EVHY vs. DADS
EVHY (Eaton Vance High Yield ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. Both are actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. EVHY charges 0.48%/yr vs 1.04%/yr for DADS.
Performance
EVHY vs. DADS - Performance Comparison
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Returns By Period
In the year-to-date period, EVHY achieves a 1.65% return, which is significantly lower than DADS's 6.35% return.
EVHY
- 1D
- -0.02%
- 1M
- -0.28%
- 6M
- 1.34%
- YTD
- 1.65%
- 1Y
- 5.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.28%
DADS
- 1D
- -0.66%
- 1M
- -2.32%
- 6M
- 1.41%
- YTD
- 6.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $84.25K | $151.20K | $87.13K | |
| $177.50K | $146.90K | $289.49K |
EVHY vs. DADS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVHY Eaton Vance High Yield ETF | 1.65% | 3.38% |
DADS Digital Asset Debt Strategy ETF | 6.35% | -3.21% |
Correlation
The correlation between EVHY and DADS is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | 0.49 |
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Return for Risk
EVHY vs. DADS — Risk / Return Rank
EVHY
DADS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EVHY vs. DADS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) 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.
| EVHY | DADS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | — | — |
| Martin ratioReturn relative to average drawdown | 10.54 | — | — |
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Drawdowns
EVHY vs. DADS - Drawdown Comparison
The maximum EVHY drawdown since its inception was -3.71%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for EVHY and DADS.
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Drawdown Indicators
| EVHY | DADS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -17.07% | +13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -9.60% | +9.31% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -7.37% | +7.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | — | — |
Volatility
EVHY vs. DADS - Volatility Comparison
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Volatility by Period
| EVHY | DADS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 17.82% | -14.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 17.82% | -13.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 17.82% | -13.37% |
EVHY vs. DADS - Expense Ratio Comparison
EVHY has a 0.48% expense ratio, which is lower than DADS's 1.04% expense ratio.
Dividends
EVHY vs. DADS - Dividend Comparison
EVHY's dividend yield for the trailing twelve months is around 7.19%, more than DADS's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DADS Digital Asset Debt Strategy ETF | 4.84% | 1.83% | 0.00% | 0.00% |
EVHY Eaton Vance High Yield ETF | 7.19% | 7.39% | 7.66% | 1.44% |
Frequently Asked Questions
EVHY and DADS have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVHY is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVHY is cheaper with a 0.48% expense ratio, compared with 1.04% for DADS.
EVHY has the higher dividend yield at 7.19%, compared with 4.84% for DADS.
They also come from different issuers: Eaton Vance and AlphaBit. Their fees differ too: 0.48% for EVHY and 1.04% for DADS.
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