ION vs. HYMC
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 HYMC (Hycroft Mining Holding Corporation) is a stock. Over the past 3 years, ION returned 13.08%/yr vs 99.37%/yr for HYMC. At a 0.41 correlation, their price movements are largely independent.
Performance
ION vs. HYMC - Performance Comparison
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Returns By Period
In the year-to-date period, ION achieves a -1.19% return, which is significantly higher than HYMC's -1.56% return.
ION
- 1D
- 1.88%
- 1M
- -15.33%
- YTD
- -1.19%
- 6M
- -1.36%
- 1Y
- 78.17%
- 3Y*
- 13.08%
- 5Y*
- —
- 10Y*
- —
HYMC
- 1D
- 0.09%
- 1M
- -29.20%
- YTD
- -1.56%
- 6M
- -0.34%
- 1Y
- 647.60%
- 3Y*
- 99.37%
- 5Y*
- -4.20%
- 10Y*
- —
ION vs. HYMC - 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% |
HYMC Hycroft Mining Holding Corporation | -1.56% | 975.57% | -9.80% | -53.96% | -26.13% |
Correlation
The correlation between ION and HYMC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2022 | 0.41 |
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Return for Risk
ION vs. HYMC — Risk / Return Rank
ION
HYMC
ION vs. HYMC - 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 Hycroft Mining Holding Corporation (HYMC). 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 | HYMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.50 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 10.70 | -7.78 |
| Martin ratioReturn relative to average drawdown | 9.15 | 26.26 | -17.10 |
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Drawdowns
ION vs. HYMC - Drawdown Comparison
The maximum ION drawdown since its inception was -52.08%, smaller than the maximum HYMC drawdown of -98.89%. Use the drawdown chart below to compare losses from any high point for ION and HYMC.
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Drawdown Indicators
| ION | HYMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.08% | -98.89% | +46.81% |
Max Drawdown (1Y)Largest decline over 1 year | -26.85% | -61.07% | +34.22% |
Max Drawdown (3Y)Largest decline over 3 years | -46.47% | -63.45% | +16.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -93.90% | — |
Current DrawdownCurrent decline from peak | -25.47% | -85.21% | +59.74% |
Average DrawdownAverage peak-to-trough decline | -23.60% | -63.47% | +39.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.57% | 24.84% | -16.27% |
Volatility
ION vs. HYMC - Volatility Comparison
The current volatility for Proshares S&P Global Core Battery Metals ETF (ION) is 13.79%, while Hycroft Mining Holding Corporation (HYMC) has a volatility of 26.56%. This indicates that ION experiences smaller price fluctuations and is considered to be less risky than HYMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ION | HYMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.79% | 26.56% | -12.77% |
Volatility (6M)Calculated over the trailing 6-month period | 32.01% | 86.12% | -54.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.57% | 118.45% | -78.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.57% | 152.82% | -121.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.57% | 122.79% | -91.22% |
Dividends
ION vs. HYMC - Dividend Comparison
ION's dividend yield for the trailing twelve months is around 1.50%, while HYMC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYMC Hycroft Mining Holding Corporation | 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 HYMC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYMC has higher volatility (26.56%) compared to ION (13.79%). In terms of maximum drawdown, ION dropped -52.08% vs HYMC's -98.89%.
HYMC currently has the higher Sharpe Ratio (5.52 vs 1.99), 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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