FSYD vs. DADS

Last updated Jun 24, 2026

FSYD (Fidelity Sustainable High Yield ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. FSYD charges 0.55%/yr vs 1.04%/yr for DADS.

Performance

FSYD vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Sustainable High Yield ETF (FSYD) 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, FSYD achieves a 3.40% return, which is significantly lower than DADS's 14.24% return.

FSYD

• 1D: -0.11%
• 1M: 0.47%
• YTD: 3.40%
• 6M: 3.65%
• 1Y: 9.25%
• 3Y*: 9.71%
• 5Y*: —
• 10Y*: —

DADS

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

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

FSYD vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
FSYD Fidelity Sustainable High Yield ETF	3.40%	4.31%
DADS Digital Asset Debt Strategy ETF	14.24%	-3.21%

Correlation

The correlation between FSYD and DADS is 0.56, 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 5, 2025	0.56

Return for Risk

FSYD vs. DADS — Risk / Return Rank

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

FSYD

FSYD Risk / Return Rank: 77
FSYD Sharpe Ratio Rank: 75
FSYD Sortino Ratio Rank: 83
FSYD Omega Ratio Rank: 80
FSYD Calmar Ratio Rank: 72
FSYD Martin Ratio Rank: 77

DADS

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

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.

FSYD vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable High Yield ETF (FSYD) 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.

	FSYD	DADS	Difference
Sharpe ratio: Return per unit of total volatility	2.26	—	—
Sortino ratio: Return per unit of downside risk	3.45	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.47	—	—
Martin ratio: Return relative to average drawdown	13.85	—	—

Drawdowns

FSYD vs. DADS - Drawdown Comparison

The maximum FSYD drawdown since its inception was -12.11%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for FSYD and DADS.

Drawdown Indicators

	FSYD	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-12.11%	-17.07%	+4.96%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.49%	—	—
Current Drawdown Current decline from peak	-0.38%	-2.88%	+2.50%
Average Drawdown Average peak-to-trough decline	-2.38%	-7.35%	+4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	—	—

Volatility

Volatility by Period

	FSYD	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	17.69%	-13.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.81%	17.69%	-9.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.81%	17.69%	-9.88%

FSYD vs. DADS - Expense Ratio Comparison

FSYD has a 0.55% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

FSYD vs. DADS - Dividend Comparison

FSYD's dividend yield for the trailing twelve months is around 6.32%, more than DADS's 2.77% yield.

Position	TTM	2025	2024	2023	2022
DADS Digital Asset Debt Strategy ETF	2.77%	1.83%	0.00%	0.00%	0.00%
FSYD Fidelity Sustainable High Yield ETF	6.32%	6.49%	6.47%	6.70%	5.29%

Frequently Asked Questions

Can I hold both FSYD and DADS in my portfolio?

FSYD and DADS have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSYD or DADS?

On fees, FSYD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSYD or DADS?

FSYD is cheaper with a 0.55% expense ratio, compared with 1.04% for DADS.

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

FSYD has the higher dividend yield at 6.32%, compared with 2.77% for DADS.

What is the main difference between FSYD and DADS?

They also come from different issuers: Fidelity and Alphabit. Their fees differ too: 0.55% for FSYD and 1.04% for DADS.