GHYB vs. DADS

Last updated Jun 24, 2026

GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. GHYB is passively managed, while DADS is actively managed. A 0.50 correlation means they provide meaningful diversification when combined. GHYB charges 0.34%/yr vs 1.04%/yr for DADS.

Performance

GHYB vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) 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, GHYB achieves a 1.55% return, which is significantly lower than DADS's 14.24% return.

GHYB

• 1D: -0.02%
• 1M: 0.58%
• YTD: 1.55%
• 6M: 1.70%
• 1Y: 6.43%
• 3Y*: 8.96%
• 5Y*: 3.95%
• 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)

GHYB vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
GHYB Goldman Sachs Access High Yield Corporate Bond ETF	1.55%	3.34%
DADS Digital Asset Debt Strategy ETF	14.24%	-3.21%

Correlation

The correlation between GHYB and DADS is 0.50, 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	0.50

Return for Risk

GHYB vs. DADS — Risk / Return Rank

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

GHYB

GHYB Risk / Return Rank: 60
GHYB Sharpe Ratio Rank: 58
GHYB Sortino Ratio Rank: 62
GHYB Omega Ratio Rank: 63
GHYB Calmar Ratio Rank: 52
GHYB Martin Ratio Rank: 64

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.

GHYB vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) 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.

	GHYB	DADS	Difference
Sharpe ratio: Return per unit of total volatility	1.84	—	—
Sortino ratio: Return per unit of downside risk	2.73	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.41	—	—
Martin ratio: Return relative to average drawdown	10.98	—	—

Drawdowns

GHYB vs. DADS - Drawdown Comparison

The maximum GHYB drawdown since its inception was -21.48%, which is greater than DADS's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for GHYB and DADS.

Drawdown Indicators

	GHYB	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-21.48%	-17.07%	-4.41%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.08%	—	—
Current Drawdown Current decline from peak	-0.10%	-2.88%	+2.78%
Average Drawdown Average peak-to-trough decline	-2.55%	-7.35%	+4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	—	—

Volatility

Volatility by Period

	GHYB	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	17.69%	-14.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.70%	17.69%	-9.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.26%	17.69%	-9.43%

GHYB vs. DADS - Expense Ratio Comparison

GHYB has a 0.34% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

GHYB vs. DADS - Dividend Comparison

GHYB's dividend yield for the trailing twelve months is around 6.79%, more than DADS's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DADS Digital Asset Debt Strategy ETF	2.77%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GHYB Goldman Sachs Access High Yield Corporate Bond ETF	6.79%	7.00%	6.65%	6.20%	5.67%	4.46%	4.75%	5.57%	5.68%	1.45%

Frequently Asked Questions

Can I hold both GHYB and DADS in my portfolio?

GHYB and DADS have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GHYB or DADS?

On fees, GHYB is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GHYB or DADS?

GHYB is cheaper with a 0.34% expense ratio, compared with 1.04% for DADS.

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

GHYB has the higher dividend yield at 6.79%, compared with 2.77% for DADS.

What is the main difference between GHYB and DADS?

They also come from different issuers: Goldman Sachs and Alphabit. Their fees differ too: 0.34% for GHYB and 1.04% for DADS.