Do ION and LIMI hold the same stocks?

By their latest filings, 22% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.

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

ION has 3% of its weight in S&P 500 names and LIMI has 8%, so ION differs more from the index.

Which is cheaper, ION or LIMI?

ION charges 0.58% a year and LIMI charges 0.35%, so LIMI is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live

ION vs LIMI: which is really different?

ION and LIMI hold 22% of their weight in the same names. ProShares S&P Global Core Battery Metals ETF and Themes Lithium & Battery Metal Miners ETF.

2.6%

ION in the S&P 500

7.5%

LIMI in the S&P 500

+18.9%

ION total return, 1 year

+12.1%

LIMI total return, 1 year

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

LIMI · 1 year to Sep 25, 202693% of its weight is outside the S&P 500

8% of LIMI's weight is in S&P 500 companies and 93% 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?

ION 92

LIMI 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, ION and LIMI hold 22% 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

22% in common

Positions both hold, largest shared weight first

Holding ION LIMI

IGO LTD 3.74% 3.57%

PLS GROUP LTD 2.90% 9.08%

ALBEMARLE CORP 2.62% 7.46%

MINERAL RESOURCES LTD 2.51% 3.10%

ERAMET 2.93% 2.48%

LIONTOWN LTD 2.39% 3.88%

ELEVRA LITHIUM LTD 2.27% 3.11%

QUIMICA Y MINERA CHIL-SP ADR 2.88% 1.33%

SIGMA LITHIUM CORP 3.19% 0.97%

AMG CRITICAL MATERIALS N.V. 1.92% 0.96%

Only in ION

PACIFIC METALS CO LTD 5.04%

PT TIMAH (PERSERO) TBK 3.55%

VALE INDONESIA TBK 3.39%

TIBET MINERAL DEVELOPMENT-A 2.93%

AFRICAN RAINBOW MINERALS LTD 2.88%

ANTAM PERSERO TBK PT 2.71%

ZANGGE MINING CO LTD-A 2.70%

QINGHAI SALT LAKE INDUSTRY-A 2.50%

Only in LIMI

TINCI 7.02%

Tianqi Lithium Corp 5.52%

Zhejiang Huayou Cobalt Co Ltd 5.35%

Ganfeng Lithium Group Co Ltd 3.88%

Xiamen Tungsten Co Ltd 3.44%

CAPCHEM 3.35%

Lithium Americas Corp 3.16%

Core Lithium Ltd 2.96%

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

22% 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	ION	LIMI	ION	LIMI	ION	LIMI
3 months	−10.4%	−15.3%	−12.9 pts	−21.4 pts	−12.5 pts	−20.8 pts
6 months	−19.6%	−16.6%	−36.6 pts	−38.8 pts	−46.5 pts	−49.2 pts
1 year	+18.9%	+12.1%	+3.1 pts	−6.4 pts	−4.9 pts	−14.0 pts
3 years	+48.5%	not published	−36.5 pts	not published	−61.5 pts	not published
Since launch ION Dec 2022 · LIMI Sep 2024	+16.1%	+62.3%	−81.1 pts	+24.2 pts	−141.7 pts	+7.4 pts

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

On the same fields

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

LIMI

Themes Lithium & Battery Metal Miners ETF · Holds 41 stocks in lithium and battery metals, 8% of its weight in S&P 500 companies

Issuer ProShares Themes

Theme Lithium and battery metals Lithium and battery metals

In the S&P 500 2.6% 7.5%

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

In the Nasdaq-100 0.0% 0.0%

Holdings 53 41

Top ten, share of the fund 33.4% 52.6%

Expense ratio 0.58% 0.35%

Fee for the differing part 0.58% 0.35%

Total return, 1 year +18.9% +12.1%

vs the S&P 500 +3.1 pts −6.4 pts

vs the Nasdaq-100 −4.9 pts −14.0 pts

Below its high −32.9% −36.3%

Net assets $12m $2m

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

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.

LIMI in plain words

By weight, 8% of LIMI'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 53% of the fund across 41 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned +12.1% with distributions reinvested against +18.5% for the S&P 500, so a holder was behind by 6.4 pts. It sits 36.3% below its all-time high of May 6, 2026.

Questions people ask

Do ION and LIMI hold the same stocks?: By their latest filings, 22% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ION or LIMI?: ION has 3% of its weight in S&P 500 names and LIMI has 8%, so ION differs more from the index.
Which is cheaper, ION or LIMI?: ION charges 0.58% a year and LIMI charges 0.35%, so LIMI is cheaper. Fees come from each fund's prospectus.

Other comparisons

ION vs KARS ION vs CABZ ION vs DRIV ION vs EVMT LIMI vs DRIV LIMI vs EVMT LIMI vs LIT LIMI vs LITP

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

Where these figures came from

ION filings on SEC EDGAR ↗ION prospectus with the expense ratio (SEC) ↗ProShares page for ION ↗LIMI filings on SEC EDGAR ↗LIMI prospectus with the expense ratio (SEC) ↗Themes page for LIMI ↗

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

Open data

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