DAT vs. SPY
Compare and contrast key facts about ProShares Big Data Refiners ETF (DAT) and SPDR S&P 500 ETF (SPY).
DAT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both DAT and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DAT or SPY.
Key characteristics
| DAT | SPY | |
|---|---|---|
| YTD Return | 5.03% | 19.17% |
| 1Y Return | 25.79% | 28.27% |
| Sharpe Ratio | 0.96 | 2.11 |
| Daily Std Dev | 25.20% | 12.62% |
| Max Drawdown | -56.22% | -55.19% |
| Current Drawdown | -24.10% | -0.36% |
Correlation
The correlation between DAT and SPY is 0.74, 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. SPY - Performance Comparison
In the year-to-date period, DAT achieves a 5.03% return, which is significantly lower than SPY's 19.17% 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. SPY - Expense Ratio Comparison
DAT has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DAT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
DAT has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.93%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DAT vs. SPY - Drawdown Comparison
The maximum DAT drawdown since its inception was -56.22%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DAT and SPY. For additional features, visit the drawdowns tool.
Volatility
DAT vs. SPY - Volatility Comparison
ProShares Big Data Refiners ETF (DAT) has a higher volatility of 7.05% compared to SPDR S&P 500 ETF (SPY) at 3.94%. This indicates that DAT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.