ARDC vs. CTA
Compare and contrast key facts about Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Simplify Managed Futures Strategy ETF (CTA).
CTA is an actively managed fund by Simplify. It was launched on Mar 7, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARDC or CTA.
Performance
ARDC vs. CTA - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with ARDC having a 20.52% return and CTA slightly lower at 20.43%.
ARDC
20.52%
1.87%
12.60%
31.51%
10.53%
8.53%
CTA
20.43%
4.60%
1.44%
15.83%
N/A
N/A
Key characteristics
| ARDC | CTA | |
|---|---|---|
| Sharpe Ratio | 2.87 | 1.24 |
| Sortino Ratio | 3.95 | 1.89 |
| Omega Ratio | 1.54 | 1.22 |
| Calmar Ratio | 5.59 | 1.46 |
| Martin Ratio | 23.66 | 3.68 |
| Ulcer Index | 1.39% | 4.43% |
| Daily Std Dev | 11.45% | 13.19% |
| Max Drawdown | -45.40% | -18.07% |
| Current Drawdown | -0.01% | 0.00% |
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Correlation
The correlation between ARDC and CTA is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
ARDC vs. CTA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Simplify Managed Futures Strategy ETF (CTA). 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.
Dividends
ARDC vs. CTA - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 8.49%, more than CTA's 8.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CTA Simplify Managed Futures Strategy ETF | 8.05% | 7.78% | 6.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ARDC vs. CTA - Drawdown Comparison
The maximum ARDC drawdown since its inception was -45.40%, which is greater than CTA's maximum drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for ARDC and CTA. For additional features, visit the drawdowns tool.
Volatility
ARDC vs. CTA - Volatility Comparison
The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.65%, while Simplify Managed Futures Strategy ETF (CTA) has a volatility of 4.39%. This indicates that ARDC experiences smaller price fluctuations and is considered to be less risky than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.