DAT vs. TCAI

Last updated Jun 4, 2026

DAT (ProShares Big Data Refiners ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Technology Equities funds. DAT is passively managed, while TCAI is actively managed. At a 0.30 correlation, their price movements are largely independent. DAT charges 0.58%/yr vs 0.65%/yr for TCAI.

Performance

DAT vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Big Data Refiners ETF (DAT) and Tortoise AI Infrastructure ETF (TCAI). 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 TCAI's 89.63% return.

DAT

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

TCAI

• 1D: -0.27%
• 1M: 19.58%
• YTD: 89.63%
• 6M: 85.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DAT vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
DAT ProShares Big Data Refiners ETF	-3.11%	-0.10%
TCAI Tortoise AI Infrastructure ETF	89.63%	17.77%

Correlation

The correlation between DAT and TCAI is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.30

DAT vs. TCAI - Sectors Allocation Comparison

Sectors	DAT	TCAI
Technology	97.1%	44.0%
Communication Services	2.2%	1.1%
Utilities	1.2%	11.1%
Healthcare	0.8%	-
Basic Materials	-	-
Consumer Cyclical	-	1.4%
Consumer Defensive	-	-
Energy	-	6.1%
Financial Services	-	6.4%
Industrials	-	29.9%
Real Estate	-	0.6%

Return for Risk

DAT vs. TCAI — 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

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. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and Tortoise AI Infrastructure ETF (TCAI). 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	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	—	—
Sortino ratio: Return per unit of downside risk	0.03	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.11	—	—
Martin ratio: Return relative to average drawdown	-0.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DAT	TCAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	4.61	-4.56

Drawdowns

DAT vs. TCAI - Drawdown Comparison

The maximum DAT drawdown since its inception was -56.22%, which is greater than TCAI's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for DAT and TCAI.

Drawdown Indicators

	DAT	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-15.80%	-40.42%
Max Drawdown (1Y) Largest decline over 1 year	-34.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-34.73%	—	—
Current Drawdown Current decline from peak	-10.08%	-0.27%	-9.81%
Average Drawdown Average peak-to-trough decline	-26.23%	-3.43%	-22.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.10%	—	—

Volatility

Volatility by Period

	DAT	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.78%	35.82%	-6.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.02%	35.82%	-1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.02%	35.82%	-1.80%

DAT vs. TCAI - Expense Ratio Comparison

DAT has a 0.58% expense ratio, which is lower than TCAI's 0.65% expense ratio.

Dividends

DAT vs. TCAI - Dividend Comparison

DAT has not paid dividends to shareholders, while TCAI's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025
DAT ProShares Big Data Refiners ETF	0.00%	0.00%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%

Frequently Asked Questions

Can I hold both DAT and TCAI in my portfolio?

DAT and TCAI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DAT or TCAI?

On fees, DAT is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DAT or TCAI?

DAT is cheaper with a 0.58% expense ratio, compared with 0.65% for TCAI.

Which ETF pays a higher dividend yield, DAT or TCAI?

TCAI has the higher dividend yield at 0.03%, compared with 0.00% for DAT.

What is the main difference between DAT and TCAI?

They also come from different issuers: ProShares and Tortoise. Their fees differ too: 0.58% for DAT and 0.65% for TCAI.