ION vs. LNGX

Last updated Apr 1, 2026

Compare and contrast key facts about Proshares S&P Global Core Battery Metals ETF (ION) and Global X U.S. Natural Gas ETF (LNGX).

ION and LNGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ION is a passively managed fund by ProShares that tracks the performance of the S&P Global Core Battery Metals Index - Benchmark TR Net. It was launched on Nov 29, 2022. LNGX is a passively managed fund by Global X that tracks the performance of the Global X U.S. Natural Gas Index. It was launched on Oct 28, 2025. Both ION and LNGX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ION vs. LNGX - 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 Global X U.S. Natural Gas ETF (LNGX). The values are adjusted to include any dividend payments, if applicable.

ION vs. LNGX - Yearly Performance Comparison

	2026 (YTD)	2025
ION Proshares S&P Global Core Battery Metals ETF	9.49%	24.75%
LNGX Global X U.S. Natural Gas ETF	30.75%	5.97%

Returns By Period

In the year-to-date period, ION achieves a 9.49% return, which is significantly lower than LNGX's 30.75% return.

ION

• 1D: 2.98%
• 1M: -12.58%
• YTD: 9.49%
• 6M: 46.23%
• 1Y: 124.76%
• 3Y*: 16.44%
• 5Y*: —
• 10Y*: —

LNGX

• 1D: -2.40%
• 1M: 11.06%
• YTD: 30.75%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ION vs. LNGX - Expense Ratio Comparison

ION has a 0.58% expense ratio, which is higher than LNGX's 0.45% expense ratio.

ION

Proshares S&P Global Core Battery Metals ETF

LNGX

Global X U.S. Natural Gas ETF

Return for Risk

ION vs. LNGX — Risk / Return Rank

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

ION

ION Risk / Return Rank: 97
ION Sharpe Ratio Rank: 98
ION Sortino Ratio Rank: 97
ION Omega Ratio Rank: 95
ION Calmar Ratio Rank: 97
ION Martin Ratio Rank: 97

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. LNGX - 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 Global X U.S. Natural Gas ETF (LNGX). 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	LNGX	Difference
Sharpe ratio Return per unit of total volatility	3.21	—	—
Sortino ratio Return per unit of downside risk	3.47	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	5.26	—	—
Martin ratio Return relative to average drawdown	20.19	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ION	LNGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	5.34	-4.97

Correlation

The correlation between ION and LNGX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ION vs. LNGX - Dividend Comparison

ION's dividend yield for the trailing twelve months is around 1.46%, more than LNGX's 0.20% yield.

	TTM	2025	2024	2023	2022
ION Proshares S&P Global Core Battery Metals ETF	1.46%	1.63%	1.74%	2.23%	0.13%
LNGX Global X U.S. Natural Gas ETF	0.20%	0.27%	0.00%	0.00%	0.00%

Drawdowns

ION vs. LNGX - Drawdown Comparison

The maximum ION drawdown since its inception was -52.08%, which is greater than LNGX's maximum drawdown of -8.71%. Use the drawdown chart below to compare losses from any high point for ION and LNGX.

Drawdown Indicators

	ION	LNGX	Difference
Max Drawdown Largest peak-to-trough decline	-52.08%	-8.71%	-43.37%
Max Drawdown (1Y) Largest decline over 1 year	-23.30%	—	—
Current Drawdown Current decline from peak	-13.04%	-3.79%	-9.25%
Average Drawdown Average peak-to-trough decline	-24.61%	-2.22%	-22.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.07%	—	—

Volatility

Volatility by Period

	ION	LNGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.07%	22.63%	+16.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.74%	22.63%	+8.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.74%	22.63%	+8.11%