SHYG vs. DADS
SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. SHYG is passively managed, while DADS is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. SHYG charges 0.30%/yr vs 1.04%/yr for DADS.
Performance
SHYG vs. DADS - Performance Comparison
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Returns By Period
In the year-to-date period, SHYG achieves a 1.44% return, which is significantly lower than DADS's 14.37% return.
SHYG
- 1D
- -0.24%
- 1M
- 0.35%
- YTD
- 1.44%
- 6M
- 1.95%
- 1Y
- 6.50%
- 3Y*
- 8.12%
- 5Y*
- 4.83%
- 10Y*
- 5.18%
DADS
- 1D
- -0.89%
- 1M
- 4.49%
- YTD
- 14.37%
- 6M
- 9.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHYG vs. DADS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 1.44% | 2.86% |
DADS Digital Asset Debt Strategy ETF | 14.37% | -3.41% |
Correlation
The correlation between SHYG and DADS is 0.53, 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 | 0.53 |
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Return for Risk
SHYG vs. DADS — Risk / Return Rank
SHYG
DADS
SHYG vs. DADS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) 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.
| SHYG | DADS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | — | — |
| Martin ratioReturn relative to average drawdown | 16.23 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHYG | DADS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.73 | 0.00 |
Drawdowns
SHYG vs. DADS - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.26%, which is greater than DADS's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for SHYG and DADS.
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Drawdown Indicators
| SHYG | DADS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -17.07% | -2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -2.77% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -7.63% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | — | — |
Volatility
SHYG vs. DADS - Volatility Comparison
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Volatility by Period
| SHYG | DADS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 17.58% | -14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 17.58% | -11.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 17.58% | -11.16% |
SHYG vs. DADS - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is lower than DADS's 1.04% expense ratio.
Dividends
SHYG vs. DADS - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 7.02%, more than DADS's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DADS Digital Asset Debt Strategy ETF | 2.76% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.02% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
Frequently Asked Questions
SHYG and DADS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHYG is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHYG is cheaper with a 0.30% expense ratio, compared with 1.04% for DADS.
SHYG has the higher dividend yield at 7.02%, compared with 2.76% for DADS.
They also come from different issuers: iShares and Alphabit. Their fees differ too: 0.30% for SHYG and 1.04% for DADS.
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