ARDC vs. FJSYX

Last updated Jun 4, 2026

ARDC (Ares Dynamic Credit Allocation Fund, Inc.) is a stock, while FJSYX (Nuveen Credit Income Fund) is High Yield Bonds fund managed by Nuveen. Over the past 10 years, ARDC returned 8.26%/yr vs 6.15%/yr for FJSYX. At a 0.33 correlation, their price movements are largely independent.

Performance

ARDC vs. FJSYX - Performance Comparison

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

Returns By Period

In the year-to-date period, ARDC achieves a -1.78% return, which is significantly lower than FJSYX's 1.65% return. Over the past 10 years, ARDC has outperformed FJSYX with an annualized return of 8.26%, while FJSYX has yielded a comparatively lower 6.15% annualized return.

ARDC

• 1D: -1.19%
• 1M: 0.41%
• YTD: -1.78%
• 6M: -1.97%
• 1Y: -1.89%
• 3Y*: 12.41%
• 5Y*: 4.79%
• 10Y*: 8.26%

FJSYX

• 1D: 0.15%
• 1M: 0.70%
• YTD: 1.65%
• 6M: 2.26%
• 1Y: 7.84%
• 3Y*: 10.46%
• 5Y*: 5.02%
• 10Y*: 6.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARDC vs. FJSYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARDC Ares Dynamic Credit Allocation Fund, Inc.	-1.78%	-3.10%	21.05%	32.35%	-22.21%	23.12%	2.56%	21.26%	-8.80%	17.63%
FJSYX Nuveen Credit Income Fund	1.65%	8.21%	11.55%	13.62%	-10.00%	4.81%	1.43%	16.84%	-4.44%	7.57%

Correlation

The correlation between ARDC and FJSYX 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	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Nov 29, 2012	0.33

The correlation between ARDC and FJSYX shifts across timeframes, from 0.25 (3 years) to 0.37 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ARDC vs. FJSYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARDC

ARDC Risk / Return Rank: 31
ARDC Sharpe Ratio Rank: 32
ARDC Sortino Ratio Rank: 25
ARDC Omega Ratio Rank: 25
ARDC Calmar Ratio Rank: 36
ARDC Martin Ratio Rank: 36

FJSYX

FJSYX Risk / Return Rank: 87
FJSYX Sharpe Ratio Rank: 82
FJSYX Sortino Ratio Rank: 94
FJSYX Omega Ratio Rank: 95
FJSYX Calmar Ratio Rank: 77
FJSYX Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARDC vs. FJSYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Nuveen Credit Income Fund (FJSYX). 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	FJSYX	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	2.66	-2.86
Sortino ratio: Return per unit of downside risk	-0.21	4.92	-5.13
Omega ratio: Gain probability vs. loss probability	0.97	1.77	-0.79
Calmar ratio: Return relative to maximum drawdown	-0.12	3.52	-3.64
Martin ratio: Return relative to average drawdown	-0.26	16.13	-16.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARDC vs. FJSYX - Sharpe Ratio Comparison

The current ARDC Sharpe Ratio is -0.20, which is lower than the FJSYX Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of ARDC and FJSYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARDC	FJSYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	2.66	-2.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	1.16	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	1.06	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.92	-0.56

Drawdowns

ARDC vs. FJSYX - Drawdown Comparison

The maximum ARDC drawdown since its inception was -45.40%, which is greater than FJSYX's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for ARDC and FJSYX.

Drawdown Indicators

	ARDC	FJSYX	Difference
Max Drawdown Largest peak-to-trough decline	-45.40%	-36.44%	-8.96%
Max Drawdown (1Y) Largest decline over 1 year	-15.57%	-2.25%	-13.32%
Max Drawdown (3Y) Largest decline over 3 years	-19.78%	-3.71%	-16.07%
Max Drawdown (5Y) Largest decline over 5 years	-26.48%	-14.28%	-12.20%
Max Drawdown (10Y) Largest decline over 10 years	-45.40%	-25.66%	-19.74%
Current Drawdown Current decline from peak	-9.26%	0.00%	-9.26%
Average Drawdown Average peak-to-trough decline	-6.64%	-4.18%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.36%	0.49%	+6.87%

Volatility

ARDC vs. FJSYX - Volatility Comparison

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) has a higher volatility of 2.83% compared to Nuveen Credit Income Fund (FJSYX) at 1.05%. This indicates that ARDC's price experiences larger fluctuations and is considered to be riskier than FJSYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARDC	FJSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	1.05%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	7.14%	2.24%	+4.90%
Volatility (1Y) Calculated over the trailing 1-year period	9.51%	2.97%	+6.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	4.34%	+9.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	5.82%	+11.05%

ARDC vs. FJSYX - Expense Ratio Comparison

ARDC has a 0.00% expense ratio, which is lower than FJSYX's 0.75% expense ratio.

Dividends

ARDC vs. FJSYX - Dividend Comparison

ARDC's dividend yield for the trailing twelve months is around 10.80%, more than FJSYX's 6.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARDC Ares Dynamic Credit Allocation Fund, Inc.	10.80%	10.19%	9.33%	9.85%	10.31%	7.16%	8.40%	8.40%	9.35%	7.58%	8.45%	10.51%
FJSYX Nuveen Credit Income Fund	6.80%	8.29%	8.42%	7.32%	6.12%	4.71%	4.73%	6.17%	7.83%	7.07%	7.09%	8.07%

Frequently Asked Questions

Can I hold both ARDC and FJSYX in my portfolio?

ARDC and FJSYX 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.

Which is riskier, ARDC or FJSYX?

ARDC has higher volatility (2.83%) compared to FJSYX (1.05%). In terms of maximum drawdown, ARDC dropped -45.40% vs FJSYX's -36.44%.

Which has better risk-adjusted returns?

FJSYX currently has the higher Sharpe Ratio (2.66 vs -0.20), 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.