BABX vs SMUP
GraniteShares 2x Long BABA Daily ETF vs T-REX 2X Long SMR Daily Target ETF
Which is better, BABX or SMUP?
BABX has been ahead.
BABX has a lower expense ratio. BABX led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BABX | SMUP |
|---|---|---|
| Expense Ratio | 1.15%Best | 1.50% |
| AUM | $123M | $5M |
| Dividend Yield | 0.00% | 164.73% |
| Holdings | 4 | 3 |
| YTD Return | -57.48% | +41.08%Best |
| 1Y Return | -62.87%Best | -89.32% |
| 3Y Return (annualized) | -2.66% | - |
| Volatility (annualized) | 109.4%Best | 2566.9% |
| Max Drawdown | -78.8%Best | -98.8% |
| $10,000 over 1.2 years | $6,341Best | $695 |
| Fund Family | GraniteShares | REX Shares |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Dec 13, 2022 | Jul 25, 2025 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 25, 2025 to Oct 14, 2026 (1.2 years).
BABX vs SMUP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.2 years both funds cover.
BABX vs SMUP Performance
GraniteShares 2x Long BABA Daily ETF (BABX) is an ETF from GraniteShares and T-REX 2X Long SMR Daily Target ETF (SMUP) is an ETF from REX Shares. Over the past year BABX returned -62.87% while SMUP returned -89.32%. Year to date, BABX is down 57.48% versus a gain of 41.08% for SMUP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMUP has been the more volatile fund, with annualized monthly volatility of 2566.9% compared with 109.4% for BABX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -78.8% for BABX and -98.8% for SMUP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.08. They move largely independently of each other.
Fees and Cost Over Time
BABX charges 1.15% per year while SMUP charges 1.50%. On a $10,000 position that is $115 vs $150 annually, a gap of $35 per year that compounds over a long holding period. On income, BABX currently yields 0.00% against 164.73% for SMUP.
You are not choosing between two funds in isolation.
Whichever of BABX and SMUP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BABX or SMUP?
BABX has an expense ratio of 1.15% while SMUP charges 1.50%. BABX is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, BABX or SMUP?
Over the past year BABX returned -62.87% vs -89.32% for SMUP, so BABX leads on 1-year performance. Over the longest common window we track (1 years), BABX annualized -31.59% vs -89.16% for SMUP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BABX or SMUP?
SMUP has been the more volatile fund at 2566.9% annualized versus 109.4% for BABX. Worst drawdown: BABX -78.8% vs SMUP -98.8%.
Should I hold both BABX and SMUP?
BABX and SMUP have a monthly-return correlation of 0.08, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BABX or SMUP?
BABX yields 0.00% while SMUP yields 164.73%, so SMUP currently pays the higher dividend yield.
Is SMUP better than BABX?
BABX has a lower expense ratio. BABX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.