ION vs. IBID

Last updated Jun 24, 2026

ION (Proshares S&P Global Core Battery Metals ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - ION is a Lithium & Battery Metals fund tracking the S&P Global Core Battery Metals Index - Benchmark TR Net, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, ION returned 96.49% vs 3.92% for IBID. At a 0.03 correlation, their price movements are largely independent. ION charges 0.58%/yr vs 0.10%/yr for IBID.

Performance

ION vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares S&P Global Core Battery Metals ETF (ION) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ION achieves a 3.17% return, which is significantly higher than IBID's 1.94% return.

ION

• 1D: -4.93%
• 1M: -11.41%
• YTD: 3.17%
• 6M: 1.52%
• 1Y: 96.49%
• 3Y*: 15.06%
• 5Y*: —
• 10Y*: —

IBID

• 1D: -0.05%
• 1M: -0.25%
• YTD: 1.94%
• 6M: 2.03%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ION vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ION Proshares S&P Global Core Battery Metals ETF	3.17%	108.37%	-20.02%	-5.39%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.94%	5.66%	4.71%	2.61%

Correlation

The correlation between ION and IBID is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.03

The correlation between ION and IBID shifts across timeframes, from -0.10 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ION vs. IBID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ION

ION Risk / Return Rank: 73
ION Sharpe Ratio Rank: 82
ION Sortino Ratio Rank: 65
ION Omega Ratio Rank: 63
ION Calmar Ratio Rank: 82
ION Martin Ratio Rank: 71

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 94
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 95
IBID Calmar Ratio Rank: 95
IBID Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ION vs. IBID - 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 iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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	IBID	Difference
Sharpe ratio: Return per unit of total volatility	2.45	3.19	-0.74
Sortino ratio: Return per unit of downside risk	2.80	5.38	-2.58
Omega ratio: Gain probability vs. loss probability	1.36	1.72	-0.36
Calmar ratio: Return relative to maximum drawdown	4.16	7.20	-3.04
Martin ratio: Return relative to average drawdown	12.42	29.14	-16.72

ION vs. IBID - Sharpe Ratio Comparison

The current ION Sharpe Ratio is 2.45, which is comparable to the IBID Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of ION and IBID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ION vs. IBID - Drawdown Comparison

The maximum ION drawdown since its inception was -52.08%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for ION and IBID.

Drawdown Indicators

	ION	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-52.08%	-1.28%	-50.80%
Max Drawdown (1Y) Largest decline over 1 year	-23.30%	-0.55%	-22.75%
Max Drawdown (3Y) Largest decline over 3 years	-46.47%	—	—
Current Drawdown Current decline from peak	-22.18%	-0.55%	-21.63%
Average Drawdown Average peak-to-trough decline	-23.59%	-0.22%	-23.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.79%	0.13%	+7.66%

Volatility

ION vs. IBID - Volatility Comparison

Proshares S&P Global Core Battery Metals ETF (ION) has a higher volatility of 13.98% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that ION's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ION	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.98%	0.35%	+13.63%
Volatility (6M) Calculated over the trailing 6-month period	32.19%	0.86%	+31.33%
Volatility (1Y) Calculated over the trailing 1-year period	39.68%	1.23%	+38.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.59%	2.24%	+29.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.59%	2.24%	+29.35%

ION vs. IBID - Expense Ratio Comparison

ION has a 0.58% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

ION vs. IBID - Dividend Comparison

ION's dividend yield for the trailing twelve months is around 1.55%, less than IBID's 3.68% yield.

Position	TTM	2025	2024	2023	2022
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%	0.00%
ION Proshares S&P Global Core Battery Metals ETF	1.55%	1.63%	1.74%	2.23%	0.13%

Frequently Asked Questions

Can I hold both ION and IBID in my portfolio?

ION and IBID have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ION or IBID?

ION has higher volatility (13.98%) compared to IBID (0.35%). In terms of maximum drawdown, ION dropped -52.08% vs IBID's -1.28%.

Which ETF is better, ION or IBID?

On 1-year performance, ION leads with 96.49% vs 3.92% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ION or IBID?

Over the 1-year period, ION has performed better with a 96.49% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ION or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.58% for ION.

Which ETF pays a higher dividend yield, ION or IBID?

IBID has the higher dividend yield at 3.68%, compared with 1.55% for ION.

What is the main difference between ION and IBID?

ION is categorized as Lithium & Battery Metals, while IBID is Inflation-Protected Bonds. ION tracks S&P Global Core Battery Metals Index - Benchmark TR Net, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.58% for ION and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.19 vs 2.45), 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.