Data as of .
BABX vs KBAB: which held to its multiple?
Over the days both have traded, BABX finished 0.1 points from its stated multiple and KBAB 0.2.
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 | |||
|---|---|---|---|---|---|---|
| BABX | KBAB | BABX | KBAB | BABX | KBAB | |
| 1 month | −25.5% | −25.7% | −25.4% | −25.4% | −0.1 pts | −0.2 pts |
| 3 months | −12.3% | −12.4% | −6.2% | −6.2% | −6.1 pts | −6.2 pts |
| 6 months | −41.9% | −42.4% | −36.8% | −36.8% | −5.1 pts | −5.6 pts |
| 1 year | −61.3% | −62.2% | −58.1% | −58.1% | −3.2 pts | −4.1 pts |
| 3 years | −17.9% | not published | +63.3% | not published | −81.2 pts | not published |
| Since launch | −34.8% | −57.5% | +54.3% | −36.4% | −89.1 pts | −21.1 pts |
| BABX GraniteShares 2x Long BABA Daily ETF Aims to return twice the daily move of BABA | KBAB KraneShares 2x Long BABA Daily ETF Aims to return twice the daily move of BABA | |
|---|---|---|
| Issuer | GraniteShares | KraneShares |
| Sets out to return | +2x | +2x |
| On | BABA | BABA |
| Segment | company | company |
| Fund returned, 3 months | −12.3% | −12.4% |
| Underlying returned, 3 months | −3.1% | −3.1% |
| What the stated multiple implies, 3 months | −6.2% | −6.2% |
| Difference from stated, 3 months | −6.1 pts | −6.2 pts |
| Fund returned, 1 year or since launch | −61.3% | −62.2% |
| Difference from stated, over that window | −3.2 pts | −4.1 pts |
| Underlying volatility | 44% | 44% |
| Difference over the days both have traded | −0.1 pts | −0.2 pts |
| Expense ratio | 1.15% | 0.99% |
| Launched | Dec 13, 2022 | Mar 12, 2025 |
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. 4.1 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. BABX 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.
KBAB in plain words
Three months to Sep 11, 2026: KBAB returned −12.4% where its own daily promise gave −10.4%, 2.1 points short. Read the multiple against the whole window instead and +2 times BABA's −3.1% implies −6.2%, which makes KBAB look 6.2 points short. KBAB aims to return +2 times BABA's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, BABX or KBAB?
- Over the window to Sep 11, 2026, BABX finished 6.1 points from what its multiple implies and KBAB finished 6.2 points from its own, so BABX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are BABX and KBAB levered on the same thing?
- Yes. Both are levered on BABA, BABX at +2 times and KBAB at +2 times the daily move.
- Which one decays faster, BABX or KBAB?
- Decay follows how much the underlying moves about. Over this window BABX’s moved at 44% annualized and KBAB’s at 44%, so BABX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold BABX or KBAB 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, BABX or KBAB?
- BABX charges 1.15% a year and KBAB charges 0.99%, so KBAB 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, BABX against KBAB, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/BABX-KBAB Free to use with attribution; the underlying files are at Open data.