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 28.30% vs -1.07% 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 15.80% return, which is significantly higher than ARDC's 1.31% return.
IQQQ
- 1D
- 0.36%
- 1M
- 1.20%
- 6M
- 13.58%
- YTD
- 15.80%
- 1Y
- 28.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARDC
- 1D
- -0.31%
- 1M
- 2.66%
- 6M
- 0.26%
- YTD
- 1.31%
- 1Y
- -1.07%
- 3Y*
- 12.14%
- 5Y*
- 5.03%
- 10Y*
- 8.50%
IQQQ vs. ARDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 15.80% | 17.11% | 14.82% |
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 1.31% | -3.10% | 14.48% |
Correlation
The correlation between IQQQ and ARDC is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
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 | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.99 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | -0.07 | +2.61 |
| Martin ratioReturn relative to average drawdown | 8.42 | -0.15 | +8.57 |
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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 | -2.76% | -6.40% | +3.64% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -6.65% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 7.77% | -4.42% |
Volatility
IQQQ vs. ARDC - Volatility Comparison
ProShares Nasdaq-100 High Income ETF (IQQQ) has a higher volatility of 7.68% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 2.33%. 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 | 7.68% | 2.33% | +5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 7.35% | +6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.48% | 9.62% | +7.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 13.79% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 16.85% | +2.28% |
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 5.16%, less than ARDC's 10.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 10.56% | 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 | 5.16% | 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 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQQQ has higher volatility (7.68%) compared to ARDC (2.33%). In terms of maximum drawdown, IQQQ dropped -20.41% vs ARDC's -45.40%.
IQQQ currently has the higher Sharpe Ratio (1.62 vs -0.12), 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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