ARCC vs. SPY
Compare and contrast key facts about Ares Capital Corporation (ARCC) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARCC or SPY.
Performance
ARCC vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, ARCC achieves a 17.87% return, which is significantly lower than SPY's 26.47% return. Both investments have delivered pretty close results over the past 10 years, with ARCC having a 13.31% annualized return and SPY not far behind at 13.14%.
ARCC
17.87%
1.62%
8.03%
21.59%
13.72%
13.31%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| ARCC | SPY | |
|---|---|---|
| Sharpe Ratio | 1.92 | 2.69 |
| Sortino Ratio | 2.69 | 3.59 |
| Omega Ratio | 1.35 | 1.50 |
| Calmar Ratio | 3.15 | 3.88 |
| Martin Ratio | 13.34 | 17.47 |
| Ulcer Index | 1.64% | 1.87% |
| Daily Std Dev | 11.42% | 12.14% |
| Max Drawdown | -79.36% | -55.19% |
| Current Drawdown | 0.00% | -0.54% |
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Correlation
The correlation between ARCC and SPY is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ARCC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Capital Corporation (ARCC) and SPDR S&P 500 ETF (SPY). 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.
Dividends
ARCC vs. SPY - Dividend Comparison
ARCC's dividend yield for the trailing twelve months is around 8.72%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 8.72% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% | 10.06% | 8.84% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ARCC vs. SPY - Drawdown Comparison
The maximum ARCC drawdown since its inception was -79.36%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARCC and SPY. For additional features, visit the drawdowns tool.
Volatility
ARCC vs. SPY - Volatility Comparison
The current volatility for Ares Capital Corporation (ARCC) is 3.34%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that ARCC experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.