IONvsICLNETF Comparison
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ProShares S&P Global Core Battery Metals ETF (ION) and iShares Global Clean Energy ETF (ICLN) belong to the same industry segment: Alternative Energy. ION's top 3 sector exposures are Non-Energy Materials, Industrials and Energy. In contrast, ICLN's top sector exposures are Industrials, Utilities and Technology. ION is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.38% for ICLN. ION is up 0.34% year-to-date (YTD) with +$5M in YTD flows. ICLN performs better with 8.83% YTD performance, and +$147M in YTD flows. Run a side-by-side ETF comparison of ION and ICLN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ION vs ICLN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ION ICLN | -1.85%-1.24% | -2.97%-10.30% | +0.34%+8.83% | +49.43%+23.23% | +60.55%+20.01% | n/a-15.79% |
| Flows | ION ICLN | -+$86M | -$1M-$498M | +$5M+$147M | +$10M+$273M | +$10M-$1.13B | --$2.00B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ION ICLN | +32.59%+31.97% | +34.41%+28.90% | +27.99%+24.59% | n/a+26.58% |
| Max drawdown | ION ICLN | -23.84%-21.80% | -32.54%-28.47% | -34.77%-31.13% | n/a-56.66% |
| Max drawdown duration | ION ICLN | 87d80d | 126d100d | 673d631d | n/a1774d |
Trading data
ION | ICLN | |
Last sale 9/11/2026 at 1:59 PM | $50.39 | $17.91 |
| Previous close 09/10/2026 | $50.83 | $17.82 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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ION | ICLN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:59 PM
Live
Closed
ION | ICLN | |
|---|---|---|
| Last price | $50.39 | $17.91 |
| 1D performance | -0.88% | +0.51% |
| AuM | $12.99 M | $2.12 B |
| E/R | 0.58% | 0.38% |
Characteristics
ION | ICLN | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | ProShares | iShares |
| Benchmark | S&P Global Core Battery Metals Index | S&P Global Clean Energy Transition Index |
| N° of holdings | 51 | 104 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 29, 2022 | June 24, 2008 |
| ESG | Yes | Yes |
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Exposure
Countries
ION
China
33.9%
Australia
16.68%
Indonesia
8.67%
South Africa
8.49%
Other
32.27%
ICLN
USA
36.76%
China
22.42%
Other
40.81%
Sectors
ION
Non-Energy Materi.
86.96%
Other
13.04%
ICLN
Industrials
48.56%
Utilities
41.75%
Technology
7.31%
Other
2.39%
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Diversification
ION
Total weight of top 15 holdings out of 15
46.3%
ICLN
Total weight of top 15 holdings out of 15
59.72%
Top 15 holdings
Data as of July 31, 2026
ION
Pacific Metals Co., Ltd.
4.27%
IGO Ltd.
3.81%
PT Vale Indonesia Tbk
3.70%
Sociedad Quimica y Minera de Chile SA
3.19%
PLS Group Ltd.
3.13%
Elevra Lithium Ltd.
3.11%
Liontown Ltd.
3.09%
Tibet Mineral Development Co., Ltd.
2.96%
Zangge Mining Co., Ltd.
2.94%
Albemarle Corp.
2.80%
Qinghai Salt Lake Industry Co., Ltd.
2.74%
Eramet SA
2.73%
African Rainbow Minerals Ltd.
2.71%
Mineral Resources Ltd.
2.57%
Tianqi Lithium Corp.
2.54%
ICLN
China Yangtze Power Co., Ltd.
7.92%
First Solar, Inc.
7.85%
Nextpower, Inc.
7.54%
Bloom Energy Corp.
6.96%
Enphase Energy, Inc.
4.56%
Vestas Wind Systems A/S
3.65%
Equatorial SA
3.30%
Plug Power, Inc.
2.70%
EDP SA
2.68%
Chubu Electric Power Co., Inc.
2.46%
SolarEdge Technologies, Inc.
2.35%
Enlight Renewable Energy Ltd.
2.22%
Suzlon Energy Ltd.
2.00%
Clearway Energy, Inc.
1.91%
Ørsted A/S
1.62%
Frequently asked questions about ION and ICLN
How have the ION and ICLN ETFs performed in 2026?
As of September 10, 2026, ION is up 0.34% year-to-date (YTD), while ICLN has returned 8.83%. That puts ICLN better performer ahead so far this year.
Which ETF is attracting more investor money: ION or ICLN?
Year-to-date, the ION ETF saw +$5M in flows, compared to +$147M for ICLN.
Which ETF is more volatile: ION or ICLN?
Over the past year, ION had a volatility of 34.41%, while ICLN experienced 28.9%.
Which ETF is bigger: ION or ICLN?
As of September 10, 2026, ION holds $12.99 M in assets under management (AUM), while ICLN manages $2.12 B.
What sectors do the ION and ICLN ETFs invest in?
ION leans toward sectors like Non-Energy Materials. Meanwhile, ICLN focuses on Industrials, Utilities and Technology.
What are the top holdings of the ION ETF and ICLN ETF?
ION top holdings include Pacific Metals Co., Ltd., IGO Ltd. and PT Vale Indonesia Tbk. ICLN holds in its top three: China Yangtze Power Co., Ltd., First Solar, Inc. and Nextpower, Inc..
Which ETF is more diversified: ION or ICLN?
ION holds 51 securities with 46.3% of its assets in the top 15. ICLN has 104 securities and a top 15 weight of 59.72%.
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