IBHL vs. DADS
IBHL (iShares iBonds 2032 Term High Yield and Income ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. IBHL is passively managed, while DADS is actively managed. At a 0.48 correlation, their price movements are largely independent. IBHL charges 0.35%/yr vs 1.04%/yr for DADS.
Performance
IBHL vs. DADS - Performance Comparison
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Returns By Period
In the year-to-date period, IBHL achieves a 1.17% return, which is significantly lower than DADS's 11.75% return.
IBHL
- 1D
- 0.08%
- 1M
- 0.68%
- YTD
- 1.17%
- 6M
- 1.25%
- 1Y
- 6.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DADS
- 1D
- -2.18%
- 1M
- -1.28%
- YTD
- 11.75%
- 6M
- 9.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHL vs. DADS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHL iShares iBonds 2032 Term High Yield and Income ETF | 1.17% | 3.65% |
DADS Digital Asset Debt Strategy ETF | 11.75% | -3.21% |
Correlation
The correlation between IBHL and DADS is 0.48, 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 | 0.48 |
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Return for Risk
IBHL vs. DADS — Risk / Return Rank
IBHL
DADS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHL vs. DADS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2032 Term High Yield and Income ETF (IBHL) 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.
| IBHL | DADS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | — | — |
| Martin ratioReturn relative to average drawdown | 8.81 | — | — |
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Drawdowns
IBHL vs. DADS - Drawdown Comparison
The maximum IBHL drawdown since its inception was -3.70%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for IBHL and DADS.
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Drawdown Indicators
| IBHL | DADS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.70% | -17.07% | +13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -5.00% | +4.85% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -7.34% | +6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | — | — |
Volatility
IBHL vs. DADS - Volatility Comparison
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Volatility by Period
| IBHL | DADS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 17.81% | -13.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 17.81% | -12.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 17.81% | -12.45% |
IBHL vs. DADS - Expense Ratio Comparison
IBHL has a 0.35% expense ratio, which is lower than DADS's 1.04% expense ratio.
Dividends
IBHL vs. DADS - Dividend Comparison
IBHL's dividend yield for the trailing twelve months is around 6.28%, more than DADS's 2.83% yield.
| Position | TTM | 2025 |
|---|---|---|
DADS Digital Asset Debt Strategy ETF | 2.83% | 1.83% |
IBHL iShares iBonds 2032 Term High Yield and Income ETF | 6.28% | 4.90% |
Frequently Asked Questions
IBHL and DADS have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBHL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBHL is cheaper with a 0.35% expense ratio, compared with 1.04% for DADS.
IBHL has the higher dividend yield at 6.28%, compared with 2.83% for DADS.
They also come from different issuers: iShares and Alphabit. Their fees differ too: 0.35% for IBHL and 1.04% for DADS.
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