AAPB vs ION

Comparison between GRANITESHARES 2X LONG AAPL DAILY ETF (AAPB, ETF) and PROSHARES S&P GLOBAL CORE BATTERY METALS ETF (ION, ETF).

AAPB vs ION - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AAPB(ETF)	ION(ETF)
Net Assets	$16M	$16M
Expense Ratio	N/A	0.58%
Max Drawdown	58.13%	53.84%
Sharpe Ratio	1.74	1.88
5Y Beta	2.28	1.01
P/E Ratio	37.38	N/A
Forward P/E	32.89	N/A
PEG Ratio	1.30	N/A
5Y EPS CAGR	12.93%	N/A
Debt to Equity	77.67%	N/A
P/S Ratio	10.11	N/A
P/B Ratio	42.87	N/A

Net Assets

AAPB

$16M

ION

$16M

Expense Ratio

AAPB

N/A

ION

0.58%

Max Drawdown

AAPB

58.13%

Winner

ION

53.84%

Sharpe Ratio

AAPB

1.74

Winner

ION

1.88

5Y Beta

AAPB

2.28

Winner

ION

1.01

P/E Ratio

AAPB

37.38

ION

N/A

Forward P/E

AAPB

32.89

ION

N/A

PEG Ratio

AAPB

1.30

ION

N/A

5Y EPS CAGR

AAPB

12.93%

ION

N/A

Debt to Equity

AAPB

77.67%

ION

N/A

P/S Ratio

AAPB

10.11

ION

N/A

P/B Ratio

AAPB

42.87

ION

N/A

AAPB vs ION - Holdings Comparison

AAPB and ION have 0 common holdings. Overlap is 0.00%

AAPB's top 25 holdings weight is 66.67%. ION's top 25 holdings weight is 72.59%.

Rank	AAPB	ION
#1	APPLE INC (AAPL) - 66.67%	LIONTOWN LTD (n/a) - 4.67%
#2	N/A	PLS GROUP LTD (n/a) - 4.21%
#3	N/A	IGO LTD (n/a) - 4.06%
#4	N/A	SIGMA LITHIUM CORP (n/a) - 3.77%
#5	N/A	MINERAL RESOURCES LTD (n/a) - 3.56%
#6	N/A	TIANQI LITHIUM CORP CLASS A (n/a) - 3.43%
#7	N/A	CHENGXIN LITHIUM GROUP CO LTD CLASS A (n/a) - 3.21%
#8	N/A	TIBET MINERAL DEVELOPMENT CO LTD CLASS A (n/a) - 3.20%
#9	N/A	ALBEMARLE CORP (ALB) - 3.16%
#10	N/A	n/a (SQM) - 3.15%
#11	N/A	XIZANG ZHUFENG RESOURCES CO LTD CLASS A (n/a) - 2.95%
#12	N/A	ZANGGE MINING CO LTD CLASS A (n/a) - 2.91%
#13	N/A	PACIFIC METALS CO LTD (n/a) - 2.86%
#14	N/A	ERAMET SA (n/a) - 2.68%
#15	N/A	GANFENG LITHIUM GROUP CO LTD (n/a) - 2.65%
#16	N/A	AMG CRITICAL MATERIALS NV (n/a) - 2.58%
#17	N/A	PT VALE INDONESIA TBK (n/a) - 2.53%
#18	N/A	SOUTH32 LTD (n/a) - 2.42%
#19	N/A	n/a (n/a) - 2.38%
#20	N/A	AFRICAN RAINBOW MINERALS LTD (n/a) - 2.33%
#21	N/A	FIRST QUANTUM MINERALS LTD (n/a) - 2.15%
#22	N/A	CMOC GROUP LTD CLASS H (n/a) - 2.10%
#23	N/A	LUNDIN MINING CORP (n/a) - 1.99%
#24	N/A	SINOMINE RESOURCE GROUP CO LTD CLASS A (n/a) - 1.85%
#25	N/A	BOLIDEN AB (n/a) - 1.79%
Total Holdings	1	64

AAPB vs ION - Historical Returns

Returns include dividend reinvestment.

Period	AAPB	ION
1 month	+16.48%	-17.74%
3 months	+35.86%	-6.30%
6 months	+15.45%	+16.23%
1 year	+109.31%	+94.48%
Max(CAGR)	+18.82%	+9.16%

Winner

AAPB

+16.48%

ION

-17.74%

Winner

AAPB

+35.86%

ION

-6.30%

AAPB

+15.45%

Winner

ION

+16.23%

Winner

AAPB

+109.31%

ION

+94.48%

Max(CAGR)

Winner

AAPB

+18.82%

ION

+9.16%

AAPB vs ION - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	AAPB	ION
2026	+22.50%	+1.59%
2025	+4.65%	+107.85%
2024	+56.92%	-19.65%
2023	+88.68%	-13.62%
2022	-38.44%	-8.86%

AAPB vs ION Drawdown Comparison

The maximum drawdown for AAPB was -58.13%, occurring on Apr 8, 2025. Recovery took 232 trading sessions.

The maximum drawdown for ION was -52.07%, occurring on Apr 8, 2025. Recovery took 689 trading sessions.

The current AAPB drawdown is -4.88%. The current ION drawdown is -21.38%.

Rank	AAPB	ION
#1	-58.13% Dec 26, 2024 - Dec 1, 2025	-52.07% Feb 1, 2023 - Oct 30, 2025
#2	-47.65% Aug 17, 2022 - Jun 22, 2023	-23.30% Jan 27, 2026 - Apr 17, 2026
#3	-35.74% Jul 31, 2023 - Jun 12, 2024	-21.38% May 6, 2026 - Jun 5, 2026
#4	-28.11% Dec 2, 2025 - May 12, 2026	-9.89% Dec 2, 2022 - Jan 12, 2023
#5	-23.18% Jul 16, 2024 - Dec 3, 2024	-7.18% Oct 30, 2025 - Nov 10, 2025
#6	-8.86% Jun 17, 2024 - Jul 2, 2024	-6.26% Nov 19, 2025 - Nov 28, 2025
#7	-5.36% Jun 30, 2023 - Jul 19, 2023	-4.91% Dec 26, 2025 - Jan 5, 2026
#8	-4.88% Jun 2, 2026 - Jun 5, 2026	-4.32% Apr 17, 2026 - Apr 30, 2026
#9	-4.60% Dec 17, 2024 - Dec 20, 2024	-3.97% Jan 14, 2026 - Jan 22, 2026
#10	-4.60% Jul 10, 2024 - Jul 15, 2024	-3.33% Nov 28, 2025 - Dec 8, 2025
#11	-4.05% May 28, 2026 - Jun 2, 2026	-3.24% Dec 11, 2025 - Dec 18, 2025
#12	-2.92% Jul 19, 2023 - Jul 28, 2023	-3.01% Jan 6, 2026 - Jan 12, 2026
#13	-1.80% Jun 22, 2023 - Jun 27, 2023	-2.35% Jan 26, 2023 - Feb 1, 2023
#14	-1.77% May 15, 2026 - May 20, 2026	-2.13% Jan 12, 2023 - Jan 20, 2023
#15	-1.59% Jun 13, 2024 - Jun 17, 2024	-2.09% May 1, 2026 - May 6, 2026