ION vs IVV
Proshares S&P Global Core Battery Metals ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. ION delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | ION | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.03% | |
| AUM | $13M | $907.0B | |
| Dividend Yield | 1.61% | 1.10% | |
| Holdings | 53 | 508 | |
| YTD Return | -2.24% | +13.22% | |
| 1Y Return | +54.57% | +21.62% | |
| 3Y Return (annualized) | +17.28% | +22.17% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 31.1% | 15.1% | |
| Max Drawdown | -52.2% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 29, 2022 | May 15, 2000 |
ION vs IVV Performance
Proshares S&P Global Core Battery Metals ETF (ION) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ION returned +54.57% while IVV returned +21.62%. Year to date, ION is down 2.24% versus a gain of 13.22% for IVV.
Over three years, ION compounded at +17.28% per year against +22.17% for IVV. Across the full 4-year window we track, ION has the edge at +7.43% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ION has been the more volatile fund, with annualized monthly volatility of 31.1% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -52.2% for ION and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ION charges 0.58% per year while IVV charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, ION currently yields 1.61% against 1.10% for IVV.
Holdings Overlap
ION and IVV share 1 holdings out of 556 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ION | Weight in IVV | Difference |
|---|---|---|---|
| ALB | 2.83% | 0.02% | 2.81% |
Frequently Asked Questions
Which is cheaper, ION or IVV?
ION has an expense ratio of 0.58% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, ION or IVV?
Over the past year ION returned +54.57% vs +21.62% for IVV, so ION leads on 1-year performance. Over the longest common window we track (4 years), ION annualized +7.43% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, ION or IVV?
ION has been the more volatile fund at 31.1% annualized versus 15.1% for IVV. Worst drawdown: ION -52.2% vs IVV -56.5%.
Should I hold both ION and IVV?
ION and IVV have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ION and IVV?
ION and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 556 unique securities.
Which pays a higher dividend, ION or IVV?
ION yields 1.61% while IVV yields 1.10%, so ION currently pays the higher dividend yield.
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