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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)
$38,848
AUM
$3,610,629
Associated Index
S&P Global Core Battery Metals Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

5541
Pacific Metals Co. Ltd.
4.83%
SQM
Sociedad Quimica Y Minera de Chile S.A. - ADR
4.47%
INCO
VALE INDONESIA TBK
4.43%
PLS
Pilbara Minerals Limited
4.40%
ERA
ERAMET
4.34%
AKE
Allkem Ltd
4.30%
LTHM
Livent Corp
4.27%
IGO
IGO Limited
4.12%
ALB
Albemarle Corp.
4.04%
ANTM
ANEKA TAMBANG TBK
3.79%
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 MXI, PICK, REMX

ION
ProShares Trust - ProShares S&P Global Core Battery Metals ETF
MXI
BlackRock Institutional Trust Company N.A. - iShares Global Materials ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
REMX
VanEck ETF Trust - VanEck Rare Earth/Strategic Metals ETF
COPX
Global X Funds - Global X Copper Miners ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
EPP
BlackRock Institutional Trust Company N.A. - iShares MSCI Pacific ex Japan ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
EWA
BlackRock Institutional Trust Company N.A. - iShares MSCI Australia 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

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#TOTAL

The Total Package

Category

Getting Started, Go Global

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 -0.0893%. This is the percent change in the value of ION over the most recent 1-month period. The 3-month return on ION is -0.0862%. This is the percent change in the value of ION over the most recent 3-month period.

ETFs similar to ION include IXN, IXC, and GDXJ.

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

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

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.