BABX: GraniteShares 2x Long BABA Daily ETF
Performance
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Summary
BABX at a glance
BABX returned -68.09% over the past year. Its worst drop in that year was -74.11%, smaller than 7% of ETFs on Redstone, and its Sharpe ratio of -1.04 beats 3% of ETFs on Redstone. It pays no dividends.
Current Drawdown
-70.28%
Rolling Volatility
67.53%
Metrics
Risk Indicators
Profile
About BABX
The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the ADR of Alibaba Group Holding Limited (NYSE: BABA). The Fund is an actively managed exchange-traded fund that attempts to replicate 2 times (200%) the daily percentage change of the Underlying Stock by entering into financial instruments such as swaps and options on the Underlying Stock as well as directly purchasing the Underlying Stock.
From its prospectus, filed Oct 28, 2026- Category
- Leveraged
- Expense ratio
- 1.09%
- Tracks
- 2× BABA daily
- Fund size
- $105M
- Inception
- Dec 2022
Comparisons