Correlation
The correlation between DAT and FPX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
DAT vs. FPX
Compare and contrast key facts about ProShares Big Data Refiners ETF (DAT) and First Trust US Equity Opportunities ETF (FPX).
DAT and FPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DAT is a passively managed fund by ProShares that tracks the performance of the FactSet Big Data Refiners Index. It was launched on Sep 29, 2021. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. Both DAT and FPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DAT or FPX.
Performance
DAT vs. FPX - Performance Comparison
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Key characteristics
DAT:
0.96
FPX:
1.14
DAT:
1.24
FPX:
1.56
DAT:
1.16
FPX:
1.21
DAT:
0.83
FPX:
1.09
DAT:
2.61
FPX:
3.36
DAT:
9.58%
FPX:
10.15%
DAT:
33.05%
FPX:
32.18%
DAT:
-56.22%
FPX:
-56.29%
DAT:
-7.87%
FPX:
-4.35%
Returns By Period
In the year-to-date period, DAT achieves a 2.73% return, which is significantly lower than FPX's 14.88% return.
DAT
2.73%
10.17%
-1.66%
31.37%
22.97%
N/A
N/A
FPX
14.88%
15.30%
6.93%
36.55%
15.01%
11.58%
10.23%
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DAT vs. FPX - Expense Ratio Comparison
DAT has a 0.58% expense ratio, which is higher than FPX's 0.57% expense ratio.
Risk-Adjusted Performance
DAT vs. FPX — Risk-Adjusted Performance Rank
DAT
FPX
DAT vs. FPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and First Trust US Equity Opportunities ETF (FPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
DAT vs. FPX - Dividend Comparison
DAT has not paid dividends to shareholders, while FPX's dividend yield for the trailing twelve months is around 0.08%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAT ProShares Big Data Refiners ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPX First Trust US Equity Opportunities ETF | 0.08% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% | 0.79% |
Drawdowns
DAT vs. FPX - Drawdown Comparison
The maximum DAT drawdown since its inception was -56.22%, roughly equal to the maximum FPX drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for DAT and FPX.
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Volatility
DAT vs. FPX - Volatility Comparison
The current volatility for ProShares Big Data Refiners ETF (DAT) is 6.19%, while First Trust US Equity Opportunities ETF (FPX) has a volatility of 7.48%. This indicates that DAT experiences smaller price fluctuations and is considered to be less risky than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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