ARCC vs. GD
ARCC (Ares Capital Corporation) and GD (General Dynamics Corporation) are both stocks. Over the past 10 years, ARCC returned 12.83%/yr vs 11.59%/yr for GD. At a 0.37 correlation, their price movements are largely independent.
Performance
ARCC vs. GD - Performance Comparison
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Returns By Period
In the year-to-date period, ARCC achieves a -4.69% return, which is significantly lower than GD's 2.13% return. Over the past 10 years, ARCC has outperformed GD with an annualized return of 12.83%, while GD has yielded a comparatively lower 11.59% annualized return.
ARCC
- 1D
- -0.11%
- 1M
- -1.26%
- YTD
- -4.69%
- 6M
- -6.11%
- 1Y
- -7.10%
- 3Y*
- 9.21%
- 5Y*
- 8.47%
- 10Y*
- 12.83%
GD
- 1D
- -1.61%
- 1M
- -1.64%
- YTD
- 2.13%
- 6M
- 2.33%
- 1Y
- 25.55%
- 3Y*
- 19.52%
- 5Y*
- 14.60%
- 10Y*
- 11.59%
ARCC vs. GD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | -4.69% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
GD General Dynamics Corporation | 2.13% | 30.39% | 3.52% | 7.13% | 21.69% | 43.77% | -13.14% | 14.80% | -21.34% | 19.85% |
Correlation
The correlation between ARCC and GD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2004 | 0.37 |
The correlation between ARCC and GD shifts across timeframes, from 0.20 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ARCC:
$13.48B
GD:
$93.43B
ARCC:
$1.63
GD:
$15.92
ARCC:
11.51
GD:
21.41
ARCC:
1.72
GD:
2.71
ARCC:
5.03
GD:
1.73
ARCC:
0.96
GD:
3.58
ARCC:
$2.63B
GD:
$53.81B
ARCC:
$1.86B
GD:
$7.48B
ARCC:
$2.05B
GD:
$6.26B
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Return for Risk
ARCC vs. GD — Risk / Return Rank
ARCC
GD
ARCC vs. GD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Capital Corporation (ARCC) and General Dynamics Corporation (GD). 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.
| ARCC | GD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.24 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 1.77 | -2.13 |
| Martin ratioReturn relative to average drawdown | -0.67 | 6.11 | -6.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARCC | GD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 1.22 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.72 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.51 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.57 | -0.19 |
Drawdowns
ARCC vs. GD - Drawdown Comparison
The maximum ARCC drawdown since its inception was -79.36%, roughly equal to the maximum GD drawdown of -75.67%. Use the drawdown chart below to compare losses from any high point for ARCC and GD.
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Drawdown Indicators
| ARCC | GD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.36% | -75.67% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -19.35% | -14.53% | -4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -22.55% | +3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.76% | -22.55% | +0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -56.77% | -51.63% | -5.14% |
Current DrawdownCurrent decline from peak | -13.24% | -6.79% | -6.45% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -15.61% | +6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.58% | 4.19% | +6.39% |
Volatility
ARCC vs. GD - Volatility Comparison
The current volatility for Ares Capital Corporation (ARCC) is 3.82%, while General Dynamics Corporation (GD) has a volatility of 5.72%. This indicates that ARCC experiences smaller price fluctuations and is considered to be less risky than GD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARCC | GD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 5.72% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 17.14% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.45% | 21.02% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 20.40% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 22.71% | +2.88% |
Dividends
ARCC vs. GD - Dividend Comparison
ARCC's dividend yield for the trailing twelve months is around 10.23%, more than GD's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GD General Dynamics Corporation | 1.79% | 1.76% | 2.12% | 2.01% | 2.00% | 2.24% | 2.90% | 2.26% | 2.31% | 1.61% | 1.72% | 1.96% |
Financials
ARCC vs. GD - Financials Comparison
This section allows you to compare key financial metrics between Ares Capital Corporation and General Dynamics Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ARCC vs. GD - Profitability Comparison
ARCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ares Capital Corporation reported a gross profit of 550.00M and revenue of 763.00M. Therefore, the gross margin over that period was 72.1%.
GD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, General Dynamics Corporation reported a gross profit of 1.42B and revenue of 13.48B. Therefore, the gross margin over that period was 10.5%.
ARCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ares Capital Corporation reported an operating income of 404.00M and revenue of 763.00M, resulting in an operating margin of 53.0%.
GD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, General Dynamics Corporation reported an operating income of 1.42B and revenue of 13.48B, resulting in an operating margin of 10.5%.
ARCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ares Capital Corporation reported a net income of 92.00M and revenue of 763.00M, resulting in a net margin of 12.1%.
GD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, General Dynamics Corporation reported a net income of 1.13B and revenue of 13.48B, resulting in a net margin of 8.4%.
Frequently Asked Questions
ARCC and GD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GD has higher volatility (5.72%) compared to ARCC (3.82%). In terms of maximum drawdown, ARCC dropped -79.36% vs GD's -75.67%.
GD currently has the higher Sharpe Ratio (1.22 vs -0.39), 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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