ION vs. XLEI

Last updated Jun 4, 2026

ION (Proshares S&P Global Core Battery Metals ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds - ION tracks the S&P Global Core Battery Metals Index - Benchmark TR Net while XLEI tracks the S&P Energy Select Sector. Both are passively managed. At a correlation of -0.03, they often move in opposite directions. ION charges 0.58%/yr vs 0.35%/yr for XLEI.

Performance

ION vs. XLEI - 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 State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ION achieves a 14.02% return, which is significantly lower than XLEI's 20.42% return.

ION

• 1D: -3.20%
• 1M: -9.27%
• YTD: 14.02%
• 6M: 27.44%
• 1Y: 123.41%
• 3Y*: 18.91%
• 5Y*: —
• 10Y*: —

XLEI

• 1D: 1.05%
• 1M: 1.40%
• YTD: 20.42%
• 6M: 20.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ION vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
ION Proshares S&P Global Core Battery Metals ETF	14.02%	65.19%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.42%	6.77%

Correlation

The correlation between ION and XLEI is -0.03, 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 Jul 31, 2025	-0.03

ION vs. XLEI - Sectors Allocation Comparison

Sectors	ION	XLEI
Basic Materials	14.5%	-
Financial Services	13.0%	100.3%
Energy	2.4%	-
Real Estate	2.4%	-
Healthcare	1.7%	-
Industrials	1.6%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Technology	-	-
Utilities	-	-

Return for Risk

ION vs. XLEI — Risk / Return Rank

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

ION

ION Risk / Return Rank: 84
ION Sharpe Ratio Rank: 91
ION Sortino Ratio Rank: 76
ION Omega Ratio Rank: 75
ION Calmar Ratio Rank: 89
ION Martin Ratio Rank: 87

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. XLEI - 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 State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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	XLEI	Difference
Sharpe ratio: Return per unit of total volatility	3.27	—	—
Sortino ratio: Return per unit of downside risk	3.45	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	5.33	—	—
Martin ratio: Return 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.

Sharpe Ratios by Period

	ION	XLEI	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	2.65	-2.26

Drawdowns

ION vs. XLEI - Drawdown Comparison

The maximum ION drawdown since its inception was -52.08%, which is greater than XLEI's maximum drawdown of -7.98%. Use the drawdown chart below to compare losses from any high point for ION and XLEI.

Drawdown Indicators

	ION	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-52.08%	-7.98%	-44.10%
Max Drawdown (1Y) Largest decline over 1 year	-23.30%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-46.47%	—	—
Current Drawdown Current decline from peak	-13.99%	-0.97%	-13.02%
Average Drawdown Average peak-to-trough decline	-23.70%	-1.52%	-22.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.59%	—	—

Volatility

Volatility by Period

	ION	XLEI	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%	13.16%	+24.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.08%	13.16%	+17.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.08%	13.16%	+17.92%

ION vs. XLEI - Expense Ratio Comparison

ION has a 0.58% expense ratio, which is higher than XLEI's 0.35% expense ratio.

Dividends

ION vs. XLEI - Dividend Comparison

ION's dividend yield for the trailing twelve months is around 1.40%, less than XLEI's 16.59% 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%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.59%	10.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ION and XLEI in my portfolio?

ION and XLEI have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ION or XLEI?

On fees, XLEI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ION or XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.58% for ION.

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

XLEI has the higher dividend yield at 16.59%, compared with 1.40% for ION.

What is the main difference between ION and XLEI?

ION tracks S&P Global Core Battery Metals Index - Benchmark TR Net, while XLEI tracks S&P Energy Select Sector. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.58% for ION and 0.35% for XLEI.