John Cole Scott of Closed-End Fund Advisors — The Chairman of the Active Investment Company Alliance — compares two high-yielding offerings from Ares, breaking down Ares Dynamic Credit Allocation (ARDC) and CION Ares Diversified Credit I (CADUX) to show that while both could be viable and attractive options for investors diversifying a portfolio into the alternative credit space, there's much more to picking between them than big yields, reasonable expense ratios, discounts and recent results.