XRH0.L vs. ION
XRH0.L (Xtrackers Physical Rhodium ETC) and ION (Proshares S&P Global Core Battery Metals ETF) are both exchange-traded funds - XRH0.L is a Metals fund tracking the Rhodium, 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, XRH0.L returned 18.05%/yr vs 13.08%/yr for ION. At a 0.08 correlation, their price movements are largely independent. XRH0.L charges 0.95%/yr vs 0.58%/yr for ION.
Performance
XRH0.L vs. ION - Performance Comparison
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Returns By Period
In the year-to-date period, XRH0.L achieves a -28.17% return, which is significantly lower than ION's -1.19% return.
XRH0.L
- 1D
- 1.54%
- 1M
- -10.60%
- YTD
- -28.17%
- 6M
- -23.84%
- 1Y
- 40.60%
- 3Y*
- 18.05%
- 5Y*
- -15.19%
- 10Y*
- 27.32%
ION
- 1D
- 1.88%
- 1M
- -15.33%
- YTD
- -1.19%
- 6M
- -1.36%
- 1Y
- 78.17%
- 3Y*
- 13.08%
- 5Y*
- —
- 10Y*
- —
XRH0.L vs. ION - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XRH0.L Xtrackers Physical Rhodium ETC | -28.17% | 205.23% | -14.69% | -60.81% | -3.23% |
ION Proshares S&P Global Core Battery Metals ETF | -1.19% | 108.37% | -20.02% | -14.10% | -8.45% |
Correlation
The correlation between XRH0.L and ION is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2022 | 0.08 |
The correlation between XRH0.L and ION shifts across timeframes, from 0.08 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XRH0.L vs. ION — Risk / Return Rank
XRH0.L
ION
XRH0.L vs. ION - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Rhodium ETC (XRH0.L) 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.
| XRH0.L | ION | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.93 | -1.92 |
| Martin ratioReturn relative to average drawdown | 1.91 | 9.15 | -7.25 |
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Drawdowns
XRH0.L vs. ION - Drawdown Comparison
The maximum XRH0.L drawdown since its inception was -85.90%, which is greater than ION's maximum drawdown of -52.08%. Use the drawdown chart below to compare losses from any high point for XRH0.L and ION.
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Drawdown Indicators
| XRH0.L | ION | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.90% | -52.08% | -33.82% |
Max Drawdown (1Y)Largest decline over 1 year | -40.30% | -26.85% | -13.45% |
Max Drawdown (3Y)Largest decline over 3 years | -46.87% | -46.47% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -81.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -85.90% | — | — |
Current DrawdownCurrent decline from peak | -67.56% | -25.47% | -42.09% |
Average DrawdownAverage peak-to-trough decline | -50.59% | -23.60% | -26.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.21% | 8.57% | +12.64% |
Volatility
XRH0.L vs. ION - Volatility Comparison
Xtrackers Physical Rhodium ETC (XRH0.L) has a higher volatility of 28.09% compared to Proshares S&P Global Core Battery Metals ETF (ION) at 13.79%. This indicates that XRH0.L'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
| XRH0.L | ION | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.09% | 13.79% | +14.30% |
Volatility (6M)Calculated over the trailing 6-month period | 70.45% | 32.01% | +38.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.78% | 39.57% | +50.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.02% | 31.57% | +37.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.84% | 31.57% | +35.27% |
XRH0.L vs. ION - Expense Ratio Comparison
XRH0.L has a 0.95% expense ratio, which is higher than ION's 0.58% expense ratio.
Dividends
XRH0.L vs. ION - Dividend Comparison
XRH0.L 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% |
XRH0.L Xtrackers Physical Rhodium ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XRH0.L and ION have a correlation of 0.18, 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 0.95% for XRH0.L.
XRH0.L is categorized as Metals, while ION is Lithium & Battery Metals. XRH0.L tracks Rhodium, 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: 0.95% for XRH0.L and 0.58% for ION.
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