DAT vs. NVDA

Last updated Jun 4, 2026

DAT (ProShares Big Data Refiners ETF) is Technology Equities fund tracking the FactSet Big Data Refiners Index, while NVDA (NVIDIA Corporation) is a stock. Over the past 3 years, DAT returned 16.04%/yr vs 76.15%/yr for NVDA. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

DAT vs. NVDA - Performance Comparison

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

Returns By Period

In the year-to-date period, DAT achieves a -3.11% return, which is significantly lower than NVDA's 15.15% return.

DAT

• 1D: -4.79%
• 1M: 16.04%
• YTD: -3.11%
• 6M: -3.15%
• 1Y: -3.73%
• 3Y*: 16.04%
• 5Y*: —
• 10Y*: —

NVDA

• 1D: -3.62%
• 1M: 8.20%
• YTD: 15.15%
• 6M: 19.59%
• 1Y: 52.10%
• 3Y*: 76.15%
• 5Y*: 65.05%
• 10Y*: 68.84%

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

DAT vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAT ProShares Big Data Refiners ETF	-3.11%	3.49%	33.22%	51.76%	-44.33%	-3.78%
NVDA NVIDIA Corporation	15.15%	38.92%	171.25%	239.02%	-50.26%	41.99%

Correlation

The correlation between DAT and NVDA is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	0.57

Over the past year, the correlation between DAT and NVDA has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Return for Risk

DAT vs. NVDA — Risk / Return Rank

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

DAT

DAT Risk / Return Rank: 8
DAT Sharpe Ratio Rank: 7
DAT Sortino Ratio Rank: 8
DAT Omega Ratio Rank: 8
DAT Calmar Ratio Rank: 8
DAT Martin Ratio Rank: 8

NVDA

NVDA Risk / Return Rank: 78
NVDA Sharpe Ratio Rank: 81
NVDA Sortino Ratio Rank: 77
NVDA Omega Ratio Rank: 73
NVDA Calmar Ratio Rank: 79
NVDA Martin Ratio Rank: 79

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. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and NVIDIA Corporation (NVDA). 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.

	DAT	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	1.53	-1.66
Sortino ratio: Return per unit of downside risk	0.03	2.15	-2.12
Omega ratio: Gain probability vs. loss probability	1.00	1.26	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.11	2.59	-2.70
Martin ratio: Return relative to average drawdown	-0.25	6.36	-6.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAT vs. NVDA - Sharpe Ratio Comparison

The current DAT Sharpe Ratio is -0.13, which is lower than the NVDA Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of DAT and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DAT	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	1.53	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.63	-0.58

Drawdowns

DAT vs. NVDA - Drawdown Comparison

The maximum DAT drawdown since its inception was -56.22%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for DAT and NVDA.

Drawdown Indicators

	DAT	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-89.72%	+33.50%
Max Drawdown (1Y) Largest decline over 1 year	-34.70%	-20.21%	-14.49%
Max Drawdown (3Y) Largest decline over 3 years	-34.73%	-36.88%	+2.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-10.08%	-8.90%	-1.18%
Average Drawdown Average peak-to-trough decline	-26.23%	-36.21%	+9.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.10%	8.21%	+6.89%

Volatility

DAT vs. NVDA - Volatility Comparison

ProShares Big Data Refiners ETF (DAT) has a higher volatility of 13.55% compared to NVIDIA Corporation (NVDA) at 12.53%. This indicates that DAT's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAT	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	12.53%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	25.18%	25.54%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	29.78%	34.22%	-4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.02%	51.69%	-17.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.02%	49.80%	-15.78%

Dividends

DAT vs. NVDA - Dividend Comparison

DAT has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.

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%
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Frequently Asked Questions

Can I hold both DAT and NVDA in my portfolio?

DAT and NVDA have a correlation of 0.29, 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 NVDA?

DAT has higher volatility (13.55%) compared to NVDA (12.53%). In terms of maximum drawdown, DAT dropped -56.22% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (1.53 vs -0.13), 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.