IONvsNLRETF Comparison
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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 up 0.34% year-to-date (YTD) with +$5M in YTD flows. NLR performs worse with -4.53% YTD performance, and +$890M 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.
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ION vs NLR 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 NLR | -1.85%+0.81% | -2.97%+2.12% | +0.34%-4.53% | +49.43%-1.39% | +60.55%+90.82% | n/a+140.78% |
| Flows | ION NLR | --$47M | -$1M-$232M | +$5M+$890M | +$10M+$2.13B | +$10M+$3.98B | -+$4.04B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ION NLR | +32.59%+36.89% | +34.41%+39.33% | +27.99%+32.56% | n/a+27.61% |
| Max drawdown | ION NLR | -23.84%-19.34% | -32.54%-36.67% | -34.77%-36.67% | n/a-36.67% |
| Max drawdown duration | ION NLR | 87d81d | 126d225d | 673d225d | n/a225d |
Trading data
ION | NLR | |
Last sale 9/11/2026 at 1:30 PM | $50.11 | $113.22 |
| Previous close 09/10/2026 | $50.83 | $117.83 |
| 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 | NLR | |
|---|---|---|
| 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 1:30 PM
Live
Closed
ION | NLR | |
|---|---|---|
| Last price | $50.11 | $113.22 |
| 1D performance | -1.42% | -3.91% |
| AuM | $12.99 M | $4.12 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 |
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Exposure
Countries
ION
China
33.9%
Australia
16.68%
Indonesia
8.67%
South Africa
8.49%
Other
32.27%
NLR
USA
51.08%
Canada
18.8%
Australia
7.41%
Other
22.71%
Sectors
ION
Non-Energy Materi.
86.96%
Other
13.04%
NLR
Energy
39.26%
Utilities
31.2%
Industrials
23.85%
Other
5.69%
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Diversification
ION
Total weight of top 15 holdings out of 15
46.3%
NLR
Total weight of top 15 holdings out of 15
83.33%
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%
NLR
Constellation Energy Corp.
9.13%
Cameco Corp.
7.79%
Public Service Enterprise Group, Inc.
7.24%
BWX Technologies, Inc.
6.17%
Fortum Oyj
5.91%
Centrus Energy Corp.
5.69%
NexGen Energy Ltd.
5.27%
Uranium Energy Corp.
4.88%
Denison Mines Corp.
4.87%
Paladin Energy Ltd.
4.61%
CGN Power Co., Ltd.
4.53%
National Atomic Company Kazatomprom JSC
4.45%
Oklo, Inc.
4.39%
NuScale Power Corp.
4.37%
Energy Fuels, Inc.
4.04%
Frequently asked questions about ION and NLR
How have the ION and NLR ETFs performed in 2026?
As of September 10, 2026, ION is up 0.34% year-to-date (YTD), while NLR has lost -4.53%. 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 +$5M in flows, compared to +$890M for NLR.
Which ETF is more volatile: ION or NLR?
Over the past year, ION had a volatility of 34.41%, while NLR experienced 39.33%.
Which ETF is bigger: ION or NLR?
As of September 10, 2026, ION holds $12.99 M in assets under management (AUM), while NLR manages $4.12 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 46.3% of its assets in the top 15. NLR has 25 securities and a top 15 weight of 83.33%.
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