FOF vs. ARDC
Compare and contrast key facts about Cohen & Steers Closed-End Opportunity Fund (FOF) and Ares Dynamic Credit Allocation Fund, Inc. (ARDC).
FOF is an actively managed fund by Cohen & Steers. It was launched on Nov 24, 2006.
Performance
FOF vs. ARDC - Performance Comparison
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FOF vs. ARDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOF Cohen & Steers Closed-End Opportunity Fund | -0.96% | 13.01% | 23.65% | 17.90% | -22.69% | 28.24% | 1.52% | 31.37% | -9.43% | 23.41% |
ARDC Ares Dynamic Credit Allocation Fund, Inc. | -6.14% | -3.10% | 21.05% | 32.35% | -22.21% | 23.12% | 2.56% | 21.26% | -8.80% | 17.63% |
Returns By Period
In the year-to-date period, FOF achieves a -0.96% return, which is significantly higher than ARDC's -6.14% return. Over the past 10 years, FOF has outperformed ARDC with an annualized return of 10.65%, while ARDC has yielded a comparatively lower 8.37% annualized return.
FOF
- 1D
- 1.83%
- 1M
- -10.52%
- YTD
- -0.96%
- 6M
- 2.28%
- 1Y
- 15.30%
- 3Y*
- 14.99%
- 5Y*
- 8.04%
- 10Y*
- 10.65%
ARDC
- 1D
- 2.70%
- 1M
- -3.27%
- YTD
- -6.14%
- 6M
- -9.00%
- 1Y
- -4.89%
- 3Y*
- 11.17%
- 5Y*
- 5.31%
- 10Y*
- 8.37%
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Return for Risk
FOF vs. ARDC — Risk / Return Rank
FOF
ARDC
FOF vs. ARDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Closed-End Opportunity Fund (FOF) 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.
| FOF | ARDC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | -0.34 | +1.17 |
Sortino ratioReturn per unit of downside risk | 1.27 | -0.34 | +1.61 |
Omega ratioGain probability vs. loss probability | 1.21 | 0.94 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.31 | +1.30 |
Martin ratioReturn relative to average drawdown | 3.97 | -0.77 | +4.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FOF | ARDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | -0.34 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.39 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.50 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.34 | -0.03 |
Correlation
The correlation between FOF and ARDC is 0.38, 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.
Dividends
FOF vs. ARDC - Dividend Comparison
FOF's dividend yield for the trailing twelve months is around 8.14%, less than ARDC's 11.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOF Cohen & Steers Closed-End Opportunity Fund | 8.14% | 7.91% | 8.22% | 9.32% | 9.99% | 7.06% | 8.41% | 7.78% | 9.41% | 7.84% | 8.90% | 9.49% |
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 11.10% | 10.19% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% |
Drawdowns
FOF vs. ARDC - Drawdown Comparison
The maximum FOF drawdown since its inception was -59.38%, which is greater than ARDC's maximum drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for FOF and ARDC.
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Drawdown Indicators
| FOF | ARDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -45.40% | -13.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -15.57% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -29.96% | -26.48% | -3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -49.74% | -45.40% | -4.34% |
Current DrawdownCurrent decline from peak | -13.52% | -13.29% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -6.60% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 6.36% | -2.63% |
Volatility
FOF vs. ARDC - Volatility Comparison
Cohen & Steers Closed-End Opportunity Fund (FOF) has a higher volatility of 6.09% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 4.94%. This indicates that FOF'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.
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Volatility by Period
| FOF | ARDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 4.94% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 7.42% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 14.48% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 13.73% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.25% | 16.85% | +3.40% |