ARCC vs. MCK
ARCC (Ares Capital Corporation) and MCK (McKesson Corporation) are both stocks. ARCC operates in Asset Management (Financial Services), while MCK operates in Medical Distribution (Healthcare). Over the past 10 years, ARCC returned 12.83%/yr vs 16.13%/yr for MCK. At a 0.28 correlation, their price movements are largely independent.
Performance
ARCC vs. MCK - Performance Comparison
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Returns By Period
In the year-to-date period, ARCC achieves a -4.69% return, which is significantly higher than MCK's -6.36% return. Over the past 10 years, ARCC has underperformed MCK with an annualized return of 12.83%, while MCK has yielded a comparatively higher 16.13% 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%
MCK
- 1D
- -1.16%
- 1M
- 4.27%
- YTD
- -6.36%
- 6M
- -3.74%
- 1Y
- 7.98%
- 3Y*
- 25.42%
- 5Y*
- 32.82%
- 10Y*
- 16.13%
ARCC vs. MCK - 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% |
MCK McKesson Corporation | -6.36% | 44.54% | 23.67% | 24.13% | 51.82% | 44.23% | 27.06% | 26.72% | -28.40% | 11.95% |
Correlation
The correlation between ARCC and MCK is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2004 | 0.28 |
The correlation between ARCC and MCK shifts across timeframes, from -0.05 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ARCC:
$13.48B
MCK:
$94.07B
ARCC:
$1.63
MCK:
$38.38
ARCC:
11.51
MCK:
19.97
ARCC:
1.72
MCK:
0.27
ARCC:
5.03
MCK:
0.24
ARCC:
0.96
MCK:
13.60
ARCC:
$2.63B
MCK:
$403.43B
ARCC:
$1.86B
MCK:
$14.55B
ARCC:
$2.05B
MCK:
$6.91B
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Return for Risk
ARCC vs. MCK — Risk / Return Rank
ARCC
MCK
ARCC vs. MCK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Capital Corporation (ARCC) and McKesson Corporation (MCK). 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 | MCK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.08 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.29 | -0.66 |
| Martin ratioReturn relative to average drawdown | -0.67 | 0.79 | -1.47 |
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 | MCK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 0.28 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 1.36 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.56 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.44 | -0.07 |
Drawdowns
ARCC vs. MCK - Drawdown Comparison
The maximum ARCC drawdown since its inception was -79.36%, roughly equal to the maximum MCK drawdown of -82.84%. Use the drawdown chart below to compare losses from any high point for ARCC and MCK.
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Drawdown Indicators
| ARCC | MCK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.36% | -82.84% | +3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -19.35% | -27.17% | +7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -27.17% | +7.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.76% | -27.17% | +5.41% |
Max Drawdown (10Y)Largest decline over 10 years | -56.77% | -44.23% | -12.54% |
Current DrawdownCurrent decline from peak | -13.24% | -22.92% | +9.68% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -28.65% | +19.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.58% | 10.06% | +0.52% |
Volatility
ARCC vs. MCK - Volatility Comparison
The current volatility for Ares Capital Corporation (ARCC) is 3.82%, while McKesson Corporation (MCK) has a volatility of 6.94%. This indicates that ARCC experiences smaller price fluctuations and is considered to be less risky than MCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARCC | MCK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 6.94% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 22.76% | -8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.45% | 29.16% | -10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 24.20% | -4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 28.82% | -3.23% |
Dividends
ARCC vs. MCK - Dividend Comparison
ARCC's dividend yield for the trailing twelve months is around 10.23%, more than MCK's 0.43% 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% |
MCK McKesson Corporation | 0.43% | 0.37% | 0.47% | 0.50% | 0.54% | 0.72% | 0.95% | 1.16% | 1.32% | 0.80% | 0.80% | 0.53% |
Financials
ARCC vs. MCK - Financials Comparison
This section allows you to compare key financial metrics between Ares Capital Corporation and McKesson 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. MCK - 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%.
MCK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a gross profit of 4.04B and revenue of 96.30B. Therefore, the gross margin over that period was 4.2%.
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%.
MCK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported an operating income of 2.09B and revenue of 96.30B, resulting in an operating margin of 2.2%.
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%.
MCK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a net income of 1.68B and revenue of 96.30B, resulting in a net margin of 1.8%.
Frequently Asked Questions
ARCC and MCK have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCK has higher volatility (6.94%) compared to ARCC (3.82%). In terms of maximum drawdown, ARCC dropped -79.36% vs MCK's -82.84%.
MCK currently has the higher Sharpe Ratio (0.28 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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