DADS vs. HYHG
DADS (Digital Asset Debt Strategy ETF) and HYHG (ProShares High Yield-Interest Rate Hedged) are both High Yield Bonds funds. DADS is actively managed, while HYHG is passively managed. At a 0.28 correlation, their price movements are largely independent. DADS charges 1.04%/yr vs 0.50%/yr for HYHG.
Performance
DADS vs. HYHG - Performance Comparison
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Returns By Period
In the year-to-date period, DADS achieves a 14.24% return, which is significantly higher than HYHG's 3.86% return.
DADS
- 1D
- -0.65%
- 1M
- 0.92%
- YTD
- 14.24%
- 6M
- 12.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYHG
- 1D
- 0.07%
- 1M
- 0.71%
- YTD
- 3.86%
- 6M
- 4.29%
- 1Y
- 8.04%
- 3Y*
- 9.96%
- 5Y*
- 7.04%
- 10Y*
- 6.38%
DADS vs. HYHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DADS Digital Asset Debt Strategy ETF | 14.24% | -3.21% |
HYHG ProShares High Yield-Interest Rate Hedged | 3.86% | 3.14% |
Correlation
The correlation between DADS and HYHG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | 0.28 |
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Return for Risk
DADS vs. HYHG — Risk / Return Rank
DADS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYHG
DADS vs. HYHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Digital Asset Debt Strategy ETF (DADS) and ProShares High Yield-Interest Rate Hedged (HYHG). 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.
| DADS | HYHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.00 | — |
| Martin ratioReturn relative to average drawdown | — | 13.36 | — |
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Drawdowns
DADS vs. HYHG - Drawdown Comparison
The maximum DADS drawdown since its inception was -17.07%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for DADS and HYHG.
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Drawdown Indicators
| DADS | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.07% | -25.71% | +8.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.71% | — |
Current DrawdownCurrent decline from peak | -2.88% | 0.00% | -2.88% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -3.03% | -4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.60% | — |
Volatility
DADS vs. HYHG - Volatility Comparison
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Volatility by Period
| DADS | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.36% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 5.57% | +12.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 8.17% | +9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 9.10% | +8.59% |
DADS vs. HYHG - Expense Ratio Comparison
DADS has a 1.04% expense ratio, which is higher than HYHG's 0.50% expense ratio.
Dividends
DADS vs. HYHG - Dividend Comparison
DADS's dividend yield for the trailing twelve months is around 2.77%, less than HYHG's 6.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DADS Digital Asset Debt Strategy ETF | 2.77% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYHG ProShares High Yield-Interest Rate Hedged | 6.73% | 6.97% | 6.57% | 6.07% | 5.58% | 4.54% | 5.21% | 6.06% | 6.45% | 5.57% | 5.37% | 6.37% |
Frequently Asked Questions
DADS and HYHG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYHG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYHG is cheaper with a 0.50% expense ratio, compared with 1.04% for DADS.
HYHG has the higher dividend yield at 6.73%, compared with 2.77% for DADS.
They also come from different issuers: Alphabit and ProShares. Their fees differ too: 1.04% for DADS and 0.50% for HYHG.
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