ARGX vs. ARES

Last updated Apr 1, 2026

Compare and contrast key facts about argenx SE (ARGX) and Ares Management Corporation (ARES).

Performance

ARGX vs. ARES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in argenx SE (ARGX) and Ares Management Corporation (ARES). The values are adjusted to include any dividend payments, if applicable.

ARGX vs. ARES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARGX argenx SE	-13.16%	36.74%	61.66%	0.42%	8.18%	19.08%	83.21%	67.09%	52.15%	174.52%
ARES Ares Management Corporation	-31.58%	-5.72%	52.68%	79.52%	-12.75%	77.75%	37.37%	110.13%	-5.54%	13.25%

Fundamentals

Market Cap ARGX : $48.34B ARES : $24.13B
EPS ARGX : $32.69 ARES : $2.40
PE Ratio ARGX : 22.34 ARES : 45.51
PEG Ratio ARGX : 0.43 ARES : 1.82
PS Ratio ARGX : 8.77 ARES : 3.71
PB Ratio ARGX : 6.60 ARES : 3.36
Total Revenue (TTM) ARGX : $5.49B ARES : $6.47B
Gross Profit (TTM) ARGX : $4.38B ARES : $2.74B
EBITDA (TTM) ARGX : $1.50B ARES : $2.24B

Returns By Period

In the year-to-date period, ARGX achieves a -13.16% return, which is significantly higher than ARES's -31.58% return.

ARGX

• 1D: 3.68%
• 1M: -4.78%
• YTD: -13.16%
• 6M: -0.99%
• 1Y: 23.38%
• 3Y*: 25.15%
• 5Y*: 20.93%
• 10Y*: —

ARES

• 1D: 1.34%
• 1M: -1.27%
• YTD: -31.58%
• 6M: -30.05%
• 1Y: -22.71%
• 3Y*: 12.80%
• 5Y*: 17.27%
• 10Y*: 26.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ARGX vs. ARES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARGX

ARGX Risk / Return Rank: 63
ARGX Sharpe Ratio Rank: 67
ARGX Sortino Ratio Rank: 62
ARGX Omega Ratio Rank: 61
ARGX Calmar Ratio Rank: 61
ARGX Martin Ratio Rank: 63

ARES

ARES Risk / Return Rank: 22
ARES Sharpe Ratio Rank: 20
ARES Sortino Ratio Rank: 21
ARES Omega Ratio Rank: 21
ARES Calmar Ratio Rank: 28
ARES Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	ARGX	ARES	Difference
Sharpe ratio Return per unit of total volatility	0.71	-0.49	+1.20
Sortino ratio Return per unit of downside risk	1.19	-0.43	+1.62
Omega ratio Gain probability vs. loss probability	1.16	0.94	+0.22
Calmar ratio Return relative to maximum drawdown	0.84	-0.44	+1.28
Martin ratio Return relative to average drawdown	2.17	-1.13	+3.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARGX vs. ARES - Sharpe Ratio Comparison

The current ARGX Sharpe Ratio is 0.71, which is higher than the ARES Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of ARGX and ARES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARGX	ARES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	-0.49	+1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.47	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.60	+0.34

Correlation

The correlation between ARGX and ARES is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 5.09%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ARES Ares Management Corporation	5.09%	3.29%	2.10%	2.59%	3.57%	2.31%	3.40%	3.59%	7.50%	5.65%	4.32%	6.81%

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.

Drawdown Indicators

	ARGX	ARES	Difference
Max Drawdown Largest 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 (5Y) Largest decline over 5 years	-38.20%	-49.73%	+11.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.73%	—
Current Drawdown Current decline from peak	-21.45%	-42.39%	+20.94%
Average Drawdown Average peak-to-trough decline	-11.05%	-10.90%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.06%	19.30%	-8.24%

Volatility

ARGX vs. ARES - Volatility Comparison

The current volatility for argenx SE (ARGX) is 9.44%, while Ares Management Corporation (ARES) has a volatility of 14.86%. This indicates that ARGX experiences smaller price fluctuations and is considered to be less risky than ARES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARGX	ARES	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.44%	14.86%	-5.42%
Volatility (6M) Calculated over the trailing 6-month period	19.48%	33.31%	-13.83%
Volatility (1Y) Calculated over the trailing 1-year period	33.11%	46.21%	-13.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.89%	36.85%	+2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.99%	36.36%	+14.63%

Financials

ARGX vs. ARES - Profitability Comparison

The chart below illustrates the profitability comparison between argenx SE and Ares Management Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ARGX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 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 Apr 2026, Ares Management Corporation reported a gross profit of 601.15M and revenue of 2.37B. Therefore, the gross margin over that period was 25.3%.

ARGX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 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 Apr 2026, Ares Management Corporation reported an operating income of 1.12B and revenue of 2.37B, resulting in an operating margin of 47.4%.

ARGX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 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 Apr 2026, Ares Management Corporation reported a net income of 54.25M and revenue of 2.37B, resulting in a net margin of 2.3%.