BABX vs SPY
GraniteShares 2x Long BABA Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BABX or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BABX | SPY |
|---|---|---|
| Expense Ratio | 1.15% | 0.09%Best |
| AUM | $147M | $814.4B |
| Dividend Yield | 0.00% | 1.01% |
| Holdings | 2 | 505 |
| YTD Return | -55.01% | +13.34%Best |
| 1Y Return | -42.02% | +19.97%Best |
| 3Y Return (annualized) | -7.94% | +21.20%Best |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 94.8% | 12.5%Best |
| Max Drawdown | -78.8% | -18.8%Best |
| $10,000 over 3.7 years | $7,040 | $20,029Best |
| Fund Family | GraniteShares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Dec 13, 2022 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Dec 13, 2022 to Sep 4, 2026 (3.7 years).
BABX vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
BABX vs SPY Performance
GraniteShares 2x Long BABA Daily ETF (BABX) is an ETF from GraniteShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BABX returned -42.02% while SPY returned +19.97%. Year to date, BABX is down 55.01% versus a gain of 13.34% for SPY.
Over three years, BABX compounded at -7.94% per year against +21.20% for SPY. Across the full 4-year window we track, SPY has the edge at +20.65% annualized vs -9.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BABX has been the more volatile fund, with annualized monthly volatility of 94.8% compared with 12.5% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -78.8% for BABX and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.20. They move largely independently of each other.
Fees and Cost Over Time
BABX charges 1.15% per year while SPY charges 0.09%. On a $10,000 position that is $115 vs $9 annually, a gap of $106 per year that compounds over a long holding period. On income, BABX currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 1 holding in BABX and 503 in SPY, totalling 66.7% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in BABX and 503 in SPY, against full books of 2 and 505.
You are not choosing between two funds in isolation.
Whichever of BABX and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BABX or SPY?
BABX has an expense ratio of 1.15% while SPY charges 0.09%. SPY is the cheaper option, by $106 a year on a $10,000 investment.
Which performed better, BABX or SPY?
Over the past year BABX returned -42.02% vs +19.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), BABX annualized -9.05% vs +20.65% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BABX or SPY?
BABX has been the more volatile fund at 94.8% annualized versus 12.5% for SPY. Worst drawdown: BABX -78.8% vs SPY -18.8%.
Should I hold both BABX and SPY?
BABX and SPY have a monthly-return correlation of 0.20, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BABX or SPY?
BABX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than BABX?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.