The Analog Devices AD5791 that’s in the Yaggy is single ended output only.
http://www.analog.com/media/en/technical-documentation/data-sheets/AD5791.pdf
If they used two of them, one for each channel, then the balanced output is false and just tacked on, and the SE should sound better with shielded interconnects up to around 3mts
If they however they used used 4 of them then they can get real balanced from the AD5791’s all the way to the outputs. And will have less noise if using interconnects over 5mts.
Schiits are built to a price they may not have splurged the extra dough on it just to get real balanced, maybe the proof is to open it up and count how many AD5791’s there are.
@georgehifi
I shouldn't assume you have checked the Yggdrasil specifications, so as a courtesy I thought I might copy/paste a snippet from their website. This seems to address the balanced issue.
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D/A Conversion IC:
Analog Devices AD5791BRUZ x 4 (2 per channel, hardware balanced configuration)
Analog Stages:
Fully discrete JFET buffers for balanced output and discrete JFET summing stages for single-ended output, direct coupled throughout
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