Data as of .
BABU vs BABX: which held to its multiple?
Over the days both have traded, BABU finished 0.1 points from its stated multiple and BABX 0.1.
ETFIQ Decay Resistance Score: BABX scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| BABU | BABX | BABU | BABX | BABU | BABX | |
| 1 month | −25.5% | −25.5% | −25.4% | −25.4% | −0.1 pts | −0.1 pts |
| 3 months | −12.7% | −12.3% | −6.2% | −6.2% | −6.4 pts | −6.1 pts |
| 6 months | −42.9% | −41.9% | −36.8% | −36.8% | −6.0 pts | −5.1 pts |
| 1 year | not published | −61.3% | not published | −58.1% | not published | −3.2 pts |
| 3 years | not published | −17.9% | not published | +63.3% | not published | −81.2 pts |
| Since launch | −62.0% | −34.8% | −65.7% | +54.3% | +3.8 pts | −89.1 pts |
| BABU Direxion Daily BABA Bull 2X ETF Aims to return twice the daily move of BABA | BABX GraniteShares 2x Long BABA Daily ETF Aims to return twice the daily move of BABA | |
|---|---|---|
| Issuer | Direxion | GraniteShares |
| Sets out to return | +2x | +2x |
| On | BABA | BABA |
| Segment | company | company |
| Fund returned, 3 months | −12.7% | −12.3% |
| Underlying returned, 3 months | −3.1% | −3.1% |
| What the stated multiple implies, 3 months | −6.2% | −6.2% |
| Difference from stated, 3 months | −6.4 pts | −6.1 pts |
| Fund returned, 1 year or since launch | −62.0% | −61.3% |
| Difference from stated, over that window | +3.8 pts | −3.2 pts |
| Underlying volatility | 44% | 44% |
| Difference over the days both have traded | −0.1 pts | −0.1 pts |
| Expense ratio | 0.97% | 1.15% |
| Launched | Feb 11, 2026 | Dec 13, 2022 |
BABU in plain words
Three months to Sep 11, 2026: BABU returned −12.7% where its own daily promise gave −10.4%, 2.3 points short. Read the multiple against the whole window instead and +2 times BABA's −3.1% implies −6.2%, which makes BABU look 6.4 points short. 4.1 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. BABU aims to return +2 times BABA's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. BABA moved at 44% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
BABX in plain words
Three months to Sep 11, 2026: BABX returned −12.3% where its own daily promise gave −10.4%, 2.0 points short. Read the multiple against the whole window instead and +2 times BABA's −3.1% implies −6.2%, which makes BABX look 6.1 points short. BABX aims to return +2 times BABA's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, BABU or BABX?
- Over the window to Sep 11, 2026, BABU finished 6.4 points from what its multiple implies and BABX finished 6.1 points from its own, so BABX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are BABU and BABX levered on the same thing?
- Yes. Both are levered on BABA, BABU at +2 times and BABX at +2 times the daily move.
- Which one decays faster, BABU or BABX?
- Decay follows how much the underlying moves about. Over this window BABU’s moved at 44% annualized and BABX’s at 44%, so BABU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold BABU or BABX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, BABU or BABX?
- BABU charges 0.97% a year and BABX charges 1.15%, so BABU is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BABU against BABX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/BABU-BABX Free to use with attribution; the underlying files are at Open data.