BABXGraniteShares 2x Long BABA Daily ETF
Seeks daily investment results of 200% of the daily performance of Alibaba stock.
By Graniteshares · Launched 2022
1.15%
#5,204 of 5,562 · expensive
$113M
#2,817 of 5,562 · mid-size
-32.9%
3 years
#2,883 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results of 200% of the daily performance of Alibaba stock.
- Strategy
- Actively managed to replicate 2x daily percentage change of Alibaba by using swaps, options, and direct stock purchases. Aims for approximately 200% notional exposure at the end of each trading day.
- Inception date
- December 12, 2022
- Fund family
- Graniteshares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged single-stock ETF — documented structural drag
Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.
Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)
Why we flagged this: strategy=leveraged + single_stock_wrapper
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-20