BABU vs BABX: which held to its multiple?
Over the days both have traded, BABU finished 1.3 points from its stated multiple and BABX 0.8. Direxion Daily BABA Bull 2X ETF and GraniteShares 2x Long BABA Daily ETF.
BABU returned +12.0% while 2 times BABA's move would have been +19.5%
BABX returned +12.7% while 2 times BABA's move would have been +19.5%
A percentile among the 470 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
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | BABU | BABX | BABU | BABX | BABU | BABX |
| 1 month | −12.7% | −12.2% | −11.4% | −11.4% | −1.3 pts | −0.8 pts |
| 3 months | +12.0% | +12.7% | +19.5% | +19.5% | −7.5 pts | −6.8 pts |
| 6 months | −33.5% | −32.1% | −24.6% | −24.6% | −8.9 pts | −7.6 pts |
| 1 year | not published | −71.4% | not published | −78.5% | not published | +7.1 pts |
| 3 years | not published | −17.9% | not published | +63.7% | not published | −81.6 pts |
| Since launch BABU Feb 2026 · BABX Dec 2022 | −63.6% | −37.3% | −67.9% | +50.2% | +4.3 pts | −87.5 pts |
BABU and BABX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
BABU and BABX on the same fields, as of Sep 30, 2026. Source: ETFIQ.
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. 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 43% 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 30, 2026: BABX returned +12.7% where its own daily promise gave +15.1%, 2.3 points short. Read the multiple against the whole window instead and 2 times BABA's 9.8% implies +19.5%, which makes BABX look 6.8 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 30, 2026, BABU finished 7.5 points from what its multiple implies and BABX finished 6.8 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 Alibaba Group Holding, 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 43% annualized and BABX’s at 43%, 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.
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.
ETFIQ, BABU against BABX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/babu-vs-babx
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, BABU against BABX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/babu-vs-babx Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, BABU against BABX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/babu-vs-babx
- APA
- ETFIQ. (Sep 30, 2026). BABU against BABX. Retrieved from https://etfiq.com/compare/leverage/babu-vs-babx
- Markdown
- [BABU against BABX (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/babu-vs-babx)