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.
Correlation
The correlation between IQQQ and ARDC is 0.19, 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
IQQQ vs. ARDC - Performance Comparison
Key characteristics
IQQQ:
0.37
ARDC:
0.74
IQQQ:
0.59
ARDC:
1.09
IQQQ:
1.08
ARDC:
1.14
IQQQ:
0.52
ARDC:
0.92
IQQQ:
1.40
ARDC:
2.77
IQQQ:
4.89%
ARDC:
2.95%
IQQQ:
18.47%
ARDC:
11.06%
IQQQ:
-13.07%
ARDC:
-45.40%
IQQQ:
-9.94%
ARDC:
-8.66%
Returns By Period
In the year-to-date period, IQQQ achieves a -5.45% return, which is significantly lower than ARDC's -4.84% return.
IQQQ
-5.45%
-3.15%
-0.21%
7.66%
N/A
N/A
ARDC
-4.84%
-0.75%
-4.12%
8.42%
17.98%
7.92%
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Risk-Adjusted Performance
IQQQ vs. ARDC — Risk-Adjusted Performance Rank
IQQQ
ARDC
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.
Dividends
IQQQ vs. ARDC - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 12.22%, more than ARDC's 9.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 12.22% | 7.27% | 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. | 9.97% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% | 8.87% |
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 7.64% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 3.34%. 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.