BABX vs. TSLR
Compare and contrast key facts about GraniteShares 2x Long BABA Daily ETF (BABX) and GraniteShares 2x Long TSLA Daily ETF (TSLR).
BABX and TSLR 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. TSLR is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BABX or TSLR.
Key characteristics
| BABX | TSLR | |
|---|---|---|
| YTD Return | 31.59% | 34.75% |
| 1Y Return | 16.99% | 69.49% |
| Sharpe Ratio | 0.23 | 0.63 |
| Sortino Ratio | 0.88 | 1.75 |
| Omega Ratio | 1.11 | 1.21 |
| Calmar Ratio | 0.24 | 0.99 |
| Martin Ratio | 0.69 | 1.71 |
| Ulcer Index | 24.45% | 44.55% |
| Daily Std Dev | 74.21% | 121.22% |
| Max Drawdown | -70.62% | -76.58% |
| Current Drawdown | -48.88% | 0.00% |
Correlation
The correlation between BABX and TSLR is 0.29, 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. TSLR - Performance Comparison
In the year-to-date period, BABX achieves a 31.59% return, which is significantly lower than TSLR's 34.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BABX vs. TSLR - Expense Ratio Comparison
BABX has a 1.15% expense ratio, which is lower than TSLR's 1.50% expense ratio.
Risk-Adjusted Performance
BABX vs. TSLR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and GraniteShares 2x Long TSLA Daily ETF (TSLR). 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.
Dividends
BABX vs. TSLR - Dividend Comparison
Neither BABX nor TSLR has paid dividends to shareholders.
Drawdowns
BABX vs. TSLR - Drawdown Comparison
The maximum BABX drawdown since its inception was -70.62%, smaller than the maximum TSLR drawdown of -76.58%. Use the drawdown chart below to compare losses from any high point for BABX and TSLR. For additional features, visit the drawdowns tool.
Volatility
BABX vs. TSLR - Volatility Comparison
The current volatility for GraniteShares 2x Long BABA Daily ETF (BABX) is 22.57%, while GraniteShares 2x Long TSLA Daily ETF (TSLR) has a volatility of 49.84%. This indicates that BABX experiences smaller price fluctuations and is considered to be less risky than TSLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.