ION vs INDE
Comparison between PROSHARES S&P GLOBAL CORE BATTERY METALS ETF (ION, ETF) and MATTHEWS INDIA ACTIVE ETF (INDE, ETF).
ION vs INDE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ION
$14M
Winner
INDE
$14M
Expense Ratio
Winner
ION
0.58%
INDE
0.79%
Max Drawdown
ION
53.84%
Winner
INDE
24.66%
Sharpe Ratio
Winner
ION
0.98
INDE
-0.29
5Y Beta
ION
1.05
Winner
INDE
0.43
ION vs INDE - Holdings Comparison
ION and INDE have 1 common holdings. Overlap is 0.00%
ION's top 25 holdings weight is 71.84%. INDE's top 25 holdings weight is 72.47%.
| Rank | ION | INDE |
|---|---|---|
| #1 | PLS GROUP LTD (n/a) - 3.75% | ETERNAL LTD (n/a) - 7.47% |
| #2 | n/a (SQM) - 3.69% | THANGAMAYIL JEWELLERY LTD (n/a) - 7.02% |
| #3 | IGO LTD (n/a) - 3.61% | HDFC BANK LTD (n/a) - 6.97% |
| #4 | LIONTOWN LTD (n/a) - 3.58% | ICICI BANK LTD (n/a) - 5.69% |
| #5 | SIGMA LITHIUM CORP (n/a) - 3.56% | NEULAND LABORATORIES LTD (n/a) - 3.81% |
| #6 | MINERAL RESOURCES LTD (n/a) - 3.55% | BAJAJ FINANCE LTD (n/a) - 3.68% |
| #7 | TIANQI LITHIUM CORP CLASS A (n/a) - 3.45% | SHRIRAM FINANCE LTD (n/a) - 3.47% |
| #8 | PACIFIC METALS CO LTD (n/a) - 3.39% | BHARTI AIRTEL LTD (n/a) - 3.14% |
| #9 | TIBET MINERAL DEVELOPMENT CO LTD CLASS A (n/a) - 3.17% | RELIANCE INDUSTRIES LTD (n/a) - 2.94% |
| #10 | CHENGXIN LITHIUM GROUP CO LTD CLASS A (n/a) - 3.12% | AXIS BANK LTD (n/a) - 2.94% |
| #11 | ZANGGE MINING CO LTD CLASS A (n/a) - 3.07% | HFCL LTD (n/a) - 2.48% |
| #12 | ALBEMARLE CORP (ALB) - 2.93% | MARICO LTD (n/a) - 2.20% |
| #13 | PT VALE INDONESIA TBK (n/a) - 2.89% | KOTAK MAHINDRA BANK LTD (n/a) - 1.96% |
| #14 | ERAMET SA (n/a) - 2.64% | STAR HEALTH AND ALLIED INSURANCE CO LTD (n/a) - 1.94% |
| #15 | AMG CRITICAL MATERIALS NV (n/a) - 2.56% | MAHINDRA & MAHINDRA LTD (n/a) - 1.86% |
| #16 | XIZANG ZHUFENG RESOURCES CO LTD CLASS A (n/a) - 2.54% | SWIGGY LTD (n/a) - 1.72% |
| #17 | SOUTH32 LTD (n/a) - 2.51% | ATHER ENERGY LTD (n/a) - 1.64% |
| #18 | FIRST QUANTUM MINERALS LTD (n/a) - 2.50% | HINDUSTAN UNILEVER LTD (n/a) - 1.62% |
| #19 | n/a (n/a) - 2.43% | THERMAX LTD (n/a) - 1.52% |
| #20 | AFRICAN RAINBOW MINERALS LTD (n/a) - 2.41% | TATA CONSUMER PRODUCTS LTD (n/a) - 1.45% |
| #21 | PT TIMAH (PERSERO) TBK (n/a) - 2.28% | BHARAT HEAVY ELECTRICALS LTD (n/a) - 1.44% |
| #22 | GANFENG LITHIUM GROUP CO LTD (n/a) - 2.18% | AVALON TECHNOLOGIES LTD (n/a) - 1.40% |
| #23 | ANTAM (PERSERO) TBK PT (n/a) - 2.02% | MAX FINANCIAL SERVICES LTD (n/a) - 1.39% |
| #24 | CMOC GROUP LTD CLASS H (n/a) - 2.01% | STATE BANK OF INDIA (n/a) - 1.38% |
| #25 | LUNDIN MINING CORP (n/a) - 2.00% | STERLITE TECHNOLOGIES LTD (n/a) - 1.34% |
| Total Holdings | 64 | 71 |
ION vs INDE - Historical Returns
Returns include dividend reinvestment.
1M
ION
-11.83%
Winner
INDE
-0.93%
3M
ION
-26.94%
Winner
INDE
+4.67%
6M
ION
-27.74%
Winner
INDE
+2.64%
1Y
Winner
ION
+37.43%
INDE
-1.12%
Max(CAGR)
ION
+4.52%
Winner
INDE
+6.04%
ION vs INDE - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | ION | INDE |
|---|---|---|
| 2026 | -12.24% | -4.28% |
| 2025 | +107.85% | +0.48% |
| 2024 | -19.65% | +11.19% |
| 2023 | -13.62% | +8.18% |
| 2022 | -8.86% | N/A |
ION vs INDE Drawdown Comparison
The maximum drawdown for ION was -52.07%, occurring on Apr 8, 2025. Recovery took 689 trading sessions.
The maximum drawdown for INDE was -22.89%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current ION drawdown is -32.08%. The current INDE drawdown is -11.02%.
| Rank | ION | INDE |
|---|---|---|
| #1 | -52.07% Feb 1, 2023 - Oct 30, 2025 | -22.89% Sep 23, 2024 - Mar 30, 2026 |
| #2 | -33.66% May 6, 2026 - Jul 20, 2026 | -6.26% Jun 3, 2024 - Jun 12, 2024 |
| #3 | -23.30% Jan 27, 2026 - Apr 17, 2026 | -5.21% Mar 1, 2024 - Apr 29, 2024 |
| #4 | -9.89% Dec 2, 2022 - Jan 12, 2023 | -4.94% Oct 17, 2023 - Oct 31, 2023 |
| #5 | -7.18% Oct 30, 2025 - Nov 10, 2025 | -4.15% Jul 16, 2024 - Aug 21, 2024 |
| #6 | -6.26% Nov 19, 2025 - Nov 28, 2025 | -3.76% May 2, 2024 - May 24, 2024 |
| #7 | -4.91% Dec 26, 2025 - Jan 5, 2026 | -3.18% Feb 7, 2024 - Feb 15, 2024 |
| #8 | -4.32% Apr 17, 2026 - Apr 30, 2026 | -3.05% Jan 12, 2024 - Jan 29, 2024 |
| #9 | -3.97% Jan 14, 2026 - Jan 22, 2026 | -2.96% Oct 31, 2023 - Nov 10, 2023 |
| #10 | -3.33% Nov 28, 2025 - Dec 8, 2025 | -2.30% Dec 19, 2023 - Jan 5, 2024 |
| #11 | -3.24% Dec 11, 2025 - Dec 18, 2025 | -2.07% May 24, 2024 - Jun 3, 2024 |
| #12 | -3.01% Jan 6, 2026 - Jan 12, 2026 | -2.03% Feb 23, 2024 - Mar 1, 2024 |
| #13 | -2.35% Jan 26, 2023 - Feb 1, 2023 | -1.61% Sep 4, 2024 - Sep 12, 2024 |
| #14 | -2.13% Jan 12, 2023 - Jan 20, 2023 | -1.46% Sep 25, 2023 - Oct 6, 2023 |
| #15 | -2.09% May 1, 2026 - May 6, 2026 | -1.27% Oct 6, 2023 - Oct 11, 2023 |
Correlation
Correlation between ION and INDE is 0.02 which considered as a very weak or no correlation - the stocks move independently of each other.
0.02
-101
Dividend Comparison (2022 - 2026)
ION vs INDE dividend yield comparison.
| Year | ION | INDE |
|---|---|---|
| 2026 | 0.45% | 0.00% |
| 2025 | 1.63% | 1.75% |
| 2024 | 1.74% | 0.56% |
| 2023 | 2.23% | 0.00% |
| 2022 | 0.13% | 0.00% |
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