ADX vs. ARCC
ADX (Adams Diversified Equity Fund, Inc.) is Large Cap Blend Equities fund actively managed by Adams Funds, while ARCC (Ares Capital Corporation) is a stock. Over the past 10 years, ADX returned 18.30%/yr vs 12.33%/yr for ARCC. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
ADX vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, ADX achieves a 16.11% return, which is significantly higher than ARCC's -2.30% return. Over the past 10 years, ADX has outperformed ARCC with an annualized return of 18.30%, while ARCC has yielded a comparatively lower 12.33% annualized return.
ADX
- 1D
- 1.27%
- 1M
- 1.69%
- 6M
- 14.25%
- YTD
- 16.11%
- 1Y
- 30.61%
- 3Y*
- 26.36%
- 5Y*
- 17.06%
- 10Y*
- 18.30%
- ALL TIME*
- 8.64%
ARCC
- 1D
- -0.37%
- 1M
- 0.16%
- 6M
- -0.63%
- YTD
- -2.30%
- 1Y
- -7.66%
- 3Y*
- 8.39%
- 5Y*
- 8.57%
- 10Y*
- 12.33%
- ALL TIME*
- 11.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.83M | $7.82M | $6.92M | |
| $81.64M | $84.10M | $93.93M |
ADX vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADX Adams Diversified Equity Fund, Inc. | 16.11% | 26.03% | 28.31% | 31.49% | -19.82% | 29.69% | 17.28% | 36.75% | -3.58% | 29.61% |
ARCC Ares Capital Corporation | -2.30% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
Correlation
The correlation between ADX and ARCC is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2004 | 0.52 |
Over the past year, the correlation between ADX and ARCC has dropped to 0.32 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
ADX vs. ARCC — Risk / Return Rank
ADX
ARCC
ADX vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adams Diversified Equity Fund, Inc. (ADX) and Ares Capital Corporation (ARCC). 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.
| ADX | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.94 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | -0.50 | +3.26 |
| Martin ratioReturn relative to average drawdown | 13.65 | -0.91 | +14.56 |
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Drawdowns
ADX vs. ARCC - Drawdown Comparison
The maximum ADX drawdown since its inception was -71.60%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for ADX and ARCC.
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Drawdown Indicators
| ADX | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.60% | -79.36% | +7.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -17.35% | +7.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.29% | -19.35% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -21.76% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -37.17% | -56.77% | +19.60% |
Current DrawdownCurrent decline from peak | -1.32% | -11.07% | +9.75% |
Average DrawdownAverage peak-to-trough decline | -22.06% | -9.12% | -12.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 9.51% | -7.46% |
Volatility
ADX vs. ARCC - Volatility Comparison
Adams Diversified Equity Fund, Inc. (ADX) has a higher volatility of 4.93% compared to Ares Capital Corporation (ARCC) at 4.33%. This indicates that ADX's price experiences larger fluctuations and is considered to be riskier than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADX | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 4.33% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 14.79% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 18.86% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 19.97% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 25.58% | -7.51% |
Dividends
ADX vs. ARCC - Dividend Comparison
ADX's dividend yield for the trailing twelve months is around 7.48%, less than ARCC's 10.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADX Adams Diversified Equity Fund, Inc. | 7.48% | 7.93% | 12.38% | 7.34% | 7.36% | 15.35% | 6.54% | 9.00% | 15.85% | 9.18% | 7.79% | 7.17% |
ARCC Ares Capital Corporation | 10.23% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
Frequently Asked Questions
ADX and ARCC have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADX has higher volatility (4.93%) compared to ARCC (4.33%). In terms of maximum drawdown, ADX dropped -71.60% vs ARCC's -79.36%.
ADX currently has the higher Sharpe Ratio (1.89 vs -0.46), 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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