ION vs MUNB
Comparison between PROSHARES S&P GLOBAL CORE BATTERY METALS ETF (ION, ETF) and NORTHERN TRUST 2035 TAX-EXEMPT DISTRIBUTING LADDER ETF (MUNB, ETF).
ION vs MUNB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ION
$14M
Winner
MUNB
$14M
Expense Ratio
ION
0.58%
Winner
MUNB
0.18%
Max Drawdown
ION
53.84%
Winner
MUNB
3.01%
Sharpe Ratio
Winner
ION
0.97
MUNB
-1.10
5Y Beta
ION
1.05
Winner
MUNB
0.04
ION vs MUNB - Holdings Comparison
ION and MUNB have 1 common holdings. Overlap is 0.00%
ION's top 25 holdings weight is 71.84%. MUNB's top 25 holdings weight is 30.03%.
| Rank | ION | MUNB |
|---|---|---|
| #1 | PLS GROUP LTD (n/a) - 3.75% | RACINE CNTY WIS 4% (n/a) - 3.15% |
| #2 | n/a (SQM) - 3.69% | DISTRICT COLUMBIA 5% (n/a) - 2.29% |
| #3 | IGO LTD (n/a) - 3.61% | CHIPPEWA VALLEY WIS TECH COLLEGE DIST 4% (n/a) - 1.68% |
| #4 | LIONTOWN LTD (n/a) - 3.58% | NEW MEXICO FIN AUTH REV 5% (n/a) - 1.65% |
| #5 | SIGMA LITHIUM CORP (n/a) - 3.56% | DISTRICT COLUMBIA REV 5% (n/a) - 1.52% |
| #6 | MINERAL RESOURCES LTD (n/a) - 3.55% | CENTRAL FLA EXPWY AUTH SR LIENREV 5% (n/a) - 1.46% |
| #7 | TIANQI LITHIUM CORP CLASS A (n/a) - 3.45% | WISCONSIN ST 5% (n/a) - 1.28% |
| #8 | PACIFIC METALS CO LTD (n/a) - 3.39% | WASHINGTON ST CTFS PARTN 5% (n/a) - 1.21% |
| #9 | TIBET MINERAL DEVELOPMENT CO LTD CLASS A (n/a) - 3.17% | GARDNER KANS 3.5% (n/a) - 1.12% |
| #10 | CHENGXIN LITHIUM GROUP CO LTD CLASS A (n/a) - 3.12% | WASHINGTON ST 5% (n/a) - 1.10% |
| #11 | ZANGGE MINING CO LTD CLASS A (n/a) - 3.07% | n/a (n/a) - 1.06% |
| #12 | ALBEMARLE CORP (ALB) - 2.93% | NEENAH WIS JT SCH DIST 5% (n/a) - 1.02% |
| #13 | PT VALE INDONESIA TBK (n/a) - 2.89% | WHEELING ILL 4% (n/a) - 0.97% |
| #14 | ERAMET SA (n/a) - 2.64% | INDIANA ST FIN AUTH REV 5% (n/a) - 0.95% |
| #15 | AMG CRITICAL MATERIALS NV (n/a) - 2.56% | TALLAHASSEE FLA CAP BDS 5% (n/a) - 0.94% |
| #16 | XIZANG ZHUFENG RESOURCES CO LTD CLASS A (n/a) - 2.54% | DALLAS FORT WORTH TEX INTL ARPT REV 5% (n/a) - 0.94% |
| #17 | SOUTH32 LTD (n/a) - 2.51% | NEW HAMPSHIRE MUN BD BK 5% (n/a) - 0.92% |
| #18 | FIRST QUANTUM MINERALS LTD (n/a) - 2.50% | n/a (n/a) - 0.90% |
| #19 | n/a (n/a) - 2.43% | IDAHO ST BLDG AUTH SALES TAX REV 5% (n/a) - 0.89% |
| #20 | AFRICAN RAINBOW MINERALS LTD (n/a) - 2.41% | SUN PRAIRIE WIS 5% (n/a) - 0.85% |
| #21 | PT TIMAH (PERSERO) TBK (n/a) - 2.28% | CLARK CNTY NEV SCH DIST 5% (n/a) - 0.84% |
| #22 | GANFENG LITHIUM GROUP CO LTD (n/a) - 2.18% | NEW MEXICO FIN AUTH ST TRANSN REV 5% (n/a) - 0.84% |
| #23 | ANTAM (PERSERO) TBK PT (n/a) - 2.02% | DUTCHESS CNTY N Y 4% (n/a) - 0.83% |
| #24 | CMOC GROUP LTD CLASS H (n/a) - 2.01% | MEMPHIS TENN 5% (n/a) - 0.82% |
| #25 | LUNDIN MINING CORP (n/a) - 2.00% | COTTAGE GROVE VLG WIS 5% (n/a) - 0.80% |
| Total Holdings | 64 | 200 |
ION vs MUNB - Historical Returns
Returns include dividend reinvestment.
1M
ION
-11.67%
Winner
MUNB
-1.05%
3M
ION
-24.73%
Winner
MUNB
-1.08%
6M
ION
-26.87%
Winner
MUNB
-1.08%
1Y
Winner
ION
+43.17%
MUNB
+1.55%
Max(CAGR)
Winner
ION
+4.87%
MUNB
+1.68%
ION vs MUNB - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | ION | MUNB |
|---|---|---|
| 2026 | -11.18% | -0.38% |
| 2025 | +107.85% | +1.91% |
| 2024 | -19.65% | N/A |
| 2023 | -13.62% | N/A |
| 2022 | -8.86% | N/A |
ION vs MUNB Drawdown Comparison
The maximum drawdown for ION was -52.07%, occurring on Apr 8, 2025. Recovery took 689 trading sessions.
The maximum drawdown for MUNB was -2.49%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The current ION drawdown is -31.26%. The current MUNB drawdown is -2.15%.
| Rank | ION | MUNB |
|---|---|---|
| #1 | -52.07% Feb 1, 2023 - Oct 30, 2025 | -2.49% Feb 27, 2026 - Mar 27, 2026 |
| #2 | -33.66% May 6, 2026 - Jul 20, 2026 | -0.62% Sep 17, 2025 - Dec 18, 2025 |
| #3 | -23.30% Jan 27, 2026 - Apr 17, 2026 | -0.16% Jan 15, 2026 - Jan 23, 2026 |
| #4 | -9.89% Dec 2, 2022 - Jan 12, 2023 | -0.11% Jan 12, 2026 - Jan 15, 2026 |
| #5 | -7.18% Oct 30, 2025 - Nov 10, 2025 | -0.06% Sep 11, 2025 - Sep 15, 2025 |
| #6 | -6.26% Nov 19, 2025 - Nov 28, 2025 | -0.03% Feb 9, 2026 - Feb 12, 2026 |
| #7 | -4.91% Dec 26, 2025 - Jan 5, 2026 | -0.03% Feb 17, 2026 - Feb 20, 2026 |
| #8 | -4.32% Apr 17, 2026 - Apr 30, 2026 | -0.02% Dec 19, 2025 - Dec 24, 2025 |
| #9 | -3.97% Jan 14, 2026 - Jan 22, 2026 | -0.02% Aug 20, 2025 - Aug 22, 2025 |
| #10 | -3.33% Nov 28, 2025 - Dec 8, 2025 | -0.00% Jan 27, 2026 - Jan 29, 2026 |
| #11 | -3.24% Dec 11, 2025 - Dec 18, 2025 | N/A |
| #12 | -3.01% Jan 6, 2026 - Jan 12, 2026 | N/A |
| #13 | -2.35% Jan 26, 2023 - Feb 1, 2023 | N/A |
| #14 | -2.13% Jan 12, 2023 - Jan 20, 2023 | N/A |
| #15 | -2.09% May 1, 2026 - May 6, 2026 | N/A |
Correlation
Correlation between ION and MUNB is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2022 - 2026)
ION vs MUNB dividend yield comparison.
| Year | ION | MUNB |
|---|---|---|
| 2026 | 0.44% | 1.11% |
| 2025 | 1.63% | 0.90% |
| 2024 | 1.74% | 0.00% |
| 2023 | 2.23% | 0.00% |
| 2022 | 0.13% | 0.00% |
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