SHRT vs ION

Comparison between GOTHAM SHORT STRATEGIES ETF (SHRT, ETF) and PROSHARES S&P GLOBAL CORE BATTERY METALS ETF (ION, ETF).

SHRT vs ION - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHRT(ETF)	ION(ETF)
Net Assets	$14M	$14M
Expense Ratio	1.35%	0.58%
Max Drawdown	28.50%	53.84%
Sharpe Ratio	-1.35	0.97
5Y Beta	-0.43	1.05
P/E Ratio	24.97	N/A
Forward P/E	15.04	N/A
Debt to Equity	-32.10%	N/A
P/S Ratio	1.65	N/A
P/B Ratio	3.57	N/A

Net Assets

SHRT

$14M

Winner

ION

$14M

Expense Ratio

SHRT

1.35%

Winner

ION

0.58%

Max Drawdown

Winner

SHRT

28.50%

ION

53.84%

Sharpe Ratio

SHRT

-1.35

Winner

ION

0.97

5Y Beta

Winner

SHRT

-0.43

ION

1.05

P/E Ratio

SHRT

24.97

ION

N/A

Forward P/E

SHRT

15.04

ION

N/A

Debt to Equity

SHRT

-32.10%

ION

N/A

P/S Ratio

SHRT

1.65

ION

N/A

P/B Ratio

SHRT

3.57

ION

N/A

SHRT vs ION - Holdings Comparison

SHRT and ION have 1 common holdings. Overlap is -3.03%

SHRT's top 25 holdings weight is 170.29%. ION's top 25 holdings weight is 71.84%.

Rank	SHRT	ION
#1	CASH OFFSET (n/a) - 129.75%	PLS GROUP LTD (n/a) - 3.75%
#2	US DOLLARS (n/a) - 9.76%	n/a (SQM) - 3.69%
#3	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 6.89%	IGO LTD (n/a) - 3.61%
#4	MICRON TECHNOLOGY INC (MU) - 2.10%	LIONTOWN LTD (n/a) - 3.58%
#5	TECHNIPFMC PLC (FTI) - 1.45%	SIGMA LITHIUM CORP (n/a) - 3.56%
#6	UBER TECHNOLOGIES INC (UBER) - 1.31%	MINERAL RESOURCES LTD (n/a) - 3.55%
#7	HEWLETT PACKARD ENTERPRISE CO (HPE) - 1.29%	TIANQI LITHIUM CORP CLASS A (n/a) - 3.45%
#8	AGNICO EAGLE MINES LTD (AEM) - 1.27%	PACIFIC METALS CO LTD (n/a) - 3.39%
#9	ADOBE INC (ADBE) - 1.24%	TIBET MINERAL DEVELOPMENT CO LTD CLASS A (n/a) - 3.17%
#10	n/a (DELL) - 1.21%	CHENGXIN LITHIUM GROUP CO LTD CLASS A (n/a) - 3.12%
#11	ANALOG DEVICES INC (ADI) - 1.20%	ZANGGE MINING CO LTD CLASS A (n/a) - 3.07%
#12	SALESFORCE INC (CRM) - 1.20%	ALBEMARLE CORP (ALB) - 2.93%
#13	BLOOM ENERGY CORP CLASS A (BE) - 1.18%	PT VALE INDONESIA TBK (n/a) - 2.89%
#14	MARVELL TECHNOLOGY INC (MRVL) - 1.15%	ERAMET SA (n/a) - 2.64%
#15	VALERO ENERGY CORP (VLO) - 1.13%	AMG CRITICAL MATERIALS NV (n/a) - 2.56%
#16	MASIMO CORP (MASI) - 1.08%	XIZANG ZHUFENG RESOURCES CO LTD CLASS A (n/a) - 2.54%
#17	TRACTOR SUPPLY CO (TSCO) - 1.05%	SOUTH32 LTD (n/a) - 2.51%
#18	SOMNIGROUP INTERNATIONAL INC (SGI) - 1.04%	FIRST QUANTUM MINERALS LTD (n/a) - 2.50%
#19	VIKING HOLDINGS LTD (VIK) - 1.03%	n/a (n/a) - 2.43%
#20	COPART INC (CPRT) - 1.02%	AFRICAN RAINBOW MINERALS LTD (n/a) - 2.41%
#21	OCCIDENTAL PETROLEUM CORP (OXY) - 0.63%	PT TIMAH (PERSERO) TBK (n/a) - 2.28%
#22	PEPSICO INC (PEP) - 0.60%	GANFENG LITHIUM GROUP CO LTD (n/a) - 2.18%
#23	NETFLIX INC (NFLX) - 0.57%	ANTAM (PERSERO) TBK PT (n/a) - 2.02%
#24	NUTRIEN LTD (NTR) - 0.57%	CMOC GROUP LTD CLASS H (n/a) - 2.01%
#25	AMENTUM HOLDINGS INC (AMTM) - 0.57%	LUNDIN MINING CORP (n/a) - 2.00%
Total Holdings	659	64

SHRT vs ION - Historical Returns

Returns include dividend reinvestment.

Period	SHRT	ION
1 month	+2.12%	-11.67%
3 months	-5.03%	-24.73%
6 months	-10.21%	-26.87%
1 year	-14.62%	+43.17%
Max(CAGR)	-8.49%	+4.87%

Winner

SHRT

+2.12%

ION

-11.67%

Winner

SHRT

-5.03%

ION

-24.73%

Winner

SHRT

-10.21%

ION

-26.87%

SHRT

-14.62%

Winner

ION

+43.17%

Max(CAGR)

SHRT

-8.49%

Winner

ION

+4.87%

SHRT vs ION - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	SHRT	ION
2026	-14.57%	-11.18%
2025	-1.29%	+107.85%
2024	-2.64%	-19.65%
2023	-5.83%	-13.62%
2022	N/A	-8.86%

SHRT vs ION Drawdown Comparison

The maximum drawdown for SHRT was -27.85%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

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

The current SHRT drawdown is -23.34%. The current ION drawdown is -31.26%.

Rank	SHRT	ION
#1	-27.85% Aug 5, 2024 - Jun 30, 2026	-52.07% Feb 1, 2023 - Oct 30, 2025
#2	-7.34% Apr 19, 2024 - Aug 5, 2024	-33.66% May 6, 2026 - Jul 20, 2026
#3	-6.52% Nov 6, 2023 - Apr 19, 2024	-23.30% Jan 27, 2026 - Apr 17, 2026
#4	N/A	-9.89% Dec 2, 2022 - Jan 12, 2023
#5	N/A	-7.18% Oct 30, 2025 - Nov 10, 2025
#6	N/A	-6.26% Nov 19, 2025 - Nov 28, 2025
#7	N/A	-4.91% Dec 26, 2025 - Jan 5, 2026
#8	N/A	-4.32% Apr 17, 2026 - Apr 30, 2026
#9	N/A	-3.97% Jan 14, 2026 - Jan 22, 2026
#10	N/A	-3.33% Nov 28, 2025 - Dec 8, 2025
#11	N/A	-3.24% Dec 11, 2025 - Dec 18, 2025
#12	N/A	-3.01% Jan 6, 2026 - Jan 12, 2026
#13	N/A	-2.35% Jan 26, 2023 - Feb 1, 2023
#14	N/A	-2.13% Jan 12, 2023 - Jan 20, 2023
#15	N/A	-2.09% May 1, 2026 - May 6, 2026