HYGH vs. DADS
HYGH (iShares Interest Rate Hedged High Yield Bond ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. HYGH is passively managed, while DADS is actively managed. At a 0.49 correlation, their price movements are largely independent. HYGH charges 0.52%/yr vs 1.04%/yr for DADS.
Performance
HYGH vs. DADS - Performance Comparison
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Returns By Period
In the year-to-date period, HYGH achieves a 3.09% return, which is significantly lower than DADS's 11.75% return.
HYGH
- 1D
- -0.24%
- 1M
- 0.32%
- YTD
- 3.09%
- 6M
- 2.99%
- 1Y
- 7.31%
- 3Y*
- 9.79%
- 5Y*
- 6.81%
- 10Y*
- 6.46%
DADS
- 1D
- -2.18%
- 1M
- -1.28%
- YTD
- 11.75%
- 6M
- 9.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGH vs. DADS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.09% | 3.39% |
DADS Digital Asset Debt Strategy ETF | 11.75% | -3.21% |
Correlation
The correlation between HYGH 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 |
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Return for Risk
HYGH vs. DADS — Risk / Return Rank
HYGH
DADS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYGH vs. DADS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) 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.
| HYGH | DADS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | — | — |
| Martin ratioReturn relative to average drawdown | 17.71 | — | — |
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Drawdowns
HYGH vs. DADS - Drawdown Comparison
The maximum HYGH drawdown since its inception was -23.88%, which is greater than DADS's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for HYGH and DADS.
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Drawdown Indicators
| HYGH | DADS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.88% | -17.07% | -6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -8.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.88% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -5.00% | +4.68% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -7.34% | +5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | — | — |
Volatility
HYGH vs. DADS - Volatility Comparison
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Volatility by Period
| HYGH | DADS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 17.81% | -14.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 17.81% | -10.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.30% | 17.81% | -9.51% |
HYGH vs. DADS - Expense Ratio Comparison
HYGH has a 0.52% expense ratio, which is lower than DADS's 1.04% expense ratio.
Dividends
HYGH vs. DADS - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 6.61%, more than DADS's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DADS Digital Asset Debt Strategy ETF | 2.83% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.61% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
Frequently Asked Questions
HYGH 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.
On fees, HYGH is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYGH is cheaper with a 0.52% expense ratio, compared with 1.04% for DADS.
HYGH has the higher dividend yield at 6.61%, compared with 2.83% for DADS.
They also come from different issuers: iShares and Alphabit. Their fees differ too: 0.52% for HYGH and 1.04% for DADS.
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