DAT vs. PLTR

Last updated Jun 4, 2026

DAT (ProShares Big Data Refiners ETF) is Technology Equities fund tracking the FactSet Big Data Refiners Index, while PLTR (Palantir Technologies Inc.) is a stock. Over the past 3 years, DAT returned 16.04%/yr vs 113.95%/yr for PLTR. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

DAT vs. PLTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Big Data Refiners ETF (DAT) and Palantir Technologies Inc. (PLTR). 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 higher than PLTR's -20.00% return.

DAT

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

PLTR

• 1D: -6.55%
• 1M: -2.62%
• YTD: -20.00%
• 6M: -19.24%
• 1Y: 6.78%
• 3Y*: 113.95%
• 5Y*: 42.70%
• 10Y*: —

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

DAT vs. PLTR - 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%
PLTR Palantir Technologies Inc.	-20.00%	135.03%	340.48%	167.45%	-64.74%	-24.25%

Correlation

The correlation between DAT and PLTR is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	0.74

The correlation between DAT and PLTR shifts across timeframes, from 0.58 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DAT vs. PLTR — 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

PLTR

PLTR Risk / Return Rank: 43
PLTR Sharpe Ratio Rank: 45
PLTR Sortino Ratio Rank: 42
PLTR Omega Ratio Rank: 42
PLTR Calmar Ratio Rank: 44
PLTR Martin Ratio Rank: 44

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. PLTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and Palantir Technologies Inc. (PLTR). 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	PLTR	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	0.13	-0.26
Sortino ratio: Return per unit of downside risk	0.03	0.53	-0.50
Omega ratio: Gain probability vs. loss probability	1.00	1.07	-0.06
Calmar ratio: Return relative to maximum drawdown	-0.11	0.18	-0.29
Martin ratio: Return relative to average drawdown	-0.25	0.33	-0.58
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. PLTR - Sharpe Ratio Comparison

The current DAT Sharpe Ratio is -0.13, which is lower than the PLTR Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of DAT and PLTR, 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	PLTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	0.13	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.88	-0.83

Drawdowns

DAT vs. PLTR - Drawdown Comparison

The maximum DAT drawdown since its inception was -56.22%, smaller than the maximum PLTR drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for DAT and PLTR.

Drawdown Indicators

	DAT	PLTR	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-84.62%	+28.40%
Max Drawdown (1Y) Largest decline over 1 year	-34.70%	-38.19%	+3.49%
Max Drawdown (3Y) Largest decline over 3 years	-34.73%	-40.61%	+5.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-79.14%	—
Current Drawdown Current decline from peak	-10.08%	-31.36%	+21.28%
Average Drawdown Average peak-to-trough decline	-26.23%	-40.31%	+14.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.10%	20.40%	-5.30%

Volatility

DAT vs. PLTR - Volatility Comparison

The current volatility for ProShares Big Data Refiners ETF (DAT) is 13.55%, while Palantir Technologies Inc. (PLTR) has a volatility of 18.39%. This indicates that DAT experiences smaller price fluctuations and is considered to be less risky than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAT	PLTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	18.39%	-4.84%
Volatility (6M) Calculated over the trailing 6-month period	25.18%	38.32%	-13.14%
Volatility (1Y) Calculated over the trailing 1-year period	29.78%	51.70%	-21.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.02%	65.41%	-31.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.02%	69.86%	-35.84%

Dividends

DAT vs. PLTR - Dividend Comparison

Neither DAT nor PLTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DAT and PLTR in my portfolio?

DAT and PLTR have a correlation of 0.58, 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 PLTR?

PLTR has higher volatility (18.39%) compared to DAT (13.55%). In terms of maximum drawdown, DAT dropped -56.22% vs PLTR's -84.62%.

Which has better risk-adjusted returns?

PLTR currently has the higher Sharpe Ratio (0.13 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.