ARGX vs. ARES

Last updated Jun 3, 2026

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 24.67%/yr vs 21.76%/yr for ARES. At a 0.25 correlation, their price movements are largely independent.

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.

Returns By Period

In the year-to-date period, ARGX achieves a -4.61% return, which is significantly higher than ARES's -19.55% return.

ARGX

• 1D: -4.06%
• 1M: 2.38%
• YTD: -4.61%
• 6M: -12.37%
• 1Y: 37.22%
• 3Y*: 26.55%
• 5Y*: 24.67%
• 10Y*: —

ARES

• 1D: -0.36%
• 1M: 7.80%
• YTD: -19.55%
• 6M: -17.77%
• 1Y: -20.12%
• 3Y*: 16.40%
• 5Y*: 21.76%
• 10Y*: 29.76%

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

ARGX vs. ARES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARGX argenx SE	-4.61%	36.74%	61.66%	0.42%	8.18%	19.08%	83.21%	67.09%	52.15%	174.52%
ARES Ares Management Corporation	-19.55%	-5.72%	52.68%	79.52%	-12.75%	77.75%	37.37%	110.13%	-5.54%	13.25%

Correlation

The correlation between ARGX and ARES is 0.05, 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	0.05
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 19, 2017	0.25

Over the past year, the correlation between ARGX and ARES has dropped to 0.05 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Fundamentals

EPS ARGX : $32.69 ARES : $2.83
PE Ratio ARGX : 24.54 ARES : 45.31
PEG Ratio ARGX : 0.47 ARES : 1.81
PS Ratio ARGX : 9.63 ARES : 4.47
Total Revenue (TTM) ARGX : $5.49B ARES : $6.31B
Gross Profit (TTM) ARGX : $4.38B ARES : $4.46B
EBITDA (TTM) ARGX : $1.50B ARES : $2.42B

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: 72
ARGX Sharpe Ratio Rank: 77
ARGX Sortino Ratio Rank: 74
ARGX Omega Ratio Rank: 71
ARGX Calmar Ratio Rank: 67
ARGX Martin Ratio Rank: 70

ARES

ARES Risk / Return Rank: 22
ARES Sharpe Ratio Rank: 19
ARES Sortino Ratio Rank: 20
ARES Omega Ratio Rank: 19
ARES Calmar Ratio Rank: 26
ARES Martin Ratio Rank: 25

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	1.26	-0.50	+1.76
Sortino ratio Return per unit of downside risk	1.95	-0.47	+2.42
Omega ratio Gain probability vs. loss probability	1.24	0.94	+0.30
Calmar ratio Return relative to maximum drawdown	1.40	-0.40	+1.79
Martin ratio Return relative to average drawdown	3.72	-0.80	+4.52
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 1.26, which is higher than the ARES Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of ARGX and ARES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARGX	ARES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	-0.50	+1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.59	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.64	+0.32

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 (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 Drawdown Current decline from peak	-13.71%	-32.26%	+18.55%
Average Drawdown Average peak-to-trough decline	-11.10%	-11.28%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.72%	24.39%	-13.67%

Volatility

ARGX vs. ARES - Volatility Comparison

argenx SE (ARGX) has a higher volatility of 10.26% compared to Ares Management Corporation (ARES) at 8.04%. This indicates that ARGX's price experiences larger fluctuations and is considered to be riskier 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	10.26%	8.04%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	21.05%	34.65%	-13.60%
Volatility (1Y) Calculated over the trailing 1-year period	29.80%	40.35%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.73%	37.17%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.68%	36.61%	+14.07%

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 4.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARES Ares Management Corporation	4.33%	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 - 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 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

Can I hold both ARGX and ARES in my portfolio?

ARGX and ARES have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARGX or ARES?

ARGX has higher volatility (10.26%) compared to ARES (8.04%). In terms of maximum drawdown, ARGX dropped -38.20% vs ARES's -49.73%.

Which has better risk-adjusted returns?

ARGX currently has the higher Sharpe Ratio (1.26 vs -0.50), 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.