IQQQ vs. ARDC
IQQQ (ProShares Nasdaq-100 High Income ETF) is Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index, while ARDC (Ares Dynamic Credit Allocation Fund, Inc.) is a stock. Over the past year, IQQQ returned 36.96% vs -1.03% for ARDC. At a 0.29 correlation, their price movements are largely independent.
Performance
IQQQ vs. ARDC - Performance Comparison
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Returns By Period
In the year-to-date period, IQQQ achieves a 17.74% return, which is significantly higher than ARDC's 0.34% return.
IQQQ
- 1D
- 2.57%
- 1M
- 3.68%
- YTD
- 17.74%
- 6M
- 17.33%
- 1Y
- 36.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARDC
- 1D
- 1.43%
- 1M
- 0.97%
- YTD
- 0.34%
- 6M
- 1.43%
- 1Y
- -1.03%
- 3Y*
- 12.52%
- 5Y*
- 5.11%
- 10Y*
- 8.52%
IQQQ vs. ARDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 17.74% | 17.11% | 14.82% |
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 0.34% | -3.10% | 14.48% |
Correlation
The correlation between IQQQ and ARDC 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 Mar 20, 2024 | 0.29 |
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Return for Risk
IQQQ vs. ARDC — Risk / Return Rank
IQQQ
ARDC
IQQQ vs. ARDC - Risk-Adjusted Trends 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.
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.
| IQQQ | ARDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.99 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | -0.07 | +3.40 |
| Martin ratioReturn relative to average drawdown | 11.49 | -0.14 | +11.63 |
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Drawdowns
IQQQ vs. ARDC - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -20.41%, 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.
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Drawdown Indicators
| IQQQ | ARDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.41% | -45.40% | +24.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -15.57% | +4.44% |
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 | -1.13% | -7.30% | +6.17% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -6.64% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 7.58% | -4.36% |
Volatility
IQQQ vs. ARDC - Volatility Comparison
ProShares Nasdaq-100 High Income ETF (IQQQ) has a higher volatility of 7.78% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 2.51%. 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.
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Volatility by Period
| IQQQ | ARDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 2.51% | +5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.43% | 7.24% | +6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.76% | 9.56% | +7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 13.79% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 16.87% | +2.13% |
IQQQ vs. ARDC - Expense Ratio Comparison
IQQQ has a 0.55% expense ratio, which is higher than ARDC's 0.00% expense ratio.
Dividends
IQQQ vs. ARDC - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 4.46%, less than ARDC's 10.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 9.69% | 10.19% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% |
IQQQ ProShares Nasdaq-100 High Income ETF | 4.46% | 10.34% | 7.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQQQ and ARDC 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.
IQQQ has higher volatility (7.78%) compared to ARDC (2.51%). In terms of maximum drawdown, IQQQ dropped -20.41% vs ARDC's -45.40%.
IQQQ currently has the higher Sharpe Ratio (2.22 vs -0.11), 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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