ETF Education Report: ProShares Big Data Refiners ETF (DAT)

What this ETF is trying to do

The ProShares Big Data Refiners ETF (ticker: DAT) is an exchange-traded fund that focuses on companies involved in big data. While the specific goal isn't detailed in the facts, the fund holds many different companies that work with data technology.

What the numbers show

The current price of one share is $52.41. We can look at how the share price has changed over different periods of time:

• Year-to-Date (YTD): The price return is up approximately 15.44%.

• One Year: The price return is up approximately 8.39%.

• Three Years: The price return is up approximately 93.89%.

Because this ETF does not pay out cash distributions, the "price return" (the change in the share price) and the "total return" (the overall gain including dividends) are the same in this case. For example, the one-year total return is also 8.39%.

An estimated price from roughly one year ago was $48.35.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash, known as distributions. For this ETF, the distribution yield is 0%. No distributions have been detected over the last 12 months. This means the fund is not currently providing cash income to shareholders.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases significantly. StockValueFinder uses an "erosion-risk score" to help track this. For DAT, the erosion score is 100, and the label shows "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Top Holdings

The following are the top holdings in this fund. Please note that this is a partial list, as the fund holds 33 total companies. Holdings can change over time.

• Zebra Technologies Corp: 6.09%

• Five9 Inc: 5.38%

• Braze Inc Class A: 5.27%

• Snowflake Inc: 5.22%

• Interdigital Inc: 5.20%

• Elastic NV: 5.10%

• Palantir Technologies Inc: 5.00%

• Nutanix Inc Class A: 4.86%

• Dynatrace Inc: 4.65%

• MongoDB Inc Class A: 4.53%

Pros

• The fund has shown positive price returns over the last year and the last three years.

• There is no detected price erosion according to the erosion-risk score.

Cons

• The fund does not currently provide cash distributions or income.

Beginner takeaway

This ETF focuses on the big data sector. It has seen its share price grow over the last three years, but it is not designed to pay out regular cash income to investors.