HYS vs. DADS
HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. HYS is passively managed, while DADS is actively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. HYS charges 0.56%/yr vs 1.04%/yr for DADS.
Performance
HYS vs. DADS - Performance Comparison
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Returns By Period
In the year-to-date period, HYS achieves a 1.42% return, which is significantly lower than DADS's 6.35% return.
HYS
- 1D
- 0.06%
- 1M
- -0.28%
- 6M
- 1.03%
- YTD
- 1.42%
- 1Y
- 5.05%
- 3Y*
- 8.13%
- 5Y*
- 5.03%
- 10Y*
- 5.19%
- ALL TIME*
- 4.99%
DADS
- 1D
- -0.66%
- 1M
- -2.32%
- 6M
- 1.41%
- YTD
- 6.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $84.25K | $151.20K | $87.13K | |
| $8.07M | $9.33M | $11.19M |
HYS vs. DADS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 1.42% | 3.27% |
DADS Digital Asset Debt Strategy ETF | 6.35% | -3.21% |
Correlation
The correlation between HYS and DADS is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | 0.51 |
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Return for Risk
HYS vs. DADS — Risk / Return Rank
HYS
DADS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYS vs. DADS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) 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.
| HYS | 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 | 2.76 | — | — |
| Martin ratioReturn relative to average drawdown | 10.85 | — | — |
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Drawdowns
HYS vs. DADS - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, which is greater than DADS's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for HYS and DADS.
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Drawdown Indicators
| HYS | DADS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -17.07% | -3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.91% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -9.60% | +9.07% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -7.37% | +5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | — | — |
Volatility
HYS vs. DADS - Volatility Comparison
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Volatility by Period
| HYS | DADS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 17.82% | -14.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.26% | 17.82% | -11.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 17.82% | -11.04% |
HYS vs. DADS - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is lower than DADS's 1.04% expense ratio.
Dividends
HYS vs. DADS - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 7.48%, more than DADS's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DADS Digital Asset Debt Strategy ETF | 4.84% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 6.87% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
Frequently Asked Questions
HYS and DADS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYS is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYS is cheaper with a 0.56% expense ratio, compared with 1.04% for DADS.
HYS has the higher dividend yield at 6.87%, compared with 4.84% for DADS.
They also come from different issuers: PIMCO and AlphaBit. Their fees differ too: 0.56% for HYS and 1.04% for DADS.
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