ARDC vs. QQQI
ARDC (Ares Dynamic Credit Allocation Fund, Inc.) is a stock, while QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos. Over the past year, ARDC returned -2.00% vs 24.88% for QQQI. At a 0.29 correlation, their price movements are largely independent.
Performance
ARDC vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, ARDC achieves a -0.83% return, which is significantly lower than QQQI's 9.86% return.
ARDC
- 1D
- -0.56%
- 1M
- -0.07%
- YTD
- -0.83%
- 6M
- -0.53%
- 1Y
- -2.00%
- 3Y*
- 11.86%
- 5Y*
- 4.57%
- 10Y*
- 8.40%
QQQI
- 1D
- -2.87%
- 1M
- -0.93%
- YTD
- 9.86%
- 6M
- 8.75%
- 1Y
- 24.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARDC vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | -0.83% | -3.10% | 20.79% |
QQQI NEOS Nasdaq-100 High Income ETF | 9.86% | 18.62% | 19.44% |
Correlation
The correlation between ARDC and QQQI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.29 |
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Return for Risk
ARDC vs. QQQI — Risk / Return Rank
ARDC
QQQI
ARDC vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and NEOS Nasdaq-100 High Income ETF (QQQI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARDC | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.32 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.60 | -2.73 |
| Martin ratioReturn relative to average drawdown | -0.26 | 11.10 | -11.37 |
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Drawdowns
ARDC vs. QQQI - Drawdown Comparison
The maximum ARDC drawdown since its inception was -45.40%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for ARDC and QQQI.
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Drawdown Indicators
| ARDC | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.40% | -20.00% | -25.40% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -9.61% | -5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -19.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.40% | — | — |
Current DrawdownCurrent decline from peak | -8.38% | -3.32% | -5.06% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -2.20% | -4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.62% | 2.25% | +5.37% |
Volatility
ARDC vs. QQQI - Volatility Comparison
The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.50%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 7.63%. This indicates that ARDC experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARDC | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 7.63% | -5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.28% | 11.99% | -4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.58% | 14.79% | -5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 17.53% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 17.53% | -0.66% |
ARDC vs. QQQI - Expense Ratio Comparison
ARDC has a 0.00% expense ratio, which is lower than QQQI's 0.68% expense ratio.
Dividends
ARDC vs. QQQI - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 10.79%, less than QQQI's 14.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 10.79% | 10.19% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% |
QQQI NEOS Nasdaq-100 High Income ETF | 14.97% | 13.82% | 12.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARDC and QQQI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQI has higher volatility (7.63%) compared to ARDC (2.50%). In terms of maximum drawdown, ARDC dropped -45.40% vs QQQI's -20.00%.
QQQI currently has the higher Sharpe Ratio (1.69 vs -0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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