ARDC vs KMLM

Comparison between Ares Dynamic Credit Allocation Fund Inc (ARDC, ETF) and KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF (KMLM, ETF).

5-Year PerformanceARDC has outperformed KMLM, delivering a return of +4.9% compared to +4.1%

ARDC vs KMLM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ARDC(ETF)	KMLM(ETF)
Net Assets	$327M	$327M
Expense Ratio	N/A	0.90%
Max Drawdown	57.11%	36.50%
Sharpe Ratio	-0.59	0.76
5Y Beta	0.37	0.02
5Y Dividends CAGR	2.90%	N/A

Net Assets

Winner

ARDC

$327M

KMLM

$327M

Expense Ratio

ARDC

N/A

KMLM

0.90%

Max Drawdown

ARDC

57.11%

Winner

KMLM

36.50%

Sharpe Ratio

ARDC

-0.59

Winner

KMLM

0.76

5Y Beta

ARDC

0.37

Winner

KMLM

0.02

5Y Dividends CAGR

ARDC

2.90%

KMLM

N/A

ARDC vs KMLM - Historical Returns

Returns include dividend reinvestment.

Period	ARDC	KMLM
1 month	-1.00%	-6.83%
3 months	+5.60%	+0.21%
6 months	-0.46%	+9.64%
1 year	-2.65%	+12.07%
5 years(CAGR)	+4.86%	+4.06%
10 years(CAGR)	+8.28%	N/A
Max(CAGR)	+5.55%	+6.73%

Winner

ARDC

-1.00%

KMLM

-6.83%

Winner

ARDC

+5.60%

KMLM

+0.21%

ARDC

-0.46%

Winner

KMLM

+9.64%

ARDC

-2.65%

Winner

KMLM

+12.07%

5Y(CAGR)

Winner

ARDC

+4.86%

KMLM

+4.06%

10Y(CAGR)

ARDC

+8.28%

KMLM

N/A

Max(CAGR)

ARDC

+5.55%

Winner

KMLM

+6.73%

ARDC vs KMLM - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	ARDC	KMLM
2026	-1.08%	+7.70%
2025	-3.74%	-3.67%
2024	+19.73%	-1.15%
2023	+31.58%	-6.25%
2022	-21.58%	+29.44%
2021	+23.06%	+7.37%
2020	+2.84%	+5.40%
2019	+19.70%	N/A
2018	-8.99%	N/A
2017	+17.00%	N/A
2016	+23.95%	N/A
2015	-7.90%	N/A
2014	-5.03%	N/A
2013	-3.23%	N/A
2012	+0.05%	N/A

ARDC vs KMLM Drawdown Comparison

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

The maximum drawdown for KMLM was -27.61%, occurring on Jun 20, 2025. This drawdown has not yet recovered.

The current ARDC drawdown is -8.61%. The current KMLM drawdown is -15.73%.

Rank	ARDC	KMLM
#1	-45.40% Feb 21, 2020 - Jan 19, 2021	-27.61% Oct 14, 2022 - Jun 20, 2025
#2	-26.47% Jan 6, 2022 - Dec 19, 2023	-14.93% Jun 13, 2022 - Sep 26, 2022
#3	-24.69% May 13, 2013 - Dec 7, 2016	-9.11% May 12, 2021 - Feb 4, 2022
#4	-19.78% Feb 11, 2025 - Sep 5, 2025	-6.19% Mar 8, 2022 - Mar 24, 2022
#5	-16.92% May 21, 2018 - May 24, 2019	-6.02% Sep 27, 2022 - Oct 10, 2022
#6	-15.57% Sep 12, 2025 - Mar 30, 2026	-5.93% Feb 24, 2021 - Apr 26, 2021
#7	-6.37% Sep 22, 2021 - Dec 31, 2021	-4.58% Apr 18, 2022 - May 4, 2022
#8	-4.58% Dec 10, 2012 - Mar 28, 2013	-3.99% Mar 25, 2022 - Apr 8, 2022
#9	-4.08% May 15, 2024 - Jun 6, 2024	-3.60% May 6, 2022 - May 17, 2022
#10	-3.86% Aug 1, 2024 - Aug 16, 2024	-3.57% May 17, 2022 - Jun 6, 2022
#11	-3.72% Dec 2, 2024 - Feb 3, 2025	-3.46% Jan 5, 2021 - Jan 14, 2021
#12	-3.61% Jul 16, 2019 - Dec 17, 2019	-2.85% Feb 24, 2022 - Mar 2, 2022
#13	-3.50% Oct 24, 2017 - Nov 24, 2017	-2.05% Jan 14, 2021 - Feb 8, 2021
#14	-3.40% Jul 13, 2021 - Aug 10, 2021	-1.72% Feb 14, 2022 - Feb 23, 2022
#15	-3.22% Apr 1, 2024 - May 3, 2024	-1.50% Dec 23, 2020 - Dec 29, 2020

Correlation

Correlation between ARDC and KMLM is -0.11 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.11

-101

Dividend Comparison (2013 - 2026)

ARDC vs KMLM dividend yield comparison.

Year	ARDC	KMLM
2026	4.47%	0.00%
2025	10.19%	5.02%
2024	9.33%	0.82%
2023	9.85%	0.00%
2022	10.31%	13.22%
2021	7.16%	6.94%
2020	8.40%	0.00%
2019	8.40%	0.00%
2018	9.35%	0.00%
2017	7.58%	0.00%
2016	8.45%	0.00%
2015	10.51%	0.00%
2014	8.87%	0.00%
2013	7.81%	0.00%