{"url":"https://etfiq.com/compare/leverage/babu-vs-babx","section":"compare","title":"BABU vs BABX: which held to its multiple? | ETFIQ","description":"BABU sets out to return +2 times BABA each day and BABX +2 times. Over the three months to Sep 30, 2026 they finished \u22127.5 pts and \u22126.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BABU or BABX?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Are BABU and BABX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Alibaba Group Holding, BABU at +2 times and BABX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BABU or BABX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BABU\u2019s moved at 43% annualized and BABX\u2019s at 43%, so BABU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BABU or BABX for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, BABU or BABX?","acceptedAnswer":{"@type":"Answer","text":"BABU charges 0.97% a year and BABX charges 1.15%, so BABU is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"BABU vs BABX","item":"https://etfiq.com/compare/leverage/babu-vs-babx"}]},{"@type":"WebPage","name":"BABU vs BABX: which held to its multiple?","description":"BABU sets out to return +2 times BABA each day and BABX +2 times. Over the three months to Sep 30, 2026 they finished \u22127.5 pts and \u22126.8 pts away.","url":"https://etfiq.com/compare/leverage/babu-vs-babx","dateModified":"2026-09-30","abstract":"Over the days both have traded, BABU finished 1.3 points from its stated multiple and BABX 0.8.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BABU and BABX","description":"BABU sets out to return +2 times BABA each day and BABX +2 times. Over the three months to Sep 30, 2026 they finished \u22127.5 pts and \u22126.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/babu-vs-babx","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6619,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BABU vs BABX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BABU vs BABX: which held to its multiple?\n\n Over the days both have traded, BABU finished 1.3 points from its stated multiple and BABX 0.8.\n Copy this for sharing \n \n Direxion Daily BABA Bull 2X ETF and GraniteShares 2x Long BABA Daily ETF.\n\n Download as PDF \n\n +12.0% BABU returned, 3 months \n +12.7% BABX returned, 3 months \n \u22127.5 pts BABU from its stated multiple \n \u22126.8 pts BABX from its stated multiple \n\n ETFIQ Decay Resistance Score: BABX scores higher\n Did it keep up","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/babu-vs-babx","a":{"ticker":"BABU","name":"Direxion Daily BABA Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BABU returned +12.0% where its own daily promise gave +15.1%, 3.0 points short.","url":"https://etfiq.com/funds/babu","key_facts":[{"label":"What BABA did","value":"+9.8%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+15.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+12.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$7m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.97%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"BABX","name":"GraniteShares 2x Long BABA Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BABX returned +12.7% where its own daily promise gave +15.1%, 2.3 points short.","url":"https://etfiq.com/funds/babx","key_facts":[{"label":"What BABA did","value":"+9.8%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+15.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+12.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$110m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.15%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/babu-vs-babx"}