- ISIN
- US74347G2672
- Issuer
- ProShares
- Inception Date
- Nov 29, 2022
- Category
- Lithium & Battery Metals
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Global Core Battery Metals Index - Benchmark TR Net
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $16M
Share Price Chart
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Performance
ION Performance Chart
Proshares S&P Global Core Battery Metals ETF (ION) is up 8.5% since the beginning of the year. ION is currently trading at $56 per share.
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Returns By Period
Proshares S&P Global Core Battery Metals ETF (ION) has returned 8.52% so far this year and 111.43% over the past 12 months.
Proshares S&P Global Core Battery Metals ETF
- 1D
- -0.40%
- 1M
- -6.82%
- YTD
- 8.52%
- 6M
- 8.91%
- 1Y
- 111.43%
- 3Y*
- 17.02%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ION Monthly Returns History
Based on dividend-adjusted daily data since Dec 1, 2022, ION's average daily return is +0.06%, while the average monthly return is +1.19%. At this rate, an investment would double in approximately 4.9 years.
Historically, 53% of months were positive and 47% were negative. The best month was Apr 2026 with a return of +16.1%, while the worst month was Jan 2024 at -13.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ION closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +11.5%, while the worst single day was Jan 30, 2026 at -9.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.63% | 12.20% | -12.58% | 16.08% | -8.19% | -7.00% | 8.52% | ||||||
| 2025 | 1.59% | -1.94% | 1.90% | -1.68% | 6.41% | 8.81% | 5.66% | 15.81% | 10.35% | 8.53% | 12.50% | 9.39% | 108.37% |
| 2024 | -13.72% | 5.50% | 2.12% | 2.38% | 1.74% | -11.44% | -3.59% | -2.05% | 15.90% | -3.60% | -2.86% | -9.01% | -20.02% |
| 2023 | 14.38% | -12.13% | -1.22% | -0.39% | -6.41% | 5.68% | 3.49% | -10.90% | -4.85% | -10.50% | 0.25% | 11.56% | -14.10% |
| 2022 | -8.45% | -8.45% |
Benchmark Metrics
Proshares S&P Global Core Battery Metals ETF has an annualized alpha of -4.11%, beta of 1.05, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since December 01, 2022.
- This ETF participated in 139.44% of S&P 500 Index downside but only 94.72% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.25 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -4.11%
- Beta
- 1.05
- R²
- 0.25
- Upside Capture
- 94.72%
- Downside Capture
- 139.44%
Expense Ratio
ION has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ION ranks 80 for risk / return — better than 80% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Proshares S&P Global Core Battery Metals ETF (ION) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ION | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 2.78 | +2.03 |
| Martin ratioReturn relative to average drawdown | 14.58 | 12.44 | +2.15 |
Dividends
Dividend History
Proshares S&P Global Core Battery Metals ETF provided a 1.47% dividend yield over the last twelve months, with an annual payout of $0.82 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.82 | $0.84 | $0.44 | $0.72 | $0.05 |
Dividend yield | 1.47% | 1.63% | 1.74% | 2.23% | 0.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Proshares S&P Global Core Battery Metals ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.34 | $0.84 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.07 | $0.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.15 | $0.72 |
| 2022 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Proshares S&P Global Core Battery Metals ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Proshares S&P Global Core Battery Metals ETF was 52.08%, occurring on Apr 8, 2025. Recovery took 142 trading sessions.
The current Proshares S&P Global Core Battery Metals ETF drawdown is 18.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -52.08%Apr 2025 | 2y 2mo | 6mo 25d | 2y 9moFeb 2023 - Oct 2025 |
2026 bear market2026 | -23.30%Mar 2026 | 1mo 21d | 28d | 2mo 19dJan 2026 - Apr 2026 |
2026 bear market2026 | -22.86%Jun 2026 | 1mo 4d | — | 1mo 17dMay 2026 - now |
2023 pullback2023 | -9.89%Jan 2023 | 29d | 9d | 1mo 8dDec 2022 - Jan 2023 |
2025 pullback2025 | -7.18%Nov 2025 | 4d | 6d | 10dOct 2025 - Nov 2025 |
Drawdown Indicators
| ION | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.08% | -56.78% | +4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -23.30% | -9.10% | -14.20% |
Max Drawdown (3Y)Largest decline over 3 years | -46.47% | -18.90% | -27.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -18.15% | -1.80% | -16.35% |
Average DrawdownAverage peak-to-trough decline | -23.60% | -10.71% | -12.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 2.03% | +5.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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