility (6M)Calculated over the trailing 6-month period | 59.13% | 1.40% | +57.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.11% | 1.95% | +86.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.97% | 3.29% | +79.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.97% | 2.99% | +79.98% |
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 4.13%.
| 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 | 4.13% | 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 -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABX has higher volatility (17.69%) compared to STPZ (0.83%). In terms of maximum drawdown, BABX dropped -78.70% vs STPZ's -6.77%.
On 3-year performance, STPZ leads with 4.88% vs -12.74% for BABX. On fees, STPZ is cheaper at 0.20% per year. On volatility, STPZ has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, STPZ has performed better with a 4.88% return vs -12.74%. 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 4.13%, 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 (1.76 vs -0.53), 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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