ARDC vs. IQQQ
Compare and contrast key facts about Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and ProShares Nasdaq-100 High Income ETF (IQQQ).
IQQQ is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Daily Covered Call Index. It was launched on Mar 18, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARDC or IQQQ.
Performance
ARDC vs. IQQQ - Performance Comparison
Returns By Period
ARDC
18.47%
-0.61%
7.91%
30.61%
9.95%
8.38%
IQQQ
N/A
0.92%
9.79%
N/A
N/A
N/A
Key characteristics
| ARDC | IQQQ | |
|---|---|---|
| Daily Std Dev | 11.44% | 17.26% |
| Max Drawdown | -45.40% | -13.07% |
| Current Drawdown | -1.71% | -2.46% |
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Correlation
The correlation between ARDC and IQQQ is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
ARDC vs. IQQQ - Risk-Adjusted Performance 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.
Not enough dataDividends
ARDC vs. IQQQ - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 8.64%, more than IQQQ's 6.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 8.64% | 9.90% | 10.36% | 7.20% | 8.44% | 8.44% | 9.39% | 7.60% | 8.47% | 10.51% | 8.87% | 7.81% |
IQQQ ProShares Nasdaq-100 High Income ETF | 6.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 -13.07%. Use the drawdown chart below to compare losses from any high point for ARDC and IQQQ. For additional features, visit the drawdowns tool.
Volatility
ARDC vs. IQQQ - Volatility Comparison
The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.50%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 5.44%. 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.