ION
ProShares S&P Global Core Battery Metals ETF
ION tracks an index of companies from around the world that are engaged in the mining of base metals used to produce batteries.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 10.0 M
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
| Inception date | Nov 29, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| PACIFIC METALS CO LTD | 5.0 % |
| INDEPENDENCE GROUP NL | 3.9 % |
| TIMAH TBK PT | 3.5 % |
| INTERNATIONAL NICKEL INDONES | 3.4 % |
| SIGMA LITHIUM CORPORATION | 3.2 % |
| ERAMET | 3.0 % |
| PILBARA MINERALS LIMITED | 3.0 % |
| QUIMICA Y MINERA CHIL-SP ADR | 2.9 % |
| TIBET MINERAL DEVELOPMENT CO. LTD. CLASS | 2.8 % |
| AFRICAN RAINBOW MINERALS LTD | 2.8 % |
Constituent Breakdown
| Number of holdings | 54 |
| Herfindahl-Hirschman Index | 243 |
| Wgt avg mkt cap (mns) | $12,140 |
| Large cap (>$10bn) | 28.5% |
| Mid cap ($2-10bn) | 39.5% |
| Small cap (<$2bn) | 29.2% |
| Developed mkts. | 42.1% |
| Emerging mkts. | 55.1% |
Sector Breakdown
Country Exposure
 |
CHINA | 30.7 % |
 |
AUSTRALIA | 14.7 % |
 |
SOUTH AFRICA | 9.7 % |
 |
INDONESIA | 9.6 % |
 |
CANADA | 9.5 % |
 |
JAPAN | 6.1 % |
 |
FRANCE | 3.0 % |
 |
CHILE | 2.9 % |
 |
UNITED STATES | 2.6 % |
 |
NETHERLANDS | 1.9 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -11.9% | 17.0% | 23.5% | 12.1% | -- | -- | -- | 2.1% |
| Dividend Yield | 0.8% | 1.9% | 2.2% | 2.0% | -- | -- | -- | 1.9% |
| Total Returns | -11.0% | 18.9% | 25.7% | 14.1% | -- | -- | -- | 4.0% | Ann. Volatility | 40.2% | 39.6% | 35.7% | 33.1% | -- | -- | -- | 31.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.60 | 27% |
| MSCI EAFE | 1.49 | 36% |
| MSCI Emg Mkts | 1.00 | 41% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.63% |
Technical Indicators
| 30d moving avg. (EMA) | $44.35 |
| Relative strength (RSI) | 28 |
| MACD/Signal | -2.34/-2.00 |
| Bollinger Bands (Upper/Lower) | $48.17/$38.47 |
| Short interest (% of AUM) | 0.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ION |
Expenses vs. ION |
ALTAR Score™ vs. ION |
|---|---|---|---|---|
| LITP | Sprott Lithium Miners ETF | 22.3% | +7 bp | -5.6% |
| EART | Global X Rare Earth & Critical Materials ETF | 21.4% | +1 bp | -1.9% |
| ILIT | iShares Lithium Miners and Producers ETF | 20.1% | -11 bp | -3.8% |
| GMET | VanEck Green Metals ETF | 19.2% | +5 bp | -3.6% |
| EMET | VanEck Copper and Green Metals ETF | 19.2% | +1 bp | -2.8% |
| SETM | Sprott Energy Transition Materials ETF | 18.8% | +7 bp | -6.0% |
| REMX | VanEck Rare Earth/Strategic Metals ETF | 17.4% | -5 bp | -3.2% |
| LIT | Global X Lithium & Battery Tech ETF | 15.1% | +17 bp | -1.8% |
| BATT | Amplify Lithium & Battery Technology ETF | 13.9% | +1 bp | -5.6% |
| NIKL | Sprott Nickel Miners ETF | 12.0% | +17 bp | +0.8% |
Risk and Returns: ION vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/27/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
8.5%
ALTAR SCORE™
93rd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 750 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. ION's ALTAR Score™ is approximately 1.5 standard
deviations above the category average. This places ION in the 93rd percentile
among funds in the category.
Sell-Side Consensus
$60.34
PRICE TARGET
+53.0%
UPSIDE