HYHG vs. DADS

Last updated Jun 4, 2026

HYHG (ProShares High Yield-Interest Rate Hedged) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. HYHG is passively managed, while DADS is actively managed. At a 0.29 correlation, their price movements are largely independent. HYHG charges 0.50%/yr vs 1.04%/yr for DADS.

Performance

HYHG vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares High Yield-Interest Rate Hedged (HYHG) 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, HYHG achieves a 2.90% return, which is significantly lower than DADS's 14.37% return.

HYHG

• 1D: -0.45%
• 1M: 0.22%
• YTD: 2.90%
• 6M: 3.60%
• 1Y: 7.32%
• 3Y*: 9.69%
• 5Y*: 6.96%
• 10Y*: 6.17%

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)

HYHG vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
HYHG ProShares High Yield-Interest Rate Hedged	2.90%	2.59%
DADS Digital Asset Debt Strategy ETF	14.37%	-3.41%

Correlation

The correlation between HYHG and DADS is 0.29, 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	0.29

Return for Risk

HYHG vs. DADS — Risk / Return Rank

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

HYHG

HYHG Risk / Return Rank: 49
HYHG Sharpe Ratio Rank: 36
HYHG Sortino Ratio Rank: 36
HYHG Omega Ratio Rank: 35
HYHG Calmar Ratio Rank: 72
HYHG Martin Ratio Rank: 65

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.

HYHG vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) 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.

	HYHG	DADS	Difference
Sharpe ratio: Return per unit of total volatility	1.32	—	—
Sortino ratio: Return per unit of downside risk	1.93	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	3.64	—	—
Martin ratio: Return relative to average drawdown	11.96	—	—
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

	HYHG	DADS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.73	-0.27

Drawdowns

HYHG vs. DADS - Drawdown Comparison

The maximum HYHG drawdown since its inception was -25.71%, which is greater than DADS's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for HYHG and DADS.

Drawdown Indicators

	HYHG	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-25.71%	-17.07%	-8.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.71%	—	—
Current Drawdown Current decline from peak	-0.45%	-2.77%	+2.32%
Average Drawdown Average peak-to-trough decline	-3.04%	-7.63%	+4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	—	—

Volatility

Volatility by Period

	HYHG	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.56%	17.58%	-12.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.16%	17.58%	-9.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.15%	17.58%	-8.43%

HYHG vs. DADS - Expense Ratio Comparison

HYHG has a 0.50% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

HYHG vs. DADS - Dividend Comparison

HYHG's dividend yield for the trailing twelve months is around 6.79%, 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%
HYHG ProShares High Yield-Interest Rate Hedged	6.79%	6.97%	6.57%	6.07%	5.58%	4.54%	5.21%	6.06%	6.45%	5.57%	5.37%	6.37%

Frequently Asked Questions

Can I hold both HYHG and DADS in my portfolio?

HYHG and DADS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYHG or DADS?

On fees, HYHG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYHG or DADS?

HYHG is cheaper with a 0.50% expense ratio, compared with 1.04% for DADS.

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

HYHG has the higher dividend yield at 6.79%, compared with 2.76% for DADS.

What is the main difference between HYHG and DADS?

They also come from different issuers: ProShares and Alphabit. Their fees differ too: 0.50% for HYHG and 1.04% for DADS.