Proshares S&P Global Core Battery Metals ETF (ION) Performance
ION total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −24.1% since Dec 31, 2025
- 1 year
- −2.6% total return
- 3 years
- +11.8% a year
- Since first price
- −0.3% a year since 2022
ION trailing returns vs SPY, QQQ, AGG
| Period | ION total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −18.2% | −18.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −16.7% | −17.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −37.3% | −37.9% | +7.8% | +8.4% | −1.5% |
| YTD | −24.1% | −24.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.6% | −4.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +39.8%+11.8%/yr | +32.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionDec 1, 2022 | −1.0%−0.3%/yr | −7.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ION vs SPY
From Dec 1, 2022: ION grew to $9,902, SPY to $19,648.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ION returns by calendar year
1 of 3 full years positive. Best 2025 (+108.4%), worst 2024 (−20.0%). 2026 is year to date.
ION annual returns table
| Year | ION | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −24.1% | −42.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +108.4% | −25.7% | +17.7% | +20.8% | +7.2% |
| 2024 | −20.0% | −29.6% | +24.9% | +25.6% | +1.3% |
| 2023 | −14.1% | −35.6% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ION largest drawdowns
Now 42.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 1, 2023 | −52.1% | Apr 8, 2025 | Oct 30, 2025 | 2.2 years | 2.7 years |
| May 6, 2026 | −42.8% | Oct 23, 2026 | not yet | 6 months | 6 months so far |
| Jan 27, 2026 | −23.3% | Mar 20, 2026 | Apr 17, 2026 | 52 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ION risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +14.1% | +6.7% |
| Volatility (annualized) | 32.8% | 32.0% |
| Sharpe ratio | 0.43 | 0.22 |
| Sortino ratio | 0.67 | 0.33 |
| Best month | +16.1% | +16.1% |
| Worst month | −15.3% | −15.3% |
| Best 12 months | +165.4% | +165.4% |
| Worst 12 months | −20.0% | −35.2% |
| Positive months | 58% | 53% |
| Beta vs S&P 500 | 0.93 | — |
| Correlation with S&P 500 | 0.35 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ION rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 35 | −35.2% | −1.9% | +165.4% | 49% |
| 3-year (a year) | 11 | +9.2% | +14.1% | +22.5% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
ION performance overview
Proshares S&P Global Core Battery Metals ETF (ION) returned −2.6% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned −0.3% a year, turning $10,000 into about $9,902. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −52.1%, from Feb 1, 2023 to Apr 8, 2025, and it took 7 months to get back to the old high. ION finished 1 of its 3 full calendar years with a gain; the best year was 2025 (+108.4%) and the worst 2024 (−20.0%). Volatility has been 32.0% a year.
Related: ION chart, ION holdings, ION dividends. See the ION overview for the latest quote and fund facts.
ION performance FAQ
What is the ION return over the past year?
ION returned −2.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.2%.
How much would $10,000 invested in ION be worth?
$10,000 invested in ION at its first recorded close on December 1, 2022 would be worth about $9,902 on October 23, 2026 with distributions reinvested.
What was the worst year for ION?
The worst calendar year was 2024, with a total return of −20.0%. The best was 2025 at +108.4%.
What is the biggest drawdown of ION?
The largest peak-to-trough decline was −52.1% between February 1, 2023 and April 8, 2025. It recovered to the old high on October 30, 2025, 7 months after the bottom.
How volatile is ION?
Over the past 3 years ION had an annualized volatility of 32.8% and a Sharpe ratio of 0.43 (excess return over 1–3 month T-bills per unit of risk).