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ETFs

ProShares Big Data Refiners ETF

DAT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 29, 2021
Expense Ratio
0.58%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$10,789
AUM
$3,387,425
Associated Index
FactSet Big Data Refiners Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SPLK
Splunk Inc
6.56%
NEWR
New Relic Inc
5.66%
NTNX
Nutanix Inc - Ordinary Shares - Class A
5.34%
ESTC
Elastic N.V
5.12%
TYL
Tyler Technologies, Inc.
4.54%
PLTR
Palantir Technologies Inc - Ordinary Shares - Class A
4.52%
MSTR
Microstrategy Inc. - Ordinary Shares - Class A
4.42%
FIVN
Five9 Inc
4.38%
TDC
Teradata Corp
4.24%
DDOG
Datadog Inc - Ordinary Shares - Class A
4.18%
Invest with DAT

What is DAT?

ProShares Big Data Refiners ETF seeks investment results, before fees and expenses, that track the performance of the FactSet Big Data Refiners Index. ProShares Big Data Refiners ETF invests in companies that help businesses process massive amounts of data to draw competitive insights.

ETFs related toDAT

ETFs correlated to DAT include WCLD, SKYY, XSW

DAT
ProShares Trust - ProShares Big Data Refiners ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
HACK
ETF Managers Group LLC - ETFMG Prime Cyber Security ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDAT

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with DAT using Composer

FAQ

DAT is a Global Equities ETF. ProShares Big Data Refiners ETF seeks investment results, before fees and expenses, that track the performance of the FactSet Big Data Refiners Index. ProShares Big Data Refiners ETF invests in companies that help businesses process massive amounts of data to draw competitive insights.

DAT tracks the FactSet Big Data Refiners Index.

No, DAT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DAT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DAT is 0.0112%. This is the percent change in the value of DAT over the most recent 1-month period. The 3-month return on DAT is 0.0017%. This is the percent change in the value of DAT over the most recent 3-month period.

The standard deviation of DAT for the past year is 0.3284%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DAT include IXJ, SMH, and URA.

ETFs correlated to DAT include WCLD, SKYY, and XSW.

ETFs that are inversely correlated to DAT include WEBS, SARK, and BTAL.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.