BABX vs KEMX
Comparison between GRANITESHARES 2X LONG BABA DAILY ETF (BABX, ETF) and KRANESHARES MSCI EMERGING MARKETS EX CHINA INDEX ETF (KEMX, ETF).
BABX vs KEMX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
BABX
$119M
KEMX
$118M
Expense Ratio
BABX
N/A
KEMX
0.24%
Max Drawdown
BABX
70.62%
Winner
KEMX
39.30%
Sharpe Ratio
BABX
0.14
Winner
KEMX
2.06
5Y Beta
BABX
1.79
Winner
KEMX
0.88
5Y Dividends CAGR
BABX
N/A
KEMX
19.55%
BABX vs KEMX - Historical Returns
Returns include dividend reinvestment.
1M
BABX
-18.64%
Winner
KEMX
+1.28%
3M
BABX
-19.15%
Winner
KEMX
+17.15%
6M
BABX
-48.36%
Winner
KEMX
+35.34%
1Y
BABX
-19.80%
Winner
KEMX
+62.85%
5Y(CAGR)
BABX
N/A
KEMX
+11.64%
Max(CAGR)
BABX
-4.76%
Winner
KEMX
+12.88%
BABX vs KEMX - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | BABX | KEMX |
|---|---|---|
| 2026 | -45.93% | +27.91% |
| 2025 | +123.16% | +37.70% |
| 2024 | +7.69% | +1.54% |
| 2023 | -38.87% | +21.39% |
| 2022 | -7.32% | -19.51% |
| 2021 | N/A | +8.98% |
| 2020 | N/A | +11.59% |
| 2019 | N/A | +7.92% |
BABX vs KEMX Drawdown Comparison
The maximum drawdown for BABX was -70.62%, occurring on Apr 17, 2024. Recovery took 519 trading sessions.
The maximum drawdown for KEMX was -38.80%, occurring on Mar 23, 2020. Recovery took 215 trading sessions.
The current BABX drawdown is -65.69%. The current KEMX drawdown is -9.28%.
| Rank | BABX | KEMX |
|---|---|---|
| #1 | -70.62% Jan 26, 2023 - Feb 21, 2025 | -38.80% Jan 17, 2020 - Nov 23, 2020 |
| #2 | -65.69% Oct 2, 2025 - Jun 5, 2026 | -30.85% Jan 12, 2022 - Jul 3, 2024 |
| #3 | -56.35% Mar 17, 2025 - Sep 15, 2025 | -19.59% Sep 26, 2024 - Jun 9, 2025 |
| #4 | -20.58% Feb 21, 2025 - Mar 17, 2025 | -15.36% Feb 25, 2026 - Apr 17, 2026 |
| #5 | -11.21% Dec 13, 2022 - Jan 3, 2023 | -9.93% Jul 12, 2024 - Sep 24, 2024 |
| #6 | -5.90% Jan 13, 2023 - Jan 20, 2023 | -9.75% Jul 18, 2019 - Oct 25, 2019 |
| #7 | -5.25% Sep 24, 2025 - Sep 29, 2025 | -9.28% Jun 2, 2026 - Jun 5, 2026 |
| #8 | -4.30% Sep 17, 2025 - Sep 24, 2025 | -8.14% Apr 17, 2019 - Jul 1, 2019 |
| #9 | -2.87% Jan 11, 2023 - Jan 13, 2023 | -7.13% Jun 4, 2021 - Jan 11, 2022 |
| #10 | -1.44% Sep 29, 2025 - Oct 1, 2025 | -6.67% Jan 21, 2021 - Feb 12, 2021 |
| #11 | -0.52% Jan 20, 2023 - Jan 25, 2023 | -6.58% Feb 16, 2021 - May 7, 2021 |
| #12 | N/A | -6.11% May 8, 2026 - May 26, 2026 |
| #13 | N/A | -5.75% May 7, 2021 - Jun 1, 2021 |
| #14 | N/A | -4.42% Nov 3, 2025 - Dec 10, 2025 |
| #15 | N/A | -4.14% Nov 7, 2019 - Dec 12, 2019 |
Correlation
Correlation between BABX and KEMX is 0.36 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.36
-101
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