PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
ARDC vs. ARCC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Performance

ARDC vs. ARCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Ares Capital Corporation (ARCC). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
12.04%
6.85%
ARDC
ARCC

Returns By Period

In the year-to-date period, ARDC achieves a 20.52% return, which is significantly higher than ARCC's 16.58% return. Over the past 10 years, ARDC has underperformed ARCC with an annualized return of 8.53%, while ARCC has yielded a comparatively higher 13.24% annualized return.


ARDC

YTD

20.52%

1M

1.87%

6M

12.60%

1Y

31.51%

5Y (annualized)

10.53%

10Y (annualized)

8.53%

ARCC

YTD

16.58%

1M

0.88%

6M

7.61%

1Y

20.56%

5Y (annualized)

13.68%

10Y (annualized)

13.24%

Fundamentals


ARDCARCC

Key characteristics


ARDCARCC
Sharpe Ratio2.871.86
Sortino Ratio3.952.61
Omega Ratio1.541.34
Calmar Ratio5.593.04
Martin Ratio23.6612.90
Ulcer Index1.39%1.64%
Daily Std Dev11.45%11.39%
Max Drawdown-45.40%-79.36%
Current Drawdown-0.01%-0.23%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Correlation

-0.50.00.51.00.3

The correlation between ARDC and ARCC is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

ARDC vs. ARCC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Ares Capital Corporation (ARCC). 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.


Sharpe ratio
The chart of Sharpe ratio for ARDC, currently valued at 2.87, compared to the broader market-4.00-2.000.002.004.002.871.86
The chart of Sortino ratio for ARDC, currently valued at 3.95, compared to the broader market-4.00-2.000.002.004.003.952.61
The chart of Omega ratio for ARDC, currently valued at 1.54, compared to the broader market0.501.001.502.001.541.34
The chart of Calmar ratio for ARDC, currently valued at 5.59, compared to the broader market0.002.004.006.005.593.04
The chart of Martin ratio for ARDC, currently valued at 23.66, compared to the broader market0.0010.0020.0030.0023.6612.90
ARDC
ARCC

The current ARDC Sharpe Ratio is 2.87, which is higher than the ARCC Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of ARDC and ARCC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.87
1.86
ARDC
ARCC

Dividends

ARDC vs. ARCC - Dividend Comparison

ARDC's dividend yield for the trailing twelve months is around 8.49%, less than ARCC's 8.82% yield.


TTM20232022202120202019201820172016201520142013
ARDC
Ares Dynamic Credit Allocation Fund, Inc.
8.49%9.90%10.36%7.20%8.44%8.44%9.39%7.60%8.47%10.51%8.87%7.81%
ARCC
Ares Capital Corporation
8.82%9.59%10.12%7.65%9.47%9.01%9.88%9.67%9.22%11.02%10.06%8.84%

Drawdowns

ARDC vs. ARCC - Drawdown Comparison

The maximum ARDC drawdown since its inception was -45.40%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for ARDC and ARCC. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.01%
-0.23%
ARDC
ARCC

Volatility

ARDC vs. ARCC - Volatility Comparison

The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.65%, while Ares Capital Corporation (ARCC) has a volatility of 3.25%. This indicates that ARDC experiences smaller price fluctuations and is considered to be less risky than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.65%
3.25%
ARDC
ARCC

Financials

ARDC vs. ARCC - Financials Comparison

This section allows you to compare key financial metrics between Ares Dynamic Credit Allocation Fund, Inc. and Ares Capital Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items