ARDC vs. DGRO
ARDC (Ares Dynamic Credit Allocation Fund, Inc.) is a stock, while DGRO (iShares Core Dividend Growth ETF) is Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 10 years, ARDC returned 8.32%/yr vs 13.52%/yr for DGRO. At a 0.37 correlation, their price movements are largely independent.
Performance
ARDC vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, ARDC achieves a -1.07% return, which is significantly lower than DGRO's 9.86% return. Over the past 10 years, ARDC has underperformed DGRO with an annualized return of 8.32%, while DGRO has yielded a comparatively higher 13.52% annualized return.
ARDC
- 1D
- 0.24%
- 1M
- -1.38%
- YTD
- -1.07%
- 6M
- -0.45%
- 1Y
- -2.63%
- 3Y*
- 12.24%
- 5Y*
- 4.85%
- 10Y*
- 8.32%
DGRO
- 1D
- 0.69%
- 1M
- 3.74%
- YTD
- 9.86%
- 6M
- 9.27%
- 1Y
- 22.26%
- 3Y*
- 16.74%
- 5Y*
- 10.82%
- 10Y*
- 13.52%
ARDC vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | -1.07% | -3.10% | 21.05% | 32.35% | -22.21% | 23.12% | 2.56% | 21.26% | -8.80% | 17.63% |
DGRO iShares Core Dividend Growth ETF | 9.86% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between ARDC and DGRO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.37 |
The correlation between ARDC and DGRO shifts across timeframes, from 0.27 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ARDC vs. DGRO — Risk / Return Rank
ARDC
DGRO
ARDC vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and iShares Core Dividend Growth ETF (DGRO). 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 | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.72 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.42 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.46 | -3.63 |
| Martin ratioReturn relative to average drawdown | -0.35 | 13.36 | -13.72 |
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Drawdowns
ARDC vs. DGRO - Drawdown Comparison
The maximum ARDC drawdown since its inception was -45.40%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for ARDC and DGRO.
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Drawdown Indicators
| ARDC | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.40% | -35.10% | -10.30% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -6.47% | -9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.78% | -14.03% | -5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -26.48% | -19.31% | -7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -45.40% | -35.10% | -10.30% |
Current DrawdownCurrent decline from peak | -8.60% | 0.00% | -8.60% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -3.44% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 1.68% | +5.83% |
Volatility
ARDC vs. DGRO - Volatility Comparison
The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.42%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.64%. This indicates that ARDC experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARDC | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 2.64% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 6.96% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.47% | 9.59% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 13.83% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 16.62% | +0.24% |
ARDC vs. DGRO - Expense Ratio Comparison
ARDC has a 0.00% expense ratio, which is lower than DGRO's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ARDC vs. DGRO - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 10.72%, more than DGRO's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 10.72% | 10.19% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% |
DGRO iShares Core Dividend Growth ETF | 1.94% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
Frequently Asked Questions
ARDC and DGRO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.64%) compared to ARDC (2.42%). In terms of maximum drawdown, ARDC dropped -45.40% vs DGRO's -35.10%.
DGRO currently has the higher Sharpe Ratio (2.34 vs -0.28), 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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