IONvsNLRETF Comparison
VS
ProShares S&P Global Core Battery Metals ETF (ION) and VanEck Uranium+Nuclear Energy ETF (NLR) belong to the same industry segment: Alternative Energy. ION's top 3 sector exposures are Non-Energy Materials, Industrials and Energy. In contrast, NLR's top sector exposures are Energy, Utilities and Industrials. ION is more expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.52% for NLR. ION is down -22.62% year-to-date (YTD) with +$4M in YTD flows. NLR performs worse with -23.24% YTD performance, and +$761M in YTD flows. Run a side-by-side ETF comparison of ION and NLR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
ION vs NLR 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 NLR | -12.39%-8.64% | -14.92%-13.58% | -22.62%-23.24% | -1.94%-33.69% | +40.70%+51.33% | n/a+89.88% |
| Flows | ION NLR | -$984K-$90M | -$984K-$214M | +$4M+$761M | +$9M+$1.12B | +$9M+$3.84B | -+$3.91B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ION NLR | +25.21%+37.88% | +33.91%+38.80% | +28.03%+33.15% | n/a+28.15% |
| Max drawdown | ION NLR | -28.14%-27.90% | -41.73%-44.30% | -41.73%-44.30% | n/a-44.30% |
| Max drawdown duration | ION NLR | 64d61d | 173d272d | 173d272d | n/a272d |
Trading data
ION | NLR | |
Last sale 10/27/2026 at 3:04 PM | $40.13 | $95.04 |
| Previous close 10/27/2026 | $39.43 | $94.92 |
| 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
Create an account to view replication metrics
Join for free
ION | NLR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/27/2026 at 3:04 PM
Live
Closed
ION | NLR | |
|---|---|---|
| Last price | $40.13 | $95.04 |
| 1D performance | +1.78% | +0.13% |
| AuM | $8.96 M | $3.19 B |
| E/R | 0.58% | 0.52% |
Characteristics
ION | NLR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | ProShares | VanEck |
| Benchmark | S&P Global Core Battery Metals Index | MVIS Global Uranium & Nuclear Energy Index |
| N° of holdings | 51 | 25 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 29, 2022 | August 13, 2007 |
| ESG | Yes | No |
Advertisement
Exposure
Countries
ION
China
31.05%
Australia
17.26%
South Africa
9.91%
Indonesia
8.68%
Other
33.09%
NLR
USA
48.42%
Canada
19.33%
Australia
8.86%
Other
23.38%
Sectors
ION
Non-Energy Materi.
87.12%
Other
12.88%
NLR
Energy
42.29%
Utilities
28.82%
Industrials
23.77%
Other
5.12%
Advertisement
Diversification
ION
Total weight of top 15 holdings out of 15
46.59%
NLR
Total weight of top 15 holdings out of 15
81.93%
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%
NLR
Constellation Energy Corp.
8.67%
Cameco Corp.
7.99%
Public Service Enterprise Group, Inc.
6.18%
Fortum Oyj
5.79%
Uranium Energy Corp.
5.62%
Paladin Energy Ltd.
5.39%
NexGen Energy Ltd.
5.32%
BWX Technologies, Inc.
5.15%
Centrus Energy Corp.
5.12%
Denison Mines Corp.
5.11%
Energy Fuels, Inc.
4.57%
National Atomic Company Kazatomprom JSC
4.56%
CGN Power Co., Ltd.
4.30%
NuScale Power Corp.
4.27%
Oklo, Inc.
3.88%
Frequently asked questions about ION and NLR
How have the ION and NLR ETFs performed in 2026?
As of October 27, 2026, ION is down -22.62% year-to-date (YTD), while NLR has lost -23.24%. That puts ION better performer ahead so far this year.
Which ETF is attracting more investor money: ION or NLR?
Year-to-date, the ION ETF saw +$4M in flows, compared to +$761M for NLR.
Which ETF is more volatile: ION or NLR?
Over the past year, ION had a volatility of 33.91%, while NLR experienced 38.8%.
Which ETF is bigger: ION or NLR?
As of October 27, 2026, ION holds $8.96 M in assets under management (AUM), while NLR manages $3.19 B.
What sectors do the ION and NLR ETFs invest in?
ION leans toward sectors like Non-Energy Materials. Meanwhile, NLR focuses on Energy, Utilities and Industrials.
What are the top holdings of the ION ETF and NLR ETF?
ION top holdings include Pacific Metals Co., Ltd., IGO Ltd. and PT Vale Indonesia Tbk. NLR holds in its top three: Constellation Energy Corp., Cameco Corp. and Public Service Enterprise Group, Inc..
Which ETF is more diversified: ION or NLR?
ION holds 51 securities with 46.59% of its assets in the top 15. NLR has 25 securities and a top 15 weight of 81.93%.
Advertisement
Latest news about ION & NLR
ETF Comparison: Sprott Uranium Miners ETF (URNM) Versus VanEck Uranium + Nuclear Energy ETF (NLR)
December 17, 2025
NLR
3 Thematic ETF Segments to Watch in 2025
February 4, 2025
NLR
Donald Trump’s Executive Orders: ETF Bulls and Bears
January 24, 2025
NLR
Advertisement
There's an ETF for that? The 3 Best ETFs for Investing in Uranium
January 11, 2024
NLR
There's an ETF for that? The 3 Best ETFs for Investing in Uranium
January 11, 2024
NLR
Proshares' Simeon Hyman
January 10, 2023
ION
3 uranium ETFs to watch as demand for clean energy rises
August 12, 2022
NLR
Advertisement
