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ETFs

GraniteShares ETF Trust GraniteShares 1.75x Long BABA Daily ETF

BABX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 13 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$811,526
AUM
$6,141,170
Associated Index
None
Inverse/Leveraged
Leveraged (1.75x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

BABA_TRS
Recv Long Baba Trs
172.71%
n/a
US Dollars
16.48%
BABA-1
Payb Long Baba Trs
-180.03%
Invest with BABX

What is BABX?

GraniteShares 1.75x Long BABA Daily ETF seeks daily investment results, before fees and expenses, of 1.75 times (175%) the daily percentage change of the common stock of Alibaba Group Holding Limited, (NASDAQ: BABA). The Fund is an actively managed exchange-traded fund that attempts to replicate 1.75 times (175%) the daily percentage change of the Underlying Stock by entering into a swap agreement on the Underlying Stock. The Fund aims to generate 1.75 times the daily performance of the Underlying Stock for a single day. A "single day" is defined as being calculated "from the close of regular trading on one trading day to the close on the next trading day."

ETFs related toBABX

ETFs correlated to BABX include KWEB, EMQQ, CWEB

BABX
GraniteShares ETF Trust - GraniteShares 1.75x Long BABA Daily ETF
KWEB
KraneShares Trust - KraneShares CSI China Internet ETF
EMQQ
Exchange Traded Concepts Trust - EMQQ The Emerging Markets Internet and Ecommerce ETF
CWEB
Direxion Shares ETF Trust - Direxion Daily CSI China Internet Index Bull 2X Shares
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
YINN
Direxion Shares ETF Trust - Direxion Daily FTSE China Bull 3X Shares
FXI
BlackRock Institutional Trust Company N.A. - iShares China Large-Cap ETF
GXC
SSgA Active Trust - SPDR S&P China ETF
CHIQ
Global X Funds - Global X MSCI China Consumer Discretionary ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund
AIA
BlackRock Institutional Trust Company N.A. - iShares Asia 50 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBABX

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BABX using Composer

FAQ

BABX is a US Equities ETF. GraniteShares 1.75x Long BABA Daily ETF seeks daily investment results, before fees and expenses, of 1.75 times (175%) the daily percentage change of the common stock of Alibaba Group Holding Limited, (NASDAQ: BABA). The Fund is an actively managed exchange-traded fund that attempts to replicate 1.75 times (175%) the daily percentage change of the Underlying Stock by entering into a swap agreement on the Underlying Stock. The Fund aims to generate 1.75 times the daily performance of the Underlying Stock for a single day. A "single day" is defined as being calculated "from the close of regular trading on one trading day to the close on the next trading day."

Yes, BABX is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BABX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BABX is -0.0511%. This is the percent change in the value of BABX over the most recent 1-month period. The 3-month return on BABX is -0.021%. This is the percent change in the value of BABX over the most recent 3-month period.

ETFs similar to BABX include SSO, QID, and SDS.

ETFs correlated to BABX include KWEB, EMQQ, and CWEB.

ETFs that are inversely correlated to BABX include YANG, EDZ, and EFZ.

Yes, BABX is a Leveraged (1.75x) ETF.

Yes, BABX is a Leveraged (1.75x) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.