DADS vs. NHYB

Last updated Jun 24, 2026

DADS (Digital Asset Debt Strategy ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds. DADS is actively managed, while NHYB is passively managed. A 0.52 correlation means they provide meaningful diversification when combined. DADS charges 1.04%/yr vs 0.08%/yr for NHYB.

Performance

DADS vs. NHYB - Performance Comparison

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

Returns By Period

In the year-to-date period, DADS achieves a 14.24% return, which is significantly higher than NHYB's 1.91% return.

DADS

• 1D: -0.65%
• 1M: 0.92%
• YTD: 14.24%
• 6M: 12.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYB

• 1D: -0.04%
• 1M: 0.52%
• YTD: 1.91%
• 6M: 1.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DADS vs. NHYB - Yearly Performance Comparison

	2026 (YTD)	2025
DADS Digital Asset Debt Strategy ETF	14.24%	-9.51%
NHYB Nuveen High Yield Corporate Bond ETF	1.91%	1.24%

Correlation

The correlation between DADS and NHYB 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 Sep 24, 2025	0.52

Return for Risk

DADS vs. NHYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Digital Asset Debt Strategy ETF (DADS) and Nuveen High Yield Corporate Bond ETF (NHYB). 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. NHYB - Drawdown Comparison

The maximum DADS drawdown since its inception was -17.07%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for DADS and NHYB.

Drawdown Indicators

	DADS	NHYB	Difference
Max Drawdown Largest peak-to-trough decline	-17.07%	-2.40%	-14.67%
Current Drawdown Current decline from peak	-2.88%	-0.20%	-2.68%
Average Drawdown Average peak-to-trough decline	-7.35%	-0.36%	-6.99%

Volatility

Volatility by Period

	DADS	NHYB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	3.64%	+14.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	3.64%	+14.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.69%	3.64%	+14.05%

DADS vs. NHYB - Expense Ratio Comparison

DADS has a 1.04% expense ratio, which is higher than NHYB's 0.08% expense ratio.

Dividends

DADS vs. NHYB - Dividend Comparison

DADS's dividend yield for the trailing twelve months is around 2.77%, less than NHYB's 4.25% yield.

Position	TTM	2025
DADS Digital Asset Debt Strategy ETF	2.77%	1.83%
NHYB Nuveen High Yield Corporate Bond ETF	4.25%	1.28%

Frequently Asked Questions

Can I hold both DADS and NHYB in my portfolio?

DADS and NHYB 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, DADS or NHYB?

On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DADS or NHYB?

NHYB is cheaper with a 0.08% expense ratio, compared with 1.04% for DADS.

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

NHYB has the higher dividend yield at 4.25%, compared with 2.77% for DADS.

What is the main difference between DADS and NHYB?

They also come from different issuers: Alphabit and Nuveen. Their fees differ too: 1.04% for DADS and 0.08% for NHYB.