ARES vs. ATH.TO
ARES (Ares Management Corporation) and ATH.TO (Athabasca Oil Corporation) are both stocks. ARES operates in Asset Management (Financial Services), while ATH.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, ARES returned 27.74%/yr vs 20.58%/yr for ATH.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
ARES vs. ATH.TO - Performance Comparison
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Different Trading Currencies
ARES is traded in USD, while ATH.TO is traded in CAD. To make them comparable, the ATH.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARES achieves a -31.41% return, which is significantly lower than ATH.TO's 39.89% return. Over the past 10 years, ARES has outperformed ATH.TO with an annualized return of 27.74%, while ATH.TO has yielded a comparatively lower 20.58% annualized return.
ARES
- 1D
- -1.40%
- 1M
- -14.89%
- YTD
- -31.41%
- 6M
- -34.42%
- 1Y
- -34.85%
- 3Y*
- 7.32%
- 5Y*
- 14.87%
- 10Y*
- 27.74%
ATH.TO
- 1D
- 0.17%
- 1M
- -9.28%
- YTD
- 39.89%
- 6M
- 40.02%
- 1Y
- 74.64%
- 3Y*
- 49.11%
- 5Y*
- 55.47%
- 10Y*
- 20.58%
ARES vs. ATH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | -31.41% | -5.72% | 52.68% | 79.52% | -12.75% | 77.75% | 37.37% | 110.13% | -5.54% | 10.72% |
ATH.TO Athabasca Oil Corporation | 39.89% | 38.20% | 17.84% | 77.25% | 90.45% | 600.35% | -70.49% | -37.84% | -14.65% | -44.01% |
Correlation
The correlation between ARES and ATH.TO 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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 2, 2014 | 0.14 |
The correlation between ARES and ATH.TO shifts across timeframes, from 0.05 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ARES:
$2.82
ATH.TO:
CA$0.45
ARES:
38.10
ATH.TO:
22.82
ARES:
1.52
ATH.TO:
0.87
ARES:
3.76
ATH.TO:
3.71
ARES:
$6.31B
ATH.TO:
CA$1.35B
ARES:
$4.46B
ATH.TO:
CA$518.18M
ARES:
$2.42B
ATH.TO:
CA$505.02M
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Return for Risk
ARES vs. ATH.TO — Risk / Return Rank
ARES
ATH.TO
ARES vs. ATH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Management Corporation (ARES) and Athabasca Oil Corporation (ATH.TO). 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.
| ARES | ATH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.32 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 3.24 | -3.96 |
| Martin ratioReturn relative to average drawdown | -1.35 | 10.81 | -12.15 |
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Drawdowns
ARES vs. ATH.TO - Drawdown Comparison
The maximum ARES drawdown since its inception was -49.73%, smaller than the maximum ATH.TO drawdown of -99.59%. Use the drawdown chart below to compare losses from any high point for ARES and ATH.TO.
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Drawdown Indicators
| ARES | ATH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.73% | -99.59% | +49.86% |
Max Drawdown (1Y)Largest decline over 1 year | -49.05% | -23.14% | -25.91% |
Max Drawdown (3Y)Largest decline over 3 years | -49.73% | -29.96% | -19.77% |
Max Drawdown (5Y)Largest decline over 5 years | -49.73% | -47.55% | -2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -49.73% | -94.92% | +45.19% |
Current DrawdownCurrent decline from peak | -42.25% | -62.47% | +20.22% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -76.83% | +65.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.91% | 6.93% | +18.98% |
Volatility
ARES vs. ATH.TO - Volatility Comparison
Ares Management Corporation (ARES) has a higher volatility of 13.98% compared to Athabasca Oil Corporation (ATH.TO) at 13.05%. This indicates that ARES's price experiences larger fluctuations and is considered to be riskier than ATH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARES | ATH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.98% | 13.05% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 36.10% | 31.88% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.24% | 37.71% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.59% | 49.97% | -12.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.53% | 61.94% | -25.41% |
Dividends
ARES vs. ATH.TO - Dividend Comparison
ARES's dividend yield for the trailing twelve months is around 6.16%, while ATH.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 6.16% | 3.29% | 2.10% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 5.65% | 4.32% | 6.81% |
ATH.TO Athabasca Oil Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ARES vs. ATH.TO - Financials Comparison
This section allows you to compare key financial metrics between Ares Management Corporation and Athabasca Oil 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
ARES vs. ATH.TO - Profitability Comparison
ARES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ares Management Corporation reported a gross profit of 1.47B and revenue of 1.53B. Therefore, the gross margin over that period was 96.1%.
ATH.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Athabasca Oil Corporation reported a gross profit of 134.91M and revenue of 377.38M. Therefore, the gross margin over that period was 35.8%.
ARES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ares Management Corporation reported an operating income of 364.95M and revenue of 1.53B, resulting in an operating margin of 23.8%.
ATH.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Athabasca Oil Corporation reported an operating income of 90.74M and revenue of 377.38M, resulting in an operating margin of 24.0%.
ARES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ares Management Corporation reported a net income of 142.59M and revenue of 1.53B, resulting in a net margin of 9.3%.
ATH.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Athabasca Oil Corporation reported a net income of 46.29M and revenue of 377.38M, resulting in a net margin of 12.3%.
Frequently Asked Questions
ARES and ATH.TO 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.
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