ProShares Big Data Refiners ETF (DAT) — Stock Correlations & Overview
Over the past year, DAT has moved most closely with IGV, WCLD, CLOD. Explore the stocks most correlated and inversely correlated with DAT below, along with its price, financials, and company profile.
Stocks correlated with DAT
Correlation of daily returns. Higher positive values move with DAT; negative values move opposite it. Informational only, not investment advice.
Most correlated with DAT
| Symbol | Company | Correlation |
|---|---|---|
| IGV | iShares Expanded Tech-Software Sector ETF | 0.92 |
| WCLD | WisdomTree Cloud Computing Fund | 0.91 |
| CLOD | Themes Cloud Computing ETF | 0.90 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.90 |
| SKYY | First Trust Cloud Computing ETF | 0.88 |
Most inversely correlated with DAT
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.74 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.65 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.64 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -0.62 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.60 |
Frequently asked questions about DAT correlations
- Which stocks are most correlated with DAT?
- Based on one year of daily returns, the stocks most correlated with ProShares Big Data Refiners ETF (DAT) are IGV (0.92), WCLD (0.91) and CLOD (0.90). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DAT?
- Over the past year, the stocks most inversely correlated with ProShares Big Data Refiners ETF (DAT) are WEBS (-0.74), PLTD (-0.65) and PALD (-0.64). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DAT correlations calculated?
- We compute the correlation of daily returns between DAT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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