ION vs. PBOG
ION (Proshares S&P Global Core Battery Metals ETF) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - ION is a Energy Equities fund tracking the S&P Global Core Battery Metals Index - Benchmark TR Net, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. Both are passively managed. At a correlation of -0.05, they often move in opposite directions. ION charges 0.58%/yr vs 0.13%/yr for PBOG.
Performance
ION vs. PBOG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ION achieves a 14.02% return, which is significantly lower than PBOG's 32.22% return.
ION
- 1D
- -3.20%
- 1M
- -9.27%
- YTD
- 14.02%
- 6M
- 27.44%
- 1Y
- 123.41%
- 3Y*
- 18.91%
- 5Y*
- —
- 10Y*
- —
PBOG
- 1D
- 1.23%
- 1M
- -2.32%
- YTD
- 32.22%
- 6M
- 29.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ION vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ION Proshares S&P Global Core Battery Metals ETF | 14.02% | 14.76% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 32.22% | 1.62% |
Correlation
The correlation between ION and PBOG is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | -0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ION vs. PBOG — Risk / Return Rank
ION
PBOG
ION vs. PBOG - 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 Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG). 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 | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.33 | — | — |
| Martin ratioReturn relative to average drawdown | 18.79 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ION | PBOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 3.31 | -2.92 |
Drawdowns
ION vs. PBOG - Drawdown Comparison
The maximum ION drawdown since its inception was -52.08%, which is greater than PBOG's maximum drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for ION and PBOG.
Loading charts...
Drawdown Indicators
| ION | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.08% | -11.45% | -40.63% |
Max Drawdown (1Y)Largest decline over 1 year | -23.30% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -46.47% | — | — |
Current DrawdownCurrent decline from peak | -13.99% | -6.81% | -7.18% |
Average DrawdownAverage peak-to-trough decline | -23.70% | -3.10% | -20.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.59% | — | — |
Volatility
ION vs. PBOG - Volatility Comparison
Loading charts...
Volatility by Period
| ION | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.06% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 29.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.92% | 23.67% | +14.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.08% | 23.67% | +7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.08% | 23.67% | +7.41% |
ION vs. PBOG - Expense Ratio Comparison
ION has a 0.58% expense ratio, which is higher than PBOG's 0.13% expense ratio.
Dividends
ION vs. PBOG - Dividend Comparison
ION's dividend yield for the trailing twelve months is around 1.40%, more than PBOG's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ION Proshares S&P Global Core Battery Metals ETF | 1.40% | 1.63% | 1.74% | 2.23% | 0.13% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.13% | 0.17% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ION and PBOG have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBOG is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBOG is cheaper with a 0.13% expense ratio, compared with 0.58% for ION.
ION has the higher dividend yield at 1.40%, compared with 0.13% for PBOG.
ION is categorized as Energy Equities, while PBOG is Oil & Gas. ION tracks S&P Global Core Battery Metals Index - Benchmark TR Net, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: ProShares and Portfolio Building Blocks. Their fees differ too: 0.58% for ION and 0.13% for PBOG.
Find the right allocation for ION and PBOG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer