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IQQQ vs. ARDC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IQQQ and ARDC is 0.08, 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.


-0.50.00.51.00.1

Performance

IQQQ vs. ARDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 High Income ETF (IQQQ) and Ares Dynamic Credit Allocation Fund, Inc. (ARDC). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
14.82%
12.99%
IQQQ
ARDC

Key characteristics

Daily Std Dev

IQQQ:

17.21%

ARDC:

10.81%

Max Drawdown

IQQQ:

-13.07%

ARDC:

-45.40%

Current Drawdown

IQQQ:

-3.65%

ARDC:

-4.11%

Returns By Period


IQQQ

YTD

N/A

1M

2.76%

6M

7.48%

1Y

N/A

5Y*

N/A

10Y*

N/A

ARDC

YTD

18.79%

1M

-1.40%

6M

5.88%

1Y

22.17%

5Y*

9.64%

10Y*

8.68%

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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.


Sharpe ratio
No data
IQQQ
ARDC


Chart placeholderNot enough data

Dividends

IQQQ vs. ARDC - Dividend Comparison

IQQQ's dividend yield for the trailing twelve months is around 6.78%, less than ARDC's 8.69% yield.


TTM20232022202120202019201820172016201520142013
IQQQ
ProShares Nasdaq-100 High Income ETF
6.78%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.
8.69%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.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.65%
-4.11%
IQQQ
ARDC

Volatility

IQQQ vs. ARDC - Volatility Comparison

ProShares Nasdaq-100 High Income ETF (IQQQ) has a higher volatility of 5.26% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 2.70%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
5.26%
2.70%
IQQQ
ARDC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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