Good posts by Eric and Cymbop, with which I agree 100%. Given that the DAC2's rca output is common with the positive polarity output signal on xlr pin 2, using an xlr-to-rca adapter for one of the two rca runs, and connecting the other run to the rca output, would indeed be electrically equivalent to using a y-adapter on the rca output.
In that situation, I second the caution about making sure the adapter leaves xlr pin 3 unconnected, as the Cardas adapters apparently do. Most xlr-to-rca adapters connect pin 3 to pin 1 (ground), which would short the DAC2's output signal on pin 3 to ground. A lot of equipment can tolerate that, but some cannot. Why pin 3 is commonly shorted to ground on xlr-female to rca adapters, which would be used on xlr outputs, has always been beyond me. (It is desirable, though, and often may be a necessity, on xlr-male to rca adapters, that would be used on xlr inputs).
Regards,
-- Al