SURI vs. ARDC
SURI (Simplify Propel Opportunities ETF) is Health & Biotech Equities fund actively managed by Simplify, while ARDC (Ares Dynamic Credit Allocation Fund, Inc.) is a stock. Over the past 3 years, SURI returned 6.84%/yr vs 11.86%/yr for ARDC. At a 0.23 correlation, their price movements are largely independent.
Performance
SURI vs. ARDC - Performance Comparison
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Returns By Period
In the year-to-date period, SURI achieves a 8.27% return, which is significantly higher than ARDC's -0.83% return.
SURI
- 1D
- 1.33%
- 1M
- -2.24%
- YTD
- 8.27%
- 6M
- 9.05%
- 1Y
- 27.88%
- 3Y*
- 6.84%
- 5Y*
- —
- 10Y*
- —
ARDC
- 1D
- -0.56%
- 1M
- -0.07%
- YTD
- -0.83%
- 6M
- -0.53%
- 1Y
- -2.00%
- 3Y*
- 11.86%
- 5Y*
- 4.57%
- 10Y*
- 8.40%
SURI vs. ARDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SURI Simplify Propel Opportunities ETF | 8.27% | 28.32% | -13.34% | -2.87% |
ARDC Ares Dynamic Credit Allocation Fund, Inc. | -0.83% | -3.10% | 21.05% | 18.42% |
Correlation
The correlation between SURI and ARDC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023 | 0.23 |
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Return for Risk
SURI vs. ARDC — Risk / Return Rank
SURI
ARDC
SURI vs. ARDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) 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.
| SURI | ARDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.97 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | -0.13 | +2.51 |
| Martin ratioReturn relative to average drawdown | 6.30 | -0.26 | +6.56 |
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Drawdowns
SURI vs. ARDC - Drawdown Comparison
The maximum SURI drawdown since its inception was -47.76%, which is greater than ARDC's maximum drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for SURI and ARDC.
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Drawdown Indicators
| SURI | ARDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.76% | -45.40% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.78% | -15.57% | +3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -47.76% | -19.78% | -27.98% |
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 | -15.77% | -8.38% | -7.39% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -6.65% | -10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 7.62% | -3.18% |
Volatility
SURI vs. ARDC - Volatility Comparison
Simplify Propel Opportunities ETF (SURI) has a higher volatility of 5.90% compared to Ares Dynamic Credit Allocation Fund, Inc. (ARDC) at 2.50%. This indicates that SURI'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
| SURI | ARDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 2.50% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 7.28% | +6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.48% | 9.58% | +12.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.16% | 13.80% | +14.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.16% | 16.87% | +11.29% |
SURI vs. ARDC - Expense Ratio Comparison
SURI has a 2.51% expense ratio, which is higher than ARDC's 0.00% expense ratio.
Dividends
SURI vs. ARDC - Dividend Comparison
SURI's dividend yield for the trailing twelve months is around 15.72%, more than ARDC's 10.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDC Ares Dynamic Credit Allocation Fund, Inc. | 10.79% | 10.19% | 9.33% | 9.85% | 10.31% | 7.16% | 8.40% | 8.40% | 9.35% | 7.58% | 8.45% | 10.51% |
SURI Simplify Propel Opportunities ETF | 15.72% | 16.31% | 21.41% | 14.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SURI and ARDC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SURI has higher volatility (5.90%) compared to ARDC (2.50%). In terms of maximum drawdown, SURI dropped -47.76% vs ARDC's -45.40%.
SURI currently has the higher Sharpe Ratio (1.25 vs -0.21), 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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