ION vs. AII.TO
ION (Proshares S&P Global Core Battery Metals ETF) is Lithium & Battery Metals fund tracking the S&P Global Core Battery Metals Index - Benchmark TR Net, while AII.TO (Almonty Industries Inc.) is a stock. Over the past 3 years, ION returned 13.08%/yr vs 189.68%/yr for AII.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
ION vs. AII.TO - Performance Comparison
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Different Trading Currencies
ION is traded in USD, while AII.TO is traded in CAD. To make them comparable, the AII.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ION achieves a -1.19% return, which is significantly lower than AII.TO's 87.33% return.
ION
- 1D
- 1.88%
- 1M
- -15.33%
- YTD
- -1.19%
- 6M
- -1.36%
- 1Y
- 78.17%
- 3Y*
- 13.08%
- 5Y*
- —
- 10Y*
- —
AII.TO
- 1D
- 2.26%
- 1M
- -16.76%
- YTD
- 87.33%
- 6M
- 86.46%
- 1Y
- 124.10%
- 3Y*
- 189.68%
- 5Y*
- 67.01%
- 10Y*
- 46.62%
ION vs. AII.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ION Proshares S&P Global Core Battery Metals ETF | -1.19% | 108.37% | -20.02% | -14.10% | -8.45% |
AII.TO Almonty Industries Inc. | 87.33% | 826.55% | 55.36% | -18.65% | -2.63% |
Correlation
The correlation between ION and AII.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2022 | 0.20 |
The correlation between ION and AII.TO shifts across timeframes, from 0.20 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ION vs. AII.TO — Risk / Return Rank
ION
AII.TO
ION vs. AII.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares S&P Global Core Battery Metals ETF (ION) and Almonty Industries Inc. (AII.TO). 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.
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 | AII.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.26 | +0.67 |
| Martin ratioReturn relative to average drawdown | 9.15 | 4.65 | +4.50 |
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Drawdowns
ION vs. AII.TO - Drawdown Comparison
The maximum ION drawdown since its inception was -52.08%, smaller than the maximum AII.TO drawdown of -85.01%. Use the drawdown chart below to compare losses from any high point for ION and AII.TO.
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Drawdown Indicators
| ION | AII.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.08% | -85.01% | +32.93% |
Max Drawdown (1Y)Largest decline over 1 year | -26.85% | -55.32% | +28.47% |
Max Drawdown (3Y)Largest decline over 3 years | -46.47% | -55.32% | +8.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.80% | — |
Current DrawdownCurrent decline from peak | -25.47% | -29.47% | +4.00% |
Average DrawdownAverage peak-to-trough decline | -23.60% | -40.58% | +16.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.57% | 26.78% | -18.21% |
Volatility
ION vs. AII.TO - Volatility Comparison
The current volatility for Proshares S&P Global Core Battery Metals ETF (ION) is 13.79%, while Almonty Industries Inc. (AII.TO) has a volatility of 31.27%. This indicates that ION experiences smaller price fluctuations and is considered to be less risky than AII.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ION | AII.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.79% | 31.27% | -17.48% |
Volatility (6M)Calculated over the trailing 6-month period | 32.01% | 67.66% | -35.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.57% | 99.43% | -59.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.57% | 75.37% | -43.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.57% | 75.68% | -44.11% |
Dividends
ION vs. AII.TO - Dividend Comparison
ION's dividend yield for the trailing twelve months is around 1.50%, while AII.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AII.TO Almonty Industries Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ION Proshares S&P Global Core Battery Metals ETF | 1.50% | 1.63% | 1.74% | 2.23% | 0.13% |
Frequently Asked Questions
ION and AII.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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