IBHM vs. DADS

Last updated Jun 4, 2026

IBHM (iShares iBonds 2033 Term High Yield and Income ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. IBHM is passively managed, while DADS is actively managed. A 0.65 correlation means they provide meaningful diversification when combined. IBHM charges 0.35%/yr vs 1.04%/yr for DADS.

Performance

IBHM vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2033 Term High Yield and Income ETF (IBHM) and Digital Asset Debt Strategy ETF (DADS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHM

• 1D: -0.26%
• 1M: 0.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

IBHM vs. DADS - Yearly Performance Comparison

	2026 (YTD)
IBHM iShares iBonds 2033 Term High Yield and Income ETF	2.65%
DADS Digital Asset Debt Strategy ETF	14.07%

Correlation

The correlation between IBHM and DADS is 0.65, 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 Mar 27, 2026	0.65

Return for Risk

IBHM vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2033 Term High Yield and Income ETF (IBHM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBHM	DADS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.80	0.73	+2.07

Drawdowns

IBHM vs. DADS - Drawdown Comparison

The maximum IBHM drawdown since its inception was -1.67%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for IBHM and DADS.

Drawdown Indicators

	IBHM	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-1.67%	-17.07%	+15.40%
Current Drawdown Current decline from peak	-0.48%	-2.77%	+2.29%
Average Drawdown Average peak-to-trough decline	-0.43%	-7.63%	+7.20%

Volatility

Volatility by Period

	IBHM	DADS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.42%	17.58%	-12.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.42%	17.58%	-12.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.42%	17.58%	-12.16%

IBHM vs. DADS - Expense Ratio Comparison

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

Dividends

IBHM vs. DADS - Dividend Comparison

IBHM's dividend yield for the trailing twelve months is around 1.08%, less than DADS's 2.76% yield.

Position	TTM	2025
DADS Digital Asset Debt Strategy ETF	2.76%	1.83%
IBHM iShares iBonds 2033 Term High Yield and Income ETF	1.08%	0.00%

Frequently Asked Questions

Can I hold both IBHM and DADS in my portfolio?

IBHM and DADS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBHM or DADS?

On fees, IBHM 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, IBHM or DADS?

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

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

DADS has the higher dividend yield at 2.76%, compared with 1.08% for IBHM.

What is the main difference between IBHM and DADS?

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