SNLN vs. DADS

Last updated Jun 4, 2026

SNLN (Highland iBoxx Senior Loan ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. SNLN is passively managed, while DADS is actively managed. SNLN charges 0.75%/yr vs 1.04%/yr for DADS.

Performance

SNLN vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Highland iBoxx Senior Loan ETF (SNLN) and Digital Asset Debt Strategy ETF (DADS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SNLN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 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)

SNLN vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
SNLN Highland iBoxx Senior Loan ETF	0.00%	0.00%
DADS Digital Asset Debt Strategy ETF	14.37%	-3.41%

Return for Risk

SNLN vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Highland iBoxx Senior Loan ETF (SNLN) 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

	SNLN	DADS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.73	—

Drawdowns

Drawdown Indicators

	SNLN	DADS	Difference
Max Drawdown Largest peak-to-trough decline	—	-17.07%	—
Current Drawdown Current decline from peak	—	-2.77%	—
Average Drawdown Average peak-to-trough decline	—	-7.63%	—

Volatility

Volatility by Period

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

SNLN vs. DADS - Expense Ratio Comparison

SNLN has a 0.75% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

SNLN vs. DADS - Dividend Comparison

SNLN has not paid dividends to shareholders, while DADS's dividend yield for the trailing twelve months is around 2.76%.

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%
SNLN Highland iBoxx Senior Loan ETF	0.00%	0.00%	0.00%	5.50%	4.88%	2.83%	3.21%	4.72%	5.03%	4.75%	4.36%	4.36%

Frequently Asked Questions

Which ETF is better, SNLN or DADS?

On fees, SNLN is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNLN or DADS?

SNLN is cheaper with a 0.75% expense ratio, compared with 1.04% for DADS.

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

DADS has the higher dividend yield at 2.76%, compared with 0.00% for SNLN.

What is the main difference between SNLN and DADS?

They also come from different issuers: Highland Capital Management and Alphabit. Their fees differ too: 0.75% for SNLN and 1.04% for DADS.