DADS vs. JNK

Last updated Jun 23, 2026

DADS (Digital Asset Debt Strategy ETF) and JNK (State Street SPDR Bloomberg High Yield Bond ETF) are both High Yield Bonds funds. DADS is actively managed, while JNK is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. DADS charges 1.04%/yr vs 0.40%/yr for JNK.

Performance

DADS vs. JNK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Digital Asset Debt Strategy ETF (DADS) and State Street SPDR Bloomberg High Yield Bond ETF (JNK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DADS achieves a 14.99% return, which is significantly higher than JNK's 1.78% return.

DADS

• 1D: -0.07%
• 1M: 1.58%
• YTD: 14.99%
• 6M: 12.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JNK

• 1D: -0.05%
• 1M: 0.54%
• YTD: 1.78%
• 6M: 2.01%
• 1Y: 6.59%
• 3Y*: 8.91%
• 5Y*: 3.60%
• 10Y*: 5.04%

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

DADS vs. JNK - Yearly Performance Comparison

	2026 (YTD)	2025
DADS Digital Asset Debt Strategy ETF	14.99%	-3.21%
JNK State Street SPDR Bloomberg High Yield Bond ETF	1.78%	3.26%

Correlation

The correlation between DADS and JNK is 0.53, 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	0.53

Return for Risk

DADS vs. JNK — Risk / Return Rank

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

DADS

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

JNK

JNK Risk / Return Rank: 57
JNK Sharpe Ratio Rank: 52
JNK Sortino Ratio Rank: 57
JNK Omega Ratio Rank: 54
JNK Calmar Ratio Rank: 56
JNK Martin Ratio Rank: 66

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.

DADS vs. JNK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Digital Asset Debt Strategy ETF (DADS) and State Street SPDR Bloomberg High Yield Bond ETF (JNK). 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	JNK	Difference
Sharpe ratio: Return per unit of total volatility	—	1.71	—
Sortino ratio: Return per unit of downside risk	—	2.60	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.64	—
Martin ratio: Return relative to average drawdown	—	11.58	—

Drawdowns

DADS vs. JNK - Drawdown Comparison

The maximum DADS drawdown since its inception was -17.07%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for DADS and JNK.

Drawdown Indicators

	DADS	JNK	Difference
Max Drawdown Largest peak-to-trough decline	-17.07%	-38.48%	+21.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.89%	—
Current Drawdown Current decline from peak	-2.25%	-0.21%	-2.04%
Average Drawdown Average peak-to-trough decline	-7.37%	-3.69%	-3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.57%	—

Volatility

Volatility by Period

	DADS	JNK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	3.88%	+13.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	7.56%	+10.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.72%	8.29%	+9.43%

DADS vs. JNK - Expense Ratio Comparison

DADS has a 1.04% expense ratio, which is higher than JNK's 0.40% expense ratio.

Dividends

DADS vs. JNK - Dividend Comparison

DADS's dividend yield for the trailing twelve months is around 2.75%, less than JNK's 6.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DADS Digital Asset Debt Strategy ETF	2.75%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JNK State Street SPDR Bloomberg High Yield Bond ETF	6.60%	6.54%	6.63%	6.38%	6.06%	4.27%	5.11%	5.44%	5.90%	5.60%	6.06%	6.59%

Frequently Asked Questions

Can I hold both DADS and JNK in my portfolio?

DADS and JNK have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DADS or JNK?

On fees, JNK is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DADS or JNK?

JNK is cheaper with a 0.40% expense ratio, compared with 1.04% for DADS.

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

JNK has the higher dividend yield at 6.60%, compared with 2.75% for DADS.

What is the main difference between DADS and JNK?

They also come from different issuers: Alphabit and State Street. Their fees differ too: 1.04% for DADS and 0.40% for JNK.