IONvsURNMETF Comparison
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ProShares S&P Global Core Battery Metals ETF (ION) and Sprott Uranium Miners ETF (URNM) belong to the same industry segment: Alternative Energy. ION's top 3 sector exposures are Non-Energy Materials, Industrials and Energy. In contrast, URNM's top sector exposures are Energy, Non-Corporate and Industrials. ION is less expensive with a Total Expense Ratio (TER) of 0.58%, versus 0.75% for URNM. ION is down -22.62% year-to-date (YTD) with +$4M in YTD flows. URNM performs worse with -22.96% YTD performance, and +$479M in YTD flows. Run a side-by-side ETF comparison of ION and URNM 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 URNM 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 URNM | -12.39%-12.03% | -14.92%-15.36% | -22.62%-22.96% | -1.94%-24.26% | +40.70%+2.96% | n/a+5.13% |
| Flows | ION URNM | -$984K+$49M | -$984K+$166M | +$4M+$479M | +$9M+$475M | +$9M+$509M | -+$1.02B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ION URNM | +25.21%+38.60% | +33.91%+43.61% | +28.03%+37.40% | n/a+39.26% |
| Max drawdown | ION URNM | -28.14%-31.79% | -41.73%-49.52% | -41.73%-50.18% | n/a-50.18% |
| Max drawdown duration | ION URNM | 64d61d | 173d271d | 173d485d | n/a485d |
Trading data
ION | URNM | |
Last sale 10/27/2026 at 3:04 PM | $40.13 | $45.41 |
| Previous close 10/27/2026 | $39.43 | $44.75 |
| 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 | URNM | |
|---|---|---|
| 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 | URNM | |
|---|---|---|
| Last price | $40.13 | $45.41 |
| 1D performance | +1.78% | +1.47% |
| AuM | $8.96 M | $1.67 B |
| E/R | 0.58% | 0.75% |
Characteristics
ION | URNM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | ProShares | Sprott ETFs |
| Benchmark | S&P Global Core Battery Metals Index | North Shore Global Uranium Mining Index |
| N° of holdings | 51 | 25 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 29, 2022 | November 29, 2019 |
| ESG | Yes | No |
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Exposure
Countries
ION
China
31.05%
Australia
17.26%
South Africa
9.91%
Indonesia
8.68%
Other
33.09%
URNM
Canada
56.48%
Australia
16.81%
USA
13.69%
Other
13.02%
Sectors
ION
Non-Energy Materi.
87.12%
Other
12.88%
URNM
Energy
77.17%
Non-Corporate
13.63%
Industrials
7.96%
Other
1.24%
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Diversification
ION
Total weight of top 15 holdings out of 15
46.59%
URNM
Total weight of top 15 holdings out of 15
92.29%
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%
URNM
Cameco Corp.
18.91%
Sprott Physical Uranium Trust
13.63%
NexGen Energy Ltd.
12.42%
Denison Mines Corp.
5.22%
Paladin Energy Ltd.
4.95%
Deep Yellow Ltd.
4.91%
National Atomic Company Kazatomprom JSC
4.84%
Energy Fuels, Inc.
4.55%
Uranium Energy Corp.
4.50%
CGN Mining Co. Ltd.
4.01%
Yellow Cake Plc
3.95%
Bannerman Energy Ltd.
3.22%
Ur-Energy, Inc.
2.76%
IsoEnergy Ltd.
2.30%
Boss Energy Ltd.
2.13%
Frequently asked questions about ION and URNM
How have the ION and URNM ETFs performed in 2026?
As of October 27, 2026, ION is down -22.62% year-to-date (YTD), while URNM has lost -22.96%. That puts ION better performer ahead so far this year.
Which ETF is attracting more investor money: ION or URNM?
Year-to-date, the ION ETF saw +$4M in flows, compared to +$479M for URNM.
Which ETF is more volatile: ION or URNM?
Over the past year, ION had a volatility of 33.91%, while URNM experienced 43.61%.
Which ETF is bigger: ION or URNM?
As of October 27, 2026, ION holds $8.96 M in assets under management (AUM), while URNM manages $1.67 B.
What sectors do the ION and URNM ETFs invest in?
ION leans toward sectors like Non-Energy Materials. Meanwhile, URNM focuses on Energy, Non-Corporate and Industrials.
What are the top holdings of the ION ETF and URNM ETF?
ION top holdings include Pacific Metals Co., Ltd., IGO Ltd. and PT Vale Indonesia Tbk. URNM holds in its top three: Cameco Corp., Sprott Physical Uranium Trust and NexGen Energy Ltd..
Which ETF is more diversified: ION or URNM?
ION holds 51 securities with 46.59% of its assets in the top 15. URNM has 25 securities and a top 15 weight of 92.29%.
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