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 -7.54%/yr vs 32.12%/yr for XIACY. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
BABX vs. XIACY - Performance Comparison
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Returns By Period
In the year-to-date period, BABX achieves a -55.91% return, which is significantly lower than XIACY's -42.24% return.
BABX
- 1D
- -4.45%
- 1M
- -37.51%
- YTD
- -55.91%
- 6M
- -58.68%
- 1Y
- -36.03%
- 3Y*
- -7.54%
- 5Y*
- —
- 10Y*
- —
XIACY
- 1D
- -3.32%
- 1M
- -23.54%
- YTD
- -42.24%
- 6M
- -42.10%
- 1Y
- -58.43%
- 3Y*
- 32.12%
- 5Y*
- -3.81%
- 10Y*
- —
BABX vs. XIACY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BABX GraniteShares 2x Long BABA Daily ETF | -55.91% | 123.85% | 1.23% | -33.89% | -9.68% |
XIACY Xiaomi Corporation | -42.24% | 15.23% | 118.16% | 45.75% | -3.98% |
Correlation
The correlation between BABX and XIACY is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.54 |
The correlation between BABX and XIACY has been stable across timeframes, ranging from 0.51 to 0.54 - 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 | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.72 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.93 | +0.45 |
| Martin ratioReturn relative to average drawdown | -0.91 | -1.61 | +0.70 |
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Drawdowns
BABX vs. XIACY - Drawdown Comparison
The maximum BABX drawdown since its inception was -75.11%, 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 | -75.11% | -71.03% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -75.11% | -63.15% | -11.96% |
Max Drawdown (3Y)Largest decline over 3 years | -75.11% | -63.15% | -11.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -70.06% | — |
Current DrawdownCurrent decline from peak | -75.11% | -63.15% | -11.96% |
Average DrawdownAverage peak-to-trough decline | -45.58% | -39.41% | -6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.45% | 36.29% | +3.16% |
Volatility
BABX vs. XIACY - Volatility Comparison
GraniteShares 2x Long BABA Daily ETF (BABX) has a higher volatility of 15.89% compared to Xiaomi Corporation (XIACY) at 10.89%. 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 | 15.89% | 10.89% | +5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 58.39% | 27.41% | +30.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.73% | 39.16% | +48.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.85% | 46.50% | +36.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 46.48% | +36.37% |
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 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABX has higher volatility (15.89%) compared to XIACY (10.89%). In terms of maximum drawdown, BABX dropped -75.11% vs XIACY's -71.03%.
BABX currently has the higher Sharpe Ratio (-0.41 vs -1.50), 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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