DAT
ProShares Big Data Refiners ETF
DAT tracks a market-cap-weighted index of global companies focusing on the management, storage, usage, and analysis of large structured and unstructured datasets.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
6.7 M
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
| Fund sponsor | ProShares |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 29, 2021 |
| Assets (mns) | $7 |
| Expense ratio | 58 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MONGODB, INC. CLASS A | 6.7 % |
| INTERDIGITAL INC | 5.8 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 5.5 % |
| DATADOG INC CLASS A | 5.1 % |
| SNOWFLAKE, INC. CLASS A | 4.9 % |
| ZEBRA TECHNOLOGIES CORP-CL A | 4.9 % |
| INFORMATICA INC - CLASS A | 4.7 % |
| ELASTIC NV | 4.6 % |
| TYLER TECHNOLOGIES INC | 4.4 % |
| COMMVAULT SYSTEMS INC | 4.3 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 425 |
| Wgt avg mkt cap (mns) | $35,222 |
| Large cap (>$10bn) | 43.8% |
| Mid cap ($2-10bn) | 32.7% |
| Small cap (<$2bn) | 11.0% |
| Developed mkts. | 91.6% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 80.0 % |
 |
ISRAEL | 6.9 % |
 |
BRITAIN | 3.9 % |
 |
CANADA | 0.9 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.3% | -4.5% | 19.3% | 25.6% | -- | -- | -- | 2.2% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | -0.3% | -4.5% | 19.3% | 25.6% | -- | -- | -- | 2.2% | Ann. Volatility | 32.6% | 32.3% | 29.0% | 29.0% | -- | -- | -- | 33.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.35 | 66% |
| MSCI EAFE | 1.25 | 41% |
| MSCI Emg Mkts | 1.17 | 41% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 2.7% |
| Avg. Bid/Ask (% of price) | 0.52% |
Technical Indicators
| 30d moving avg. (EMA) | $45.65 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -1.19/-0.99 |
| Bollinger Bands (Upper/Lower) | $49.55/$41.53 |
| Short interest (% of AUM) | 3.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DAT |
Expenses vs. DAT |
ALTAR Score™ vs. DAT |
|---|---|---|---|---|
| FCLD | Fidelity Cloud Computing ETF | 24.9% | -19 bp | +3.5% |
| LRNZ | TrueShares Technology, AI & Deep Learning ETF | 18.1% | +11 bp | -0.8% |
| WCBR | WisdomTree Cybersecurity Fund | 17.9% | -13 bp | +2.0% |
| WCLD | WisdomTree Cloud Computing Fund | 16.8% | -13 bp | +1.7% |
| GTEK | Goldman Sachs Future Tech Leaders Equity ETF | 14.4% | +17 bp | +3.0% |
| TMAT | Main Thematic Innovation ETF | 12.3% | +106 bp | -1.5% |
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 11.9% | -13 bp | +2.5% |
| IGV | iShares Expanded Tech-Software Sector ETF | 11.4% | -17 bp | +3.2% |
| XDAT | Franklin Exponential Data ETF | 11.4% | -8 bp | +2.4% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 11.0% | -10 bp | +2.2% |
Risk and Returns: DAT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/5/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
DAT
2.7%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 382 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.1%. DAT's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places DAT in the 32nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DATSELL
U/W
HOLD
O/W
BUY