Skip to Content
ETFs

ProShares S&P Global Core Battery Metals ETF

ION
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 29 2022
Expense Ratio
0.58%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$11,138
AUM
$2,462,122
Associated Index
S&P Global Core Battery Metals Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

000408
Zangge Mining Company Limited - Ordinary Shares - Class A
4.13%
PLS
Pilbara Minerals Limited
4.05%
MIN
Mineral Resources Ltd
4.01%
IGO
IGO Limited
3.94%
1258
China Nonferrous Mining Corporation Limited
3.79%
5541
Pacific Metals Co. Ltd.
3.75%
AKE
Allkem Ltd
3.56%
000762
Tibet Mineral Development Co. Ltd. - Ordinary Shares - Class A
3.51%
SQM
Sociedad Quimica Y Minera de Chile S.A. - ADR
3.49%
ALB
Albemarle Corp.
3.35%
Invest with ION

What is ION?

ProShares S&P Global Core Battery Metals ETF seeks investment results before fees and expenses, that track the performance of the S&P Global Core Battery Metals Index. The Index, constructed and maintained by S&P Dow Jones Indices LLC, consists of companies engaged in the mining of lithium, nickel or cobalt base metals used to produce batteries. The Index measures the performance of companies in the S&P Global Broad Market Index (a global total market index which includes small, mid, and large capitalization companies listed for trading in developed and emerging market countries) that are engaged in the mining of battery metals.

ETFs related toION

ETFs correlated to ION include REMX, PICK, COPX

ION
ProShares Trust - ProShares S&P Global Core Battery Metals ETF
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
COPX
Global X Funds - Global X Copper Miners ETF
LIT
Global X Funds - Global X Lithium & Battery Tech ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
FYLD
Cambria Investment Management LP - Cambria Foreign Shareholder Yield ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toION

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with ION using Composer

FAQ

ION is a Global Equities ETF. ProShares S&P Global Core Battery Metals ETF seeks investment results before fees and expenses, that track the performance of the S&P Global Core Battery Metals Index. The Index, constructed and maintained by S&P Dow Jones Indices LLC, consists of companies engaged in the mining of lithium, nickel or cobalt base metals used to produce batteries. The Index measures the performance of companies in the S&P Global Broad Market Index (a global total market index which includes small, mid, and large capitalization companies listed for trading in developed and emerging market countries) that are engaged in the mining of battery metals.

ION tracks the S&P Global Core Battery Metals Index.

No, ION is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ION is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ION is -0.0329%. This is the percent change in the value of ION over the most recent 1-month period. The 3-month return on ION is -0.1154%. This is the percent change in the value of ION over the most recent 3-month period.

ETFs similar to ION include IXJ, SMH, and URA.

ETFs correlated to ION include REMX, PICK, and COPX.

ETFs that are inversely correlated to ION include EDZ, EFZ, and EPV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.