ODHY vs. DADS

Last updated Jun 4, 2026

ODHY (Obra Defensive High Yield ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. At a 0.47 correlation, their price movements are largely independent. ODHY charges 0.50%/yr vs 1.04%/yr for DADS.

Performance

ODHY vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Obra Defensive High Yield ETF (ODHY) 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, ODHY achieves a 1.00% return, which is significantly lower than DADS's 14.37% return.

ODHY

• 1D: -0.13%
• 1M: 0.30%
• YTD: 1.00%
• 6M: 1.32%
• 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)

ODHY vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
ODHY Obra Defensive High Yield ETF	1.00%	2.79%
DADS Digital Asset Debt Strategy ETF	14.37%	-3.41%

Correlation

The correlation between ODHY and DADS is 0.47, 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	0.47

Return for Risk

ODHY vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Obra Defensive High Yield ETF (ODHY) 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

	ODHY	DADS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.73	+0.53

Drawdowns

ODHY vs. DADS - Drawdown Comparison

The maximum ODHY drawdown since its inception was -1.96%, smaller than the maximum DADS drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for ODHY and DADS.

Drawdown Indicators

	ODHY	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-1.96%	-17.07%	+15.11%
Current Drawdown Current decline from peak	-0.18%	-2.77%	+2.59%
Average Drawdown Average peak-to-trough decline	-0.34%	-7.63%	+7.29%

Volatility

Volatility by Period

	ODHY	DADS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.73%	17.58%	-14.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.73%	17.58%	-14.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.73%	17.58%	-14.85%

ODHY vs. DADS - Expense Ratio Comparison

ODHY has a 0.50% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

ODHY vs. DADS - Dividend Comparison

ODHY's dividend yield for the trailing twelve months is around 4.78%, more than DADS's 2.76% yield.

Position	TTM	2025
DADS Digital Asset Debt Strategy ETF	2.76%	1.83%
ODHY Obra Defensive High Yield ETF	4.78%	2.62%

Frequently Asked Questions

Can I hold both ODHY and DADS in my portfolio?

ODHY and DADS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ODHY or DADS?

On fees, ODHY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ODHY or DADS?

ODHY is cheaper with a 0.50% expense ratio, compared with 1.04% for DADS.

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

ODHY has the higher dividend yield at 4.78%, compared with 2.76% for DADS.

What is the main difference between ODHY and DADS?

They also come from different issuers: Obra and Alphabit. Their fees differ too: 0.50% for ODHY and 1.04% for DADS.