ARES vs. MORN
ARES (Ares Management Corporation) and MORN (Morningstar, Inc.) are both stocks. Both are in the Financial Services sector — ARES in Asset Management, MORN in Financial Data & Stock Exchanges. Over the past 10 years, ARES returned 29.88%/yr vs 9.12%/yr for MORN. At a 0.35 correlation, their price movements are largely independent.
Performance
ARES vs. MORN - Performance Comparison
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Returns By Period
In the year-to-date period, ARES achieves a -20.44% return, which is significantly lower than MORN's -16.03% return. Over the past 10 years, ARES has outperformed MORN with an annualized return of 29.88%, while MORN has yielded a comparatively lower 9.12% annualized return.
ARES
- 1D
- 0.97%
- 1M
- 0.49%
- YTD
- -20.44%
- 6M
- -20.82%
- 1Y
- -24.22%
- 3Y*
- 14.73%
- 5Y*
- 20.40%
- 10Y*
- 29.88%
MORN
- 1D
- -2.29%
- 1M
- 2.72%
- YTD
- -16.03%
- 6M
- -15.94%
- 1Y
- -41.38%
- 3Y*
- -3.23%
- 5Y*
- -4.16%
- 10Y*
- 9.12%
ARES vs. MORN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | -20.44% | -5.72% | 52.68% | 79.52% | -12.75% | 77.75% | 37.37% | 110.13% | -5.54% | 10.72% |
MORN Morningstar, Inc. | -16.03% | -35.05% | 18.29% | 33.10% | -36.31% | 48.23% | 54.54% | 38.93% | 14.34% | 33.38% |
Correlation
The correlation between ARES and MORN is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 5, 2014 | 0.35 |
The correlation between ARES and MORN shifts across timeframes, from 0.30 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ARES:
$2.83
MORN:
$9.74
ARES:
44.81
MORN:
18.63
ARES:
1.79
MORN:
0.37
ARES:
4.43
MORN:
2.99
ARES:
$6.31B
MORN:
$2.51B
ARES:
$4.46B
MORN:
$1.55B
ARES:
$2.42B
MORN:
$743.90M
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Return for Risk
ARES vs. MORN — Risk / Return Rank
ARES
MORN
ARES vs. MORN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Management Corporation (ARES) and Morningstar, Inc. (MORN). 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.
| ARES | MORN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.78 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.82 | +0.32 |
| Martin ratioReturn relative to average drawdown | -0.98 | -1.27 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARES | MORN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.59 | -1.21 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | -0.14 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.33 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.39 | +0.24 |
Drawdowns
ARES vs. MORN - Drawdown Comparison
The maximum ARES drawdown since its inception was -49.73%, smaller than the maximum MORN drawdown of -67.92%. Use the drawdown chart below to compare losses from any high point for ARES and MORN.
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Drawdown Indicators
| ARES | MORN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.73% | -67.92% | +18.19% |
Max Drawdown (1Y)Largest decline over 1 year | -49.05% | -50.65% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -49.73% | -56.70% | +6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -49.73% | -56.70% | +6.97% |
Max Drawdown (10Y)Largest decline over 10 years | -49.73% | -56.70% | +6.97% |
Current DrawdownCurrent decline from peak | -33.01% | -48.81% | +15.80% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -18.34% | +7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.72% | 32.64% | -7.92% |
Volatility
ARES vs. MORN - Volatility Comparison
The current volatility for Ares Management Corporation (ARES) is 11.35%, while Morningstar, Inc. (MORN) has a volatility of 13.81%. This indicates that ARES experiences smaller price fluctuations and is considered to be less risky than MORN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARES | MORN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 13.81% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 35.50% | 30.59% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.16% | 34.33% | +6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.33% | 30.68% | +6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.69% | 27.75% | +8.94% |
Dividends
ARES vs. MORN - Dividend Comparison
ARES's dividend yield for the trailing twelve months is around 4.38%, more than MORN's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 4.38% | 3.29% | 2.10% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 5.65% | 4.32% | 6.81% |
MORN Morningstar, Inc. | 1.05% | 0.84% | 0.48% | 0.52% | 0.66% | 0.28% | 0.65% | 0.74% | 0.91% | 0.95% | 1.20% | 0.95% |
Financials
ARES vs. MORN - Financials Comparison
This section allows you to compare key financial metrics between Ares Management Corporation and Morningstar, 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. MORN - 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%.
MORN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported a gross profit of 405.90M and revenue of 644.80M. Therefore, the gross margin over that period was 63.0%.
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%.
MORN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported an operating income of 900.00K and revenue of 644.80M, resulting in an operating margin of 0.1%.
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%.
MORN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported a net income of 107.10M and revenue of 644.80M, resulting in a net margin of 16.6%.
Frequently Asked Questions
ARES and MORN have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MORN has higher volatility (13.81%) compared to ARES (11.35%). In terms of maximum drawdown, ARES dropped -49.73% vs MORN's -67.92%.
ARES currently has the higher Sharpe Ratio (-0.59 vs -1.21), 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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