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Launched

GraniteShares 2x Long BABA Daily ETF

BABXNasdaqCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$17.14+0.05 (+0.32%)

At close: Oct 13, 2026, 4:00 PM

C52/ 100

Rank 73 of 380 in Single-Stock Long Leveraged

C52/100Rank 73 of 380inSingle-Stock Long Leveraged
Intraday session: up, 79 prints from 17.09 to 17.14. Range 16.66 to 17.33. Use the arrow keys to read each point.16.7016.8016.9017.3010 AM12 PM2 PM4 PM
Expense ratio
1.20%
Fund size
$122M
1Y total return
−61.5%
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
0.8M sh
NAV per share
$17.10
52W range
low $12.70high $57.61
Launched

The ETF.net BABX Grade

Based on 5 of 6 pillars

C

Score 52 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
73 of 380
Six-pillar profile for BABX. Scores out of 100: Cost 40, Risk 31, Mission 97, Tradability 90, Holdings not scored, Durability 81. Strongest: Mission (97). Weakest: Risk (31). Based on 5 of 6 pillars.

Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C40 out of 100
    Rank 227 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 20 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 278 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A90 out of 100
    Rank 17 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A81 out of 100
    Rank 15 of 380

Our read on BABX

ETF.net Research

CTwo times Alibaba's daily move in a plain ETF wrapper, no margin account needed. An early entrant in the single-stock leverage wave, and it sits in the upper tier of its peer group on how closely it hits that daily target.

Stated mandate

The Fund seeks daily investment results equal to twice the daily percentage change of Alibaba Group Holding Limited’s common stock. It is intended as a short-term leveraged trading vehicle rather than a long-term investment.

Why people hold it

  1. 01Aims for twice Alibaba's daily percentage move, reset each day, inside an ordinary ETF wrapper instead of a margin balance or swap line.graniteshares.com
  2. 02Hits that 2x daily target closely, one of the tighter implementations in the bull single-stock leverage crowd.
  3. 03Listed in 2022, early in the single-stock leverage wave, and it trades actively rather than sitting as a thin ghost ticker.

Worth knowing

  1. 01At 1.20% a year it runs above the typical bull single-stock leveraged fund, and above same-target rival BABU at 0.99%.
  2. 02The 2x is a daily target. Hold longer and compounding takes over, so multi-day results can diverge from twice Alibaba's move. The issuer frames it as a short-term trading tool.graniteshares.com
  3. 03One stock, doubled: Alibaba's China regulatory and ADR news lands at twice the size, and the fund is not built to pay income.

BABX Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
BABA66.7%

Sectors

  • Consumer Discretionary100.0%

Geography

  • China100.00%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BABABaba66.66%2,208,901$245M78
002—US Dollars33.34%122,363,566$122M85

Showing 1–2 of 2 holdings

BABX Performance

Launched Dec 13, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
BABX$3,847
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. BABX $3,847. SPY $12,044. Use the arrow keys to read each point.$2,276$7,840$13,404Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BABX. Periods over one year show the average yearly return.
PeriodBABX
Year to date−52.6%
1 month+0.9%
3 months−8.6%
1 year−61.5%
3 yearsper year−3.1%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BABX
YearReturn barBABX
2026 YTD−52.6%
2025+123.9%
2024+1.2%
2023−33.9%
2022−7.3%

Since listing, Dec 13, 2022

BABX in the news

Filtered to BABX · Single-Stock Long Leveraged

BABX Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

BABX Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
94.8%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.28
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−78.8%
45 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.02
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BABX Cost

Expense ratio1.20%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

227 of the 333 Single-Stock Long Leveraged funds charge less.

BABX costs $120.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

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