ARDC vs. JEPQ
ARDC (Ares Dynamic Credit Allocation Fund, Inc.) is a stock, while JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Index. Over the past 3 years, ARDC returned 12.13%/yr vs 20.81%/yr for JEPQ. At a 0.38 correlation, their price movements are largely independent.
Performance
ARDC vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, ARDC achieves a -1.86% return, which is significantly lower than JEPQ's 9.42% return.
ARDC
- 1D
- -0.08%
- 1M
- -0.62%
- YTD
- -1.86%
- 6M
- -2.05%
- 1Y
- -1.69%
- 3Y*
- 12.13%
- 5Y*
- 4.78%
- 10Y*
- 8.19%
JEPQ
- 1D
- -0.12%
- 1M
- 3.79%
- YTD
- 9.42%
- 6M
- 9.57%
- 1Y
- 28.59%
- 3Y*
- 20.81%
- 5Y*
- —
- 10Y*
- —
ARDC vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | -1.86% | -3.10% | 21.05% | 32.35% | -11.98% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.42% | 15.18% | 24.85% | 36.28% | -12.89% |
Correlation
The correlation between ARDC and JEPQ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.38 |
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Return for Risk
ARDC vs. JEPQ — Risk / Return Rank
ARDC
JEPQ
ARDC vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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.
| ARDC | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.48 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.26 | -3.37 |
| Martin ratioReturn relative to average drawdown | -0.23 | 15.99 | -16.22 |
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
| ARDC | JEPQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 2.45 | -2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.00 | -0.64 |
Drawdowns
ARDC vs. JEPQ - Drawdown Comparison
The maximum ARDC drawdown since its inception was -45.40%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for ARDC and JEPQ.
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Drawdown Indicators
| ARDC | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.40% | -20.07% | -25.33% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -8.82% | -6.75% |
Max Drawdown (3Y)Largest decline over 3 years | -19.78% | -20.07% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -26.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.40% | — | — |
Current DrawdownCurrent decline from peak | -9.33% | -0.21% | -9.12% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -3.42% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.38% | 1.79% | +5.59% |
Volatility
ARDC vs. JEPQ - Volatility Comparison
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) has a higher volatility of 2.65% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.28%. This indicates that ARDC's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARDC | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 1.28% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 9.06% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.51% | 11.72% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 16.60% | -2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 16.60% | +0.26% |
ARDC vs. JEPQ - Expense Ratio Comparison
ARDC has a 0.00% expense ratio, which is lower than JEPQ's 0.35% expense ratio.
Dividends
ARDC vs. JEPQ - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 10.81%, more than JEPQ's 10.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 10.81% | 10.19% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.08% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARDC and JEPQ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARDC has higher volatility (2.65%) compared to JEPQ (1.28%). In terms of maximum drawdown, ARDC dropped -45.40% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (2.45 vs -0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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