Proshares S&P Global Core Battery Metals ETF (ION) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ION. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ION
ION charges 0.58% annually. There are 27 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity MSCI Energy Index ETF | 0.08% | 2.03B | Oct 2013 | ION vs FENY | |
| State Street Energy Select Sector SPDR ETF | 0.08% | 38.95B | Dec 1998 | ION vs XLE | |
| Vanguard Energy ETF | 0.09% | 12.70B | Sep 2004 | ION vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 11.66M | Nov 2025 | ION vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | ION vs GXPE |
Best Risk-Adjusted Alternatives to ION
ION has a PortfoliosLab risk / return rank of 84. There are 12 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 93 | 171.68M | Aug 2015 | ION vs CRAK | |
| VanEck Natural Resources ETF | 89 | 334.74M | Aug 2008 | ION vs HAP | |
| Tema Electrification ETF | 89 | 693.48M | Dec 2024 | ION vs VOLT | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 89 | 578.84M | Jun 2006 | ION vs XES | |
| American Beacon GLG Natural Resources ETF | 89 | 287.08M | Feb 2024 | ION vs MGNR |
Top Performing ION Alternatives (YTD)
ION is at 14.02% YTD. There are 55 ETFs in the Energy Equities category with higher YTD returns, going as high as 51.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Vectors Oil Services ETF | 51.43% | 2.37B | Dec 2011 | ION vs OIH | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 50.69% | 578.84M | Jun 2006 | ION vs XES | |
| iShares U.S. Oil Equipment & Services ETF | 47.84% | 636.98M | May 2006 | ION vs IEZ | |
| Invesco Dynamic Oil & Gas Services ETF | 46.18% | 128.85M | Oct 2005 | ION vs PXJ | |
| WEBs Energy XLE Defined Volatility ETF | 44.98% | — | Jul 2025 | ION vs DVXE |
Lowest Volatility Alternatives to ION
ION has 37.92% 1-year volatility. There are 60 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 9.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ClearBridge Sustainable Infrastructure ETF | 9.00% | 12.46M | Dec 2022 | ION vs INFR | |
| Macquarie Global Listed Infrastructure ETF | 10.78% | 6.30M | Nov 2023 | ION vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.17% | 523.56M | Nov 2022 | ION vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.59% | 1.08B | Nov 2022 | ION vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | 12.12% | 152.76M | Apr 2024 | ION vs MDST |
Lowest Drawdown Alternatives to ION
ION has a 1-year max drawdown of -23.30%. There are 49 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -4.12%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -4.12% | 523.56M | Nov 2022 | ION vs EIPX | |
| iShares North American Natural Resources ETF | -5.54% | 803.30M | Oct 2001 | ION vs IGE | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | ION vs BILD | |
| TrueShares Eagle Global Renewable Energy Income ET... | -6.06% | 7.72M | Dec 2022 | ION vs RNWZ | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.08B | Nov 2022 | ION vs BKGI |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 8 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 71 | 64.46% | 39.77B | Feb 2010 | ION vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -26.37% | 1.70B | Oct 2021 | ION vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 69 | 42.06% | 14.46B | Jun 2006 | ION vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 62 | 27.90% | 5.55B | Jun 2009 | ION vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 62 | 19.37% | 8.38B | Jun 2006 | ION vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 22 | 3.51% | 11.07B | Oct 2013 | ION vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 90 | 114.00% | 3.05B | Jan 2007 | ION vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities | 0 | -45.27% | 2.23B | Feb 2010 | ION vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -19.06% | 398.99M | Oct 2011 | ION vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -52.92% | 446.55M | Apr 2024 | ION vs BITU |
Often Compared With ION
Investors most often compare ION with LIT, IBAT, COPX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare ION with Any Fund or Stock
Compare ION with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ION with funds that move differently
Proshares S&P Global Core Battery Metals ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ION.
Explore ION Diversifiers