NIKL vs. ION
Compare and contrast key facts about Sprott Nickel Miners ETF (NIKL) and Proshares S&P Global Core Battery Metals ETF (ION).
NIKL and ION are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NIKL is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross. It was launched on Mar 21, 2023. 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. Both NIKL and ION 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
NIKL vs. ION - Performance Comparison
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NIKL vs. ION - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NIKL Sprott Nickel Miners ETF | 4.61% | 52.05% | -22.48% | -17.88% |
ION Proshares S&P Global Core Battery Metals ETF | 10.74% | 108.37% | -20.02% | -8.64% |
Returns By Period
In the year-to-date period, NIKL achieves a 4.61% return, which is significantly lower than ION's 10.74% return.
NIKL
- 1D
- 2.78%
- 1M
- -15.83%
- YTD
- 4.61%
- 6M
- 12.89%
- 1Y
- 90.01%
- 3Y*
- -1.58%
- 5Y*
- —
- 10Y*
- —
ION
- 1D
- 1.14%
- 1M
- -10.68%
- YTD
- 10.74%
- 6M
- 47.40%
- 1Y
- 128.27%
- 3Y*
- 16.88%
- 5Y*
- —
- 10Y*
- —
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NIKL vs. ION - Expense Ratio Comparison
NIKL has a 0.75% expense ratio, which is higher than ION's 0.58% expense ratio.
Return for Risk
NIKL vs. ION — Risk / Return Rank
NIKL
ION
NIKL vs. ION - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Nickel Miners ETF (NIKL) 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.
| NIKL | ION | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 3.30 | -1.12 |
Sortino ratioReturn per unit of downside risk | 2.72 | 3.53 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.48 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.03 | 5.46 | -2.44 |
Martin ratioReturn relative to average drawdown | 9.50 | 20.91 | -11.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NIKL | ION | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 3.30 | -1.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.38 | -0.37 |
Correlation
The correlation between NIKL and ION is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NIKL vs. ION - Dividend Comparison
NIKL's dividend yield for the trailing twelve months is around 2.42%, more than ION's 1.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NIKL Sprott Nickel Miners ETF | 2.42% | 2.53% | 3.49% | 19.52% | 0.00% |
ION Proshares S&P Global Core Battery Metals ETF | 1.44% | 1.63% | 1.74% | 2.23% | 0.13% |
Drawdowns
NIKL vs. ION - Drawdown Comparison
The maximum NIKL drawdown since its inception was -60.23%, which is greater than ION's maximum drawdown of -52.08%. Use the drawdown chart below to compare losses from any high point for NIKL and ION.
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Drawdown Indicators
| NIKL | ION | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.23% | -52.08% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -29.33% | -23.30% | -6.03% |
Current DrawdownCurrent decline from peak | -20.08% | -12.05% | -8.03% |
Average DrawdownAverage peak-to-trough decline | -27.00% | -24.59% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.35% | 6.09% | +3.26% |
Volatility
NIKL vs. ION - Volatility Comparison
Sprott Nickel Miners ETF (NIKL) has a higher volatility of 16.87% compared to Proshares S&P Global Core Battery Metals ETF (ION) at 12.68%. This indicates that NIKL'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.
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Volatility by Period
| NIKL | ION | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.87% | 12.68% | +4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 33.15% | 30.43% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.35% | 39.05% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.74% | 30.73% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.74% | 30.73% | +1.01% |