ARDC vs. IQQQ
ARDC (Ares Dynamic Credit Allocation Fund, Inc.) is a stock, while IQQQ (ProShares Nasdaq-100 High Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Over the past year, ARDC returned -2.07% vs 36.99% for IQQQ. At a 0.29 correlation, their price movements are largely independent.
Performance
ARDC vs. IQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, ARDC achieves a -0.27% return, which is significantly lower than IQQQ's 17.28% return.
ARDC
- 1D
- -0.61%
- 1M
- 0.49%
- YTD
- -0.27%
- 6M
- 0.48%
- 1Y
- -2.07%
- 3Y*
- 12.07%
- 5Y*
- 4.72%
- 10Y*
- 8.46%
IQQQ
- 1D
- -0.39%
- 1M
- 2.44%
- YTD
- 17.28%
- 6M
- 16.25%
- 1Y
- 36.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARDC vs. IQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | -0.27% | -3.10% | 14.48% |
IQQQ ProShares Nasdaq-100 High Income ETF | 17.28% | 17.11% | 14.82% |
Correlation
The correlation between ARDC and IQQQ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024 | 0.29 |
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Return for Risk
ARDC vs. IQQQ — Risk / Return Rank
ARDC
IQQQ
ARDC vs. IQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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 | IQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.38 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 3.34 | -3.47 |
| Martin ratioReturn relative to average drawdown | -0.27 | 11.49 | -11.77 |
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Drawdowns
ARDC vs. IQQQ - Drawdown Comparison
The maximum ARDC drawdown since its inception was -45.40%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for ARDC and IQQQ.
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Drawdown Indicators
| ARDC | IQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.40% | -20.41% | -24.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -11.13% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -19.78% | — | — |
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 | -7.86% | -1.51% | -6.35% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -3.62% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.60% | 3.23% | +4.37% |
Volatility
ARDC vs. IQQQ - Volatility Comparison
The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.46%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 7.67%. This indicates that ARDC experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARDC | IQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 7.67% | -5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 13.27% | -6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.59% | 16.79% | -7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 18.98% | -5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 18.98% | -2.10% |
ARDC vs. IQQQ - Expense Ratio Comparison
ARDC has a 0.00% expense ratio, which is lower than IQQQ's 0.55% expense ratio.
Dividends
ARDC vs. IQQQ - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 10.73%, more than IQQQ's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 10.73% | 10.19% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% |
IQQQ ProShares Nasdaq-100 High Income ETF | 4.48% | 10.34% | 7.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARDC and IQQQ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQQQ has higher volatility (7.67%) compared to ARDC (2.46%). In terms of maximum drawdown, ARDC dropped -45.40% vs IQQQ's -20.41%.
IQQQ currently has the higher Sharpe Ratio (2.22 vs -0.22), 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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