DAT vs. HDV

Last updated Jun 23, 2026

DAT (ProShares Big Data Refiners ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - DAT is a Technology Equities fund tracking the FactSet Big Data Refiners Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 3 years, DAT returned 12.94%/yr vs 14.97%/yr for HDV. At a 0.25 correlation, their price movements are largely independent. DAT charges 0.58%/yr vs 0.08%/yr for HDV.

Performance

DAT vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Big Data Refiners ETF (DAT) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAT achieves a -12.67% return, which is significantly lower than HDV's 12.57% return.

DAT

• 1D: -2.02%
• 1M: -3.57%
• YTD: -12.67%
• 6M: -15.01%
• 1Y: -11.07%
• 3Y*: 12.94%
• 5Y*: —
• 10Y*: —

HDV

• 1D: 0.15%
• 1M: -2.65%
• YTD: 12.57%
• 6M: 12.67%
• 1Y: 19.54%
• 3Y*: 14.97%
• 5Y*: 10.90%
• 10Y*: 9.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DAT vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAT ProShares Big Data Refiners ETF	-12.67%	3.49%	33.22%	51.76%	-44.33%	-4.44%
HDV iShares Core High Dividend ETF	12.57%	11.90%	14.16%	1.72%	7.05%	6.68%

Correlation

The correlation between DAT and HDV is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.25

The correlation between DAT and HDV shifts across timeframes, from -0.10 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

DAT vs. HDV - Sectors Allocation Comparison

Sectors	DAT	HDV
Technology	96.9%	0.2%
Communication Services	2.3%	5.7%
Utilities	1.2%	8.1%
Healthcare	0.7%	22.6%
Basic Materials	-	0.8%
Consumer Cyclical	-	9.2%
Consumer Defensive	-	24.5%
Energy	-	20.2%
Financial Services	-	4.7%
Industrials	-	3.5%
Real Estate	-	-

Return for Risk

DAT vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DAT

DAT Risk / Return Rank: 6
DAT Sharpe Ratio Rank: 6
DAT Sortino Ratio Rank: 6
DAT Omega Ratio Rank: 6
DAT Calmar Ratio Rank: 6
DAT Martin Ratio Rank: 6

HDV

HDV Risk / Return Rank: 64
HDV Sharpe Ratio Rank: 62
HDV Sortino Ratio Rank: 66
HDV Omega Ratio Rank: 57
HDV Calmar Ratio Rank: 77
HDV Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DAT vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and iShares Core High Dividend ETF (HDV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DAT	HDV	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	1.99	-2.36
Sortino ratio: Return per unit of downside risk	-0.33	2.92	-3.26
Omega ratio: Gain probability vs. loss probability	0.96	1.34	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.32	3.79	-4.11
Martin ratio: Return relative to average drawdown	-0.72	10.39	-11.11

DAT vs. HDV - Sharpe Ratio Comparison

The current DAT Sharpe Ratio is -0.37, which is lower than the HDV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of DAT and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DAT vs. HDV - Drawdown Comparison

The maximum DAT drawdown since its inception was -56.22%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for DAT and HDV.

Drawdown Indicators

	DAT	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-37.04%	-19.18%
Max Drawdown (1Y) Largest decline over 1 year	-34.70%	-5.18%	-29.52%
Max Drawdown (3Y) Largest decline over 3 years	-34.73%	-10.49%	-24.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.04%	—
Current Drawdown Current decline from peak	-18.95%	-2.65%	-16.30%
Average Drawdown Average peak-to-trough decline	-26.09%	-3.08%	-23.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.42%	1.89%	+13.53%

Volatility

DAT vs. HDV - Volatility Comparison

ProShares Big Data Refiners ETF (DAT) has a higher volatility of 13.74% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that DAT's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAT	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.74%	3.37%	+10.37%
Volatility (6M) Calculated over the trailing 6-month period	25.43%	7.52%	+17.91%
Volatility (1Y) Calculated over the trailing 1-year period	30.36%	9.87%	+20.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.96%	12.80%	+21.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.96%	15.74%	+18.22%

DAT vs. HDV - Expense Ratio Comparison

DAT has a 0.58% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

DAT vs. HDV - Dividend Comparison

DAT has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 2.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
HDV iShares Core High Dividend ETF	2.94%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%

Frequently Asked Questions

Can I hold both DAT and HDV in my portfolio?

DAT and HDV have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAT or HDV?

DAT has higher volatility (13.74%) compared to HDV (3.37%). In terms of maximum drawdown, DAT dropped -56.22% vs HDV's -37.04%.

Which ETF is better, DAT or HDV?

On 3-year performance, HDV leads with 14.97% vs 12.94% for DAT. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DAT or HDV?

Over the 3-year period, HDV has performed better with a 14.97% return vs 12.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DAT or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.58% for DAT.

Which ETF pays a higher dividend yield, DAT or HDV?

HDV has the higher dividend yield at 2.94%, compared with 0.00% for DAT.

What is the main difference between DAT and HDV?

DAT is categorized as Technology Equities, while HDV is Dividend. DAT tracks FactSet Big Data Refiners Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.58% for DAT and 0.08% for HDV.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (1.99 vs -0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.