HYGW vs. DADS
HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. HYGW is passively managed, while DADS is actively managed. At a 0.45 correlation, their price movements are largely independent. HYGW charges 0.69%/yr vs 1.04%/yr for DADS.
Performance
HYGW vs. DADS - Performance Comparison
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Returns By Period
In the year-to-date period, HYGW achieves a 1.89% return, which is significantly lower than DADS's 14.38% return.
HYGW
- 1D
- 0.20%
- 1M
- 0.66%
- YTD
- 1.89%
- 6M
- 2.47%
- 1Y
- 6.67%
- 3Y*
- 5.74%
- 5Y*
- —
- 10Y*
- —
DADS
- 1D
- 0.00%
- 1M
- 2.96%
- YTD
- 14.38%
- 6M
- 9.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGW vs. DADS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 1.89% | 3.31% |
DADS Digital Asset Debt Strategy ETF | 14.38% | -3.41% |
Correlation
The correlation between HYGW and DADS is 0.45, 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 | 0.45 |
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Return for Risk
HYGW vs. DADS — Risk / Return Rank
HYGW
DADS
HYGW vs. DADS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) 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.
| HYGW | DADS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.52 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | — | — |
| Martin ratioReturn relative to average drawdown | 16.88 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYGW | DADS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.73 | +0.53 |
Drawdowns
HYGW vs. DADS - Drawdown Comparison
The maximum HYGW drawdown since its inception was -5.49%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for HYGW and DADS.
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Drawdown Indicators
| HYGW | DADS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.49% | -17.07% | +11.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.77% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -7.61% | +7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | — | — |
Volatility
HYGW vs. DADS - Volatility Comparison
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Volatility by Period
| HYGW | DADS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 17.54% | -14.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 17.54% | -12.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 17.54% | -12.86% |
HYGW vs. DADS - Expense Ratio Comparison
HYGW has a 0.69% expense ratio, which is lower than DADS's 1.04% expense ratio.
Dividends
HYGW vs. DADS - Dividend Comparison
HYGW's dividend yield for the trailing twelve months is around 11.54%, more than DADS's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DADS Digital Asset Debt Strategy ETF | 2.76% | 1.83% | 0.00% | 0.00% | 0.00% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 11.54% | 12.53% | 12.30% | 15.98% | 8.71% |
Frequently Asked Questions
HYGW and DADS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYGW is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYGW is cheaper with a 0.69% expense ratio, compared with 1.04% for DADS.
HYGW has the higher dividend yield at 11.54%, compared with 2.76% for DADS.
They also come from different issuers: iShares and Alphabit. Their fees differ too: 0.69% for HYGW and 1.04% for DADS.
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