ARDC vs. OXLC
Compare and contrast key facts about Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Oxford Lane Capital Corp. (OXLC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARDC or OXLC.
Key characteristics
| ARDC | OXLC | |
|---|---|---|
| YTD Return | 17.99% | 27.04% |
| 1Y Return | 28.24% | 27.31% |
| 3Y Return (Ann) | 7.10% | 2.94% |
| 5Y Return (Ann) | 10.05% | 7.08% |
| 10Y Return (Ann) | 8.21% | 7.09% |
| Sharpe Ratio | 2.59 | 1.88 |
| Sortino Ratio | 3.61 | 2.56 |
| Omega Ratio | 1.49 | 1.36 |
| Calmar Ratio | 4.30 | 1.26 |
| Martin Ratio | 21.48 | 10.08 |
| Ulcer Index | 1.39% | 2.79% |
| Daily Std Dev | 11.50% | 14.91% |
| Max Drawdown | -45.40% | -74.58% |
| Current Drawdown | -2.10% | -1.83% |
Fundamentals
| ARDC | OXLC |
|---|
Correlation
The correlation between ARDC and OXLC is 0.22, 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. OXLC - Performance Comparison
In the year-to-date period, ARDC achieves a 17.99% return, which is significantly lower than OXLC's 27.04% return. Over the past 10 years, ARDC has outperformed OXLC with an annualized return of 8.21%, while OXLC has yielded a comparatively lower 7.09% annualized 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. OXLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Oxford Lane Capital Corp. (OXLC). 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. OXLC - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 9.47%, less than OXLC's 18.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 9.47% | 9.90% | 10.36% | 7.20% | 8.44% | 8.44% | 9.39% | 7.60% | 8.47% | 10.51% | 8.87% | 7.81% |
OXLC Oxford Lane Capital Corp. | 18.69% | 18.83% | 17.75% | 10.58% | 22.51% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% | 12.69% |
Drawdowns
ARDC vs. OXLC - Drawdown Comparison
The maximum ARDC drawdown since its inception was -45.40%, smaller than the maximum OXLC drawdown of -74.58%. Use the drawdown chart below to compare losses from any high point for ARDC and OXLC. For additional features, visit the drawdowns tool.
Volatility
ARDC vs. OXLC - Volatility Comparison
The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.56%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 3.22%. This indicates that ARDC experiences smaller price fluctuations and is considered to be less risky than OXLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
ARDC vs. OXLC - Financials Comparison
This section allows you to compare key financial metrics between Ares Dynamic Credit Allocation Fund, Inc. and Oxford Lane Capital Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities