PGZ vs. ARDC
PGZ (Principal Real Estate Income Fund) and ARDC (Ares Dynamic Credit Allocation Fund, Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, PGZ returned 4.48%/yr vs 7.88%/yr for ARDC. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
PGZ vs. ARDC - Performance Comparison
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Returns By Period
In the year-to-date period, PGZ achieves a 9.73% return, which is significantly higher than ARDC's -0.97% return. Over the past 10 years, PGZ has underperformed ARDC with an annualized return of 4.48%, while ARDC has yielded a comparatively higher 7.88% annualized return.
PGZ
- 1D
- 0.59%
- 1M
- 0.08%
- 6M
- 7.86%
- YTD
- 9.73%
- 1Y
- 11.77%
- 3Y*
- 15.02%
- 5Y*
- 3.28%
- 10Y*
- 4.48%
- ALL TIME*
- 4.67%
ARDC
- 1D
- 0.32%
- 1M
- -2.17%
- 6M
- -2.88%
- YTD
- -0.97%
- 1Y
- -4.12%
- 3Y*
- 9.45%
- 5Y*
- 4.88%
- 10Y*
- 7.88%
- ALL TIME*
- 5.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.13M | $1.55M | $1.50M | |
| $196.91K | $199.33K | $211.80K |
PGZ vs. ARDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGZ Principal Real Estate Income Fund | 9.73% | 14.50% | 17.99% | 4.05% | -27.98% | 38.70% | -36.50% | 36.77% | 3.92% | 18.23% |
ARDC Ares Dynamic Credit Allocation Fund, Inc. | -0.97% | -3.10% | 21.05% | 32.35% | -22.21% | 23.12% | 2.56% | 21.26% | -8.80% | 17.63% |
Correlation
The correlation between PGZ and ARDC is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2013 | 0.28 |
The correlation between PGZ and ARDC shifts across timeframes, from 0.19 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PGZ:
$68.41M
ARDC:
$296.70M
PGZ:
$2.65
ARDC:
$2.52
PGZ:
3.85
ARDC:
4.92
PGZ:
0.14
ARDC:
0.05
PGZ:
4.26
ARDC:
3.38
PGZ:
0.91
ARDC:
0.86
PGZ:
$16.04M
ARDC:
$87.73M
PGZ:
$13.04M
ARDC:
$56.87M
PGZ:
$21.41M
ARDC:
$82.14M
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Return for Risk
PGZ vs. ARDC — Risk / Return Rank
PGZ
ARDC
PGZ vs. ARDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Income Fund (PGZ) 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.
| PGZ | ARDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.93 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.30 | +1.46 |
| Martin ratioReturn relative to average drawdown | 4.28 | -0.58 | +4.87 |
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Drawdowns
PGZ vs. ARDC - Drawdown Comparison
The maximum PGZ drawdown since its inception was -53.58%, which is greater than ARDC's maximum drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for PGZ and ARDC.
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Drawdown Indicators
| PGZ | ARDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.58% | -45.40% | -8.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -15.57% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -10.56% | -19.78% | +9.22% |
Max Drawdown (5Y)Largest decline over 5 years | -35.34% | -26.48% | -8.86% |
Max Drawdown (10Y)Largest decline over 10 years | -53.58% | -45.40% | -8.18% |
Current DrawdownCurrent decline from peak | -6.52% | -8.50% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -6.65% | -9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 8.01% | -5.36% |
Volatility
PGZ vs. ARDC - Volatility Comparison
Principal Real Estate Income Fund (PGZ) has a higher volatility of 3.35% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 2.49%. This indicates that PGZ'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
| PGZ | ARDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 2.49% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 7.50% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 9.61% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.70% | 13.78% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 16.86% | +4.94% |
Dividends
PGZ vs. ARDC - Dividend Comparison
PGZ's dividend yield for the trailing twelve months is around 12.33%, more than ARDC's 10.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 10.90% | 10.19% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% |
PGZ Principal Real Estate Income Fund | 12.33% | 12.59% | 12.75% | 13.33% | 11.86% | 6.32% | 10.34% | 6.25% | 7.98% | 9.51% | 10.90% | 10.40% |
Financials
PGZ vs. ARDC - Financials Comparison
This section allows you to compare key financial metrics between Principal Real Estate Income Fund and Ares Dynamic Credit Allocation Fund, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PGZ vs. ARDC - Profitability Comparison
PGZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Principal Real Estate Income Fund reported a gross profit of 4.51M and revenue of 5.22M. Therefore, the gross margin over that period was 86.3%.
ARDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Ares Dynamic Credit Allocation Fund, Inc. reported a gross profit of 21.10M and revenue of 24.48M. Therefore, the gross margin over that period was 86.2%.
PGZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Principal Real Estate Income Fund reported an operating income of 4.22M and revenue of 5.22M, resulting in an operating margin of 80.9%.
ARDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Ares Dynamic Credit Allocation Fund, Inc. reported an operating income of 15.45M and revenue of 24.48M, resulting in an operating margin of 63.1%.
PGZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Principal Real Estate Income Fund reported a net income of 3.45M and revenue of 5.22M, resulting in a net margin of 66.0%.
ARDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Ares Dynamic Credit Allocation Fund, Inc. reported a net income of 10.23M and revenue of 24.48M, resulting in a net margin of 41.8%.
Frequently Asked Questions
PGZ and ARDC have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGZ has higher volatility (3.35%) compared to ARDC (2.49%). In terms of maximum drawdown, PGZ dropped -53.58% vs ARDC's -45.40%.
PGZ currently has the higher Sharpe Ratio (1.04 vs -0.49), 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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