Do FDRV and ION hold the same stocks?

By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, FDRV or ION?

FDRV has 21% of its weight in S&P 500 names and ION has 3%, so ION differs more from the index.

Which is cheaper, FDRV or ION?

FDRV charges 0.39% a year and ION charges 0.58%, so FDRV is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live

FDRV vs ION: which is really different?

FDRV and ION hold 0% of their weight in the same names, and ION returned +18.9% over the year. Fidelity Electric Vehicles and Future Transportation ETF and ProShares S&P Global Core Battery Metals ETF.

21.3%

FDRV in the S&P 500

2.6%

ION in the S&P 500

−8.2%

FDRV total return, 1 year

+18.9%

ION total return, 1 year

FDRV · 1 year to Sep 30, 202679% of its weight is outside the S&P 500

21% of FDRV's weight is in S&P 500 companies and 79% is outside the index

ION · 1 year to Sep 30, 202697% of its weight is outside the S&P 500

3% of ION's weight is in S&P 500 companies and 97% is outside the index

ETFIQ Off-Index Score · ION scores higherHow much of it is not the index it is sold as an alternative to?

FDRV 42.8

ION 92

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, FDRV and ION hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding FDRV ION

Only in FDRV

TESLA INC 4.95%

UBER TECHNOLOGIES INC 4.92%

CONTEMPORARY AMPEREX TECHNOLOGY CO LTD 4.78%

INFINEON TECHNOLOGIES AG 4.65%

NXP SEMICONDUCTORS NV 4.30%

BYD CO LTD 3.88%

RIVIAN AUTOMOTIVE INC 3.83%

ALLEGRO MICROSYSTEMS INC 3.61%

Only in ION

PACIFIC METALS CO LTD 5.04%

IGO LTD 3.74%

PT TIMAH (PERSERO) TBK 3.55%

VALE INDONESIA TBK 3.39%

SIGMA LITHIUM CORP 3.19%

ERAMET 2.93%

TIBET MINERAL DEVELOPMENT-A 2.93%

PLS GROUP LTD 2.90%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

0% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	FDRV	ION	FDRV	ION	FDRV	ION
3 months	−16.6%	−10.4%	−19.1 pts	−12.9 pts	−18.7 pts	−12.5 pts
6 months	−2.9%	−19.6%	−19.9 pts	−36.6 pts	−29.8 pts	−46.5 pts
1 year	−8.2%	+18.9%	−23.9 pts	+3.1 pts	−31.9 pts	−4.9 pts
3 years	−4.0%	+48.5%	−89.0 pts	−36.5 pts	−114.0 pts	−61.5 pts
Since launch FDRV Oct 2021 · ION Dec 2022	−35.6%	+16.1%	−121.5 pts	−81.1 pts	−145.5 pts	−141.7 pts

FDRV and ION over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

FDRV

Fidelity Electric Vehicles and Future Transportation ETF · Holds 50 stocks in electric vehicles and batteries, 21% of its weight in S&P 500 companies

ION

ProShares S&P Global Core Battery Metals ETF · Holds 53 stocks in lithium and battery metals, 3% of its weight in S&P 500 companies

Issuer Fidelity ProShares

Theme Electric vehicles and batteries Lithium and battery metals

In the S&P 500 21.3% 2.6%

Active share vs the S&P 500 97.4% 100.0%

In the Nasdaq-100 9.7% 0.0%

Holdings 50 53

Top ten, share of the fund 41.5% 33.4%

Expense ratio 0.39% 0.58%

Fee for the differing part 0.40% 0.58%

Total return, 1 year −8.2% +18.9%

vs the S&P 500 −23.9 pts +3.1 pts

vs the Nasdaq-100 −31.9 pts −4.9 pts

Below its high −45.3% −32.9%

Net assets $25m $12m

FDRV and ION on the same fields, as of Sep 30, 2026. Source: ETFIQ.

FDRV in plain words

By weight, 21% of FDRV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 42% of the fund across 50 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned −8.2% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 23.9 pts. It sits 45.3% below its all-time high of Nov 8, 2021.

ION in plain words

By weight, 3% of ION's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 33% of the fund across 53 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +18.9% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 3.1 pts. It sits 32.9% below its all-time high of May 6, 2026.

Questions people ask

Do FDRV and ION hold the same stocks?: By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FDRV or ION?: FDRV has 21% of its weight in S&P 500 names and ION has 3%, so ION differs more from the index.
Which is cheaper, FDRV or ION?: FDRV charges 0.39% a year and ION charges 0.58%, so FDRV is cheaper. Fees come from each fund's prospectus.

Other comparisons

FDRV vs ILIT FDRV vs LIT FDRV vs LITP FDRV vs WATS ION vs KARS ION vs LIMI ION vs LIT ION vs LITP

FDRV on its own →ION on its own →How every figure is computed →Standards and sources →

Where these figures came from

FDRV filings on SEC EDGAR ↗FDRV prospectus with the expense ratio (SEC) ↗Fidelity website ↗ION filings on SEC EDGAR ↗ION prospectus with the expense ratio (SEC) ↗ProShares page for ION ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, FDRV against ION, data as of Sep 30, 2026. https://etfiq.com/compare/themes/fdrv-vs-ion

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.