{"url":"https://etfiq.com/compare/leverage/babx-vs-kbab","section":"compare","title":"BABX vs KBAB: which held to its multiple? | ETFIQ","description":"BABX sets out to return +2 times BABA each day and KBAB +2 times. Over the three months to Sep 30, 2026 they finished \u22126.8 pts and \u22127.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BABX or KBAB?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BABX finished 6.8 points from what its multiple implies and KBAB finished 7.1 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 BABX and KBAB levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Alibaba Group Holding, BABX at +2 times and KBAB at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BABX or KBAB?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BABX\u2019s moved at 43% annualized and KBAB\u2019s at 43%, so BABX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BABX or KBAB 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, BABX or KBAB?","acceptedAnswer":{"@type":"Answer","text":"BABX charges 1.15% a year and KBAB charges 0.99%, so KBAB 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":"BABX vs KBAB","item":"https://etfiq.com/compare/leverage/babx-vs-kbab"}]},{"@type":"WebPage","name":"BABX vs KBAB: which held to its multiple?","description":"BABX sets out to return +2 times BABA each day and KBAB +2 times. Over the three months to Sep 30, 2026 they finished \u22126.8 pts and \u22127.1 pts away.","url":"https://etfiq.com/compare/leverage/babx-vs-kbab","dateModified":"2026-09-30","abstract":"Over the days both have traded, BABX finished 0.8 points from its stated multiple and KBAB 0.9.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BABX and KBAB","description":"BABX sets out to return +2 times BABA each day and KBAB +2 times. Over the three months to Sep 30, 2026 they finished \u22126.8 pts and \u22127.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/babx-vs-kbab","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 / BABX vs KBAB \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BABX vs KBAB: which held to its multiple?\n\n Over the days both have traded, BABX finished 0.8 points from its stated multiple and KBAB 0.9.\n Copy this for sharing \n \n GraniteShares 2x Long BABA Daily ETF and KraneShares 2x Long BABA Daily ETF.\n\n Download as PDF \n\n +12.7% BABX returned, 3 months \n +12.4% KBAB returned, 3 months \n \u22126.8 pts BABX from its stated multiple \n \u22127.1 pts KBAB from its stated multiple \n\n ETFIQ Decay Resistance Score: BABX scores higher\n Did it keep","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/babx-vs-kbab","a":{"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"}]},"b":{"ticker":"KBAB","name":"KraneShares 2x Long BABA Daily ETF","issuer":"KraneShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: KBAB returned +12.4% where its own daily promise gave +15.1%, 2.7 points short.","url":"https://etfiq.com/funds/kbab","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":"+12.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.99%","as_of":"2026-09-30","source":"485BPOS XBRL, Jul 29, 2026"}]},"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/babx-vs-kbab"}