BABX vs TSMX
GraniteShares 2x Long BABA Daily ETF vs Direxion Daily TSM Bull 2X ETF
Which is better, BABX or TSMX?
TSMX has been ahead.
TSMX has a lower expense ratio. TSMX led over 1Y 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 | TSMX |
|---|---|---|
| Expense Ratio | 1.15% | 0.99%Best |
| AUM | $111M | $584M |
| Dividend Yield | 0.00% | 5.49% |
| Holdings | 4 | 18 |
| YTD Return | -57.82% | +58.34%Best |
| 1Y Return | -64.94% | +68.22%Best |
| 3Y Return (annualized) | -2.78% | - |
| Volatility (annualized) | 105.4% | 70.6%Best |
| Max Drawdown | -78.8% | -63.8%Best |
| $10,000 over 2 years | $5,723 | $35,785Best |
| Fund Family | GraniteShares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Dec 13, 2022 | Oct 3, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 3, 2024 to Oct 12, 2026 (2 years).
BABX vs TSMX 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 2 years both funds cover.
BABX vs TSMX Performance
GraniteShares 2x Long BABA Daily ETF (BABX) is an ETF from GraniteShares and Direxion Daily TSM Bull 2X ETF (TSMX) is an ETF from Direxion Shares ETF Trust. Over the past year BABX returned -64.94% while TSMX returned +68.22%. Year to date, BABX is down 57.82% versus a gain of 58.34% for TSMX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BABX has been the more volatile fund, with annualized monthly volatility of 105.4% compared with 70.6% for TSMX. 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 -63.8% for TSMX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.15. They move largely independently of each other.
Fees and Cost Over Time
BABX charges 1.15% per year while TSMX charges 0.99%. On a $10,000 position that is $115 vs $99 annually, a gap of $16 per year that compounds over a long holding period. On income, BABX currently yields 0.00% against 5.49% for TSMX.
You are not choosing between two funds in isolation.
Whichever of BABX and TSMX 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 TSMX?
BABX has an expense ratio of 1.15% while TSMX charges 0.99%. TSMX is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, BABX or TSMX?
Over the past year BABX returned -64.94% vs +68.22% for TSMX, so TSMX leads on 1-year performance. Over the longest common window we track (2 years), BABX annualized -24.35% vs +89.17% for TSMX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BABX or TSMX?
BABX has been the more volatile fund at 105.4% annualized versus 70.6% for TSMX. Worst drawdown: BABX -78.8% vs TSMX -63.8%.
Should I hold both BABX and TSMX?
BABX and TSMX have a monthly-return correlation of -0.15, 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 TSMX?
BABX yields 0.00% while TSMX yields 5.49%, so TSMX currently pays the higher dividend yield.
Is TSMX better than BABX?
TSMX has a lower expense ratio. TSMX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.