ARDC vs BWZ

Comparison between Ares Dynamic Credit Allocation Fund Inc (ARDC, ETF) and SPDR(R) BLOOMBERG SHORT TERM INTERNATIONAL TREASURY BOND ETF (BWZ, ETF).

5-Year PerformanceARDC has outperformed BWZ, delivering a return of +4.8% compared to -2.1%

ARDC vs BWZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ARDC(ETF)	BWZ(ETF)
Net Assets	$325M	$324M
Expense Ratio	N/A	0.35%
Max Drawdown	57.11%	38.33%
Sharpe Ratio	-0.51	-0.61
5Y Beta	0.37	-0.00
5Y Dividends CAGR	2.90%	110.68%

Net Assets

Winner

ARDC

$325M

BWZ

$324M

Expense Ratio

ARDC

N/A

BWZ

0.35%

Max Drawdown

ARDC

57.11%

Winner

BWZ

38.33%

Sharpe Ratio

Winner

ARDC

-0.51

BWZ

-0.61

5Y Beta

ARDC

0.37

Winner

BWZ

-0.00

5Y Dividends CAGR

ARDC

2.90%

Winner

BWZ

110.68%

ARDC vs BWZ - Historical Returns

Returns include dividend reinvestment.

Period	ARDC	BWZ
1 month	-0.55%	-1.29%
3 months	+3.58%	-1.09%
6 months	-1.98%	-0.33%
1 year	-2.11%	-0.94%
5 years(CAGR)	+4.80%	-2.12%
10 years(CAGR)	+8.20%	-0.54%
Max(CAGR)	+5.50%	-0.23%

Winner

ARDC

-0.55%

BWZ

-1.29%

Winner

ARDC

+3.58%

BWZ

-1.09%

ARDC

-1.98%

Winner

BWZ

-0.33%

ARDC

-2.11%

Winner

BWZ

-0.94%

5Y(CAGR)

Winner

ARDC

+4.80%

BWZ

-2.12%

10Y(CAGR)

Winner

ARDC

+8.20%

BWZ

-0.54%

Max(CAGR)

Winner

ARDC

+5.50%

BWZ

-0.23%

ARDC vs BWZ - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	ARDC	BWZ
2026	-1.78%	-0.73%
2025	-3.74%	+10.88%
2024	+19.73%	-4.53%
2023	+31.58%	+3.85%
2022	-21.58%	-10.17%
2021	+23.06%	-6.90%
2020	+2.84%	+6.74%
2019	+19.70%	+1.29%
2018	-8.99%	-3.82%
2017	+17.00%	+10.82%
2016	+23.95%	-1.22%
2015	-7.90%	-6.54%
2014	-5.03%	-9.36%
2013	-3.23%	-2.29%
2012	+0.05%	+2.23%
2011	N/A	-0.77%
2010	N/A	+0.98%
2009	N/A	+12.97%

ARDC vs BWZ Drawdown Comparison

The maximum drawdown for ARDC was -45.40%, occurring on Mar 18, 2020. Recovery took 229 trading sessions.

The maximum drawdown for BWZ was -34.22%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The current ARDC drawdown is -9.26%. The current BWZ drawdown is -22.82%.

Rank	ARDC	BWZ
#1	-45.40% Feb 21, 2020 - Jan 19, 2021	-34.22% Aug 29, 2011 - Sep 27, 2022
#2	-26.47% Jan 6, 2022 - Dec 19, 2023	-13.70% Dec 1, 2009 - Nov 4, 2010
#3	-24.69% May 13, 2013 - Dec 7, 2016	-6.59% Nov 4, 2010 - Jan 26, 2011
#4	-19.78% Feb 11, 2025 - Sep 5, 2025	-5.56% Feb 9, 2009 - Mar 18, 2009
#5	-16.92% May 21, 2018 - May 24, 2019	-5.06% Jan 26, 2011 - Apr 26, 2011
#6	-15.57% Sep 12, 2025 - Mar 30, 2026	-3.58% May 2, 2011 - Jul 29, 2011
#7	-6.37% Sep 22, 2021 - Dec 31, 2021	-3.43% Jun 2, 2009 - Jul 20, 2009
#8	-4.58% Dec 10, 2012 - Mar 28, 2013	-2.51% Mar 19, 2009 - May 4, 2009
#9	-4.08% May 15, 2024 - Jun 6, 2024	-2.22% Oct 14, 2009 - Nov 11, 2009
#10	-3.86% Aug 1, 2024 - Aug 16, 2024	-2.20% Jul 29, 2011 - Aug 29, 2011
#11	-3.72% Dec 2, 2024 - Feb 3, 2025	-2.14% Sep 18, 2009 - Oct 14, 2009
#12	-3.61% Jul 16, 2019 - Dec 17, 2019	-1.88% Aug 4, 2009 - Aug 25, 2009
#13	-3.50% Oct 24, 2017 - Nov 24, 2017	-1.52% Feb 3, 2009 - Feb 9, 2009
#14	-3.40% Jul 13, 2021 - Aug 10, 2021	-1.10% May 22, 2009 - Jun 1, 2009
#15	-3.22% Apr 1, 2024 - May 3, 2024	-1.05% Nov 11, 2009 - Nov 25, 2009

Correlation

Correlation between ARDC and BWZ is -0.52 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.52

-101

Dividend Comparison (2009 - 2026)

ARDC vs BWZ dividend yield comparison.

Year	ARDC	BWZ
2026	4.50%	0.87%
2025	10.19%	2.05%
2024	9.33%	2.47%
2023	9.85%	1.63%
2022	10.31%	0.44%
2021	7.16%	0.60%
2020	8.40%	0.13%
2019	8.40%	0.43%
2018	9.35%	1.10%
2017	7.58%	0.40%
2016	8.45%	0.13%
2015	10.51%	0.06%
2014	8.87%	0.19%
2013	7.81%	0.09%
2012	0.00%	0.01%
2011	0.00%	3.53%
2010	0.00%	0.19%
2009	0.00%	1.61%