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ARDC vs. OXLC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Performance

ARDC vs. OXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Oxford Lane Capital Corp. (OXLC). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
12.86%
6.72%
ARDC
OXLC

Returns By Period

In the year-to-date period, ARDC achieves a 21.42% return, which is significantly lower than OXLC's 25.83% return. Over the past 10 years, ARDC has outperformed OXLC with an annualized return of 8.63%, while OXLC has yielded a comparatively lower 6.93% annualized return.


ARDC

YTD

21.42%

1M

2.87%

6M

12.86%

1Y

32.50%

5Y (annualized)

10.73%

10Y (annualized)

8.63%

OXLC

YTD

25.83%

1M

1.51%

6M

6.52%

1Y

28.67%

5Y (annualized)

8.38%

10Y (annualized)

6.93%

Fundamentals


ARDCOXLC

Key characteristics


ARDCOXLC
Sharpe Ratio2.841.83
Sortino Ratio3.922.53
Omega Ratio1.541.35
Calmar Ratio5.761.22
Martin Ratio23.429.87
Ulcer Index1.39%2.75%
Daily Std Dev11.44%14.79%
Max Drawdown-45.40%-74.59%
Current Drawdown-0.07%-2.77%

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Correlation

-0.50.00.51.00.2

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.

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.


Sharpe ratio
The chart of Sharpe ratio for ARDC, currently valued at 2.84, compared to the broader market-4.00-2.000.002.004.002.841.95
The chart of Sortino ratio for ARDC, currently valued at 3.92, compared to the broader market-4.00-2.000.002.004.003.922.67
The chart of Omega ratio for ARDC, currently valued at 1.54, compared to the broader market0.501.001.502.001.541.37
The chart of Calmar ratio for ARDC, currently valued at 5.76, compared to the broader market0.002.004.006.005.761.29
The chart of Martin ratio for ARDC, currently valued at 23.42, compared to the broader market0.0010.0020.0030.0023.4210.42
ARDC
OXLC

The current ARDC Sharpe Ratio is 2.84, which is higher than the OXLC Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of ARDC and OXLC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.84
1.95
ARDC
OXLC

Dividends

ARDC vs. OXLC - Dividend Comparison

ARDC's dividend yield for the trailing twelve months is around 9.27%, less than OXLC's 19.39% yield.


TTM20232022202120202019201820172016201520142013
ARDC
Ares Dynamic Credit Allocation Fund, Inc.
9.27%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.
19.39%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 -74.59%. Use the drawdown chart below to compare losses from any high point for ARDC and OXLC. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.07%
-2.77%
ARDC
OXLC

Volatility

ARDC vs. OXLC - Volatility Comparison

The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.75%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 3.10%. 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.


2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
2.75%
3.10%
ARDC
OXLC

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items