ProShares S&P Global Core Battery Metals ETF
$47.43−1.60 (−3.27%)
- Expense ratio
- 0.58%
- Fund size
- $12M
- 1Y return
- +38.5%
- Yield · Last 12 months
- 1.56%
- Holdings
- 55
- Volume · 30D
- 0M sh
- NAV per share
- $48.95
- 52W range
The ETF.net ION Grade
Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 69Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 66Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 21Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 46Category rank
Our read on ION
BMost battery funds hand you carmakers and cell assemblers. ION stays upstream: only the miners pulling lithium, nickel and cobalt out of the ground, weighted by how much of their revenue actually comes from those three metals.
ION invests globally in companies producing battery metals used in next-generation technologies. Its mandate focuses on lithium, nickel, and cobalt mining companies and the battery-driven demand supporting those metals.
Why people hold it
- Launched in 2022 as the first ETF built to hold only battery-metals miners. No EV brands or battery assemblers riding along in the basket.proshares.com
- The index ranks companies by the share of revenue they earn producing cobalt, lithium and nickel, so the purest miners carry the heaviest weights.spglobal.com
- A 0.58% expense ratio sits below the typical fee in the critical-materials aisle, and the fund distributes quarterly.proshares.com
- Global net: the eligible pool is S&P's worldwide market index, so miners listed outside the US compete for slots on equal footing.spglobal.com
Worth knowing
- Roughly 50 miners levered to three commodity prices. Purity cuts both ways: when lithium, nickel and cobalt move, there is little else in here to cushion it.proshares.com
- A small, thinly traded fund. Spreads can run wider than in the aisle's household names, which matters most on larger orders.
- Broader miner funds such as PICK spread across metals and mining generally and charge less. ION is the narrower, more concentrated cut of the theme.
ION Holdings
- Stocks
- 55
- 34%
- PACIFIC METALS CO LTD
Sectors
- Financials35.6%
- Materials30.9%
- Health Care13.2%
- Energy7.7%
- Real Estate7.7%
- Industrials4.8%
Geography
- China31.60%
- Australia15.34%
- South Africa10.54%
- Indonesia9.86%
- Japan5.97%
- Canada5.85%
- Brazil5.09%
- Chile2.94%
- 12.81%
Developed 38% · Emerging 62%
ION Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ION |
|---|---|
| Year to date | −4.7% |
| 1 month | −9.4% |
| 3 months | −12.2% |
| 1 year | +38.5% |
| 3 years | +16.1% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ION |
|---|---|---|
| 2026 YTD | −4.7% | |
| 2025 | +108.4% | |
| 2024 | −20.0% | |
| 2023 | −14.1% | |
| 2022 | −8.9% |
ION in the news
ETF.net Research hasn’t filed on ION yet — coverage lands here as it’s written.
ION Dividends
- 1.56%
- $0.76
- $0.21 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.21 |
| Dec 24, 2025 | Dec 31, 2025 | $0.34 |
| Sep 24, 2025 | Sep 30, 2025 | $0.22 |
| Jun 25, 2025 | Jul 1, 2025 | $0.27 |
| Mar 26, 2025 | Apr 1, 2025 | $0.02 |
| Dec 23, 2024 | Dec 31, 2024 | $0.07 |
| Sep 25, 2024 | Oct 2, 2024 | $0.16 |
| Jun 26, 2024 | Jul 3, 2024 | $0.19 |
| Mar 20, 2024 | Mar 27, 2024 | $0.03 |
| Dec 20, 2023 | Dec 28, 2023 | $0.15 |
| Sep 20, 2023 | Sep 27, 2023 | $0.31 |
| Jun 21, 2023 | Jun 28, 2023 | $0.25 |
ION Risk
- 31.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.54
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −52.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.30
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ION Cost
- The middle half of Critical Materials funds
- Median 0.65%
3 of the 13 Critical Materials funds charge less.