GHYG vs. DADS

Last updated Jun 4, 2026

GHYG (iShares US & Intl High Yield Corp Bond ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. GHYG is passively managed, while DADS is actively managed. At a 0.46 correlation, their price movements are largely independent. GHYG charges 0.40%/yr vs 1.04%/yr for DADS.

Performance

GHYG vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares US & Intl High Yield Corp Bond ETF (GHYG) 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, GHYG achieves a 0.62% return, which is significantly lower than DADS's 14.37% return.

GHYG

• 1D: -0.15%
• 1M: 0.20%
• YTD: 0.62%
• 6M: 0.87%
• 1Y: 6.33%
• 3Y*: 8.91%
• 5Y*: 3.28%
• 10Y*: 4.82%

DADS

• 1D: -0.89%
• 1M: 4.49%
• YTD: 14.37%
• 6M: 9.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GHYG vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
GHYG iShares US & Intl High Yield Corp Bond ETF	0.62%	2.96%
DADS Digital Asset Debt Strategy ETF	14.37%	-3.41%

Correlation

The correlation between GHYG and DADS is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.46

Return for Risk

GHYG vs. DADS — Risk / Return Rank

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

GHYG

GHYG Risk / Return Rank: 37
GHYG Sharpe Ratio Rank: 38
GHYG Sortino Ratio Rank: 40
GHYG Omega Ratio Rank: 37
GHYG Calmar Ratio Rank: 34
GHYG Martin Ratio Rank: 39

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.

GHYG vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US & Intl High Yield Corp Bond ETF (GHYG) 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.

	GHYG	DADS	Difference
Sharpe ratio Return per unit of total volatility	1.36	—	—
Sortino ratio Return per unit of downside risk	2.06	—	—
Omega ratio Gain probability vs. loss probability	1.25	—	—
Calmar ratio Return relative to maximum drawdown	1.66	—	—
Martin ratio Return relative to average drawdown	6.19	—	—
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

	GHYG	DADS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.73	-0.18

Drawdowns

GHYG vs. DADS - Drawdown Comparison

The maximum GHYG drawdown since its inception was -27.36%, which is greater than DADS's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for GHYG and DADS.

Drawdown Indicators

	GHYG	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-17.07%	-10.29%
Max Drawdown (1Y) Largest decline over 1 year	-3.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.44%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.36%	—	—
Current Drawdown Current decline from peak	-0.73%	-2.77%	+2.04%
Average Drawdown Average peak-to-trough decline	-3.35%	-7.63%	+4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	—	—

Volatility

Volatility by Period

	GHYG	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.69%	17.58%	-12.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.64%	17.58%	-9.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.77%	17.58%	-8.81%

GHYG vs. DADS - Expense Ratio Comparison

GHYG has a 0.40% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

GHYG vs. DADS - Dividend Comparison

GHYG's dividend yield for the trailing twelve months is around 6.23%, more than DADS's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DADS Digital Asset Debt Strategy ETF	2.76%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GHYG iShares US & Intl High Yield Corp Bond ETF	6.23%	6.03%	6.11%	5.60%	4.64%	4.57%	4.36%	4.61%	5.62%	4.60%	4.61%	4.79%

Frequently Asked Questions

Can I hold both GHYG and DADS in my portfolio?

GHYG and DADS have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GHYG or DADS?

On fees, GHYG is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GHYG or DADS?

GHYG is cheaper with a 0.40% expense ratio, compared with 1.04% for DADS.

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

GHYG has the higher dividend yield at 6.23%, compared with 2.76% for DADS.

What is the main difference between GHYG and DADS?

They also come from different issuers: iShares and Alphabit. Their fees differ too: 0.40% for GHYG and 1.04% for DADS.