MHY vs. DADS

Last updated Jun 6, 2026

MHY (Man Active High Yield ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. MHY charges 0.69%/yr vs 1.04%/yr for DADS.

Performance

MHY vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active High Yield ETF (MHY) 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, MHY achieves a 2.83% return, which is significantly lower than DADS's 10.95% return.

MHY

• 1D: 0.01%
• 1M: 0.39%
• YTD: 2.83%
• 6M: 3.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DADS

• 1D: -2.99%
• 1M: -2.77%
• YTD: 10.95%
• 6M: 6.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MHY vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
MHY Man Active High Yield ETF	2.83%	1.74%
DADS Digital Asset Debt Strategy ETF	10.95%	-9.19%

Correlation

The correlation between MHY 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 Sep 19, 2025	0.48

Return for Risk

MHY vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active High Yield ETF (MHY) 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

	MHY	DADS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	0.49	+1.74

Drawdowns

MHY vs. DADS - Drawdown Comparison

The maximum MHY drawdown since its inception was -1.58%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for MHY and DADS.

Drawdown Indicators

	MHY	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-17.07%	+15.49%
Current Drawdown Current decline from peak	-0.23%	-5.68%	+5.45%
Average Drawdown Average peak-to-trough decline	-0.31%	-7.60%	+7.29%

Volatility

Volatility by Period

	MHY	DADS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.96%	17.81%	-14.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.96%	17.81%	-14.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.96%	17.81%	-14.85%

MHY vs. DADS - Expense Ratio Comparison

MHY has a 0.69% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

MHY vs. DADS - Dividend Comparison

MHY's dividend yield for the trailing twelve months is around 3.60%, more than DADS's 2.85% yield.

Position	TTM	2025
DADS Digital Asset Debt Strategy ETF	2.85%	1.83%
MHY Man Active High Yield ETF	3.60%	3.42%

Frequently Asked Questions

Can I hold both MHY and DADS in my portfolio?

MHY 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.

Which ETF is better, MHY or DADS?

On fees, MHY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MHY or DADS?

MHY is cheaper with a 0.69% expense ratio, compared with 1.04% for DADS.

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

MHY has the higher dividend yield at 3.60%, compared with 2.85% for DADS.

What is the main difference between MHY and DADS?

They also come from different issuers: Man Group and Alphabit. Their fees differ too: 0.69% for MHY and 1.04% for DADS.