ARES vs. UPWK
ARES (Ares Management Corporation) and UPWK (Upwork Inc.) are both stocks. ARES operates in Asset Management (Financial Services), while UPWK operates in Staffing & Employment Services (Industrials). Over the past 5 years, ARES returned 20.40%/yr vs -29.10%/yr for UPWK. At a 0.36 correlation, their price movements are largely independent.
Performance
ARES vs. UPWK - Performance Comparison
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Returns By Period
In the year-to-date period, ARES achieves a -20.44% return, which is significantly higher than UPWK's -55.25% 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%
UPWK
- 1D
- 1.26%
- 1M
- 0.57%
- YTD
- -55.25%
- 6M
- -55.38%
- 1Y
- -42.40%
- 3Y*
- 1.43%
- 5Y*
- -29.10%
- 10Y*
- —
ARES vs. UPWK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | -20.44% | -5.72% | 52.68% | 79.52% | -12.75% | 77.75% | 37.37% | 110.13% | -19.43% |
UPWK Upwork Inc. | -55.25% | 21.22% | 9.95% | 42.43% | -69.44% | -1.04% | 223.52% | -41.08% | -21.26% |
Correlation
The correlation between ARES and UPWK is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.36 |
The correlation between ARES and UPWK shifts across timeframes, from 0.27 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ARES:
$2.83
UPWK:
$0.79
ARES:
44.81
UPWK:
11.27
ARES:
1.79
UPWK:
0.07
ARES:
4.43
UPWK:
2.07
ARES:
$6.31B
UPWK:
$595.10M
ARES:
$4.46B
UPWK:
$612.97M
ARES:
$2.42B
UPWK:
$152.42M
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Return for Risk
ARES vs. UPWK — Risk / Return Rank
ARES
UPWK
ARES vs. UPWK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ares Management Corporation (ARES) and Upwork Inc. (UPWK). 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 | UPWK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.89 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.67 | +0.17 |
| Martin ratioReturn relative to average drawdown | -0.98 | -1.39 | +0.41 |
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 | UPWK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.59 | -0.72 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | -0.46 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | -0.17 | +0.80 |
Drawdowns
ARES vs. UPWK - Drawdown Comparison
The maximum ARES drawdown since its inception was -49.73%, smaller than the maximum UPWK drawdown of -87.48%. Use the drawdown chart below to compare losses from any high point for ARES and UPWK.
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Drawdown Indicators
| ARES | UPWK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.73% | -87.48% | +37.75% |
Max Drawdown (1Y)Largest decline over 1 year | -49.05% | -63.46% | +14.41% |
Max Drawdown (3Y)Largest decline over 3 years | -49.73% | -63.46% | +13.73% |
Max Drawdown (5Y)Largest decline over 5 years | -49.73% | -87.48% | +37.75% |
Max Drawdown (10Y)Largest decline over 10 years | -49.73% | — | — |
Current DrawdownCurrent decline from peak | -33.01% | -85.39% | +52.38% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -56.10% | +44.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.72% | 30.60% | -5.88% |
Volatility
ARES vs. UPWK - Volatility Comparison
The current volatility for Ares Management Corporation (ARES) is 11.35%, while Upwork Inc. (UPWK) has a volatility of 24.17%. This indicates that ARES experiences smaller price fluctuations and is considered to be less risky than UPWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARES | UPWK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 24.17% | -12.82% |
Volatility (6M)Calculated over the trailing 6-month period | 35.50% | 47.03% | -11.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.16% | 59.18% | -18.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.33% | 63.40% | -26.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.69% | 64.77% | -28.08% |
Dividends
ARES vs. UPWK - Dividend Comparison
ARES's dividend yield for the trailing twelve months is around 4.38%, while UPWK has not paid dividends to shareholders.
| 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% |
UPWK Upwork Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ARES vs. UPWK - Financials Comparison
This section allows you to compare key financial metrics between Ares Management Corporation and Upwork 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
Frequently Asked Questions
ARES and UPWK have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPWK has higher volatility (24.17%) compared to ARES (11.35%). In terms of maximum drawdown, ARES dropped -49.73% vs UPWK's -87.48%.
ARES currently has the higher Sharpe Ratio (-0.59 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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