Ares Dynamic Credit Allocation Fund (ARDC) vs Invesco Municipal Income Opportunities (OIA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Invesco Municipal Income Opportunities (OIA) has outperformed Ares Dynamic Credit Allocation Fund (ARDC) over the past year, losing 5.4% versus a loss of 17.3%. Over five years, OIA leads with a -27.7% price change compared with -31.1% for ARDC. Invesco Municipal Income Opportunities is the larger company by market cap ($274.6 million vs $272.7 million), about 1.0 times the size.
On valuation, Invesco Municipal Income Opportunities trades at a lower trailing P/E (30.2x vs 54.2x for Ares Dynamic Credit Allocation Fund). Invesco Municipal Income Opportunities pays a dividend yielding 6.09%, while Ares Dynamic Credit Allocation Fund does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ARDC | OIA |
|---|---|---|
| Share price | $11.38 | $5.73 |
| Market cap | $272.73M | $274.65M |
| 1-day change | +0.18% | +0.53% |
| YTD return | -14.44% | -4.66% |
| 1-year return | -17.30% | -5.45% |
| 5-year return | -31.11% | -27.74% |
| P/E ratio (TTM) | 54.19 | 30.16 |
| EPS (TTM) | $0.21 | $0.19 |
| Dividend yield | 11.86% | 6.09% |
| Annual dividend | $0.00 | $0.349 |
| 52-week high | $13.99 | $6.40 |
| 52-week low | $11.25 | $5.09 |
| Distance from 52-week high | -18.66% | -10.47% |
| Average volume | 111.52K | 162.52K |
| Shares outstanding | 23.97M | 47.93M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- OIA has outperformed ARDC by 11.9 percentage points over the past year.
- Ares Dynamic Credit Allocation Fund trades at a higher earnings multiple (54.2x vs 30.2x trailing P/E).
- Ares Dynamic Credit Allocation Fund offers a meaningfully higher dividend yield (11.86% vs 6.09%).
About Ares Dynamic Credit Allocation Fund
ARDC stock →Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income fund launched by Ares Management LLC.
Financial Services · Asset Management
About Invesco Municipal Income Opportunities
OIA stock →Invesco Municipal Income Opportunities Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd.
Financial Services · Asset Management
ARDC vs OIA FAQ
Which is bigger, Ares Dynamic Credit Allocation Fund or Invesco Municipal Income Opportunities?
Invesco Municipal Income Opportunities (OIA) is larger, with a market capitalization of $274.65M compared with $272.73M for Ares Dynamic Credit Allocation Fund (ARDC).
Which stock has performed better over the past year, ARDC or OIA?
OIA returned -5.45% over the past 12 months, compared with -17.30% for ARDC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ARDC or OIA?
OIA has the lower trailing P/E at 30.2, versus 54.2 for ARDC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Ares Dynamic Credit Allocation Fund or Invesco Municipal Income Opportunities?
Ares Dynamic Credit Allocation Fund has the higher yield at 11.86%, compared with 6.09% for Invesco Municipal Income Opportunities.
Are Ares Dynamic Credit Allocation Fund and Invesco Municipal Income Opportunities in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.