DAT vs QQQ
Proshares Big Data Refiners ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | DAT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.18% | |
| AUM | $6M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 26 | 108 | |
| YTD Return | +11.97% | +19.52% | |
| 1Y Return | +12.57% | +26.68% | |
| 3Y Return (annualized) | +22.17% | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 29.4% | 30.6% | |
| Max Drawdown | -56.2% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 29, 2021 | Mar 10, 1999 |
DAT vs QQQ Performance
Proshares Big Data Refiners ETF (DAT) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DAT returned +12.57% while QQQ returned +26.68%. Year to date, DAT is up 11.97% versus a gain of 19.52% for QQQ.
Over three years, DAT compounded at +22.17% per year against +26.64% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.14% annualized vs +4.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 29.4% for DAT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.2% for DAT and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DAT charges 0.58% per year while QQQ charges 0.18%. On a $10,000 position that is $58 vs $18 annually, a gap of $40 per year that compounds over a long holding period. On income, DAT currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
DAT and QQQ share 3 holdings out of 124 unique holdings combined, representing a 2.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DAT or QQQ?
DAT has an expense ratio of 0.58% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, DAT or QQQ?
Over the past year DAT returned +12.57% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), DAT annualized +4.37% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, DAT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 29.4% for DAT. Worst drawdown: DAT -56.2% vs QQQ -83.0%.
Should I hold both DAT and QQQ?
DAT and QQQ have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DAT and QQQ?
DAT and QQQ share 3 common holdings with a 2.1% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, DAT or QQQ?
DAT yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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