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.
Correlation
The correlation between ARDC and IQQQ is 0.21, 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.
Performance
ARDC vs. IQQQ - Performance Comparison
Key characteristics
ARDC:
-0.05
IQQQ:
-0.20
ARDC:
0.02
IQQQ:
-0.12
ARDC:
1.00
IQQQ:
0.98
ARDC:
-0.04
IQQQ:
-0.20
ARDC:
-0.22
IQQQ:
-0.77
ARDC:
3.19%
IQQQ:
5.12%
ARDC:
13.60%
IQQQ:
20.14%
ARDC:
-45.40%
IQQQ:
-19.65%
ARDC:
-16.92%
IQQQ:
-19.65%
Returns By Period
In the year-to-date period, ARDC achieves a -13.44% return, which is significantly higher than IQQQ's -15.64% return.
ARDC
-13.44%
-11.03%
-12.73%
-0.76%
15.73%
6.81%
IQQQ
-15.64%
-14.44%
-11.97%
-2.63%
N/A
N/A
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Risk-Adjusted Performance
ARDC vs. IQQQ — Risk-Adjusted Performance Rank
ARDC
IQQQ
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.
Dividends
ARDC vs. IQQQ - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 10.96%, less than IQQQ's 13.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 10.96% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% | 8.87% |
IQQQ ProShares Nasdaq-100 High Income ETF | 13.70% | 7.27% | 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 -19.65%. 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 8.23%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 10.56%. 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.