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 down -22.62% year-to-date (YTD) with +$4M in YTD flows. ICLN performs better with -3.27% YTD performance, and +$281M 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 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ION ICLN | -12.39%-5.78% | -14.92%-11.14% | -22.62%-3.27% | -1.94%-4.41% | +40.70%+27.75% | n/a-30.76% |
| Flows | ION ICLN | -$984K-$66M | -$984K-$96M | +$4M+$281M | +$9M+$351M | +$9M-$820M | --$1.98B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ION ICLN | +25.21%+25.38% | +33.91%+29.36% | +28.03%+24.51% | n/a+26.60% |
| Max drawdown | ION ICLN | -28.14%-15.91% | -41.73%-34.18% | -41.73%-34.18% | n/a-56.66% |
| Max drawdown duration | ION ICLN | 64d84d | 173d147d | 173d147d | n/a1821d |
Trading data
ION | ICLN | |
Last sale 10/27/2026 at 3:04 PM | $40.13 | $15.67 |
| Previous close 10/27/2026 | $39.43 | $15.86 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 10/27/2026 at 3:04 PM
Live
Closed
ION | ICLN | |
|---|---|---|
| Last price | $40.13 | $15.67 |
| 1D performance | +1.78% | -1.20% |
| AuM | $8.96 M | $2.01 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 | 103 |
| 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
31.05%
Australia
17.26%
South Africa
9.91%
Indonesia
8.68%
Other
33.09%
ICLN
USA
35.79%
China
22.2%
Other
42.01%
Sectors
ION
Non-Energy Materi.
87.12%
Other
12.88%
ICLN
Industrials
49.97%
Utilities
40.84%
Other
9.2%
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Diversification
ION
Total weight of top 15 holdings out of 15
46.59%
ICLN
Total weight of top 15 holdings out of 15
59.42%
Top 15 holdings
Data as of August 31, 2026
ION
Pacific Metals Co., Ltd.
4.26%
IGO Ltd.
4.23%
PT Vale Indonesia Tbk
3.65%
PLS Group Ltd.
3.40%
Sociedad Quimica y Minera de Chile SA
3.22%
Elevra Lithium Ltd.
3.21%
African Rainbow Minerals Ltd.
3.02%
Mineral Resources Ltd.
2.82%
Albemarle Corp.
2.81%
Tibet Mineral Development Co., Ltd.
2.74%
Liontown Ltd.
2.74%
PT Timah (Persero) Tbk
2.71%
Eramet SA
2.71%
First Quantum Minerals Ltd.
2.60%
Zangge Mining Co., Ltd.
2.47%
ICLN
First Solar, Inc.
7.87%
China Yangtze Power Co., Ltd.
7.75%
Bloom Energy Corp.
7.09%
Nextpower, Inc.
6.53%
Vestas Wind Systems A/S
4.57%
Enphase Energy, Inc.
4.55%
Equatorial SA
3.13%
EDP SA
2.91%
Plug Power, Inc.
2.85%
Chubu Electric Power Co., Inc.
2.67%
Suzlon Energy Ltd.
2.06%
Enlight Renewable Energy Ltd.
2.06%
Clearway Energy, Inc.
1.96%
SolarEdge Technologies, Inc.
1.85%
Ørsted A/S
1.57%
Frequently asked questions about ION and ICLN
How have the ION and ICLN ETFs performed in 2026?
As of October 27, 2026, ION is down -22.62% year-to-date (YTD), while ICLN has lost -3.27%. 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 +$4M in flows, compared to +$281M for ICLN.
Which ETF is more volatile: ION or ICLN?
Over the past year, ION had a volatility of 33.91%, while ICLN experienced 29.36%.
Which ETF is bigger: ION or ICLN?
As of October 27, 2026, ION holds $8.96 M in assets under management (AUM), while ICLN manages $2.01 B.
What sectors do the ION and ICLN ETFs invest in?
ION leans toward sectors like Non-Energy Materials. Meanwhile, ICLN focuses on Industrials and Utilities.
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: First Solar, Inc., China Yangtze Power Co., Ltd. and Bloom Energy Corp..
Which ETF is more diversified: ION or ICLN?
ION holds 51 securities with 46.59% of its assets in the top 15. ICLN has 103 securities and a top 15 weight of 59.42%.
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