LRNZ vs. DAT

Last updated Apr 1, 2026

Compare and contrast key facts about TrueShares Technology, AI & Deep Learning ETF (LRNZ) and ProShares Big Data Refiners ETF (DAT).

LRNZ and DAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LRNZ is an actively managed fund by TrueMark Investments. It was launched on Feb 28, 2020. 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.

Performance

LRNZ vs. DAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Technology, AI & Deep Learning ETF (LRNZ) and ProShares Big Data Refiners ETF (DAT). The values are adjusted to include any dividend payments, if applicable.

LRNZ vs. DAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LRNZ TrueShares Technology, AI & Deep Learning ETF	-16.03%	22.27%	2.01%	67.11%	-51.46%	2.88%
DAT ProShares Big Data Refiners ETF	-24.83%	3.49%	33.22%	51.76%	-44.33%	-3.78%

Returns By Period

In the year-to-date period, LRNZ achieves a -16.03% return, which is significantly higher than DAT's -24.83% return.

LRNZ

• 1D: 4.82%
• 1M: -1.95%
• YTD: -16.03%
• 6M: -12.06%
• 1Y: 16.36%
• 3Y*: 13.01%
• 5Y*: -0.68%
• 10Y*: —

DAT

• 1D: 2.47%
• 1M: -6.54%
• YTD: -24.83%
• 6M: -28.77%
• 1Y: -13.31%
• 3Y*: 11.65%
• 5Y*: —
• 10Y*: —

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

LRNZ vs. DAT - Expense Ratio Comparison

LRNZ has a 0.68% expense ratio, which is higher than DAT's 0.58% expense ratio.

LRNZ

TrueShares Technology, AI & Deep Learning ETF

DAT

ProShares Big Data Refiners ETF

Return for Risk

LRNZ vs. DAT — Risk / Return Rank

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

LRNZ

LRNZ Risk / Return Rank: 28
LRNZ Sharpe Ratio Rank: 28
LRNZ Sortino Ratio Rank: 33
LRNZ Omega Ratio Rank: 31
LRNZ Calmar Ratio Rank: 24
LRNZ Martin Ratio Rank: 23

DAT

DAT Risk / Return Rank: 4
DAT Sharpe Ratio Rank: 5
DAT Sortino Ratio Rank: 5
DAT Omega Ratio Rank: 5
DAT Calmar Ratio Rank: 4
DAT 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.

LRNZ vs. DAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Technology, AI & Deep Learning ETF (LRNZ) and ProShares Big Data Refiners ETF (DAT). 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.

	LRNZ	DAT	Difference
Sharpe ratio Return per unit of total volatility	0.50	-0.42	+0.93
Sortino ratio Return per unit of downside risk	0.94	-0.42	+1.36
Omega ratio Gain probability vs. loss probability	1.12	0.95	+0.17
Calmar ratio Return relative to maximum drawdown	0.53	-0.47	+0.99
Martin ratio Return relative to average drawdown	1.46	-1.27	+2.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LRNZ vs. DAT - Sharpe Ratio Comparison

The current LRNZ Sharpe Ratio is 0.50, which is higher than the DAT Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of LRNZ and DAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LRNZ	DAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	-0.42	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	-0.11	+0.32

Correlation

The correlation between LRNZ and DAT is 0.90, 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

LRNZ vs. DAT - Dividend Comparison

Neither LRNZ nor DAT has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
LRNZ TrueShares Technology, AI & Deep Learning ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%
DAT ProShares Big Data Refiners ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

LRNZ vs. DAT - Drawdown Comparison

The maximum LRNZ drawdown since its inception was -61.33%, which is greater than DAT's maximum drawdown of -56.22%. Use the drawdown chart below to compare losses from any high point for LRNZ and DAT.

Drawdown Indicators

	LRNZ	DAT	Difference
Max Drawdown Largest peak-to-trough decline	-61.33%	-56.22%	-5.11%
Max Drawdown (1Y) Largest decline over 1 year	-26.89%	-31.89%	+5.00%
Max Drawdown (5Y) Largest decline over 5 years	-61.33%	—	—
Current Drawdown Current decline from peak	-27.31%	-30.23%	+2.92%
Average Drawdown Average peak-to-trough decline	-27.04%	-26.38%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.70%	11.70%	-2.00%

Volatility

LRNZ vs. DAT - Volatility Comparison

TrueShares Technology, AI & Deep Learning ETF (LRNZ) has a higher volatility of 9.50% compared to ProShares Big Data Refiners ETF (DAT) at 7.86%. This indicates that LRNZ's price experiences larger fluctuations and is considered to be riskier than DAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LRNZ	DAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.50%	7.86%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	21.64%	20.08%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	32.87%	31.52%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.17%	33.61%	+3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.69%	33.61%	+4.08%