NJNK vs. DADS

Last updated Jun 4, 2026

NJNK (Columbia U.S. High Yield ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. Both are actively managed. At a 0.50 correlation, their price movements are largely independent. NJNK charges 0.46%/yr vs 1.04%/yr for DADS.

Performance

NJNK vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia U.S. High Yield ETF (NJNK) 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, NJNK achieves a 1.32% return, which is significantly lower than DADS's 14.37% return.

NJNK

• 1D: -0.32%
• 1M: 0.28%
• YTD: 1.32%
• 6M: 1.46%
• 1Y: 6.93%
• 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)

NJNK vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
NJNK Columbia U.S. High Yield ETF	1.32%	3.37%
DADS Digital Asset Debt Strategy ETF	14.37%	-3.41%

Correlation

The correlation between NJNK and DADS is 0.50, 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 6, 2025	0.50

Return for Risk

NJNK vs. DADS — Risk / Return Rank

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

NJNK

NJNK Risk / Return Rank: 56
NJNK Sharpe Ratio Rank: 51
NJNK Sortino Ratio Rank: 56
NJNK Omega Ratio Rank: 54
NJNK Calmar Ratio Rank: 55
NJNK Martin Ratio Rank: 62

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.

NJNK vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. High Yield ETF (NJNK) 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.

	NJNK	DADS	Difference
Sharpe ratio Return per unit of total volatility	1.74	—	—
Sortino ratio Return per unit of downside risk	2.64	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	2.64	—	—
Martin ratio Return relative to average drawdown	10.97	—	—
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

	NJNK	DADS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.73	+0.58

Drawdowns

NJNK vs. DADS - Drawdown Comparison

The maximum NJNK drawdown since its inception was -4.48%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for NJNK and DADS.

Drawdown Indicators

	NJNK	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-4.48%	-17.07%	+12.59%
Max Drawdown (1Y) Largest decline over 1 year	-2.63%	—	—
Current Drawdown Current decline from peak	-0.32%	-2.77%	+2.45%
Average Drawdown Average peak-to-trough decline	-0.50%	-7.63%	+7.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	—	—

Volatility

Volatility by Period

	NJNK	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	17.58%	-13.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.80%	17.58%	-12.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.80%	17.58%	-12.78%

NJNK vs. DADS - Expense Ratio Comparison

NJNK has a 0.46% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

NJNK vs. DADS - Dividend Comparison

NJNK's dividend yield for the trailing twelve months is around 6.44%, more than DADS's 2.76% yield.

Position	TTM	2025	2024
DADS Digital Asset Debt Strategy ETF	2.76%	1.83%	0.00%
NJNK Columbia U.S. High Yield ETF	6.44%	6.34%	2.05%

Frequently Asked Questions

Can I hold both NJNK and DADS in my portfolio?

NJNK and DADS have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NJNK or DADS?

On fees, NJNK is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NJNK or DADS?

NJNK is cheaper with a 0.46% expense ratio, compared with 1.04% for DADS.

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

NJNK has the higher dividend yield at 6.44%, compared with 2.76% for DADS.

What is the main difference between NJNK and DADS?

They also come from different issuers: Columbia and Alphabit. Their fees differ too: 0.46% for NJNK and 1.04% for DADS.