ARCC vs. IGF
ARCC (Ares Capital Corporation) is a stock, while IGF (iShares Global Infrastructure ETF) is Industrials Equities fund tracking the S&P Global Infrastructure Index. Over the past 10 years, ARCC returned 13.20%/yr vs 8.67%/yr for IGF. At a 0.50 correlation, their price movements are largely independent.
Performance
ARCC vs. IGF - Performance Comparison
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Returns By Period
In the year-to-date period, ARCC achieves a -2.20% return, which is significantly lower than IGF's 9.68% return. Over the past 10 years, ARCC has outperformed IGF with an annualized return of 13.20%, while IGF has yielded a comparatively lower 8.67% annualized return.
ARCC
- 1D
- 1.00%
- 1M
- 1.90%
- YTD
- -2.20%
- 6M
- -2.87%
- 1Y
- -3.87%
- 3Y*
- 10.27%
- 5Y*
- 9.04%
- 10Y*
- 13.20%
IGF
- 1D
- 0.67%
- 1M
- 1.89%
- YTD
- 9.68%
- 6M
- 10.24%
- 1Y
- 17.04%
- 3Y*
- 16.28%
- 5Y*
- 10.22%
- 10Y*
- 8.67%
ARCC vs. IGF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | -2.20% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
IGF iShares Global Infrastructure ETF | 9.68% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
Correlation
The correlation between ARCC and IGF is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2007 | 0.50 |
Over the past year, the correlation between ARCC and IGF has dropped to 0.25 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
ARCC vs. IGF — Risk / Return Rank
ARCC
IGF
ARCC vs. IGF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Capital Corporation (ARCC) and iShares Global Infrastructure ETF (IGF). 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.
| ARCC | IGF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.78 | -3.04 |
| Martin ratioReturn relative to average drawdown | -0.47 | 8.03 | -8.51 |
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Drawdowns
ARCC vs. IGF - Drawdown Comparison
The maximum ARCC drawdown since its inception was -79.36%, which is greater than IGF's maximum drawdown of -58.33%. Use the drawdown chart below to compare losses from any high point for ARCC and IGF.
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Drawdown Indicators
| ARCC | IGF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.36% | -58.33% | -21.03% |
Max Drawdown (1Y)Largest decline over 1 year | -19.35% | -5.87% | -13.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -14.28% | -5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.76% | -20.83% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -56.77% | -42.11% | -14.66% |
Current DrawdownCurrent decline from peak | -10.98% | -2.98% | -8.00% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -11.86% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 2.04% | +8.64% |
Volatility
ARCC vs. IGF - Volatility Comparison
Ares Capital Corporation (ARCC) and iShares Global Infrastructure ETF (IGF) have volatilities of 3.72% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARCC | IGF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 3.85% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.83% | 8.73% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 10.58% | +7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 14.00% | +5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.58% | 16.83% | +8.75% |
Dividends
ARCC vs. IGF - Dividend Comparison
ARCC's dividend yield for the trailing twelve months is around 9.97%, more than IGF's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 7.48% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
IGF iShares Global Infrastructure ETF | 2.94% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
Frequently Asked Questions
ARCC and IGF have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGF has higher volatility (3.85%) compared to ARCC (3.72%). In terms of maximum drawdown, ARCC dropped -79.36% vs IGF's -58.33%.
IGF currently has the higher Sharpe Ratio (1.55 vs -0.27), 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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