BABX vs. XIACY
BABX (GraniteShares 2x Long BABA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while XIACY (Xiaomi Corporation) is a stock. Over the past 3 years, BABX returned -1.49%/yr vs 31.92%/yr for XIACY. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
BABX vs. XIACY - 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 XIACY's -29.46% 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%
XIACY
- 1D
- -3.00%
- 1M
- 23.06%
- 6M
- -20.88%
- YTD
- -29.46%
- 1Y
- -47.11%
- 3Y*
- 31.92%
- 5Y*
- 0.68%
- 10Y*
- —
- ALL TIME*
- -0.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.82M | $17.86M | $21.53M | |
XIACY Xiaomi Corporation | $7.13M | $6.60M | $6.61M |
BABX vs. XIACY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -34.41% | 123.85% | 1.23% | -33.89% | -9.68% |
XIACY Xiaomi Corporation | -29.46% | 15.23% | 118.16% | 45.75% | -3.98% |
Correlation
The correlation between BABX and XIACY is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.53 |
The correlation between BABX and XIACY has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.
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Return for Risk
BABX vs. XIACY — Risk / Return Rank
BABX
XIACY
BABX vs. XIACY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BABA Daily ETF (BABX) and Xiaomi Corporation (XIACY). 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 | XIACY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.80 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.74 | +0.63 |
| Martin ratioReturn relative to average drawdown | -0.19 | -1.21 | +1.02 |
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Drawdowns
BABX vs. XIACY - Drawdown Comparison
The maximum BABX drawdown since its inception was -78.83%, which is greater than XIACY's maximum drawdown of -71.03%. Use the drawdown chart below to compare losses from any high point for BABX and XIACY.
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Drawdown Indicators
| BABX | XIACY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.83% | -71.03% | -7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -78.83% | -63.59% | -15.24% |
Max Drawdown (3Y)Largest decline over 3 years | -78.83% | -64.97% | -13.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.12% | — |
Current DrawdownCurrent decline from peak | -62.98% | -54.99% | -7.99% |
Average DrawdownAverage peak-to-trough decline | -46.39% | -39.82% | -6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.06% | 39.00% | +7.06% |
Volatility
BABX vs. XIACY - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 27.52% compared to Xiaomi Corporation (XIACY) at 17.48%. This indicates that BABX's price experiences larger fluctuations and is considered to be riskier than XIACY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BABX | XIACY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.52% | 17.48% | +10.04% |
Volatility (6M)Calculated over the trailing 6-month period | 58.46% | 30.89% | +27.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.46% | 41.30% | +49.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.45% | 46.87% | +36.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.45% | 46.71% | +36.74% |
Dividends
BABX vs. XIACY - Dividend Comparison
Neither BABX nor XIACY has paid dividends to shareholders.
Frequently Asked Questions
BABX and XIACY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABX has higher volatility (27.52%) compared to XIACY (17.48%). In terms of maximum drawdown, BABX dropped -78.83% vs XIACY's -71.03%.
BABX currently has the higher Sharpe Ratio (-0.10 vs -1.15), 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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