SURI vs. ARDC
Compare and contrast key facts about Simplify Propel Opportunities ETF (SURI) and Ares Dynamic Credit Allocation Fund, Inc. (ARDC).
SURI is an actively managed fund by Simplify. It was launched on Feb 7, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SURI or ARDC.
Key characteristics
| SURI | ARDC | |
|---|---|---|
| YTD Return | 42.94% | 18.55% |
| 1Y Return | 63.59% | 30.56% |
| Sharpe Ratio | 2.17 | 2.67 |
| Sortino Ratio | 3.01 | 3.72 |
| Omega Ratio | 1.35 | 1.50 |
| Calmar Ratio | 3.21 | 4.31 |
| Martin Ratio | 8.67 | 22.33 |
| Ulcer Index | 7.05% | 1.37% |
| Daily Std Dev | 28.20% | 11.49% |
| Max Drawdown | -19.43% | -45.40% |
| Current Drawdown | 0.00% | -1.64% |
Correlation
The correlation between SURI and ARDC is 0.23, 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
SURI vs. ARDC - Performance Comparison
In the year-to-date period, SURI achieves a 42.94% return, which is significantly higher than ARDC's 18.55% 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
SURI vs. ARDC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) and Ares Dynamic Credit Allocation Fund, Inc. (ARDC). 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
SURI vs. ARDC - Dividend Comparison
SURI's dividend yield for the trailing twelve months is around 12.44%, more than ARDC's 9.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SURI Simplify Propel Opportunities ETF | 12.44% | 14.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
SURI vs. ARDC - Drawdown Comparison
The maximum SURI drawdown since its inception was -19.43%, smaller than the maximum ARDC drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for SURI and ARDC. For additional features, visit the drawdowns tool.
Volatility
SURI vs. ARDC - Volatility Comparison
Simplify Propel Opportunities ETF (SURI) has a higher volatility of 7.65% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 2.44%. This indicates that SURI's price experiences larger fluctuations and is considered to be riskier than ARDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.