HYBL vs. DADS

Last updated Jun 25, 2026

HYBL (SPDR Blackstone High Income ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. HYBL charges 0.70%/yr vs 1.04%/yr for DADS.

Performance

HYBL vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Blackstone High Income ETF (HYBL) 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, HYBL achieves a 1.16% return, which is significantly lower than DADS's 11.75% return.

HYBL

• 1D: -0.12%
• 1M: 0.20%
• YTD: 1.16%
• 6M: 1.16%
• 1Y: 5.54%
• 3Y*: 8.59%
• 5Y*: —
• 10Y*: —

DADS

• 1D: -2.18%
• 1M: -1.28%
• YTD: 11.75%
• 6M: 9.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYBL vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
HYBL SPDR Blackstone High Income ETF	1.16%	3.03%
DADS Digital Asset Debt Strategy ETF	11.75%	-3.21%

Correlation

The correlation between HYBL and DADS is 0.49, 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 5, 2025	0.49

Return for Risk

HYBL vs. DADS — Risk / Return Rank

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

HYBL

HYBL Risk / Return Rank: 68
HYBL Sharpe Ratio Rank: 74
HYBL Sortino Ratio Rank: 80
HYBL Omega Ratio Rank: 79
HYBL Calmar Ratio Rank: 52
HYBL Martin Ratio Rank: 54

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.

HYBL vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) 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.

	HYBL	DADS	Difference
Sharpe ratio: Return per unit of total volatility	2.10	—	—
Sortino ratio: Return per unit of downside risk	3.19	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	2.31	—	—
Martin ratio: Return relative to average drawdown	8.46	—	—

Drawdowns

HYBL vs. DADS - Drawdown Comparison

The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for HYBL and DADS.

Drawdown Indicators

	HYBL	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-8.46%	-17.07%	+8.61%
Max Drawdown (1Y) Largest decline over 1 year	-2.41%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.32%	—	—
Current Drawdown Current decline from peak	-0.18%	-5.00%	+4.82%
Average Drawdown Average peak-to-trough decline	-1.34%	-7.34%	+6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	—	—

Volatility

Volatility by Period

	HYBL	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.65%	17.81%	-15.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.55%	17.81%	-13.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.55%	17.81%	-13.26%

HYBL vs. DADS - Expense Ratio Comparison

HYBL has a 0.70% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

HYBL vs. DADS - Dividend Comparison

HYBL's dividend yield for the trailing twelve months is around 7.11%, more than DADS's 2.83% yield.

Position	TTM	2025	2024	2023	2022
DADS Digital Asset Debt Strategy ETF	2.83%	1.83%	0.00%	0.00%	0.00%
HYBL SPDR Blackstone High Income ETF	7.11%	7.22%	7.88%	7.93%	5.10%

Frequently Asked Questions

Can I hold both HYBL and DADS in my portfolio?

HYBL and DADS have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYBL or DADS?

On fees, HYBL is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYBL or DADS?

HYBL is cheaper with a 0.70% expense ratio, compared with 1.04% for DADS.

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

HYBL has the higher dividend yield at 7.11%, compared with 2.83% for DADS.

What is the main difference between HYBL and DADS?

They also come from different issuers: State Street and Alphabit. Their fees differ too: 0.70% for HYBL and 1.04% for DADS.