BABX vs CNXT
Comparison between GRANITESHARES 2X LONG BABA DAILY ETF (BABX, ETF) and VANECK CHINEXT INNOVATORS ETF (CNXT, ETF).
BABX vs CNXT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BABX
$103M
Winner
CNXT
$103M
Expense Ratio
BABX
N/A
CNXT
0.65%
Max Drawdown
BABX
78.83%
Winner
CNXT
70.04%
Sharpe Ratio
BABX
0.11
Winner
CNXT
1.10
5Y Beta
BABX
1.79
Winner
CNXT
0.66
5Y Dividends CAGR
BABX
N/A
CNXT
-3.05%
BABX vs CNXT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BABX
-0.29%
CNXT
-2.98%
3M
BABX
-21.63%
Winner
CNXT
-8.07%
6M
BABX
-46.88%
Winner
CNXT
+9.30%
1Y
BABX
-21.96%
Winner
CNXT
+46.63%
5Y(CAGR)
BABX
N/A
CNXT
+2.30%
10Y(CAGR)
BABX
N/A
CNXT
+5.27%
Max(CAGR)
BABX
-6.33%
Winner
CNXT
+6.97%
BABX vs CNXT - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | BABX | CNXT |
|---|---|---|
| 2026 | -49.65% | +13.45% |
| 2025 | +123.16% | +65.65% |
| 2024 | +7.69% | +15.31% |
| 2023 | -38.87% | -22.08% |
| 2022 | -7.32% | -35.60% |
| 2021 | N/A | +4.80% |
| 2020 | N/A | +57.62% |
| 2019 | N/A | +43.64% |
| 2018 | N/A | -40.59% |
| 2017 | N/A | +18.43% |
| 2016 | N/A | -20.53% |
| 2015 | N/A | +42.40% |
| 2014 | N/A | +15.98% |
BABX vs CNXT Drawdown Comparison
The maximum drawdown for BABX was -78.83%, occurring on Jun 26, 2026. This drawdown has not yet recovered.
The maximum drawdown for CNXT was -68.98%, occurring on Jan 3, 2019. Recovery took 2770 trading sessions.
The current BABX drawdown is -68.05%. The current CNXT drawdown is -18.62%.
| Rank | BABX | CNXT |
|---|---|---|
| #1 | -78.83% Oct 2, 2025 - Jun 26, 2026 | -68.98% Jun 12, 2015 - Jun 18, 2026 |
| #2 | -70.62% Jan 26, 2023 - Feb 21, 2025 | -24.23% Jun 30, 2026 - Jul 29, 2026 |
| #3 | -56.35% Mar 17, 2025 - Sep 15, 2025 | -10.47% Apr 6, 2015 - Apr 22, 2015 |
| #4 | -20.58% Feb 21, 2025 - Mar 17, 2025 | -10.28% Dec 4, 2014 - Jan 13, 2015 |
| #5 | -11.21% Dec 13, 2022 - Jan 3, 2023 | -6.76% May 26, 2015 - Jun 2, 2015 |
| #6 | -5.90% Jan 13, 2023 - Jan 20, 2023 | -6.62% Jan 22, 2015 - Feb 4, 2015 |
| #7 | -5.25% Sep 24, 2025 - Sep 29, 2025 | -6.36% Jun 2, 2015 - Jun 12, 2015 |
| #8 | -4.30% Sep 17, 2025 - Sep 24, 2025 | -6.29% Feb 4, 2015 - Feb 13, 2015 |
| #9 | -2.87% Jan 11, 2023 - Jan 13, 2023 | -5.50% Oct 9, 2014 - Dec 3, 2014 |
| #10 | -1.44% Sep 29, 2025 - Oct 1, 2025 | -4.05% Jun 22, 2026 - Jun 30, 2026 |
| #11 | -0.52% Jan 20, 2023 - Jan 25, 2023 | -3.62% Sep 12, 2014 - Sep 30, 2014 |
| #12 | N/A | -3.52% Mar 5, 2015 - Mar 11, 2015 |
| #13 | N/A | -3.41% May 4, 2015 - May 8, 2015 |
| #14 | N/A | -3.06% Apr 24, 2015 - May 4, 2015 |
| #15 | N/A | -2.96% Mar 25, 2015 - Mar 30, 2015 |
Correlation
Correlation between BABX and CNXT is 0.43 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.43
-101
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