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Launched

ProShares S&P Global Core Battery Metals ETF

IONNYSE ArcaProSharesC

$38.03+0.42 (+1.11%)

As of Nov 2, 2026, 1:23 PM ET

C53/ 100

Rank 5 of 13 in Critical Materials

C53/100Rank 5 of 13inCritical Materials
Intraday session: up, 42 prints from 37.62 to 38.03. Range 37.62 to 38.16. Use the arrow keys to read each point.37.7037.8037.9038.1010 AM12 PM2 PM4 PM
Expense ratio
0.58%
Fund size
$9M
1Y total return
−9.8%
Yield · Last 12 months
2.20%
Holdings
53
Avg volume · 30D
1.83K sh
52W range
low $37.51high $69.55
Launched

The ETF.net ION Grade

Based on 4 of 6 pillars

C

Score 53 out of 100

Category
Critical Materials⁠
Rank
5 of 13
Six-pillar profile for ION. Scores out of 100: Cost 69, Risk 63, Mission not scored, Tradability 16, Holdings not scored, Durability 46. Strongest: Cost (69). Weakest: Tradability (16). Based on 4 of 6 pillars.

Score 53 of 100 falls in the C 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 100
    Rank 4 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B63 out of 100
    Rank 4 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F16 out of 100
    Rank 13 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C46 out of 100
    Rank 8 of 13

Our read on ION

ETF.net Research

In short

CMost 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.

Stated mandate

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 Performance

Launched Nov 29, 2022

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$9,022
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ION $9,022. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for ION. Periods over one year show the average yearly return.
PeriodION
Year to date−26.7%
1 month−17.6%
3 months−20.4%
1 year−9.8%
3 yearsper year+11.0%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ION
YearReturn barION
2026 YTD−26.7%
2025+108.4%
2024−20.0%
2023−14.1%
2022−8.9%

History from Dec 1, 2022

ION in the news

ION Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.20%Last 12 months
Payout per share
$0.82Last 12 months
Last payment
$0.28 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 14 payments from 2022 to 2026 YTD. Dec 22, 2022 $0.05; Jun 21, 2023 $0.25; Sep 20, 2023 $0.31; Dec 20, 2023 $0.15; Mar 20, 2024 $0.03; Jun 26, 2024 $0.19; Sep 25, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.02; Jun 25, 2025 $0.27; Sep 24, 2025 $0.22; Dec 24, 2025 $0.34; Jun 24, 2026 $0.21; Sep 23, 2026 $0.28. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.28
Jun 24, 2026Jun 30, 2026$0.21
Dec 24, 2025Dec 31, 2025$0.34
Sep 24, 2025Sep 30, 2025$0.22
Jun 25, 2025Jul 1, 2025$0.27
Mar 26, 2025Apr 1, 2025$0.02
Dec 23, 2024Dec 31, 2024$0.07
Sep 25, 2024Oct 2, 2024$0.16
Jun 26, 2024Jul 3, 2024$0.19
Mar 20, 2024Mar 27, 2024$0.03
Dec 20, 2023Dec 28, 2023$0.15
Sep 20, 2023Sep 27, 2023$0.31

See all 14 payments⁠

$10,000 in ION 3 years ago paid $644 in dividends.⁠

ION Risk

Risk pillarB63 out of 100Rank 4 of 13 in Critical Materials
How much the fund’s monthly returns vary, scaled to a year.
33.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.34
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−52.1%
46 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
1.30
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ION Cost

Compare ION and ILIT

Overpaying vs ILIT, cheapest in Critical Materials

$2,035

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ION 0.58%

    $11,453

  • ILIT 0.47% Cheapest

    $9,418

$10,000
30 years

Cost over time

  • ION 0.58%
  • ILIT 0.47%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530ION $11,453ILIT $9,418

Year by year

YearIONILITOverpaying
10$1,041$847$194
20$3,986$3,261$725
30$11,453$9,418$2,035

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