ARGX vs. ARES
ARGX (argenx SE) and ARES (Ares Management Corporation) are both stocks. ARGX operates in Biotechnology (Healthcare), while ARES operates in Asset Management (Financial Services). Over the past 5 years, ARGX returned 22.10%/yr vs 18.72%/yr for ARES. At a 0.25 correlation, their price movements are largely independent.
Performance
ARGX vs. ARES - Performance Comparison
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Returns By Period
In the year-to-date period, ARGX achieves a 1.48% return, which is significantly higher than ARES's -23.01% return.
ARGX
- 1D
- -5.57%
- 1M
- 5.82%
- YTD
- 1.48%
- 6M
- 0.88%
- 1Y
- 57.81%
- 3Y*
- 29.12%
- 5Y*
- 22.10%
- 10Y*
- —
ARES
- 1D
- -4.07%
- 1M
- -1.32%
- YTD
- -23.01%
- 6M
- -26.26%
- 1Y
- -23.41%
- 3Y*
- 13.92%
- 5Y*
- 18.72%
- 10Y*
- 29.90%
ARGX vs. ARES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARGX argenx SE | 1.48% | 36.74% | 61.66% | 0.42% | 8.18% | 19.08% | 83.21% | 67.09% | 52.15% | 252.74% |
ARES Ares Management Corporation | -23.01% | -5.72% | 52.68% | 79.52% | -12.75% | 77.75% | 37.37% | 110.13% | -5.54% | 15.44% |
Correlation
The correlation between ARGX and ARES is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 18, 2017 | 0.25 |
Over the past year, the correlation between ARGX and ARES has dropped to 0.03 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
Fundamentals
ARGX:
$32.69
ARES:
$2.83
ARGX:
26.10
ARES:
42.66
ARGX:
0.50
ARES:
1.70
ARGX:
10.25
ARES:
4.21
ARGX:
$5.49B
ARES:
$6.31B
ARGX:
$4.38B
ARES:
$4.46B
ARGX:
$1.50B
ARES:
$2.42B
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Return for Risk
ARGX vs. ARES — Risk / Return Rank
ARGX
ARES
ARGX vs. ARES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for argenx SE (ARGX) and Ares Management Corporation (ARES). 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.
| ARGX | ARES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.26 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.93 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.48 | +2.51 |
| Martin ratioReturn relative to average drawdown | 5.42 | -0.92 | +6.34 |
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Drawdowns
ARGX vs. ARES - Drawdown Comparison
The maximum ARGX drawdown since its inception was -38.20%, smaller than the maximum ARES drawdown of -49.73%. Use the drawdown chart below to compare losses from any high point for ARGX and ARES.
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Drawdown Indicators
| ARGX | ARES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.20% | -49.73% | +11.53% |
Max Drawdown (1Y)Largest decline over 1 year | -28.58% | -49.05% | +20.47% |
Max Drawdown (3Y)Largest decline over 3 years | -38.20% | -49.73% | +11.53% |
Max Drawdown (5Y)Largest decline over 5 years | -38.20% | -49.73% | +11.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.73% | — |
Current DrawdownCurrent decline from peak | -8.20% | -35.17% | +26.97% |
Average DrawdownAverage peak-to-trough decline | -11.06% | -11.36% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.70% | 25.42% | -14.72% |
Volatility
ARGX vs. ARES - Volatility Comparison
argenx SE (ARGX) and Ares Management Corporation (ARES) have volatilities of 12.30% and 12.55%, 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
| ARGX | ARES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.30% | 12.55% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 23.12% | 35.66% | -12.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.02% | 41.79% | -10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.67% | 37.52% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.50% | 36.74% | +14.76% |
Dividends
ARGX vs. ARES - Dividend Comparison
ARGX has not paid dividends to shareholders, while ARES's dividend yield for the trailing twelve months is around 5.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 5.49% | 3.29% | 2.10% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 5.65% | 4.32% | 6.81% |
ARGX argenx SE | 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
ARGX vs. ARES - Financials Comparison
This section allows you to compare key financial metrics between argenx SE and Ares Management Corporation. 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
ARGX vs. ARES - Profitability Comparison
ARGX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, argenx SE reported a gross profit of 2.15B and revenue of 2.41B. Therefore, the gross margin over that period was 89.3%.
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%.
ARGX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, argenx SE reported an operating income of 658.56M and revenue of 2.41B, resulting in an operating margin of 27.4%.
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%.
ARGX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, argenx SE reported a net income of 874.92M and revenue of 2.41B, resulting in a net margin of 36.4%.
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%.
Frequently Asked Questions
ARGX and ARES have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARES has higher volatility (12.55%) compared to ARGX (12.30%). In terms of maximum drawdown, ARGX dropped -38.20% vs ARES's -49.73%.
ARGX currently has the higher Sharpe Ratio (1.87 vs -0.56), 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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