ARES vs. BX
ARES (Ares Management Corporation) and BX (Blackstone Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, ARES returned 30.44%/yr vs 22.92%/yr for BX. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
ARES vs. BX - Performance Comparison
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Returns By Period
In the year-to-date period, ARES achieves a -19.75% return, which is significantly lower than BX's -18.35% return. Over the past 10 years, ARES has outperformed BX with an annualized return of 30.44%, while BX has yielded a comparatively lower 22.92% annualized return.
ARES
- 1D
- -2.66%
- 1M
- 2.86%
- YTD
- -19.75%
- 6M
- -23.83%
- 1Y
- -20.36%
- 3Y*
- 15.51%
- 5Y*
- 20.25%
- 10Y*
- 30.44%
BX
- 1D
- -0.43%
- 1M
- 4.01%
- YTD
- -18.35%
- 6M
- -19.24%
- 1Y
- -7.23%
- 3Y*
- 15.47%
- 5Y*
- 7.98%
- 10Y*
- 22.92%
ARES vs. BX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | -19.75% | -5.72% | 52.68% | 79.52% | -12.75% | 77.75% | 37.37% | 110.13% | -5.54% | 10.72% |
BX Blackstone Inc. | -18.35% | -7.84% | 35.07% | 82.75% | -40.01% | 107.11% | 19.78% | 96.33% | 0.10% | 27.34% |
Correlation
The correlation between ARES and BX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 2, 2014 | 0.53 |
Over the past year, ARES and BX have become more correlated (0.76) than their long-term average of 0.53, meaning their price movements have been converging.
Fundamentals
ARES:
$2.83
BX:
$3.90
ARES:
44.47
BX:
31.57
ARES:
1.77
BX:
11.61
ARES:
4.39
BX:
6.43
ARES:
$6.31B
BX:
$14.99B
ARES:
$4.46B
BX:
$13.12B
ARES:
$2.42B
BX:
$7.37B
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Return for Risk
ARES vs. BX — Risk / Return Rank
ARES
BX
ARES vs. BX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Management Corporation (ARES) and Blackstone Inc. (BX). 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 | BX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.99 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.16 | -0.25 |
| Martin ratioReturn relative to average drawdown | -0.81 | -0.29 | -0.51 |
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Drawdowns
ARES vs. BX - Drawdown Comparison
The maximum ARES drawdown since its inception was -49.73%, smaller than the maximum BX drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for ARES and BX.
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Drawdown Indicators
| ARES | BX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.73% | -88.09% | +38.36% |
Max Drawdown (1Y)Largest decline over 1 year | -49.05% | -44.76% | -4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -49.73% | -46.50% | -3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -49.73% | -49.29% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -49.73% | -49.29% | -0.44% |
Current DrawdownCurrent decline from peak | -32.43% | -34.82% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -11.36% | -26.39% | +15.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.33% | 24.61% | +0.72% |
Volatility
ARES vs. BX - Volatility Comparison
Ares Management Corporation (ARES) and Blackstone Inc. (BX) have volatilities of 11.87% and 11.94%, 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
| ARES | BX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.87% | 11.94% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 35.45% | 28.65% | +6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.68% | 35.03% | +6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.47% | 39.45% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.74% | 35.80% | +0.94% |
Dividends
ARES vs. BX - Dividend Comparison
ARES's dividend yield for the trailing twelve months is around 5.26%, more than BX's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 5.26% | 3.29% | 2.10% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 5.65% | 4.32% | 6.81% |
BX Blackstone Inc. | 4.03% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
Financials
ARES vs. BX - Financials Comparison
This section allows you to compare key financial metrics between Ares Management Corporation and Blackstone Inc.. 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. BX - 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%.
BX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a gross profit of 4.04B and revenue of 4.10B. Therefore, the gross margin over that period was 98.5%.
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%.
BX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported an operating income of 1.59B and revenue of 4.10B, resulting in an operating margin of 38.8%.
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%.
BX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a net income of 649.73M and revenue of 4.10B, resulting in a net margin of 15.8%.
Frequently Asked Questions
ARES and BX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BX has higher volatility (11.94%) compared to ARES (11.87%). In terms of maximum drawdown, ARES dropped -49.73% vs BX's -88.09%.
BX currently has the higher Sharpe Ratio (-0.21 vs -0.49), 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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