PHYL vs. DADS

Last updated Jun 5, 2026

PHYL (PGIM Active High Yield Bond ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. PHYL charges 0.53%/yr vs 1.04%/yr for DADS.

Performance

PHYL vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Active High Yield Bond ETF (PHYL) 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, PHYL achieves a 1.53% return, which is significantly lower than DADS's 14.38% return.

PHYL

• 1D: 0.17%
• 1M: 0.33%
• YTD: 1.53%
• 6M: 2.10%
• 1Y: 7.43%
• 3Y*: 9.20%
• 5Y*: 4.04%
• 10Y*: —

DADS

• 1D: 0.00%
• 1M: 2.96%
• YTD: 14.38%
• 6M: 9.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PHYL vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
PHYL PGIM Active High Yield Bond ETF	1.53%	3.16%
DADS Digital Asset Debt Strategy ETF	14.38%	-3.41%

Correlation

The correlation between PHYL and DADS is 0.51, 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 Aug 6, 2025	0.51

Return for Risk

PHYL vs. DADS — Risk / Return Rank

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

PHYL

PHYL Risk / Return Rank: 71
PHYL Sharpe Ratio Rank: 72
PHYL Sortino Ratio Rank: 77
PHYL Omega Ratio Rank: 79
PHYL Calmar Ratio Rank: 57
PHYL Martin Ratio Rank: 69

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.

PHYL vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Active High Yield Bond ETF (PHYL) 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.

	PHYL	DADS	Difference
Sharpe ratio: Return per unit of total volatility	2.30	—	—
Sortino ratio: Return per unit of downside risk	3.40	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	2.79	—	—
Martin ratio: Return relative to average drawdown	12.75	—	—
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

	PHYL	DADS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.73	-0.01

Drawdowns

PHYL vs. DADS - Drawdown Comparison

The maximum PHYL drawdown since its inception was -22.07%, which is greater than DADS's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for PHYL and DADS.

Drawdown Indicators

	PHYL	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-22.07%	-17.07%	-5.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.11%	—	—
Current Drawdown Current decline from peak	-0.13%	-2.77%	+2.64%
Average Drawdown Average peak-to-trough decline	-3.06%	-7.61%	+4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	—	—

Volatility

Volatility by Period

	PHYL	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.25%	17.54%	-14.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.68%	17.54%	-11.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.66%	17.54%	-9.88%

PHYL vs. DADS - Expense Ratio Comparison

PHYL has a 0.53% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

PHYL vs. DADS - Dividend Comparison

PHYL's dividend yield for the trailing twelve months is around 6.99%, more than DADS's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DADS Digital Asset Debt Strategy ETF	2.76%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PHYL PGIM Active High Yield Bond ETF	6.99%	7.05%	8.28%	7.62%	6.55%	6.13%	7.51%	7.31%	1.79%

Frequently Asked Questions

Can I hold both PHYL and DADS in my portfolio?

PHYL and DADS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PHYL or DADS?

On fees, PHYL is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PHYL or DADS?

PHYL is cheaper with a 0.53% expense ratio, compared with 1.04% for DADS.

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

PHYL has the higher dividend yield at 6.99%, compared with 2.76% for DADS.

What is the main difference between PHYL and DADS?

They also come from different issuers: Prudential and Alphabit. Their fees differ too: 0.53% for PHYL and 1.04% for DADS.