Which came closer to its stated multiple, BABC or BABU?

Over the window to Sep 30, 2026, BABC finished 1.0 points from what its multiple implies and BABU finished 7.5 points from its own, so BABC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are BABC and BABU levered on the same thing?

Yes. Both are levered on Alibaba Group Holding, BABC at +2 times and BABU at +2 times the daily move.

Which one decays faster, BABC or BABU?

Decay follows how much the underlying moves about. Over this window BABC’s moved at 28% annualized and BABU’s at 43%, so BABU has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold BABC or BABU 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, BABC or BABU?

BABC charges 0.45% a year and BABU charges 0.97%, so BABC is cheaper. Fees come from each fund's prospectus.

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BABC vs BABU: which held to its multiple?

Over the days both have traded, BABC finished 1.0 points from its stated multiple and BABU 1.3. Corgi BABA 2x Daily ETF and Direxion Daily BABA Bull 2X ETF.

−13.2%

BABC returned, since launch

+12.0%

BABU returned, 3 months

−4.6 pts

BABC from its stated multiple

−7.5 pts

BABU from its stated multiple

BABC · 1 month to Sep 30, 20261 pt short of its stated multiple

BABC returned −12.4% while 2 times BABA's move would have been −11.4%

BABU · 3 months to Sep 30, 20267.5 pts short of its stated multiple

BABU returned +12.0% while 2 times BABA's move would have been +19.5%

Performance, window by window

	Total return		Multiple would give		Difference
Window	BABC	BABU	BABC	BABU	BABC	BABU
1 month	−12.4%	−12.7%	−11.4%	−11.4%	−1.0 pts	−1.3 pts
3 months	not published	+12.0%	not published	+19.5%	not published	−7.5 pts
6 months	not published	−33.5%	not published	−24.6%	not published	−8.9 pts
Since launch BABC Jul 2026 · BABU Feb 2026	−13.2%	−63.6%	−8.5%	−67.9%	−4.6 pts	+4.3 pts

BABC and BABU over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BABC

Corgi BABA 2x Daily ETF · Aims to return twice the daily move of Alibaba Group Holding (BABA)

BABU

Direxion Daily BABA Bull 2X ETF · Aims to return twice the daily move of Alibaba Group Holding (BABA)

Issuer Corgi Direxion

Sets out to return +2x +2x

Underlying asset BABA BABA

Segment company company

Fund returned, 3 months or since launch −12.4% +12.0%

Underlying returned, over that window −5.7% +9.8%

What the stated multiple implies, over that window −11.4% +19.5%

Difference from stated, over that window −1.0 pts −7.5 pts

Fund returned, 1 year or since launch −13.2% −63.6%

Difference from stated, over that window −4.6 pts +4.3 pts

Underlying volatility 28% 43%

Difference over the days both have traded −1.0 pts −1.3 pts

Expense ratio 0.45% 0.97%

Launched Jul 10, 2026 Feb 11, 2026

Net assets $332,126 $7m

BABC and BABU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

BABC in plain words

One month to Sep 30, 2026: BABC returned −12.4% where its own daily promise gave −11.7%, 0.8 points short. Read the multiple against the whole window instead and 2 times BABA's −5.7% implies −11.4%, which makes BABC look 1.0 points short. 0.3 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. BABC 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 28% 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.

BABU in plain words

Three months to Sep 30, 2026: BABU returned +12.0% where its own daily promise gave +15.1%, 3.0 points short. Read the multiple against the whole window instead and 2 times BABA's 9.8% implies +19.5%, which makes BABU look 7.5 points short. 4.4 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. BABA moved at 43% annualized over that window.

Questions people ask

Which came closer to its stated multiple, BABC or BABU?: Over the window to Sep 30, 2026, BABC finished 1.0 points from what its multiple implies and BABU finished 7.5 points from its own, so BABC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are BABC and BABU levered on the same thing?: Yes. Both are levered on Alibaba Group Holding, BABC at +2 times and BABU at +2 times the daily move.
Which one decays faster, BABC or BABU?: Decay follows how much the underlying moves about. Over this window BABC’s moved at 28% annualized and BABU’s at 43%, so BABU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold BABC or BABU 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, BABC or BABU?: BABC charges 0.45% a year and BABU charges 0.97%, so BABC is cheaper. Fees come from each fund's prospectus.

Other comparisons

BABC vs BABX BABC vs KBAB BABU vs BABX BABU vs KBAB

BABC on its own →BABU on its own →How every figure is computed →Standards and sources →

Where these figures came from

BABC filings on SEC EDGAR ↗BABC prospectus with the expense ratio (SEC) ↗Corgi website ↗BABU filings on SEC EDGAR ↗BABU prospectus with the expense ratio (SEC) ↗Direxion website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, BABC against BABU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/babc-vs-babu

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.