BEX vs. BABU

Last updated Jun 4, 2026

BEX (Tradr 2X Long BE Daily ETF) and BABU (Direxion Daily BABA Bull 2X ETF) are both Leveraged Equities funds. BEX is actively managed, while BABU is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. BEX charges 1.30%/yr vs 0.97%/yr for BABU.

Performance

BEX vs. BABU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long BE Daily ETF (BEX) and Direxion Daily BABA Bull 2X ETF (BABU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BEX

• 1D: -10.37%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BABU

• 1D: -5.41%
• 1M: -11.25%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEX vs. BABU - Yearly Performance Comparison

	2026 (YTD)
BEX Tradr 2X Long BE Daily ETF	-11.47%
BABU Direxion Daily BABA Bull 2X ETF	-3.72%

Correlation

The correlation between BEX and BABU is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.60

Return for Risk

BEX vs. BABU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long BE Daily ETF (BEX) and Direxion Daily BABA Bull 2X ETF (BABU). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BEX	BABU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	-1.05	+0.46

Drawdowns

BEX vs. BABU - Drawdown Comparison

The maximum BEX drawdown since its inception was -18.65%, smaller than the maximum BABU drawdown of -49.17%. Use the drawdown chart below to compare losses from any high point for BEX and BABU.

Drawdown Indicators

	BEX	BABU	Difference
Max Drawdown Largest peak-to-trough decline	-18.65%	-49.17%	+30.52%
Current Drawdown Current decline from peak	-11.47%	-44.84%	+33.37%
Average Drawdown Average peak-to-trough decline	-9.41%	-35.05%	+25.64%

Volatility

Volatility by Period

	BEX	BABU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	184.67%	82.22%	+102.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	184.67%	82.22%	+102.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.67%	82.22%	+102.45%

BEX vs. BABU - Expense Ratio Comparison

BEX has a 1.30% expense ratio, which is higher than BABU's 0.97% expense ratio.

Dividends

BEX vs. BABU - Dividend Comparison

BEX has not paid dividends to shareholders, while BABU's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM
BABU Direxion Daily BABA Bull 2X ETF	0.36%
BEX Tradr 2X Long BE Daily ETF	0.00%

Frequently Asked Questions

Can I hold both BEX and BABU in my portfolio?

BEX and BABU have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEX or BABU?

On fees, BABU is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEX or BABU?

BABU is cheaper with a 0.97% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, BEX or BABU?

BABU has the higher dividend yield at 0.36%, compared with 0.00% for BEX.

What is the main difference between BEX and BABU?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for BEX and 0.97% for BABU.