ARDC vs. SVOL
Compare and contrast key facts about Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Simplify Volatility Premium ETF (SVOL).
SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARDC or SVOL.
Key characteristics
| ARDC | SVOL | |
|---|---|---|
| YTD Return | 18.55% | 9.21% |
| 1Y Return | 30.56% | 12.36% |
| 3Y Return (Ann) | 7.50% | 8.63% |
| Sharpe Ratio | 2.67 | 1.07 |
| Sortino Ratio | 3.72 | 1.45 |
| Omega Ratio | 1.50 | 1.27 |
| Calmar Ratio | 4.31 | 1.18 |
| Martin Ratio | 22.33 | 7.69 |
| Ulcer Index | 1.37% | 1.67% |
| Daily Std Dev | 11.49% | 11.96% |
| Max Drawdown | -45.40% | -15.68% |
| Current Drawdown | -1.64% | -0.50% |
Correlation
The correlation between ARDC and SVOL is 0.33, 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. SVOL - Performance Comparison
In the year-to-date period, ARDC achieves a 18.55% return, which is significantly higher than SVOL's 9.21% 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. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Simplify Volatility Premium ETF (SVOL). 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. SVOL - Dividend Comparison
ARDC's dividend yield for the trailing twelve months is around 9.42%, less than SVOL's 16.37% 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% |
SVOL Simplify Volatility Premium ETF | 16.37% | 16.37% | 18.31% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ARDC vs. SVOL - Drawdown Comparison
The maximum ARDC drawdown since its inception was -45.40%, which is greater than SVOL's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for ARDC and SVOL. For additional features, visit the drawdowns tool.
Volatility
ARDC vs. SVOL - Volatility Comparison
The current volatility for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 2.44%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 3.45%. This indicates that ARDC experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.