ARCC vs. UNH
ARCC (Ares Capital Corporation) and UNH (UnitedHealth Group Incorporated) are both stocks. ARCC operates in Asset Management (Financial Services), while UNH operates in Healthcare Plans (Healthcare). Over the past 10 years, ARCC returned 13.20%/yr vs 13.32%/yr for UNH. At a 0.28 correlation, their price movements are largely independent.
Performance
ARCC vs. UNH - 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 UNH's 24.71% return. Both investments have delivered pretty close results over the past 10 years, with ARCC having a 13.20% annualized return and UNH not far ahead at 13.32%.
ARCC
- 1D
- 1.00%
- 1M
- 2.56%
- YTD
- -2.20%
- 6M
- -2.87%
- 1Y
- -5.06%
- 3Y*
- 10.27%
- 5Y*
- 9.04%
- 10Y*
- 13.20%
UNH
- 1D
- 0.73%
- 1M
- 1.83%
- YTD
- 24.71%
- 6M
- 20.44%
- 1Y
- 31.88%
- 3Y*
- -4.10%
- 5Y*
- 2.27%
- 10Y*
- 13.32%
ARCC vs. UNH - 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% |
UNH UnitedHealth Group Incorporated | 24.71% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
Correlation
The correlation between ARCC and UNH is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2004 | 0.28 |
The correlation between ARCC and UNH shifts across timeframes, from 0.15 (3 years) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ARCC:
$13.83B
UNH:
$371.75B
ARCC:
$1.63
UNH:
$13.23
ARCC:
11.81
UNH:
30.88
ARCC:
5.16
UNH:
0.83
ARCC:
0.98
UNH:
3.58
ARCC:
$2.63B
UNH:
$449.71B
ARCC:
$1.86B
UNH:
$84.55B
ARCC:
$2.05B
UNH:
$22.99B
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Return for Risk
ARCC vs. UNH — Risk / Return Rank
ARCC
UNH
ARCC vs. UNH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Capital Corporation (ARCC) and UnitedHealth Group Incorporated (UNH). 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 | UNH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.19 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.11 | -1.37 |
| Martin ratioReturn relative to average drawdown | -0.47 | 2.43 | -2.90 |
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Drawdowns
ARCC vs. UNH - Drawdown Comparison
The maximum ARCC drawdown since its inception was -79.36%, which is greater than UNH's maximum drawdown of -74.37%. Use the drawdown chart below to compare losses from any high point for ARCC and UNH.
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Drawdown Indicators
| ARCC | UNH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.36% | -74.37% | -4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -19.35% | -28.96% | +9.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -61.39% | +42.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.76% | -61.39% | +39.63% |
Max Drawdown (10Y)Largest decline over 10 years | -56.77% | -61.39% | +4.62% |
Current DrawdownCurrent decline from peak | -10.98% | -32.27% | +21.29% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -14.77% | +5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 13.19% | -2.51% |
Volatility
ARCC vs. UNH - Volatility Comparison
The current volatility for Ares Capital Corporation (ARCC) is 3.72%, while UnitedHealth Group Incorporated (UNH) has a volatility of 7.60%. This indicates that ARCC experiences smaller price fluctuations and is considered to be less risky than UNH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARCC | UNH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 7.60% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 14.83% | 30.86% | -16.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 40.10% | -21.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 31.87% | -11.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.58% | 30.18% | -4.60% |
Dividends
ARCC vs. UNH - Dividend Comparison
ARCC's dividend yield for the trailing twelve months is around 9.97%, more than UNH's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 9.97% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
UNH UnitedHealth Group Incorporated | 2.16% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
Financials
ARCC vs. UNH - Financials Comparison
This section allows you to compare key financial metrics between Ares Capital Corporation and UnitedHealth Group Incorporated. 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. UNH - 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%.
UNH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported a gross profit of 25.41B and revenue of 111.72B. Therefore, the gross margin over that period was 22.7%.
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%.
UNH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported an operating income of 8.99B and revenue of 111.72B, resulting in an operating margin of 8.1%.
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%.
UNH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported a net income of 6.28B and revenue of 111.72B, resulting in a net margin of 5.6%.
Frequently Asked Questions
ARCC and UNH have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNH has higher volatility (7.60%) compared to ARCC (3.72%). In terms of maximum drawdown, ARCC dropped -79.36% vs UNH's -74.37%.
UNH currently has the higher Sharpe Ratio (0.80 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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