FTXN vs. ION
Compare and contrast key facts about First Trust Nasdaq Oil & Gas ETF (FTXN) and Proshares S&P Global Core Battery Metals ETF (ION).
FTXN and ION are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTXN is a passively managed fund by First Trust that tracks the performance of the Nasdaq U.S. Smart Oil & Gas Index. It was launched on Sep 20, 2016. ION is a passively managed fund by ProShares that tracks the performance of the S&P Global Core Battery Metals Index - Benchmark TR Net. It was launched on Nov 29, 2022. Both FTXN and ION are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FTXN vs. ION - Performance Comparison
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FTXN vs. ION - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FTXN First Trust Nasdaq Oil & Gas ETF | 34.14% | -0.17% | 4.06% | 4.91% | -5.10% |
ION Proshares S&P Global Core Battery Metals ETF | 10.74% | 108.37% | -20.02% | -14.10% | -8.86% |
Returns By Period
In the year-to-date period, FTXN achieves a 34.14% return, which is significantly higher than ION's 10.74% return.
FTXN
- 1D
- -3.32%
- 1M
- 5.47%
- YTD
- 34.14%
- 6M
- 31.92%
- 1Y
- 26.04%
- 3Y*
- 14.63%
- 5Y*
- 21.26%
- 10Y*
- —
ION
- 1D
- 1.14%
- 1M
- -10.68%
- YTD
- 10.74%
- 6M
- 47.40%
- 1Y
- 128.27%
- 3Y*
- 16.88%
- 5Y*
- —
- 10Y*
- —
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FTXN vs. ION - Expense Ratio Comparison
FTXN has a 0.60% expense ratio, which is higher than ION's 0.58% expense ratio.
Return for Risk
FTXN vs. ION — Risk / Return Rank
FTXN
ION
FTXN vs. ION - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) and Proshares S&P Global Core Battery Metals ETF (ION). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FTXN | ION | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 3.30 | -2.39 |
Sortino ratioReturn per unit of downside risk | 1.30 | 3.53 | -2.23 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.48 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 5.46 | -4.24 |
Martin ratioReturn relative to average drawdown | 3.11 | 20.91 | -17.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTXN | ION | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 3.30 | -2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.38 | -0.09 |
Correlation
The correlation between FTXN and ION is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FTXN vs. ION - Dividend Comparison
FTXN's dividend yield for the trailing twelve months is around 2.02%, more than ION's 1.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTXN First Trust Nasdaq Oil & Gas ETF | 2.02% | 2.83% | 2.51% | 3.41% | 2.26% | 1.04% | 1.76% | 2.72% | 2.16% | 1.78% | 0.20% |
ION Proshares S&P Global Core Battery Metals ETF | 1.44% | 1.63% | 1.74% | 2.23% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTXN vs. ION - Drawdown Comparison
The maximum FTXN drawdown since its inception was -73.49%, which is greater than ION's maximum drawdown of -52.08%. Use the drawdown chart below to compare losses from any high point for FTXN and ION.
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Drawdown Indicators
| FTXN | ION | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.49% | -52.08% | -21.41% |
Max Drawdown (1Y)Largest decline over 1 year | -21.61% | -23.30% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -29.97% | — | — |
Current DrawdownCurrent decline from peak | -6.37% | -12.05% | +5.68% |
Average DrawdownAverage peak-to-trough decline | -19.43% | -24.59% | +5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 6.09% | +2.40% |
Volatility
FTXN vs. ION - Volatility Comparison
The current volatility for First Trust Nasdaq Oil & Gas ETF (FTXN) is 6.67%, while Proshares S&P Global Core Battery Metals ETF (ION) has a volatility of 12.68%. This indicates that FTXN experiences smaller price fluctuations and is considered to be less risky than ION based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTXN | ION | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 12.68% | -6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.59% | 30.43% | -14.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.67% | 39.05% | -10.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.03% | 30.73% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.86% | 30.73% | +1.13% |