NATO vs BABX
Comparison between THEMES TRANSATLANTIC DEFENSE ETF (NATO, ETF) and GRANITESHARES 2X LONG BABA DAILY ETF (BABX, ETF).
NATO vs BABX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NATO
$103M
BABX
$103M
Expense Ratio
NATO
0.35%
BABX
N/A
Max Drawdown
Winner
NATO
15.99%
BABX
78.83%
Sharpe Ratio
Winner
NATO
0.62
BABX
0.11
5Y Beta
Winner
NATO
0.83
BABX
1.79
P/E Ratio
NATO
45.97
BABX
N/A
Forward P/E
NATO
32.89
BABX
N/A
Debt to Equity
NATO
137.91%
BABX
N/A
P/S Ratio
NATO
3.16
BABX
N/A
P/B Ratio
NATO
6.60
BABX
N/A
NATO vs BABX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NATO
+5.28%
BABX
-0.29%
3M
Winner
NATO
+6.46%
BABX
-21.63%
6M
Winner
NATO
-5.29%
BABX
-46.88%
1Y
Winner
NATO
+15.76%
BABX
-21.96%
Max(CAGR)
Winner
NATO
+30.45%
BABX
-6.33%
NATO vs BABX - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | NATO | BABX |
|---|---|---|
| 2026 | +6.03% | -49.65% |
| 2025 | +51.85% | +123.16% |
| 2024 | +0.35% | +7.69% |
| 2023 | N/A | -38.87% |
| 2022 | N/A | -7.32% |
NATO vs BABX Drawdown Comparison
The maximum drawdown for NATO was -15.99%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for BABX was -78.83%, occurring on Jun 26, 2026. This drawdown has not yet recovered.
The current NATO drawdown is -6.41%. The current BABX drawdown is -68.05%.
| Rank | NATO | BABX |
|---|---|---|
| #1 | -15.99% Mar 2, 2026 - Mar 30, 2026 | -78.83% Oct 2, 2025 - Jun 26, 2026 |
| #2 | -13.28% Mar 19, 2025 - Apr 29, 2025 | -70.62% Jan 26, 2023 - Feb 21, 2025 |
| #3 | -10.85% Oct 8, 2025 - Jan 5, 2026 | -56.35% Mar 17, 2025 - Sep 15, 2025 |
| #4 | -7.21% Nov 11, 2024 - Feb 18, 2025 | -20.58% Feb 21, 2025 - Mar 17, 2025 |
| #5 | -7.16% Jan 16, 2026 - Feb 20, 2026 | -11.21% Dec 13, 2022 - Jan 3, 2023 |
| #6 | -4.72% Oct 18, 2024 - Nov 6, 2024 | -5.90% Jan 13, 2023 - Jan 20, 2023 |
| #7 | -4.03% Mar 5, 2025 - Mar 17, 2025 | -5.25% Sep 24, 2025 - Sep 29, 2025 |
| #8 | -3.96% Feb 18, 2025 - Feb 28, 2025 | -4.30% Sep 17, 2025 - Sep 24, 2025 |
| #9 | -3.23% Jul 23, 2025 - Sep 11, 2025 | -2.87% Jan 11, 2023 - Jan 13, 2023 |
| #10 | -1.91% Jun 5, 2025 - Jun 26, 2025 | -1.44% Sep 29, 2025 - Oct 1, 2025 |
| #11 | -1.84% Jun 30, 2025 - Jul 9, 2025 | -0.52% Jan 20, 2023 - Jan 25, 2023 |
| #12 | -1.79% May 19, 2025 - May 27, 2025 | N/A |
| #13 | -1.55% Jul 18, 2025 - Jul 23, 2025 | N/A |
| #14 | -1.26% Mar 3, 2025 - Mar 5, 2025 | N/A |
| #15 | -1.26% Feb 20, 2026 - Mar 2, 2026 | N/A |
Correlation
Correlation between NATO and BABX is 0.27 which considered as a very weak or no correlation - the stocks move independently of each other.
0.27
-101
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