ARES vs. PWR
ARES (Ares Management Corporation) and PWR (Quanta Services, Inc.) are both stocks. ARES operates in Asset Management (Financial Services), while PWR operates in Engineering & Construction (Industrials). Over the past 10 years, ARES returned 28.08%/yr vs 38.19%/yr for PWR. At a 0.36 correlation, their price movements are largely independent.
Performance
ARES vs. PWR - Performance Comparison
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Returns By Period
In the year-to-date period, ARES achieves a -22.70% return, which is significantly lower than PWR's 49.97% return. Over the past 10 years, ARES has underperformed PWR with an annualized return of 28.08%, while PWR has yielded a comparatively higher 38.19% annualized return.
ARES
- 1D
- -3.51%
- 1M
- -6.24%
- 6M
- -26.37%
- YTD
- -22.70%
- 1Y
- -30.56%
- 3Y*
- 9.74%
- 5Y*
- 17.45%
- 10Y*
- 28.08%
- ALL TIME*
- 21.92%
PWR
- 1D
- 0.64%
- 1M
- -9.91%
- 6M
- 35.57%
- YTD
- 49.97%
- 1Y
- 56.98%
- 3Y*
- 46.60%
- 5Y*
- 48.08%
- 10Y*
- 38.19%
- ALL TIME*
- 17.05%
ARES vs. PWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | -22.70% | -5.72% | 52.68% | 79.52% | -12.75% | 77.75% | 37.37% | 110.13% | -5.54% | 10.72% |
PWR Quanta Services, Inc. | 49.97% | 33.70% | 46.60% | 51.70% | 24.63% | 59.50% | 77.74% | 35.84% | -22.93% | 12.22% |
Correlation
The correlation between ARES and PWR is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 2, 2014 | 0.36 |
Over the past year, the correlation between ARES and PWR has dropped to 0.13 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
ARES:
$39.83B
PWR:
$94.92B
ARES:
$2.82
PWR:
$7.28
ARES:
42.94
PWR:
86.89
ARES:
1.71
PWR:
4.30
ARES:
4.24
PWR:
3.20
ARES:
$6.31B
PWR:
$29.99B
ARES:
$4.46B
PWR:
$4.08B
ARES:
$2.42B
PWR:
$2.40B
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Return for Risk
ARES vs. PWR — Risk / Return Rank
ARES
PWR
ARES vs. PWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Management Corporation (ARES) and Quanta Services, Inc. (PWR). 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 | PWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.27 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.87 | -3.50 |
| Martin ratioReturn relative to average drawdown | -1.13 | 8.33 | -9.45 |
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Drawdowns
ARES vs. PWR - Drawdown Comparison
The maximum ARES drawdown since its inception was -49.73%, smaller than the maximum PWR drawdown of -97.07%. Use the drawdown chart below to compare losses from any high point for ARES and PWR.
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Drawdown Indicators
| ARES | PWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.73% | -97.07% | +47.34% |
Max Drawdown (1Y)Largest decline over 1 year | -49.05% | -19.94% | -29.11% |
Max Drawdown (3Y)Largest decline over 3 years | -49.73% | -33.89% | -15.84% |
Max Drawdown (5Y)Largest decline over 5 years | -49.73% | -33.89% | -15.84% |
Max Drawdown (10Y)Largest decline over 10 years | -49.73% | -45.53% | -4.20% |
Current DrawdownCurrent decline from peak | -34.91% | -19.43% | -15.48% |
Average DrawdownAverage peak-to-trough decline | -11.51% | -46.72% | +35.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.16% | 6.87% | +20.29% |
Volatility
ARES vs. PWR - Volatility Comparison
Ares Management Corporation (ARES) and Quanta Services, Inc. (PWR) have volatilities of 12.75% and 12.56%, 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 | PWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 12.56% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 36.46% | 30.89% | +5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.80% | 38.96% | +3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.76% | 36.07% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.57% | 33.90% | +2.67% |
Dividends
ARES vs. PWR - Dividend Comparison
ARES's dividend yield for the trailing twelve months is around 5.47%, more than PWR's 0.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 5.47% | 3.29% | 2.10% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 5.65% | 4.32% | 6.81% |
PWR Quanta Services, Inc. | 0.07% | 0.09% | 0.09% | 0.15% | 0.25% | 0.16% | 0.29% | 0.42% | 0.13% | 0.00% | 0.00% | 0.00% |
Financials
ARES vs. PWR - Financials Comparison
This section allows you to compare key financial metrics between Ares Management Corporation and Quanta Services, 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. PWR - Profitability Comparison
ARES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
PWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Quanta Services, Inc. reported a gross profit of 1.11B and revenue of 7.87B. Therefore, the gross margin over that period was 14.1%.
ARES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ares Management Corporation reported an operating income of 364.95M and revenue of 1.53B, resulting in an operating margin of 23.8%.
PWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Quanta Services, Inc. reported an operating income of 338.78M and revenue of 7.87B, resulting in an operating margin of 4.3%.
ARES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Ares Management Corporation reported a net income of 142.59M and revenue of 1.53B, resulting in a net margin of 9.3%.
PWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Quanta Services, Inc. reported a net income of 220.63M and revenue of 7.87B, resulting in a net margin of 2.8%.
Frequently Asked Questions
ARES and PWR have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARES has higher volatility (12.75%) compared to PWR (12.56%). In terms of maximum drawdown, ARES dropped -49.73% vs PWR's -97.07%.
PWR currently has the higher Sharpe Ratio (1.47 vs -0.72), 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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