ARDC vs. JEPQ
Compare and contrast key facts about Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARDC or JEPQ.
Key characteristics
| ARDC | JEPQ | |
|---|---|---|
| YTD Return | 18.55% | 22.91% |
| 1Y Return | 30.56% | 29.64% |
| Sharpe Ratio | 2.67 | 2.45 |
| Sortino Ratio | 3.72 | 3.19 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 4.31 | 2.80 |
| Martin Ratio | 22.33 | 12.13 |
| Ulcer Index | 1.37% | 2.48% |
| Daily Std Dev | 11.49% | 12.27% |
| Max Drawdown | -45.40% | -16.82% |
| Current Drawdown | -1.64% | 0.00% |
Correlation
The correlation between ARDC and JEPQ is 0.38, 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. JEPQ - Performance Comparison
In the year-to-date period, ARDC achieves a 18.55% return, which is significantly lower than JEPQ's 22.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ARDC vs. JEPQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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. JEPQ - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 9.42%, which matches JEPQ's 9.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 9.42% | 9.90% | 10.36% | 7.20% | 8.44% | 8.44% | 9.39% | 7.60% | 8.47% | 10.51% | 8.87% | 7.81% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.38% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ARDC vs. JEPQ - Drawdown Comparison
The maximum ARDC drawdown since its inception was -45.40%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for ARDC and JEPQ. For additional features, visit the drawdowns tool.
Volatility
ARDC vs. JEPQ - Volatility Comparison
The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.44%, while JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a volatility of 3.40%. This indicates that ARDC experiences smaller price fluctuations and is considered to be less risky than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.