ARDC vs. CLOI
ARDC (Ares Dynamic Credit Allocation Fund, Inc.) is a stock, while CLOI (VanEck CLO ETF) is CLO fund actively managed by VanEck. Over the past 3 years, ARDC returned 11.86%/yr vs 6.99%/yr for CLOI. At a 0.12 correlation, their price movements are largely independent.
Performance
ARDC vs. CLOI - Performance Comparison
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Returns By Period
In the year-to-date period, ARDC achieves a -0.83% return, which is significantly lower than CLOI's 2.31% return.
ARDC
- 1D
- -0.56%
- 1M
- -0.07%
- YTD
- -0.83%
- 6M
- -0.53%
- 1Y
- -2.00%
- 3Y*
- 11.86%
- 5Y*
- 4.57%
- 10Y*
- 8.40%
CLOI
- 1D
- -0.04%
- 1M
- 0.42%
- YTD
- 2.31%
- 6M
- 2.43%
- 1Y
- 5.45%
- 3Y*
- 6.99%
- 5Y*
- —
- 10Y*
- —
ARDC vs. CLOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | -0.83% | -3.10% | 21.05% | 32.35% | 1.36% |
CLOI VanEck CLO ETF | 2.31% | 5.84% | 8.26% | 8.95% | 2.55% |
Correlation
The correlation between ARDC and CLOI is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022 | 0.12 |
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Return for Risk
ARDC vs. CLOI — Risk / Return Rank
ARDC
CLOI
ARDC vs. CLOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and VanEck CLO ETF (CLOI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARDC | CLOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.99 | ||
| Sortino ratioReturn per unit of downside risk | -7.78 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 2.19 | -1.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 8.76 | -8.88 |
| Martin ratioReturn relative to average drawdown | -0.26 | 41.48 | -41.74 |
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Drawdowns
ARDC vs. CLOI - Drawdown Comparison
The maximum ARDC drawdown since its inception was -45.40%, which is greater than CLOI's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for ARDC and CLOI.
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Drawdown Indicators
| ARDC | CLOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.40% | -3.25% | -42.15% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -0.62% | -14.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.78% | -3.25% | -16.53% |
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 | -8.38% | -0.04% | -8.34% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -0.19% | -6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.62% | 0.13% | +7.49% |
Volatility
ARDC vs. CLOI - Volatility Comparison
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) has a higher volatility of 2.50% compared to VanEck CLO ETF (CLOI) at 0.23%. This indicates that ARDC's price experiences larger fluctuations and is considered to be riskier than CLOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARDC | CLOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 0.23% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.28% | 0.68% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.58% | 1.14% | +8.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 2.54% | +11.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 2.54% | +14.33% |
ARDC vs. CLOI - Expense Ratio Comparison
ARDC has a 0.00% expense ratio, which is lower than CLOI's 0.40% expense ratio.
Dividends
ARDC vs. CLOI - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 10.79%, more than CLOI's 5.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 10.79% | 10.19% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% |
CLOI VanEck CLO ETF | 5.33% | 5.61% | 6.71% | 5.61% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARDC and CLOI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARDC has higher volatility (2.50%) compared to CLOI (0.23%). In terms of maximum drawdown, ARDC dropped -45.40% vs CLOI's -3.25%.
CLOI currently has the higher Sharpe Ratio (4.78 vs -0.21), 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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