ARES vs. STLD
ARES (Ares Management Corporation) and STLD (Steel Dynamics, Inc.) are both stocks. ARES operates in Asset Management (Financial Services), while STLD operates in Steel (Basic Materials). Over the past 10 years, ARES returned 27.66%/yr vs 27.79%/yr for STLD. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
ARES vs. STLD - Performance Comparison
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Returns By Period
In the year-to-date period, ARES achieves a -18.86% return, which is significantly lower than STLD's 49.08% return. Both investments have delivered pretty close results over the past 10 years, with ARES having a 27.66% annualized return and STLD not far ahead at 27.79%.
ARES
- 1D
- 3.20%
- 1M
- 9.57%
- 6M
- -12.38%
- YTD
- -18.86%
- 1Y
- -27.00%
- 3Y*
- 11.26%
- 5Y*
- 16.01%
- 10Y*
- 27.66%
- ALL TIME*
- 22.34%
STLD
- 1D
- -0.49%
- 1M
- 14.01%
- 6M
- 40.67%
- YTD
- 49.08%
- 1Y
- 107.78%
- 3Y*
- 34.78%
- 5Y*
- 33.27%
- 10Y*
- 27.79%
- ALL TIME*
- 16.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $300.10M | $254.48M | $308.65M | |
| $317.28M | $281.08M | $296.06M |
ARES vs. STLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | -18.86% | -5.72% | 52.68% | 79.52% | -12.75% | 77.75% | 37.37% | 110.13% | -5.54% | 10.72% |
STLD Steel Dynamics, Inc. | 49.08% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
Correlation
The correlation between ARES and STLD is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 2, 2014 | 0.28 |
Fundamentals
ARES:
$42.07B
STLD:
$36.01B
ARES:
$2.82
STLD:
$11.03
ARES:
45.35
STLD:
22.79
ARES:
4.48
STLD:
1.78
ARES:
$6.31B
STLD:
$20.54B
ARES:
$4.46B
STLD:
$3.00B
ARES:
$2.42B
STLD:
$2.97B
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Return for Risk
ARES vs. STLD — Risk / Return Rank
ARES
STLD
ARES vs. STLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Management Corporation (ARES) and Steel Dynamics, Inc. (STLD). 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 | STLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.50 | ||
| Sortino ratioReturn per unit of downside risk | -4.14 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.42 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 4.56 | -5.14 |
| Martin ratioReturn relative to average drawdown | -1.01 | 13.00 | -14.01 |
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Drawdowns
ARES vs. STLD - Drawdown Comparison
The maximum ARES drawdown since its inception was -49.73%, smaller than the maximum STLD drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for ARES and STLD.
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Drawdown Indicators
| ARES | STLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.73% | -87.05% | +37.32% |
Max Drawdown (1Y)Largest decline over 1 year | -49.05% | -21.88% | -27.17% |
Max Drawdown (3Y)Largest decline over 3 years | -49.73% | -28.66% | -21.07% |
Max Drawdown (5Y)Largest decline over 5 years | -49.73% | -32.20% | -17.53% |
Max Drawdown (10Y)Largest decline over 10 years | -49.73% | -68.46% | +18.73% |
Current DrawdownCurrent decline from peak | -31.68% | -10.94% | -20.74% |
Average DrawdownAverage peak-to-trough decline | -11.58% | -33.18% | +21.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.91% | 7.70% | +20.21% |
Volatility
ARES vs. STLD - Volatility Comparison
Ares Management Corporation (ARES) has a higher volatility of 10.26% compared to Steel Dynamics, Inc. (STLD) at 8.59%. This indicates that ARES's price experiences larger fluctuations and is considered to be riskier than STLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARES | STLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 8.59% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 36.42% | 27.04% | +9.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.02% | 35.08% | +7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.79% | 38.08% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.50% | 39.40% | -2.90% |
Dividends
ARES vs. STLD - Dividend Comparison
ARES's dividend yield for the trailing twelve months is around 4.52%, more than STLD's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 4.52% | 3.29% | 2.10% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 5.65% | 4.32% | 6.81% |
STLD Steel Dynamics, Inc. | 0.82% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
ARES vs. STLD - Financials Comparison
This section allows you to compare key financial metrics between Ares Management Corporation and Steel Dynamics, 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. STLD - Profitability Comparison
ARES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
STLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Steel Dynamics, Inc. reported a gross profit of 958.97M and revenue of 6.09B. Therefore, the gross margin over that period was 15.7%.
ARES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Ares Management Corporation reported an operating income of 364.95M and revenue of 1.53B, resulting in an operating margin of 23.8%.
STLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Steel Dynamics, Inc. reported an operating income of 765.52M and revenue of 6.09B, resulting in an operating margin of 12.6%.
ARES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Ares Management Corporation reported a net income of 142.59M and revenue of 1.53B, resulting in a net margin of 9.3%.
STLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Steel Dynamics, Inc. reported a net income of 534.09M and revenue of 6.09B, resulting in a net margin of 8.8%.
Frequently Asked Questions
ARES and STLD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARES has higher volatility (10.26%) compared to STLD (8.59%). In terms of maximum drawdown, ARES dropped -49.73% vs STLD's -87.05%.
STLD currently has the higher Sharpe Ratio (2.85 vs -0.65), 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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