BABX vs IQM
Comparison between GRANITESHARES 2X LONG BABA DAILY ETF (BABX, ETF) and FRANKLIN INTELLIGENT MACHINES ETF (IQM, ETF).
BABX vs IQM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
BABX
$103M
IQM
$103M
Expense Ratio
BABX
N/A
IQM
0.50%
Max Drawdown
BABX
78.83%
Winner
IQM
45.01%
Sharpe Ratio
BABX
0.11
Winner
IQM
0.90
5Y Beta
BABX
1.79
Winner
IQM
1.71
P/E Ratio
BABX
N/A
IQM
51.01
Forward P/E
BABX
N/A
IQM
28.56
PEG Ratio
BABX
N/A
IQM
0.36
5Y EPS CAGR
BABX
N/A
IQM
36.28%
P/S Ratio
BABX
N/A
IQM
2.77
P/B Ratio
BABX
N/A
IQM
13.69
BABX vs IQM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BABX
-0.29%
IQM
-3.66%
3M
BABX
-21.63%
Winner
IQM
-6.61%
6M
BABX
-46.88%
Winner
IQM
+11.56%
1Y
BABX
-21.96%
Winner
IQM
+36.05%
5Y(CAGR)
BABX
N/A
IQM
+16.56%
Max(CAGR)
BABX
-6.33%
Winner
IQM
+25.45%
BABX vs IQM - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | BABX | IQM |
|---|---|---|
| 2026 | -49.65% | +18.35% |
| 2025 | +123.16% | +30.98% |
| 2024 | +7.69% | +34.91% |
| 2023 | -38.87% | +42.59% |
| 2022 | -7.32% | -33.76% |
| 2021 | N/A | +26.37% |
| 2020 | N/A | +78.48% |
BABX vs IQM 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 IQM was -44.91%, occurring on Oct 14, 2022. Recovery took 571 trading sessions.
The current BABX drawdown is -68.05%. The current IQM drawdown is -16.17%.
| Rank | BABX | IQM |
|---|---|---|
| #1 | -78.83% Oct 2, 2025 - Jun 26, 2026 | -44.91% Nov 19, 2021 - Mar 1, 2024 |
| #2 | -70.62% Jan 26, 2023 - Feb 21, 2025 | -30.42% Jan 23, 2025 - Jun 24, 2025 |
| #3 | -56.35% Mar 17, 2025 - Sep 15, 2025 | -30.17% Mar 4, 2020 - May 8, 2020 |
| #4 | -20.58% Feb 21, 2025 - Mar 17, 2025 | -25.28% Jun 22, 2026 - Jul 29, 2026 |
| #5 | -11.21% Dec 13, 2022 - Jan 3, 2023 | -19.70% Feb 12, 2021 - Aug 3, 2021 |
| #6 | -5.90% Jan 13, 2023 - Jan 20, 2023 | -18.59% Jul 8, 2024 - Nov 8, 2024 |
| #7 | -5.25% Sep 24, 2025 - Sep 29, 2025 | -14.71% Oct 29, 2025 - Jan 16, 2026 |
| #8 | -4.30% Sep 17, 2025 - Sep 24, 2025 | -13.95% Feb 25, 2026 - Apr 10, 2026 |
| #9 | -2.87% Jan 11, 2023 - Jan 13, 2023 | -11.91% Sep 2, 2020 - Oct 12, 2020 |
| #10 | -1.44% Sep 29, 2025 - Oct 1, 2025 | -11.57% Mar 7, 2024 - May 21, 2024 |
| #11 | -0.52% Jan 20, 2023 - Jan 25, 2023 | -11.50% Jun 2, 2026 - Jun 18, 2026 |
| #12 | N/A | -10.10% Jan 16, 2026 - Feb 25, 2026 |
| #13 | N/A | -8.35% Sep 7, 2021 - Oct 25, 2021 |
| #14 | N/A | -8.30% Oct 13, 2020 - Nov 5, 2020 |
| #15 | N/A | -7.14% May 14, 2026 - May 26, 2026 |
Correlation
Correlation between BABX and IQM is 0.31 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.31
-101
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