LITP vs. ION

Last updated Jun 24, 2026

LITP (Sprott Lithium Miners ETF) and ION (Proshares S&P Global Core Battery Metals ETF) are both Lithium & Battery Metals funds - LITP tracks the Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross while ION tracks the S&P Global Core Battery Metals Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, LITP returned -5.46%/yr vs 15.06%/yr for ION. Their correlation of 0.84 suggests significant overlap in exposure. LITP charges 0.65%/yr vs 0.58%/yr for ION.

Performance

LITP vs. ION - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Lithium Miners ETF (LITP) and Proshares S&P Global Core Battery Metals ETF (ION). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LITP achieves a 9.54% return, which is significantly higher than ION's 3.17% return.

LITP

• 1D: -3.44%
• 1M: -15.71%
• YTD: 9.54%
• 6M: 4.35%
• 1Y: 167.73%
• 3Y*: -5.46%
• 5Y*: —
• 10Y*: —

ION

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

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

LITP vs. ION - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LITP Sprott Lithium Miners ETF	9.54%	94.65%	-43.85%	-36.71%
ION Proshares S&P Global Core Battery Metals ETF	3.17%	108.37%	-20.02%	-26.70%

Correlation

The correlation between LITP and ION is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.84

The correlation between LITP and ION has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

LITP vs. ION - Sectors Allocation Comparison

Sectors	LITP	ION
Basic Materials	100.0%	14.1%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	2.5%
Financial Services	-	13.3%
Healthcare	-	1.9%
Industrials	-	1.7%
Real Estate	-	2.3%
Technology	-	-
Utilities	-	-

Return for Risk

LITP vs. ION — Risk / Return Rank

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

LITP

LITP Risk / Return Rank: 79
LITP Sharpe Ratio Rank: 89
LITP Sortino Ratio Rank: 72
LITP Omega Ratio Rank: 65
LITP Calmar Ratio Rank: 91
LITP Martin Ratio Rank: 80

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

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.

LITP vs. ION - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) and Proshares S&P Global Core Battery Metals ETF (ION). 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.

	LITP	ION	Difference
Sharpe ratio: Return per unit of total volatility	2.80	2.45	+0.35
Sortino ratio: Return per unit of downside risk	3.06	2.80	+0.26
Omega ratio: Gain probability vs. loss probability	1.37	1.36	+0.01
Calmar ratio: Return relative to maximum drawdown	5.42	4.16	+1.26
Martin ratio: Return relative to average drawdown	14.80	12.42	+2.37

LITP vs. ION - Sharpe Ratio Comparison

The current LITP Sharpe Ratio is 2.80, which is comparable to the ION Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of LITP and ION, 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

LITP vs. ION - Drawdown Comparison

The maximum LITP drawdown since its inception was -74.94%, which is greater than ION's maximum drawdown of -52.08%. Use the drawdown chart below to compare losses from any high point for LITP and ION.

Drawdown Indicators

	LITP	ION	Difference
Max Drawdown Largest peak-to-trough decline	-74.94%	-52.08%	-22.86%
Max Drawdown (1Y) Largest decline over 1 year	-31.12%	-23.30%	-7.82%
Max Drawdown (3Y) Largest decline over 3 years	-74.31%	-46.47%	-27.84%
Current Drawdown Current decline from peak	-27.35%	-22.18%	-5.17%
Average Drawdown Average peak-to-trough decline	-42.41%	-23.59%	-18.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.39%	7.79%	+3.60%

Volatility

LITP vs. ION - Volatility Comparison

Sprott Lithium Miners ETF (LITP) has a higher volatility of 17.50% compared to Proshares S&P Global Core Battery Metals ETF (ION) at 13.98%. This indicates that LITP's price experiences larger fluctuations and is considered to be riskier than ION based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LITP	ION	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.50%	13.98%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	42.23%	32.19%	+10.04%
Volatility (1Y) Calculated over the trailing 1-year period	60.23%	39.68%	+20.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.79%	31.59%	+16.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.79%	31.59%	+16.20%

LITP vs. ION - Expense Ratio Comparison

LITP has a 0.65% expense ratio, which is higher than ION's 0.58% expense ratio.

Dividends

LITP vs. ION - Dividend Comparison

LITP's dividend yield for the trailing twelve months is around 6.76%, more than ION's 1.55% yield.

Position	TTM	2025	2024	2023	2022
ION Proshares S&P Global Core Battery Metals ETF	1.55%	1.63%	1.74%	2.23%	0.13%
LITP Sprott Lithium Miners ETF	6.76%	7.41%	6.55%	2.80%	0.00%

Frequently Asked Questions

Can I hold both LITP and ION in my portfolio?

LITP and ION have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LITP or ION?

LITP has higher volatility (17.50%) compared to ION (13.98%). In terms of maximum drawdown, LITP dropped -74.94% vs ION's -52.08%.

Which ETF is better, LITP or ION?

On 3-year performance, ION leads with 15.06% vs -5.46% for LITP. On fees, ION is cheaper at 0.58% per year. On volatility, ION has been the lower-risk option at 13.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LITP or ION?

Over the 3-year period, ION has performed better with a 15.06% return vs -5.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LITP or ION?

ION is cheaper with a 0.58% expense ratio, compared with 0.65% for LITP.

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

LITP has the higher dividend yield at 6.76%, compared with 1.55% for ION.

What is the main difference between LITP and ION?

LITP tracks Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross, while ION tracks S&P Global Core Battery Metals Index - Benchmark TR Net. They also come from different issuers: Sprott and ProShares. Their fees differ too: 0.65% for LITP and 0.58% for ION.

Which has better risk-adjusted returns?

LITP currently has the higher Sharpe Ratio (2.80 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.