BABX vs. TSDD
BABX (GraniteShares 2x Long BABA Daily ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - BABX is a Leveraged Equities fund actively managed by GraniteShares, while TSDD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, BABX returned -8.73% vs -50.55% for TSDD. Their -0.27 correlation means they have often moved in opposite directions in the past. BABX charges 1.15%/yr vs 0.95%/yr for TSDD.
Performance
BABX vs. TSDD - Performance Comparison
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Returns By Period
In the year-to-date period, BABX achieves a -34.41% return, which is significantly lower than TSDD's 37.39% 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%
TSDD
- 1D
- -7.09%
- 1M
- 34.60%
- 6M
- 24.94%
- YTD
- 37.39%
- 1Y
- -50.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -69.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.82M | $17.86M | $21.53M | |
| $152.97M | $157.39M | $198.36M |
BABX vs. TSDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -34.41% | 123.85% | 1.23% | -24.04% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 37.39% | -74.84% | -89.21% | -20.49% |
Correlation
The correlation between BABX and TSDD is -0.36, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -0.27 |
BABX vs. TSDD - Sectors Allocation Comparison
Sectors
BABX
TSDD
Consumer Cyclical
Basic Materials
-
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Consumer Cyclical
BABX
TSDD
Basic Materials
BABX
-
TSDD
-
Communication Services
BABX
-
TSDD
-
Consumer Defensive
BABX
-
TSDD
-
Energy
BABX
-
TSDD
-
Financial Services
BABX
-
TSDD
-
Healthcare
BABX
-
TSDD
-
Industrials
BABX
-
TSDD
-
Real Estate
BABX
-
TSDD
-
Technology
BABX
-
TSDD
-
Utilities
BABX
-
TSDD
-
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Return for Risk
BABX vs. TSDD — Risk / Return Rank
BABX
TSDD
BABX vs. TSDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and GraniteShares 2x Short TSLA Daily ETF (TSDD). 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 | TSDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.95 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.74 | +0.63 |
| Martin ratioReturn relative to average drawdown | -0.19 | -0.93 | +0.74 |
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Drawdowns
BABX vs. TSDD - Drawdown Comparison
The maximum BABX drawdown since its inception was -78.83%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for BABX and TSDD.
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Drawdown Indicators
| BABX | TSDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.83% | -99.03% | +20.20% |
Max Drawdown (1Y)Largest decline over 1 year | -78.83% | -68.22% | -10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -78.83% | — | — |
Current DrawdownCurrent decline from peak | -62.98% | -98.43% | +35.45% |
Average DrawdownAverage peak-to-trough decline | -46.39% | -72.64% | +26.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.06% | 56.18% | -10.12% |
Volatility
BABX vs. TSDD - Volatility Comparison
The current volatility for GraniteShares 2x Long BABA Daily ETF (BABX) is 27.52%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 36.11%. This indicates that BABX experiences smaller price fluctuations and is considered to be less risky than TSDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BABX | TSDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.52% | 36.11% | -8.59% |
Volatility (6M)Calculated over the trailing 6-month period | 58.46% | 67.54% | -9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.46% | 92.83% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.45% | 115.19% | -31.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.45% | 115.19% | -31.74% |
BABX vs. TSDD - Expense Ratio Comparison
BABX has a 1.15% expense ratio, which is higher than TSDD's 0.95% expense ratio.
Dividends
BABX vs. TSDD - Dividend Comparison
BABX has not paid dividends to shareholders, while TSDD's dividend yield for the trailing twelve months is around 6.13%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 6.13% | 8.42% | 0.00% | 24.84% |
Frequently Asked Questions
BABX and TSDD have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSDD has higher volatility (36.11%) compared to BABX (27.52%). In terms of maximum drawdown, BABX dropped -78.83% vs TSDD's -99.03%.
On 1-year performance, BABX leads with -8.73% vs -50.55% for TSDD. On fees, TSDD is cheaper at 0.95% per year. On volatility, BABX has been the lower-risk option at 27.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BABX has performed better with a -8.73% return vs -50.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSDD is cheaper with a 0.95% expense ratio, compared with 1.15% for BABX.
TSDD has the higher dividend yield at 6.13%, compared with 0.00% for BABX.
BABX is categorized as Leveraged Equities, while TSDD is Inverse Equities. Their fees differ too: 1.15% for BABX and 0.95% for TSDD.
BABX currently has the higher Sharpe Ratio (-0.10 vs -0.55), 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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