FALN vs. DADS

Last updated Jun 3, 2026

FALN (iShares Fallen Angels USD Bond ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. FALN is passively managed, while DADS is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. FALN charges 0.25%/yr vs 1.04%/yr for DADS.

Performance

FALN vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Fallen Angels USD Bond ETF (FALN) and Digital Asset Debt Strategy ETF (DADS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FALN achieves a 1.78% return, which is significantly lower than DADS's 15.40% return.

FALN

• 1D: 0.00%
• 1M: 0.57%
• YTD: 1.78%
• 6M: 1.70%
• 1Y: 9.07%
• 3Y*: 9.26%
• 5Y*: 3.89%
• 10Y*: —

DADS

• 1D: -0.98%
• 1M: 6.05%
• YTD: 15.40%
• 6M: 10.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FALN vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
FALN iShares Fallen Angels USD Bond ETF	1.78%	3.99%
DADS Digital Asset Debt Strategy ETF	15.40%	-3.41%

Correlation

The correlation between FALN and DADS 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 6, 2025	0.53

Return for Risk

FALN vs. DADS — Risk / Return Rank

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

FALN

FALN Risk / Return Rank: 57
FALN Sharpe Ratio Rank: 59
FALN Sortino Ratio Rank: 61
FALN Omega Ratio Rank: 64
FALN Calmar Ratio Rank: 45
FALN Martin Ratio Rank: 55

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.

FALN vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels USD Bond ETF (FALN) 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.

	FALN	DADS	Difference
Sharpe ratio Return per unit of total volatility	2.01	—	—
Sortino ratio Return per unit of downside risk	2.91	—	—
Omega ratio Gain probability vs. loss probability	1.39	—	—
Calmar ratio Return relative to maximum drawdown	2.28	—	—
Martin ratio Return relative to average drawdown	9.55	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FALN	DADS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.81	-0.06

Drawdowns

FALN vs. DADS - Drawdown Comparison

The maximum FALN drawdown since its inception was -29.22%, which is greater than DADS's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for FALN and DADS.

Drawdown Indicators

	FALN	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-29.22%	-17.07%	-12.15%
Max Drawdown (1Y) Largest decline over 1 year	-3.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.78%	—	—
Current Drawdown Current decline from peak	-0.04%	-1.90%	+1.86%
Average Drawdown Average peak-to-trough decline	-3.32%	-7.66%	+4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	FALN	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.54%	17.59%	-13.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.31%	17.59%	-10.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.95%	17.59%	-8.64%

FALN vs. DADS - Expense Ratio Comparison

FALN has a 0.25% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

FALN vs. DADS - Dividend Comparison

FALN's dividend yield for the trailing twelve months is around 6.45%, more than DADS's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DADS Digital Asset Debt Strategy ETF	2.74%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FALN iShares Fallen Angels USD Bond ETF	6.45%	6.31%	6.24%	5.37%	5.08%	3.40%	5.14%	5.35%	5.97%	6.98%	3.55%

Frequently Asked Questions

Can I hold both FALN and DADS in my portfolio?

FALN and DADS 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, FALN or DADS?

On fees, FALN is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FALN or DADS?

FALN is cheaper with a 0.25% expense ratio, compared with 1.04% for DADS.

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

FALN has the higher dividend yield at 6.45%, compared with 2.74% for DADS.

What is the main difference between FALN and DADS?

They also come from different issuers: iShares and Alphabit. Their fees differ too: 0.25% for FALN and 1.04% for DADS.