DAT vs. SPRX
Compare and contrast key facts about ProShares Big Data Refiners ETF (DAT) and Spear Alpha ETF (SPRX).
DAT and SPRX 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. SPRX is an actively managed fund by Spear. It was launched on Aug 3, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DAT or SPRX.
Key characteristics
| DAT | SPRX | |
|---|---|---|
| YTD Return | 11.11% | 5.18% |
| 1Y Return | 30.61% | 31.11% |
| 3Y Return (Ann) | -3.10% | 5.63% |
| Sharpe Ratio | 1.24 | 1.12 |
| Sortino Ratio | 1.76 | 1.58 |
| Omega Ratio | 1.22 | 1.21 |
| Calmar Ratio | 0.72 | 1.02 |
| Martin Ratio | 5.11 | 3.46 |
| Ulcer Index | 6.10% | 9.77% |
| Daily Std Dev | 25.20% | 30.28% |
| Max Drawdown | -56.22% | -51.22% |
| Current Drawdown | -19.71% | -6.98% |
Correlation
The correlation between DAT and SPRX is 0.86, 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.
Performance
DAT vs. SPRX - Performance Comparison
In the year-to-date period, DAT achieves a 11.11% return, which is significantly higher than SPRX's 5.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DAT vs. SPRX - Expense Ratio Comparison
DAT has a 0.58% expense ratio, which is lower than SPRX's 0.75% expense ratio.
Risk-Adjusted Performance
DAT vs. SPRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and Spear Alpha ETF (SPRX). 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.
Dividends
DAT vs. SPRX - Dividend Comparison
Neither DAT nor SPRX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
DAT ProShares Big Data Refiners ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SPRX Spear Alpha ETF | 0.00% | 0.00% | 0.00% | 0.25% |
Drawdowns
DAT vs. SPRX - Drawdown Comparison
The maximum DAT drawdown since its inception was -56.22%, which is greater than SPRX's maximum drawdown of -51.22%. Use the drawdown chart below to compare losses from any high point for DAT and SPRX. For additional features, visit the drawdowns tool.
Volatility
DAT vs. SPRX - Volatility Comparison
The current volatility for ProShares Big Data Refiners ETF (DAT) is 5.15%, while Spear Alpha ETF (SPRX) has a volatility of 6.25%. This indicates that DAT experiences smaller price fluctuations and is considered to be less risky than SPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.