- 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
- $12M
Highlights
- Avg. Volume (1M)
- 2K
- Avg. Volume Value (1M)
- $91.53K
Share Price Chart
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Performance
ION Performance Chart
Proshares S&P Global Core Battery Metals ETF (ION) is down 8.0% since the beginning of the year. ION is currently trading at $47 per share.
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Returns By Period
Proshares S&P Global Core Battery Metals ETF (ION) has returned -7.96% so far this year and 56.19% over the past 12 months.
Proshares S&P Global Core Battery Metals ETF
- 1D
- -0.29%
- 1M
- -7.01%
- 6M
- -17.55%
- YTD
- -7.96%
- 1Y
- 56.19%
- 3Y*
- 9.85%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.25%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
ION Monthly Returns History
Based on dividend-adjusted daily data since Dec 1, 2022, ION's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 52% of months were positive and 48% were negative. The best month was Apr 2026 with a return of +16.1%, while the worst month was Jun 2026 at -15.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ION closed higher 49% 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% | -15.33% | -6.85% | -7.96% | |||||
| 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 -8.34%, beta of 1.06, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since December 01, 2022.
- This ETF participated in 168.29% 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
- -8.34%
- Beta
- 1.06
- R²
- 0.25
- Upside Capture
- 94.72%
- Downside Capture
- 168.29%
Expense Ratio
ION has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ION ranks 52 for risk / return — above 52% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return 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 | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.00 | -0.30 |
| Martin ratioReturn relative to average drawdown | 4.67 | 8.49 | -3.82 |
Dividends
Dividend History
Proshares S&P Global Core Battery Metals ETF provided a 1.61% dividend yield over the last twelve months, with an annual payout of $0.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.76 | $0.84 | $0.44 | $0.72 | $0.05 |
Dividend yield | 1.61% | 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 | $0.21 | $0.00 | $0.21 | |||||
| 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 30.57%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-52.08%Apr 2025 | 2y 2mo | 6mo 25d | 2y 9moFeb 2023 - Oct 2025 | 2025 selloff2025 |
-33.66%Jul 2026 | 2mo 14d | — | 2mo 28dMay 2026 - now | — |
-23.30%Mar 2026 | 1mo 21d | 28d | 2mo 19dJan 2026 - Apr 2026 | — |
-9.89%Jan 2023 | 29d | 9d | 1mo 8dDec 2022 - Jan 2023 | — |
-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 | -33.66% | -9.10% | -24.56% |
Max Drawdown (3Y)Largest decline over 3 years | -42.44% | -18.90% | -23.54% |
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 | -30.57% | -1.58% | -28.99% |
Average DrawdownAverage peak-to-trough decline | -23.76% | -10.70% | -13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.26% | 2.14% | +10.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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