DAT vs. VOO

Last updated Jun 23, 2026

DAT (ProShares Big Data Refiners ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - DAT is a Technology Equities fund tracking the FactSet Big Data Refiners Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, DAT returned 12.94%/yr vs 21.36%/yr for VOO. A 0.71 correlation means they provide meaningful diversification when combined. DAT charges 0.58%/yr vs 0.03%/yr for VOO.

Performance

DAT vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Big Data Refiners ETF (DAT) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAT achieves a -12.67% return, which is significantly lower than VOO's 9.75% return.

DAT

• 1D: -2.02%
• 1M: -3.57%
• YTD: -12.67%
• 6M: -15.01%
• 1Y: -11.07%
• 3Y*: 12.94%
• 5Y*: —
• 10Y*: —

VOO

• 1D: -0.29%
• 1M: 0.08%
• YTD: 9.75%
• 6M: 9.30%
• 1Y: 26.77%
• 3Y*: 21.36%
• 5Y*: 13.58%
• 10Y*: 15.77%

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

DAT vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAT ProShares Big Data Refiners ETF	-12.67%	3.49%	33.22%	51.76%	-44.33%	-4.44%
VOO Vanguard S&P 500 ETF	9.75%	17.82%	24.98%	26.32%	-18.17%	9.69%

Correlation

The correlation between DAT and VOO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.71

The correlation between DAT and VOO shifts across timeframes, from 0.54 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

DAT vs. VOO - Sectors Allocation Comparison

Sectors	DAT	VOO
Technology	96.9%	39.1%
Communication Services	2.3%	10.5%
Utilities	1.2%	2.5%
Healthcare	0.7%	8.3%
Basic Materials	-	1.7%
Consumer Cyclical	-	9.8%
Consumer Defensive	-	4.5%
Energy	-	3.2%
Financial Services	-	10.9%
Industrials	-	7.6%
Real Estate	-	1.8%

Return for Risk

DAT vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DAT

DAT Risk / Return Rank: 6
DAT Sharpe Ratio Rank: 6
DAT Sortino Ratio Rank: 6
DAT Omega Ratio Rank: 6
DAT Calmar Ratio Rank: 6
DAT Martin Ratio Rank: 6

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 67
VOO Omega Ratio Rank: 69
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 74

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and Vanguard S&P 500 ETF (VOO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DAT	VOO	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	2.17	-2.54
Sortino ratio: Return per unit of downside risk	-0.33	2.93	-3.26
Omega ratio: Gain probability vs. loss probability	0.96	1.39	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.32	3.02	-3.34
Martin ratio: Return relative to average drawdown	-0.72	13.58	-14.30

DAT vs. VOO - Sharpe Ratio Comparison

The current DAT Sharpe Ratio is -0.37, which is lower than the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of DAT and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DAT vs. VOO - Drawdown Comparison

The maximum DAT drawdown since its inception was -56.22%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DAT and VOO.

Drawdown Indicators

	DAT	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-33.99%	-22.23%
Max Drawdown (1Y) Largest decline over 1 year	-34.70%	-8.90%	-25.80%
Max Drawdown (3Y) Largest decline over 3 years	-34.73%	-18.69%	-16.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-18.95%	-1.74%	-17.21%
Average Drawdown Average peak-to-trough decline	-26.09%	-3.68%	-22.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.42%	1.98%	+13.44%

Volatility

DAT vs. VOO - Volatility Comparison

ProShares Big Data Refiners ETF (DAT) has a higher volatility of 13.74% compared to Vanguard S&P 500 ETF (VOO) at 4.60%. This indicates that DAT's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAT	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.74%	4.60%	+9.14%
Volatility (6M) Calculated over the trailing 6-month period	25.43%	9.73%	+15.70%
Volatility (1Y) Calculated over the trailing 1-year period	30.36%	12.39%	+17.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.96%	16.90%	+17.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.96%	18.05%	+15.91%

DAT vs. VOO - Expense Ratio Comparison

DAT has a 0.58% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

DAT vs. VOO - Dividend Comparison

DAT has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.04%.

Position	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%
VOO Vanguard S&P 500 ETF	1.04%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both DAT and VOO in my portfolio?

DAT and VOO have a correlation of 0.54, 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 VOO?

DAT has higher volatility (13.74%) compared to VOO (4.60%). In terms of maximum drawdown, DAT dropped -56.22% vs VOO's -33.99%.

Which ETF is better, DAT or VOO?

On 3-year performance, VOO leads with 21.36% vs 12.94% for DAT. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DAT or VOO?

Over the 3-year period, VOO has performed better with a 21.36% return vs 12.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DAT or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.58% for DAT.

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

VOO has the higher dividend yield at 1.04%, compared with 0.00% for DAT.

What is the main difference between DAT and VOO?

DAT is categorized as Technology Equities, while VOO is S&P 500. DAT tracks FactSet Big Data Refiners Index, while VOO tracks S&P 500 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.58% for DAT and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.17 vs -0.37), 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.