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- Upturn Summary
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Upturn AI Summary
GraniteShares 2x Long BABA Daily ETF(BABX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BABX
09/25/2026: BABX (1-star) is currently NOT-A-BUY. Pass it for now.
BABX is a leveraged ETF providing 2x daily exposure to Alibaba (BABA) stock via swap agreements. Its primary strength lies in its ability to offer magnified short-term market access to tactical traders. The fund is designed specifically for daily trading, not long-term holding, due to the corrosive impact of compounding and volatility decay. Key risks include intense single-stock concentration, regulatory uncertainty in the Chinese tech sector, and the potential for rapid capital loss. It is intended solely for sophisticated investors who can monitor their positions on a daily basis.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | This fund is generally unsuitable for core growth portfolios due to the risks of leverage decay. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders may use this to capitalize on short-term upward trends in Alibaba stock. |
| Value investor | Weak fit | Value investors typically avoid high-cost, leveraged instruments that suffer from volatility drag. |
| Dividend/Income investor | Weak fit | The fund does not provide reliable income and is designed for capital appreciation via volatility. |
| Low-risk investor | Weak fit | This is a high-risk product that is inappropriate for investors prioritizing capital preservation. |
Investor Profile
Ideal Investor Profile
The ideal investor is an experienced, active day trader with a high risk tolerance who understands leverage decay.
Suitability
This fund is strictly for short-term tactical trading and is not suitable for long-term investment strategies.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The 2x leverage multiplier significantly increases the impact of daily price swings. |
| Market risk | High | The fund is entirely exposed to the price performance of a single company, Alibaba. |
| Concentration | High | Lack of diversification means the fund's outcome is tied exclusively to one security. |
| Tracking/expense | Medium / high | Daily rebalancing and derivative costs lead to tracking errors over periods longer than one day. |
| Liquidity | Medium | Lower trading volumes during periods of low interest can impact exit costs. |
| Business/sector quality | Medium / high | The fund is subject to specific regulatory and operational risks facing the Chinese technology sector. |
Risk Analysis
Volatility
BABX exhibits extremely high volatility due to the 2x leverage and single-stock concentration.
Market Risk
The primary risk is a significant price drop in Alibaba shares, which would be doubled, leading to substantial capital loss.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Single stock | Alibaba Group Holding Limited (BABA) — seeks 2x daily return | 95 | The fund is designed to amplify the daily price movements of Alibaba stock by two times. |
| Cash/collateral | Cash and Cash Equivalents | 5 | This portion of the portfolio serves as collateral to support the derivative swap agreements. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type ETF | Historic Profit 115.3% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/25/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 26, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $116.95M |
| Issuer | Graniteshares |
| Expense Ratio | 1.15% |
| Distribution Yield | 0% |
| Inception | Dec 12, 2022 |
Performance
| Period | Total Return |
|---|---|
| YTD | -52.19% |
| 1 Year | -69.15% |
| 3 Year | -5.54% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 120.66% |
| 3Y Volatility | 94.82% |
| 3Y Sharpe Ratio | 0.28 |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mega Cap | 64.45% |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 0.0% |
| Distribution Yield | 0% |
Top Holdings
| Holding | Weight |
|---|---|
| Alibaba Group Holding | 100.07% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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