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DAT

GradeCNew York Stock Exchange Arca

ProShares - Big Data Refiners ETF

Themes · ProShares · Inception 2021-09-29

$52.28+0.89 (+1.73%)

As of Sep 23, 2026, 12:02 PM EDT

History starts Sep 30, 2021.
Intraday session: up, 4 prints from 51.39 to 52.28. Range 51.52 to 52.28. Use the arrow keys to read each point.$51.60$51.80$52.0010 AM12 PM2 PM4 PM
Expense ratio
0.58%
Fund size
$5M
1Y return
+5.1%
Yield · Last 12 months
—
Holdings
27
Volume · 30D
0M sh
NAV per share
$50.83
52W range
low $31.88high $52.58

The ETF.net DAT Grade

C

40/ 100

Rank 6 of 14 in AI Data Infrastructure⁠

Confidence Medium

Six-pillar profile for DAT. Scores out of 100: Cost 69, Risk 30, Mission not scored, Tradability 22, Holdings 60, Durability 60. Strongest: Cost (69). Weakest: Tradability (22). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned50This cap took−10Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 69
    Category rank5/14 · top 36%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 30
    Category rank8/8 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 22
    Category rank13/14 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 60
    Category rank5/10 · top 50%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank6/14 · top 43%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on DAT

ETF.net Research

CMost AI funds hand you the same megacaps in a new wrapper. DAT screens for companies that earn at least 75% of revenue from data plumbing, caps any name at 4.5%, and buys globally. The refiners, not the giants.

Stated mandate

The fund invests in a global portfolio of companies involved in analytics, software, hardware, and computing infrastructure that manage and extract information from large structured and unstructured datasets.

Why people hold it

  1. 01Hard purity screen: a company must draw at least 75% of revenue from nine data-related sub-industries to qualify. No side-door megacaps riding in on a rounding error.w.proshares.com
  2. 02Every position is capped at 4.5% and the index is rebuilt semiannually, so roughly 30 names split the pie instead of one giant swallowing it.w.proshares.com
  3. 030.58% expense ratio undercuts the typical fund in its AI-infrastructure peer group, and sits below XDAT's larger rivals on the shelf without the megacap overlap.
  4. 04Casts a global net: US, developed and emerging market names all eligible. Launched in 2021, before the AI theme became a launch-pad stampede.w.proshares.com

Worth knowing

  1. 01Non-diversified and sector-concentrated by design. ProShares says narrowly focused investments typically show higher volatility, and about 30 holdings means single names matter.proshares.com
  2. 02A small, thinly traded fund. Spreads can widen and large orders move the price more than they would in a heavyweight AI ETF.
  3. 03ProShares reports the fund has made no distributions, so the return story is share price, not income. Emerging market holdings add liquidity and currency risk.proshares.com

DAT Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Stocks
Holdings
27
Top-10 weight
52%
Largest holding
ZBRA5.8%

Sectors

  • Technology95.5%
  • Communication3.2%
  • Utilities1.3%

Geography

  • United States83.28%
  • Israel9.09%
  • France3.26%
  • United Kingdom3.15%
  • Canada1.22%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ZBRAZEBRA TECHNOLOGIES CORP-CL A5.83%831$288K217
002ESTCELASTIC NV5.50%3,121$271K146
003SNOWSNOWFLAKE INC5.45%809$269K321
004FIVNFIVE9 INC5.39%8,200$266K119
005PLTRPALANTIR TECHNOLOGIES INC-A5.12%1,423$253K503
006DTDYNATRACE INC5.11%4,571$252K184
007NTNXNUTANIX INC - A5.08%3,595$251K180
008MSTRSTRATEGY INC4.99%1,601$246K190
009IDCCINTERDIGITAL INC4.84%740$239K188
010CVLTCOMMVAULT SYSTEMS INC4.76%1,625$235K162
011NICENICE LTD4.58%2,098$226K35
012AVPTAVEPOINT INC4.53%16,943$223K83
013MDBMONGODB INC4.27%549$211K271
014TYLTYLER TECHNOLOGIES INC4.22%618$209K222
015BRZEBRAZE INC-A4.17%8,419$206K87

Showing 1–15 of 26 holdings

DAT Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DAT$10,513
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DAT $10,513. SPY $11,723. Use the arrow keys to read each point.$6,328$9,246$12,164Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DAT. Periods over one year show the average yearly return.
PeriodDAT
Year to date+13.2%
1 month+2.7%
3 months+29.6%
1 year+5.1%
3 years+23.7%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DAT
YearReturn barDAT
2026 YTD+13.2%
2025+3.5%
2024+33.2%
2023+51.8%
2022−44.3%
2021−3.8%

History from Sep 30, 2021

DAT in the news

ETF.net Research hasn’t filed on DAT yet — coverage lands here as it’s written.

DAT Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

DAT Risk

How much the fund’s monthly returns vary, scaled to a year.
29.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.68
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−56.2%
59 months · trough Nov 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.42
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DAT Cost

Expense ratio0.58%
  • The middle half of AI Data Infrastructure funds
  • Median 0.65%

4 of the 12 AI Data Infrastructure funds charge less.

DAT costs $58.00 a year on $10,000. The median AI Data Infrastructure fund costs $65.00.