DADS vs. MHY

Last updated Jul 17, 2026

DADS (Digital Asset Debt Strategy ETF) and MHY (Man Active High Yield ETF) are both High Yield Bonds funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. DADS charges 1.04%/yr vs 0.69%/yr for MHY.

Performance

DADS vs. MHY - Performance Comparison

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

Returns By Period

In the year-to-date period, DADS achieves a 7.44% return, which is significantly higher than MHY's 5.53% return.

DADS

• 1D: -1.81%
• 1M: -6.89%
• 6M: 0.37%
• YTD: 7.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MHY

• 1D: 0.18%
• 1M: 1.72%
• 6M: 4.79%
• YTD: 5.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DADS vs. MHY - Yearly Performance Comparison

	2026 (YTD)	2025
DADS Digital Asset Debt Strategy ETF	7.44%	-8.28%
MHY Man Active High Yield ETF	5.53%	1.54%

Correlation

The correlation between DADS and MHY is 0.44, 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 Sep 18, 2025	0.44

Return for Risk

DADS vs. MHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Digital Asset Debt Strategy ETF (DADS) and Man Active High Yield ETF (MHY). 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.

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

Drawdowns

DADS vs. MHY - Drawdown Comparison

The maximum DADS drawdown since its inception was -17.07%, which is greater than MHY's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for DADS and MHY.

Drawdown Indicators

	DADS	MHY	Difference
Max Drawdown Largest peak-to-trough decline	-17.07%	-1.58%	-15.49%
Current Drawdown Current decline from peak	-8.67%	0.00%	-8.67%
Average Drawdown Average peak-to-trough decline	-7.31%	-0.27%	-7.04%

Volatility

Volatility by Period

	DADS	MHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	2.94%	+14.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	2.94%	+14.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	2.94%	+14.70%

DADS vs. MHY - Expense Ratio Comparison

DADS has a 1.04% expense ratio, which is higher than MHY's 0.69% expense ratio.

Dividends

DADS vs. MHY - Dividend Comparison

DADS's dividend yield for the trailing twelve months is around 4.79%, less than MHY's 5.23% yield.

Position	TTM	2025
DADS Digital Asset Debt Strategy ETF	4.79%	1.83%
MHY Man Active High Yield ETF	5.23%	3.42%

Frequently Asked Questions

Can I hold both DADS and MHY in my portfolio?

DADS and MHY have a correlation of 0.44, 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 MHY?

On fees, MHY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DADS or MHY?

MHY is cheaper with a 0.69% expense ratio, compared with 1.04% for DADS.

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

MHY has the higher dividend yield at 5.23%, compared with 4.79% for DADS.

What is the main difference between DADS and MHY?

They also come from different issuers: Alphabit and Man Group. Their fees differ too: 1.04% for DADS and 0.69% for MHY.