HYG vs. DADS
HYG (iShares iBoxx $ High Yield Corporate Bond ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. HYG is passively managed, while DADS is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. HYG charges 0.49%/yr vs 1.04%/yr for DADS.
Performance
HYG vs. DADS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYG achieves a 1.56% return, which is significantly lower than DADS's 14.24% return.
HYG
- 1D
- -0.09%
- 1M
- 0.46%
- YTD
- 1.56%
- 6M
- 1.74%
- 1Y
- 5.93%
- 3Y*
- 8.75%
- 5Y*
- 3.68%
- 10Y*
- 5.00%
DADS
- 1D
- -0.65%
- 1M
- 0.92%
- YTD
- 14.24%
- 6M
- 12.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYG vs. DADS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 1.56% | 2.90% |
DADS Digital Asset Debt Strategy ETF | 14.24% | -3.21% |
Correlation
The correlation between HYG and DADS is 0.54, 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 | 0.54 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYG vs. DADS — Risk / Return Rank
HYG
DADS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYG vs. DADS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) 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.
| HYG | DADS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | — | — |
| Martin ratioReturn relative to average drawdown | 11.18 | — | — |
Loading charts...
Drawdowns
HYG vs. DADS - Drawdown Comparison
The maximum HYG drawdown since its inception was -34.25%, which is greater than DADS's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for HYG and DADS.
Loading charts...
Drawdown Indicators
| HYG | DADS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -17.07% | -17.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.03% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -2.88% | +2.67% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -7.35% | +4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | — | — |
Volatility
HYG vs. DADS - Volatility Comparison
Loading charts...
Volatility by Period
| HYG | DADS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 17.69% | -13.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 17.69% | -10.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.27% | 17.69% | -9.42% |
HYG vs. DADS - Expense Ratio Comparison
HYG has a 0.49% expense ratio, which is lower than DADS's 1.04% expense ratio.
Dividends
HYG vs. DADS - Dividend Comparison
HYG's dividend yield for the trailing twelve months is around 5.91%, more than DADS's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.91% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Frequently Asked Questions
HYG and DADS have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYG is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYG is cheaper with a 0.49% expense ratio, compared with 1.04% for DADS.
HYG has the higher dividend yield at 5.91%, compared with 2.77% for DADS.
They also come from different issuers: iShares and Alphabit. Their fees differ too: 0.49% for HYG and 1.04% for DADS.
Find the right allocation for HYG and DADS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer