DAT vs. SIXH
DAT (ProShares Big Data Refiners ETF) and SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) are both exchange-traded funds - DAT is a Technology Equities fund tracking the FactSet Big Data Refiners Index, while SIXH is a Volatility Hedged Equity fund actively managed by Exchange Traded Concepts. DAT is passively managed, while SIXH is actively managed. Over the past 3 years, DAT returned 12.94%/yr vs 13.19%/yr for SIXH. At a 0.17 correlation, their price movements are largely independent. DAT charges 0.58%/yr vs 0.87%/yr for SIXH.
Performance
DAT vs. SIXH - Performance Comparison
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Returns By Period
In the year-to-date period, DAT achieves a -12.67% return, which is significantly lower than SIXH's 9.61% return.
DAT
- 1D
- -2.02%
- 1M
- -3.57%
- YTD
- -12.67%
- 6M
- -15.01%
- 1Y
- -11.07%
- 3Y*
- 12.94%
- 5Y*
- —
- 10Y*
- —
SIXH
- 1D
- 0.55%
- 1M
- 0.87%
- YTD
- 9.61%
- 6M
- 9.61%
- 1Y
- 13.50%
- 3Y*
- 13.19%
- 5Y*
- 9.64%
- 10Y*
- —
DAT vs. SIXH - 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% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 9.61% | 9.47% | 12.06% | 4.93% | 6.90% | 3.18% |
Correlation
The correlation between DAT and SIXH is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.17 |
The correlation between DAT and SIXH shifts across timeframes, from -0.09 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DAT vs. SIXH — Risk / Return Rank
DAT
SIXH
DAT vs. SIXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH). 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 | SIXH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.31 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.11 | -3.43 |
| Martin ratioReturn relative to average drawdown | -0.72 | 7.88 | -8.60 |
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Drawdowns
DAT vs. SIXH - Drawdown Comparison
The maximum DAT drawdown since its inception was -56.22%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for DAT and SIXH.
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Drawdown Indicators
| DAT | SIXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.22% | -11.68% | -44.54% |
Max Drawdown (1Y)Largest decline over 1 year | -34.70% | -4.36% | -30.34% |
Max Drawdown (3Y)Largest decline over 3 years | -34.73% | -9.10% | -25.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.68% | — |
Current DrawdownCurrent decline from peak | -18.95% | -0.47% | -18.48% |
Average DrawdownAverage peak-to-trough decline | -26.09% | -1.84% | -24.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.42% | 1.72% | +13.70% |
Volatility
DAT vs. SIXH - Volatility Comparison
ProShares Big Data Refiners ETF (DAT) has a higher volatility of 13.74% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.33%. This indicates that DAT's price experiences larger fluctuations and is considered to be riskier than SIXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAT | SIXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 2.33% | +11.41% |
Volatility (6M)Calculated over the trailing 6-month period | 25.43% | 6.07% | +19.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.36% | 7.68% | +22.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.96% | 10.37% | +23.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.96% | 10.13% | +23.83% |
DAT vs. SIXH - Expense Ratio Comparison
DAT has a 0.58% expense ratio, which is lower than SIXH's 0.87% expense ratio.
Dividends
DAT vs. SIXH - Dividend Comparison
DAT has not paid dividends to shareholders, while SIXH's dividend yield for the trailing twelve months is around 1.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DAT ProShares Big Data Refiners ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.85% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% |
Frequently Asked Questions
DAT and SIXH have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAT has higher volatility (13.74%) compared to SIXH (2.33%). In terms of maximum drawdown, DAT dropped -56.22% vs SIXH's -11.68%.
On 3-year performance, SIXH leads with 13.19% vs 12.94% for DAT. On fees, DAT is cheaper at 0.58% per year. On volatility, SIXH has been the lower-risk option at 2.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SIXH has performed better with a 13.19% return vs 12.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DAT is cheaper with a 0.58% expense ratio, compared with 0.87% for SIXH.
SIXH has the higher dividend yield at 1.85%, compared with 0.00% for DAT.
DAT is categorized as Technology Equities, while SIXH is Volatility Hedged Equity. They also come from different issuers: ProShares and Exchange Traded Concepts. Their fees differ too: 0.58% for DAT and 0.87% for SIXH.
SIXH currently has the higher Sharpe Ratio (1.77 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.
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