DAT vs. UVXY

Last updated Jun 4, 2026

DAT (ProShares Big Data Refiners ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - DAT is a Technology Equities fund tracking the FactSet Big Data Refiners Index, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 3 years, DAT returned 16.04%/yr vs -64.55%/yr for UVXY. At a correlation of -0.55, they often move in opposite directions. DAT charges 0.58%/yr vs 0.95%/yr for UVXY.

Performance

DAT vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Big Data Refiners ETF (DAT) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 higher than UVXY's -19.06% return.

DAT

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

UVXY

• 1D: -0.24%
• 1M: -22.10%
• YTD: -19.06%
• 6M: -37.37%
• 1Y: -72.91%
• 3Y*: -64.55%
• 5Y*: -67.90%
• 10Y*: -72.67%

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

DAT vs. UVXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAT ProShares Big Data Refiners ETF	-3.11%	3.49%	33.22%	51.76%	-44.33%	-3.78%
UVXY ProShares Ultra VIX Short-Term Futures ETF	-19.06%	-65.32%	-50.90%	-87.70%	-44.81%	-49.37%

Correlation

The correlation between DAT and UVXY is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.40
Correlation (3Y) Calculated over the trailing 3-year period	-0.51
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	-0.55

The correlation between DAT and UVXY shifts across timeframes, from -0.55 (all time) to -0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DAT vs. UVXY — 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

UVXY

UVXY Risk / Return Rank: 1
UVXY Sharpe Ratio Rank: 2
UVXY Sortino Ratio Rank: 1
UVXY Omega Ratio Rank: 1
UVXY Calmar Ratio Rank: 1
UVXY Martin Ratio Rank: 2

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. UVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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	UVXY	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	-0.87	+0.74
Sortino ratio: Return per unit of downside risk	0.03	-1.60	+1.63
Omega ratio: Gain probability vs. loss probability	1.00	0.82	+0.19
Calmar ratio: Return relative to maximum drawdown	-0.11	-0.97	+0.86
Martin ratio: Return relative to average drawdown	-0.25	-1.31	+1.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAT vs. UVXY - Sharpe Ratio Comparison

The current DAT Sharpe Ratio is -0.13, which is higher than the UVXY Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of DAT and UVXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DAT	UVXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	-0.87	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.68	+0.73

Drawdowns

DAT vs. UVXY - Drawdown Comparison

The maximum DAT drawdown since its inception was -56.22%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for DAT and UVXY.

Drawdown Indicators

	DAT	UVXY	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-100.00%	+43.78%
Max Drawdown (1Y) Largest decline over 1 year	-34.70%	-75.22%	+40.52%
Max Drawdown (3Y) Largest decline over 3 years	-34.73%	-95.45%	+60.72%
Max Drawdown (5Y) Largest decline over 5 years	—	-99.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	-10.08%	-100.00%	+89.92%
Average Drawdown Average peak-to-trough decline	-26.23%	-98.55%	+72.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.10%	55.63%	-40.53%

Volatility

DAT vs. UVXY - Volatility Comparison

ProShares Big Data Refiners ETF (DAT) has a higher volatility of 13.55% compared to ProShares Ultra VIX Short-Term Futures ETF (UVXY) at 11.77%. This indicates that DAT's price experiences larger fluctuations and is considered to be riskier than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAT	UVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	11.77%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	25.18%	62.64%	-37.46%
Volatility (1Y) Calculated over the trailing 1-year period	29.78%	84.42%	-54.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.02%	103.85%	-69.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.02%	113.82%	-79.80%

DAT vs. UVXY - Expense Ratio Comparison

DAT has a 0.58% expense ratio, which is lower than UVXY's 0.95% expense ratio.

Dividends

DAT vs. UVXY - Dividend Comparison

Neither DAT nor UVXY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DAT and UVXY in my portfolio?

DAT and UVXY have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAT or UVXY?

DAT has higher volatility (13.55%) compared to UVXY (11.77%). In terms of maximum drawdown, DAT dropped -56.22% vs UVXY's -100.00%.

Which ETF is better, DAT or UVXY?

On 3-year performance, DAT leads with 16.04% vs -64.55% for UVXY. On fees, DAT is cheaper at 0.58% per year. On volatility, UVXY has been the lower-risk option at 11.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DAT or UVXY?

Over the 3-year period, DAT has performed better with a 16.04% return vs -64.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DAT or UVXY?

DAT is cheaper with a 0.58% expense ratio, compared with 0.95% for UVXY.

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

DAT and UVXY have nearly identical dividend yields, around 0.00%.

What is the main difference between DAT and UVXY?

DAT is categorized as Technology Equities, while UVXY is Volatility. DAT tracks FactSet Big Data Refiners Index, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.58% for DAT and 0.95% for UVXY.

Which has better risk-adjusted returns?

DAT currently has the higher Sharpe Ratio (-0.13 vs -0.87), 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.