LRNZ vs. DAT

Last updated Aug 2, 2026

LRNZ (TrueShares Technology, AI & Deep Learning ETF) and DAT (ProShares Big Data Refiners ETF) are both exchange-traded funds - LRNZ is a Artificial Intelligence fund actively managed by TrueShares, while DAT is a Technology Equities fund tracking the FactSet Big Data Refiners Index. LRNZ is actively managed, while DAT is passively managed. Their -0.30 correlation means they have often moved in opposite directions in the past. LRNZ charges 0.68%/yr vs 0.58%/yr for DAT.

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.

Returns By Period

LRNZ

• 1D: 1.01%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DAT

• 1D: 0.40%
• 1M: 2.06%
• 6M: 14.86%
• YTD: -1.35%
• 1Y: 0.18%
• 3Y*: 13.76%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DAT ProShares Big Data Refiners ETF	$131.25K	$91.17K	$103.64K
LRNZ TrueShares Technology, AI & Deep Learning ETF	$103.68K	$133.76K	$133.76K

LRNZ vs. DAT - Yearly Performance Comparison

	2026 (YTD)
LRNZ TrueShares Technology, AI & Deep Learning ETF	-6.20%
DAT ProShares Big Data Refiners ETF	0.31%

Correlation

The correlation between LRNZ and DAT is -0.30, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	-0.30

LRNZ vs. DAT - Sectors Allocation Comparison

Sectors	LRNZ	DAT
Technology	76.5%	90.0%
Healthcare	19.5%	0.7%
Communication Services	4.0%	4.3%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	1.4%

Return for Risk

LRNZ vs. DAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LRNZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DAT

DAT Risk / Return Rank: 9
DAT Sharpe Ratio Rank: 9
DAT Sortino Ratio Rank: 10
DAT Omega Ratio Rank: 10
DAT Calmar Ratio Rank: 9
DAT Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	LRNZ	DAT	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.12	—
Sortino ratio: Return per unit of downside risk	—	0.05	—
Omega ratio: Gain probability vs. loss probability	—	1.01	—
Calmar ratio: Return relative to maximum drawdown	—	-0.11	—
Martin ratio: Return relative to average drawdown	—	-0.24	—

Drawdowns

LRNZ vs. DAT - Drawdown Comparison

The maximum LRNZ drawdown since its inception was -11.91%, smaller than the maximum DAT 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	-11.91%	-56.22%	+44.31%
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	-6.20%	-8.44%	+2.24%
Average Drawdown Average peak-to-trough decline	-5.75%	-25.76%	+20.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.90%	—

Volatility

Volatility by Period

	LRNZ	DAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	34.30%	31.69%	+2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.30%	33.94%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.30%	33.94%	+0.36%

LRNZ vs. DAT - Expense Ratio Comparison

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

Dividends

LRNZ vs. DAT - Dividend Comparison

Neither LRNZ nor DAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LRNZ and DAT in my portfolio?

LRNZ and DAT 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, LRNZ or DAT?

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, LRNZ or DAT?

DAT is cheaper with a 0.58% expense ratio, compared with 0.68% for LRNZ.

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

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

What is the main difference between LRNZ and DAT?

LRNZ is categorized as Artificial Intelligence, while DAT is Technology Equities. They also come from different issuers: TrueShares and ProShares. Their fees differ too: 0.68% for LRNZ and 0.58% for DAT.