ARES vs. CII

Last updated Jun 30, 2026

ARES (Ares Management Corporation) is a stock, while CII (BlackRock Enhanced Large Cap Core Fund) is Derivative Income fund actively managed by BlackRock. Over the past 10 years, ARES returned 27.74%/yr vs 15.39%/yr for CII. At a 0.42 correlation, their price movements are largely independent.

Performance

ARES vs. CII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ares Management Corporation (ARES) and BlackRock Enhanced Large Cap Core Fund (CII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARES achieves a -31.41% return, which is significantly lower than CII's 12.96% return. Over the past 10 years, ARES has outperformed CII with an annualized return of 27.74%, while CII has yielded a comparatively lower 15.39% 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%

CII

• 1D: 2.00%
• 1M: -1.77%
• YTD: 12.96%
• 6M: 14.33%
• 1Y: 41.39%
• 3Y*: 22.96%
• 5Y*: 14.77%
• 10Y*: 15.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARES vs. CII - 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%
CII BlackRock Enhanced Large Cap Core Fund	12.96%	37.78%	12.70%	18.47%	-13.21%	34.26%	8.11%	30.46%	-8.60%	27.73%

Correlation

The correlation between ARES and CII is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 2, 2014	0.42

The correlation between ARES and CII shifts across timeframes, from 0.28 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ARES vs. CII — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARES

ARES Risk / Return Rank: 12
ARES Sharpe Ratio Rank: 9
ARES Sortino Ratio Rank: 12
ARES Omega Ratio Rank: 13
ARES Calmar Ratio Rank: 17
ARES Martin Ratio Rank: 11

CII

CII Risk / Return Rank: 85
CII Sharpe Ratio Rank: 90
CII Sortino Ratio Rank: 83
CII Omega Ratio Rank: 81
CII Calmar Ratio Rank: 85
CII Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARES vs. CII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ares Management Corporation (ARES) and BlackRock Enhanced Large Cap Core Fund (CII). 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	CII	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	2.63	-3.45
Sortino ratio: Return per unit of downside risk	-1.05	3.44	-4.49
Omega ratio: Gain probability vs. loss probability	0.87	1.45	-0.58
Calmar ratio: Return relative to maximum drawdown	-0.71	3.56	-4.28
Martin ratio: Return relative to average drawdown	-1.35	13.03	-14.37

ARES vs. CII - Sharpe Ratio Comparison

The current ARES Sharpe Ratio is -0.83, which is lower than the CII Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of ARES and CII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARES vs. CII - Drawdown Comparison

The maximum ARES drawdown since its inception was -49.73%, smaller than the maximum CII drawdown of -56.43%. Use the drawdown chart below to compare losses from any high point for ARES and CII.

Drawdown Indicators

	ARES	CII	Difference
Max Drawdown Largest peak-to-trough decline	-49.73%	-56.43%	+6.70%
Max Drawdown (1Y) Largest decline over 1 year	-49.05%	-11.67%	-37.38%
Max Drawdown (3Y) Largest decline over 3 years	-49.73%	-21.05%	-28.68%
Max Drawdown (5Y) Largest decline over 5 years	-49.73%	-22.32%	-27.41%
Max Drawdown (10Y) Largest decline over 10 years	-49.73%	-40.56%	-9.17%
Current Drawdown Current decline from peak	-42.25%	-1.77%	-40.48%
Average Drawdown Average peak-to-trough decline	-11.40%	-6.17%	-5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.91%	3.19%	+22.72%

Volatility

ARES vs. CII - Volatility Comparison

Ares Management Corporation (ARES) has a higher volatility of 13.98% compared to BlackRock Enhanced Large Cap Core Fund (CII) at 6.11%. This indicates that ARES's price experiences larger fluctuations and is considered to be riskier than CII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARES	CII	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.98%	6.11%	+7.87%
Volatility (6M) Calculated over the trailing 6-month period	36.10%	12.49%	+23.61%
Volatility (1Y) Calculated over the trailing 1-year period	42.24%	15.87%	+26.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.59%	17.23%	+20.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.53%	18.58%	+17.95%

Dividends

ARES vs. CII - Dividend Comparison

ARES's dividend yield for the trailing twelve months is around 6.16%, less than CII's 15.28% yield.

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%
CII BlackRock Enhanced Large Cap Core Fund	15.28%	16.65%	6.15%	6.28%	12.27%	4.98%	6.03%	5.79%	7.06%	6.07%	8.38%	8.49%

Frequently Asked Questions

Can I hold both ARES and CII in my portfolio?

ARES and CII have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARES or CII?

ARES has higher volatility (13.98%) compared to CII (6.11%). In terms of maximum drawdown, ARES dropped -49.73% vs CII's -56.43%.

Which has better risk-adjusted returns?

CII currently has the higher Sharpe Ratio (2.63 vs -0.83), 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.