ION vs. IVVD
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 IVVD (Invivyd Inc.) is a stock. Over the past 3 years, ION returned 7.83%/yr vs -22.28%/yr for IVVD. At a 0.19 correlation, their price movements are largely independent.
Performance
ION vs. IVVD - Performance Comparison
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Returns By Period
In the year-to-date period, ION achieves a -12.05% return, which is significantly higher than IVVD's -72.26% return.
ION
- 1D
- -2.66%
- 1M
- -19.28%
- 6M
- -23.00%
- YTD
- -12.05%
- 1Y
- 45.93%
- 3Y*
- 7.83%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.98%
IVVD
- 1D
- -7.70%
- 1M
- -29.34%
- 6M
- -72.03%
- YTD
- -72.26%
- 1Y
- -8.32%
- 3Y*
- -22.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -49.89%
ION vs. IVVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ION Proshares S&P Global Core Battery Metals ETF | -12.05% | 108.37% | -20.02% | -14.10% | -8.45% |
IVVD Invivyd Inc. | -72.26% | 457.44% | -88.75% | 162.67% | -33.63% |
Correlation
The correlation between ION and IVVD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2022 | 0.19 |
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Return for Risk
ION vs. IVVD — Risk / Return Rank
ION
IVVD
ION vs. IVVD - 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 Invivyd Inc. (IVVD). 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 | IVVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.11 | +1.48 |
| Martin ratioReturn relative to average drawdown | 4.26 | -0.21 | +4.47 |
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Drawdowns
ION vs. IVVD - Drawdown Comparison
The maximum ION drawdown since its inception was -52.08%, smaller than the maximum IVVD drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for ION and IVVD.
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Drawdown Indicators
| ION | IVVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.08% | -99.36% | +47.28% |
Max Drawdown (1Y)Largest decline over 1 year | -33.66% | -76.20% | +42.54% |
Max Drawdown (3Y)Largest decline over 3 years | -45.11% | -92.90% | +47.79% |
Current DrawdownCurrent decline from peak | -33.66% | -98.78% | +65.12% |
Average DrawdownAverage peak-to-trough decline | -23.68% | -91.23% | +67.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.81% | 39.32% | -28.51% |
Volatility
ION vs. IVVD - Volatility Comparison
The current volatility for Proshares S&P Global Core Battery Metals ETF (ION) is 9.58%, while Invivyd Inc. (IVVD) has a volatility of 26.34%. This indicates that ION experiences smaller price fluctuations and is considered to be less risky than IVVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ION | IVVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | 26.34% | -16.76% |
Volatility (6M)Calculated over the trailing 6-month period | 31.29% | 67.52% | -36.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.13% | 141.88% | -101.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.64% | 177.45% | -145.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.64% | 177.45% | -145.81% |
Dividends
ION vs. IVVD - Dividend Comparison
ION's dividend yield for the trailing twelve months is around 1.69%, while IVVD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ION Proshares S&P Global Core Battery Metals ETF | 1.69% | 1.63% | 1.74% | 2.23% | 0.13% |
IVVD Invivyd Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ION and IVVD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVD has higher volatility (26.34%) compared to ION (9.58%). In terms of maximum drawdown, ION dropped -52.08% vs IVVD's -99.36%.
ION currently has the higher Sharpe Ratio (1.15 vs -0.06), 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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