DAT vs. TQQQ
Compare and contrast key facts about ProShares Big Data Refiners ETF (DAT) and ProShares UltraPro QQQ (TQQQ).
DAT and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both DAT and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DAT vs. TQQQ - Performance Comparison
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DAT vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DAT ProShares Big Data Refiners ETF | -24.83% | 3.49% | 33.22% | 51.76% | -44.33% | -3.78% |
TQQQ ProShares UltraPro QQQ | -20.81% | 34.35% | 58.27% | 198.04% | -79.09% | 33.52% |
Returns By Period
In the year-to-date period, DAT achieves a -24.83% return, which is significantly lower than TQQQ's -20.81% return.
DAT
- 1D
- 2.47%
- 1M
- -6.54%
- YTD
- -24.83%
- 6M
- -28.77%
- 1Y
- -13.31%
- 3Y*
- 11.65%
- 5Y*
- —
- 10Y*
- —
TQQQ
- 1D
- 10.00%
- 1M
- -15.69%
- YTD
- -20.81%
- 6M
- -19.12%
- 1Y
- 46.49%
- 3Y*
- 45.09%
- 5Y*
- 12.72%
- 10Y*
- 34.82%
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DAT vs. TQQQ - Expense Ratio Comparison
DAT has a 0.58% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Return for Risk
DAT vs. TQQQ — Risk / Return Rank
DAT
TQQQ
DAT vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.42 | 0.69 | -1.12 |
Sortino ratioReturn per unit of downside risk | -0.42 | 1.37 | -1.80 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.19 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.47 | 1.25 | -1.72 |
Martin ratioReturn relative to average drawdown | -1.27 | 3.87 | -5.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DAT | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 0.69 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.64 | -0.75 |
Correlation
The correlation between DAT and TQQQ is 0.76, 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.
Dividends
DAT vs. TQQQ - Dividend Comparison
DAT has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.76%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 0.76% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
DAT vs. TQQQ - Drawdown Comparison
The maximum DAT drawdown since its inception was -56.22%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for DAT and TQQQ.
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Drawdown Indicators
| DAT | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.22% | -81.66% | +25.44% |
Max Drawdown (1Y)Largest decline over 1 year | -31.89% | -36.97% | +5.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -30.23% | -30.66% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -26.38% | -18.66% | -7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.70% | 12.00% | -0.30% |
Volatility
DAT vs. TQQQ - Volatility Comparison
The current volatility for ProShares Big Data Refiners ETF (DAT) is 7.86%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.43%. This indicates that DAT experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAT | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 19.43% | -11.57% |
Volatility (6M)Calculated over the trailing 6-month period | 20.08% | 38.32% | -18.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.52% | 67.26% | -35.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.61% | 66.55% | -32.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.61% | 65.83% | -32.22% |