ProShares S&P Global Core Battery Metals ETF
$43.18−0.71 (−1.62%)
- 0.58%
- $11M
- +14.6%
- 1.88%
- 0M sh
- $44.01
- low $38.77high $69.55
The ETF.net ION Grade
B
Score 56 out of 100
- 4 of 13
Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B69 out of 100Rank 4 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B67 out of 100Rank 4 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F22 out of 100Rank 12 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C47 out of 100Rank 7 of 13
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
- 53
- 33%
- Pacific Metals Co Ltd
Sectors
- Financials36.0%
- Materials31.8%
- Health Care12.4%
- Energy7.4%
- Real Estate6.9%
- Industrials5.6%
Geography
- China32.99%
- Australia13.90%
- Indonesia9.89%
- South Africa9.47%
- Canada6.07%
- Japan5.75%
- Brazil5.23%
- United Kingdom3.15%
- 13.56%
Developed 37% · Emerging 63%
ION Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
ION$11,456
Returns run to the Oct 12, 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 | −14.2% |
| 1 month | −11.9% |
| 3 months | −8.8% |
| 1 year | +14.6% |
| 3 years | +13.5% |
| 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 | −14.2% | |
| 2025 | +108.4% | |
| 2024 | −20.0% | |
| 2023 | −14.1% | |
| 2022 | −8.9% |
ION in the news
ION Dividends
- 1.88%
- $0.82
- $0.28 per share
- Quarterly
Distribution history
ION Risk
- 32.8%
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.
- 0.43
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
0.58%
ION0.58%
- The middle half of Critical Materials funds
- Median 0.65%
3 of the 13 Critical Materials funds charge less.
Other funds in Critical Materials
- BILITiShares Lithium Miners and Producers ETFExpense ratio 0.47%1 year return −1.9%
- BEARTGlobal X Rare Earth & Critical Materials ETFExpense ratio 0.59%1 year return —
- BSETMSprott Critical Materials ETFExpense ratio 0.65%1 year return +7.3%
- CEMETVanEck Copper and Green Metals ETFExpense ratio 0.62%1 year return —
- CWDIGWisdomTree Trust - WisdomTree Efficient Rare Earth Plus Strategic Metals FundExpense ratio 0.55%1 year return —