ION vs. HOOD
ION (Proshares S&P Global Core Battery Metals ETF) is Energy Equities fund tracking the S&P Global Core Battery Metals Index - Benchmark TR Net, while HOOD (Robinhood Markets, Inc.) is a stock. Over the past 3 years, ION returned 18.91%/yr vs 107.01%/yr for HOOD. At a 0.35 correlation, their price movements are largely independent.
Performance
ION vs. HOOD - Performance Comparison
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Returns By Period
In the year-to-date period, ION achieves a 14.02% return, which is significantly higher than HOOD's -26.75% return.
ION
- 1D
- -3.20%
- 1M
- -9.27%
- YTD
- 14.02%
- 6M
- 27.44%
- 1Y
- 123.41%
- 3Y*
- 18.91%
- 5Y*
- —
- 10Y*
- —
HOOD
- 1D
- -6.02%
- 1M
- 8.23%
- YTD
- -26.75%
- 6M
- -38.01%
- 1Y
- 15.52%
- 3Y*
- 107.01%
- 5Y*
- —
- 10Y*
- —
ION vs. HOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ION Proshares S&P Global Core Battery Metals ETF | 14.02% | 108.37% | -20.02% | -14.10% | -8.86% |
HOOD Robinhood Markets, Inc. | -26.75% | 203.54% | 192.46% | 56.51% | -17.53% |
Correlation
The correlation between ION and HOOD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2022 | 0.35 |
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Return for Risk
ION vs. HOOD — Risk / Return Rank
ION
HOOD
ION vs. HOOD - 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 Robinhood Markets, Inc. (HOOD). 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.
| ION | HOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.10 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 5.33 | 0.27 | +5.06 |
| Martin ratioReturn relative to average drawdown | 18.79 | 0.50 | +18.29 |
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
| ION | HOOD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.27 | 0.23 | +3.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.27 | +0.12 |
Drawdowns
ION vs. HOOD - Drawdown Comparison
The maximum ION drawdown since its inception was -52.08%, smaller than the maximum HOOD drawdown of -90.21%. Use the drawdown chart below to compare losses from any high point for ION and HOOD.
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Drawdown Indicators
| ION | HOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.08% | -90.21% | +38.13% |
Max Drawdown (1Y)Largest decline over 1 year | -23.30% | -57.26% | +33.96% |
Max Drawdown (3Y)Largest decline over 3 years | -46.47% | -57.26% | +10.79% |
Current DrawdownCurrent decline from peak | -13.99% | -45.66% | +31.67% |
Average DrawdownAverage peak-to-trough decline | -23.70% | -60.99% | +37.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.59% | 30.88% | -24.29% |
Volatility
ION vs. HOOD - Volatility Comparison
The current volatility for Proshares S&P Global Core Battery Metals ETF (ION) is 12.06%, while Robinhood Markets, Inc. (HOOD) has a volatility of 21.14%. This indicates that ION experiences smaller price fluctuations and is considered to be less risky than HOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ION | HOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.06% | 21.14% | -9.08% |
Volatility (6M)Calculated over the trailing 6-month period | 29.90% | 50.03% | -20.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.92% | 68.61% | -30.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.08% | 73.99% | -42.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.08% | 73.99% | -42.91% |
Dividends
ION vs. HOOD - Dividend Comparison
ION's dividend yield for the trailing twelve months is around 1.40%, while HOOD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HOOD Robinhood Markets, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ION Proshares S&P Global Core Battery Metals ETF | 1.40% | 1.63% | 1.74% | 2.23% | 0.13% |
Frequently Asked Questions
ION and HOOD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOOD has higher volatility (21.14%) compared to ION (12.06%). In terms of maximum drawdown, ION dropped -52.08% vs HOOD's -90.21%.
ION currently has the higher Sharpe Ratio (3.27 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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