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ARCC vs. CMB1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ARCC vs. CMB1.L

Last updated Jun 16, 2026

ARCC (Ares Capital Corporation) is a stock, while CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) is Europe Equities fund tracking the FTSE Italia AllShare TR EUR. Over the past 10 years, ARCC returned 13.10%/yr vs 16.17%/yr for CMB1.L. At a 0.32 correlation, their price movements are largely independent.

Performance

ARCC vs. CMB1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ares Capital Corporation (ARCC) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ARCC is traded in USD, while CMB1.L is traded in GBp. To make them comparable, the CMB1.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ARCC achieves a -3.03% return, which is significantly lower than CMB1.L's 17.02% return. Over the past 10 years, ARCC has underperformed CMB1.L with an annualized return of 13.10%, while CMB1.L has yielded a comparatively higher 16.17% annualized return.

ARCC

1D
-0.85%
1M
1.04%
YTD
-3.03%
6M
-3.41%
1Y
-4.69%
3Y*
9.74%
5Y*
8.73%
10Y*
13.10%

CMB1.L

1D
1.03%
1M
6.84%
YTD
17.02%
6M
18.75%
1Y
37.91%
3Y*
31.24%
5Y*
19.47%
10Y*
16.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ARCC vs. CMB1.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ARCC
Ares Capital Corporation		-3.03%1.07%19.78%20.03%-3.84%36.14%0.86%31.30%8.81%4.50%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		17.02%54.68%11.37%37.57%-13.87%17.22%4.63%29.84%-18.67%34.14%

Correlation

The correlation between ARCC and CMB1.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

Correlation (10Y)
Calculated over the trailing 10-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2010

0.32

The correlation between ARCC and CMB1.L shifts across timeframes, from 0.21 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

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Ares Capital Corporation

iShares FTSE MIB UCITS ETF (Acc)

Often compared with ARCC:
ARCC vs. MAINARCC vs. OBDCARCC vs. BXSLARCC vs. HTGCARCC vs. SPYARCC vs. BIZDARCC vs. JEPI
Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. H50E.LCMB1.L vs. IITU.LCMB1.L vs. SPYCMB1.L vs. IQSA.LCMB1.L vs. X7PP.LCMB1.L vs. EQQQ.L

Return for Risk

ARCC vs. CMB1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ARCC
ARCC Risk / Return Rank: 3131
Overall Rank
ARCC Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
ARCC Sortino Ratio Rank: 2626
Sortino Ratio Rank
ARCC Omega Ratio Rank: 2626
Omega Ratio Rank
ARCC Calmar Ratio Rank: 3535
Calmar Ratio Rank
ARCC Martin Ratio Rank: 3535
Martin Ratio Rank
CMB1.L
CMB1.L Risk / Return Rank: 8181
Overall Rank
CMB1.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 8181
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
CMB1.L Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARCC vs. CMB1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ares Capital Corporation (ARCC) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L). 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.

ARCCCMB1.LDifference
Sharpe ratioReturn per unit of total volatility
-0.26
2.20

-2.45

Sortino ratioReturn per unit of downside risk
-0.23
2.99

-3.22

Omega ratioGain probability vs. loss probability

0.97

1.38

-0.41

Calmar ratioReturn relative to maximum drawdown

-0.24

3.35

-3.60

Martin ratioReturn relative to average drawdown

-0.44

11.77

-12.21

ARCC vs. CMB1.L - Sharpe Ratio Comparison

The current ARCC Sharpe Ratio is -0.26, which is lower than the CMB1.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of ARCC and CMB1.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ARCC vs. CMB1.L - Drawdown Comparison

The maximum ARCC drawdown since its inception was -79.36%, which is greater than CMB1.L's maximum drawdown of -57.87%. Use the drawdown chart below to compare losses from any high point for ARCC and CMB1.L.

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Drawdown Indicators

ARCCCMB1.LDifference

Max Drawdown

Largest peak-to-trough decline

-79.36%

-57.87%

-21.49%

Max Drawdown (1Y)

Largest decline over 1 year

-19.35%

-11.25%

-8.10%

Max Drawdown (3Y)

Largest decline over 3 years

-19.35%

-17.48%

-1.87%

Max Drawdown (5Y)

Largest decline over 5 years

-21.76%

-35.65%

+13.89%

Max Drawdown (10Y)

Largest decline over 10 years

-56.77%

-41.93%

-14.84%

Current Drawdown

Current decline from peak

-11.74%

0.00%

-11.74%

Average Drawdown

Average peak-to-trough decline

-9.10%

-19.36%

+10.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.70%

3.20%

+7.50%

Volatility

ARCC vs. CMB1.L - Volatility Comparison

The current volatility for Ares Capital Corporation (ARCC) is 3.76%, while iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) has a volatility of 4.73%. This indicates that ARCC experiences smaller price fluctuations and is considered to be less risky than CMB1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ARCCCMB1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

4.73%

-0.97%

Volatility (6M)

Calculated over the trailing 6-month period

14.83%

13.97%

+0.86%

Volatility (1Y)

Calculated over the trailing 1-year period

18.49%

17.22%

+1.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.95%

21.24%

-1.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.58%

22.73%

+2.85%

Dividends

ARCC vs. CMB1.L - Dividend Comparison

ARCC's dividend yield for the trailing twelve months is around 10.31%, while CMB1.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ARCC
Ares Capital Corporation		10.31%9.49%8.77%9.59%10.12%7.65%9.47%9.01%9.88%9.67%9.22%11.02%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ARCC and CMB1.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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