LNGX vs. ION

Last updated Jun 3, 2026

LNGX (Global X U.S. Natural Gas ETF) and ION (Proshares S&P Global Core Battery Metals ETF) are both Energy Equities funds - LNGX tracks the Global X U.S. Natural Gas Index while ION tracks the S&P Global Core Battery Metals Index - Benchmark TR Net. Both are passively managed. At a correlation of -0.12, they often move in opposite directions. LNGX charges 0.45%/yr vs 0.58%/yr for ION.

Performance

LNGX vs. ION - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. Natural Gas ETF (LNGX) 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, LNGX achieves a 19.55% return, which is significantly higher than ION's 17.80% return.

LNGX

• 1D: 0.29%
• 1M: -6.07%
• YTD: 19.55%
• 6M: 16.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ION

• 1D: 1.13%
• 1M: -8.23%
• YTD: 17.80%
• 6M: 31.44%
• 1Y: 130.37%
• 3Y*: 20.20%
• 5Y*: —
• 10Y*: —

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

LNGX vs. ION - Yearly Performance Comparison

	2026 (YTD)	2025
LNGX Global X U.S. Natural Gas ETF	19.55%	5.97%
ION Proshares S&P Global Core Battery Metals ETF	17.80%	24.75%

Correlation

The correlation between LNGX and ION is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	-0.12

Return for Risk

LNGX vs. ION — Risk / Return Rank

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

ION

ION Risk / Return Rank: 86
ION Sharpe Ratio Rank: 93
ION Sortino Ratio Rank: 79
ION Omega Ratio Rank: 78
ION Calmar Ratio Rank: 90
ION Martin Ratio Rank: 89

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.

LNGX vs. ION - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Natural Gas ETF (LNGX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	LNGX	ION	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.03	0.42	+1.60

Drawdowns

LNGX vs. ION - Drawdown Comparison

The maximum LNGX drawdown since its inception was -14.31%, smaller than the maximum ION drawdown of -52.08%. Use the drawdown chart below to compare losses from any high point for LNGX and ION.

Drawdown Indicators

	LNGX	ION	Difference
Max Drawdown Largest peak-to-trough decline	-14.31%	-52.08%	+37.77%
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	-12.03%	-11.15%	-0.88%
Average Drawdown Average peak-to-trough decline	-4.32%	-23.71%	+19.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.53%	—

Volatility

Volatility by Period

	LNGX	ION	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.75%	37.75%	-13.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.75%	31.05%	-6.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.75%	31.05%	-6.30%

LNGX vs. ION - Expense Ratio Comparison

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

Dividends

LNGX vs. ION - Dividend Comparison

LNGX's dividend yield for the trailing twelve months is around 0.22%, less than ION's 1.35% yield.

Position	TTM	2025	2024	2023	2022
ION Proshares S&P Global Core Battery Metals ETF	1.35%	1.63%	1.74%	2.23%	0.13%
LNGX Global X U.S. Natural Gas ETF	0.22%	0.27%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LNGX and ION in my portfolio?

LNGX and ION have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LNGX or ION?

On fees, LNGX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LNGX or ION?

LNGX is cheaper with a 0.45% expense ratio, compared with 0.58% for ION.

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

ION has the higher dividend yield at 1.35%, compared with 0.22% for LNGX.

What is the main difference between LNGX and ION?

LNGX tracks Global X U.S. Natural Gas Index, while ION tracks S&P Global Core Battery Metals Index - Benchmark TR Net. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.45% for LNGX and 0.58% for ION.