FLXN vs. DADS

Last updated Jun 5, 2026

FLXN (Horizon Flexible Income ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. FLXN charges 0.82%/yr vs 1.04%/yr for DADS.

Performance

FLXN vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Flexible Income ETF (FLXN) 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, FLXN achieves a 2.50% return, which is significantly lower than DADS's 14.38% return.

FLXN

• 1D: 0.20%
• 1M: 0.60%
• YTD: 2.50%
• 6M: 2.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DADS

• 1D: 0.00%
• 1M: 2.96%
• YTD: 14.38%
• 6M: 9.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLXN vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
FLXN Horizon Flexible Income ETF	2.50%	4.28%
DADS Digital Asset Debt Strategy ETF	14.38%	-3.41%

Correlation

The correlation between FLXN and DADS is 0.57, 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	0.57

Return for Risk

FLXN vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Flexible Income ETF (FLXN) 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.

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

Sharpe Ratios by Period

	FLXN	DADS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.73	+0.87

Drawdowns

FLXN vs. DADS - Drawdown Comparison

The maximum FLXN drawdown since its inception was -3.39%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for FLXN and DADS.

Drawdown Indicators

	FLXN	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-3.39%	-17.07%	+13.68%
Current Drawdown Current decline from peak	-0.14%	-2.77%	+2.63%
Average Drawdown Average peak-to-trough decline	-0.38%	-7.61%	+7.23%

Volatility

Volatility by Period

	FLXN	DADS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.04%	17.54%	-12.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.04%	17.54%	-12.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	17.54%	-12.50%

FLXN vs. DADS - Expense Ratio Comparison

FLXN has a 0.82% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

FLXN vs. DADS - Dividend Comparison

FLXN's dividend yield for the trailing twelve months is around 7.49%, more than DADS's 2.76% yield.

Position	TTM	2025
DADS Digital Asset Debt Strategy ETF	2.76%	1.83%
FLXN Horizon Flexible Income ETF	7.49%	3.49%

Frequently Asked Questions

Can I hold both FLXN and DADS in my portfolio?

FLXN and DADS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLXN or DADS?

On fees, FLXN is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLXN or DADS?

FLXN is cheaper with a 0.82% expense ratio, compared with 1.04% for DADS.

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

FLXN has the higher dividend yield at 7.49%, compared with 2.76% for DADS.

What is the main difference between FLXN and DADS?

They also come from different issuers: Horizon and Alphabit. Their fees differ too: 0.82% for FLXN and 1.04% for DADS.