QQQI vs. ARDC
QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos, while ARDC (Ares Dynamic Credit Allocation Fund, Inc.) is a stock. Over the past year, QQQI returned 25.86% vs -2.63% for ARDC. At a 0.29 correlation, their price movements are largely independent.
Performance
QQQI vs. ARDC - Performance Comparison
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Returns By Period
In the year-to-date period, QQQI achieves a 10.58% return, which is significantly higher than ARDC's -1.07% return.
QQQI
- 1D
- 0.70%
- 1M
- 0.26%
- YTD
- 10.58%
- 6M
- 11.20%
- 1Y
- 25.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARDC
- 1D
- 0.24%
- 1M
- -1.38%
- YTD
- -1.07%
- 6M
- -0.45%
- 1Y
- -2.63%
- 3Y*
- 12.24%
- 5Y*
- 4.85%
- 10Y*
- 8.32%
QQQI vs. ARDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 10.58% | 18.62% | 19.44% |
ARDC Ares Dynamic Credit Allocation Fund, Inc. | -1.07% | -3.10% | 20.79% |
Correlation
The correlation between QQQI and ARDC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.29 |
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Return for Risk
QQQI vs. ARDC — Risk / Return Rank
QQQI
ARDC
QQQI vs. ARDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) 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.
| QQQI | ARDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.96 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | -0.17 | +2.87 |
| Martin ratioReturn relative to average drawdown | 11.63 | -0.35 | +11.98 |
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Drawdowns
QQQI vs. ARDC - Drawdown Comparison
The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum ARDC drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for QQQI and ARDC.
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Drawdown Indicators
| QQQI | ARDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.00% | -45.40% | +25.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -15.57% | +5.96% |
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 | -2.69% | -8.60% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -6.64% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 7.51% | -5.28% |
Volatility
QQQI vs. ARDC - Volatility Comparison
NEOS Nasdaq-100 High Income ETF (QQQI) has a higher volatility of 6.10% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 2.42%. This indicates that QQQI'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
| QQQI | ARDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 2.42% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.35% | 7.13% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.10% | 9.47% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 13.78% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 16.86% | +0.48% |
QQQI vs. ARDC - Expense Ratio Comparison
QQQI has a 0.68% expense ratio, which is higher than ARDC's 0.00% expense ratio.
Dividends
QQQI vs. ARDC - Dividend Comparison
QQQI's dividend yield for the trailing twelve months is around 13.53%, more than ARDC's 10.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 10.72% | 10.19% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.53% | 13.82% | 12.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQI and ARDC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQI has higher volatility (6.10%) compared to ARDC (2.42%). In terms of maximum drawdown, QQQI dropped -20.00% vs ARDC's -45.40%.
QQQI currently has the higher Sharpe Ratio (1.84 vs -0.28), 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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