XPPE.DE vs. ION
XPPE.DE (Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities) and ION (Proshares S&P Global Core Battery Metals ETF) are both exchange-traded funds - XPPE.DE is a Precious Metals fund tracking the Platinum (EUR Hedged), while ION is a Lithium & Battery Metals fund tracking the S&P Global Core Battery Metals Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, XPPE.DE returned 15.93%/yr vs 11.41%/yr for ION. At a 0.38 correlation, their price movements are largely independent. XPPE.DE charges 0.73%/yr vs 0.58%/yr for ION.
Performance
XPPE.DE vs. ION - Performance Comparison
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Different Trading Currencies
XPPE.DE is traded in EUR, while ION is traded in USD. To make them comparable, the ION values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XPPE.DE achieves a -30.60% return, which is significantly lower than ION's 1.75% return.
XPPE.DE
- 1D
- 0.00%
- 1M
- -18.20%
- YTD
- -30.60%
- 6M
- -30.60%
- 1Y
- 13.84%
- 3Y*
- 15.93%
- 5Y*
- 4.05%
- 10Y*
- —
ION
- 1D
- 2.06%
- 1M
- -13.48%
- YTD
- 1.75%
- 6M
- 1.58%
- 1Y
- 84.05%
- 3Y*
- 11.41%
- 5Y*
- —
- 10Y*
- —
XPPE.DE vs. ION - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XPPE.DE Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities | -30.60% | 133.17% | -11.04% | -8.96% | 2.16% |
ION Proshares S&P Global Core Battery Metals ETF | 1.75% | 83.64% | -14.75% | -16.67% | -10.00% |
Correlation
The correlation between XPPE.DE and ION is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2022 | 0.38 |
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Return for Risk
XPPE.DE vs. ION — Risk / Return Rank
XPPE.DE
ION
XPPE.DE vs. ION - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.DE) 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.
| XPPE.DE | ION | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.33 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 3.41 | -3.11 |
| Martin ratioReturn relative to average drawdown | 0.67 | 10.90 | -10.23 |
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Drawdowns
XPPE.DE vs. ION - Drawdown Comparison
The maximum XPPE.DE drawdown since its inception was -45.47%, smaller than the maximum ION drawdown of -52.34%. Use the drawdown chart below to compare losses from any high point for XPPE.DE and ION.
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Drawdown Indicators
| XPPE.DE | ION | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.47% | -52.34% | +6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -45.47% | -24.79% | -20.68% |
Max Drawdown (3Y)Largest decline over 3 years | -45.47% | -45.14% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -45.47% | — | — |
Current DrawdownCurrent decline from peak | -45.47% | -23.24% | -22.23% |
Average DrawdownAverage peak-to-trough decline | -23.94% | -23.84% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.77% | 7.74% | +13.03% |
Volatility
XPPE.DE vs. ION - Volatility Comparison
The current volatility for Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities (XPPE.DE) is 11.45%, while Proshares S&P Global Core Battery Metals ETF (ION) has a volatility of 13.10%. This indicates that XPPE.DE experiences smaller price fluctuations and is considered to be less risky 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
| XPPE.DE | ION | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.45% | 13.10% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 40.73% | 30.45% | +10.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.22% | 38.25% | +8.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.13% | 30.06% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 30.06% | +2.37% |
XPPE.DE vs. ION - Expense Ratio Comparison
XPPE.DE has a 0.73% expense ratio, which is higher than ION's 0.58% expense ratio.
Dividends
XPPE.DE vs. ION - Dividend Comparison
XPPE.DE has not paid dividends to shareholders, while ION's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ION Proshares S&P Global Core Battery Metals ETF | 1.50% | 1.63% | 1.74% | 2.23% | 0.13% |
XPPE.DE Xtrackers IE Physical Platinum (EUR Hedged) ETC Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XPPE.DE and ION have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ION is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ION is cheaper with a 0.58% expense ratio, compared with 0.73% for XPPE.DE.
XPPE.DE is categorized as Precious Metals, while ION is Lithium & Battery Metals. XPPE.DE tracks Platinum (EUR Hedged), while ION tracks S&P Global Core Battery Metals Index - Benchmark TR Net. They also come from different issuers: Xtrackers and ProShares. Their fees differ too: 0.73% for XPPE.DE and 0.58% for ION.
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