AOHY vs. DADS

Last updated Jul 16, 2026

AOHY (Angel Oak High Yield Opportunities ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. AOHY charges 0.55%/yr vs 1.04%/yr for DADS.

Performance

AOHY vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak High Yield Opportunities ETF (AOHY) and Digital Asset Debt Strategy ETF (DADS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOHY achieves a 2.93% return, which is significantly lower than DADS's 9.42% return.

AOHY

• 1D: 0.18%
• 1M: 0.31%
• 6M: 2.33%
• YTD: 2.93%
• 1Y: 6.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DADS

• 1D: 0.63%
• 1M: -5.13%
• 6M: 2.30%
• YTD: 9.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AOHY vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
AOHY Angel Oak High Yield Opportunities ETF	2.93%	2.61%
DADS Digital Asset Debt Strategy ETF	9.42%	-3.21%

Correlation

The correlation between AOHY and DADS is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.52

Return for Risk

AOHY vs. DADS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AOHY

AOHY Risk / Return Rank: 81
AOHY Sharpe Ratio Rank: 80
AOHY Sortino Ratio Rank: 85
AOHY Omega Ratio Rank: 86
AOHY Calmar Ratio Rank: 67
AOHY Martin Ratio Rank: 85

DADS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AOHY vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and Digital Asset Debt Strategy ETF (DADS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AOHY	DADS	Difference
Sharpe ratio: Return per unit of total volatility	2.04	—	—
Sortino ratio: Return per unit of downside risk	3.09	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.71	—	—
Martin ratio: Return relative to average drawdown	13.71	—	—

Drawdowns

AOHY vs. DADS - Drawdown Comparison

The maximum AOHY drawdown since its inception was -4.17%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for AOHY and DADS.

Drawdown Indicators

	AOHY	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-4.17%	-17.07%	+12.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	—	—
Current Drawdown Current decline from peak	0.00%	-6.98%	+6.98%
Average Drawdown Average peak-to-trough decline	-0.34%	-7.30%	+6.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	—	—

Volatility

Volatility by Period

	AOHY	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.15%	17.58%	-14.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.73%	17.58%	-13.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.73%	17.58%	-13.85%

AOHY vs. DADS - Expense Ratio Comparison

AOHY has a 0.55% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

AOHY vs. DADS - Dividend Comparison

AOHY's dividend yield for the trailing twelve months is around 6.58%, more than DADS's 4.71% yield.

Position	TTM	2025	2024
AOHY Angel Oak High Yield Opportunities ETF	6.58%	6.53%	6.04%
DADS Digital Asset Debt Strategy ETF	4.71%	1.83%	0.00%

Frequently Asked Questions

Can I hold both AOHY and DADS in my portfolio?

AOHY and DADS have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AOHY or DADS?

On fees, AOHY is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AOHY or DADS?

AOHY is cheaper with a 0.55% expense ratio, compared with 1.04% for DADS.

Which ETF pays a higher dividend yield, AOHY or DADS?

AOHY has the higher dividend yield at 6.58%, compared with 4.71% for DADS.

What is the main difference between AOHY and DADS?

They also come from different issuers: Angel Oak and Alphabit. Their fees differ too: 0.55% for AOHY and 1.04% for DADS.