IQQQ vs. ARDC
Compare and contrast key facts about ProShares Nasdaq-100 High Income ETF (IQQQ) and Ares Dynamic Credit Allocation Fund, Inc. (ARDC).
IQQQ is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Daily Covered Call Index. It was launched on Mar 18, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IQQQ or ARDC.
Performance
IQQQ vs. ARDC - Performance Comparison
Returns By Period
IQQQ
N/A
0.94%
9.31%
N/A
N/A
N/A
ARDC
20.44%
1.53%
12.13%
32.78%
10.53%
8.54%
Key characteristics
| IQQQ | ARDC | |
|---|---|---|
| Daily Std Dev | 17.16% | 11.45% |
| Max Drawdown | -13.07% | -45.40% |
| Current Drawdown | -2.10% | -0.07% |
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Correlation
The correlation between IQQQ and ARDC is 0.06, 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
IQQQ vs. ARDC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) 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.
Not enough dataDividends
IQQQ vs. ARDC - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 6.11%, less than ARDC's 8.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 6.11% | 0.00% | 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. | 8.50% | 9.90% | 10.36% | 7.20% | 8.44% | 8.44% | 9.39% | 7.60% | 8.47% | 10.51% | 8.87% | 7.81% |
Drawdowns
IQQQ vs. ARDC - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -13.07%, smaller than the maximum ARDC drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for IQQQ and ARDC. For additional features, visit the drawdowns tool.
Volatility
IQQQ vs. ARDC - Volatility Comparison
ProShares Nasdaq-100 High Income ETF (IQQQ) has a higher volatility of 5.42% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 2.67%. This indicates that IQQQ'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.