IBHK vs. DADS

Last updated Jun 3, 2026

IBHK (iShares iBonds 2031 Term High Yield and Income ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. IBHK is passively managed, while DADS is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. IBHK charges 0.35%/yr vs 1.04%/yr for DADS.

Performance

IBHK vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2031 Term High Yield and Income ETF (IBHK) 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, IBHK achieves a 1.99% return, which is significantly lower than DADS's 15.40% return.

IBHK

• 1D: 0.04%
• 1M: 0.41%
• YTD: 1.99%
• 6M: 2.46%
• 1Y: 7.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DADS

• 1D: -0.98%
• 1M: 6.05%
• YTD: 15.40%
• 6M: 10.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBHK vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
IBHK iShares iBonds 2031 Term High Yield and Income ETF	1.99%	3.19%
DADS Digital Asset Debt Strategy ETF	15.40%	-3.41%

Correlation

The correlation between IBHK and DADS is 0.51, 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 6, 2025	0.51

Return for Risk

IBHK vs. DADS — Risk / Return Rank

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

IBHK

IBHK Risk / Return Rank: 59
IBHK Sharpe Ratio Rank: 54
IBHK Sortino Ratio Rank: 59
IBHK Omega Ratio Rank: 58
IBHK Calmar Ratio Rank: 56
IBHK Martin Ratio Rank: 67

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.

IBHK vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2031 Term High Yield and Income ETF (IBHK) 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.

	IBHK	DADS	Difference
Sharpe ratio Return per unit of total volatility	1.90	—	—
Sortino ratio Return per unit of downside risk	2.87	—	—
Omega ratio Gain probability vs. loss probability	1.36	—	—
Calmar ratio Return relative to maximum drawdown	2.83	—	—
Martin ratio Return relative to average drawdown	12.49	—	—
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

	IBHK	DADS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	0.81	+0.77

Drawdowns

IBHK vs. DADS - Drawdown Comparison

The maximum IBHK drawdown since its inception was -4.83%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for IBHK and DADS.

Drawdown Indicators

	IBHK	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	-17.07%	+12.24%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	—	—
Current Drawdown Current decline from peak	-0.08%	-1.90%	+1.82%
Average Drawdown Average peak-to-trough decline	-0.49%	-7.66%	+7.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	—	—

Volatility

Volatility by Period

	IBHK	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.05%	17.59%	-13.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.12%	17.59%	-12.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.12%	17.59%	-12.47%

IBHK vs. DADS - Expense Ratio Comparison

IBHK has a 0.35% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

IBHK vs. DADS - Dividend Comparison

IBHK's dividend yield for the trailing twelve months is around 6.46%, more than DADS's 2.74% yield.

Position	TTM	2025	2024
DADS Digital Asset Debt Strategy ETF	2.74%	1.83%	0.00%
IBHK iShares iBonds 2031 Term High Yield and Income ETF	6.46%	6.52%	4.02%

Frequently Asked Questions

Can I hold both IBHK and DADS in my portfolio?

IBHK 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.

Which ETF is better, IBHK or DADS?

On fees, IBHK is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHK or DADS?

IBHK is cheaper with a 0.35% expense ratio, compared with 1.04% for DADS.

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

IBHK has the higher dividend yield at 6.46%, compared with 2.74% for DADS.

What is the main difference between IBHK and DADS?

They also come from different issuers: iShares and Alphabit. Their fees differ too: 0.35% for IBHK and 1.04% for DADS.