BGH vs. ARCC
BGH (Barings Global Short Duration High Yield Fund) is High Yield Bonds fund actively managed by Barings, while ARCC (Ares Capital Corporation) is a stock. Over the past 10 years, BGH returned 7.48%/yr vs 12.60%/yr for ARCC. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
BGH vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, BGH achieves a 0.49% return, which is significantly lower than ARCC's 2.33% return. Over the past 10 years, BGH has underperformed ARCC with an annualized return of 7.48%, while ARCC has yielded a comparatively higher 12.60% annualized return.
BGH
- 1D
- 0.78%
- 1M
- 0.93%
- 6M
- -0.51%
- YTD
- 0.49%
- 1Y
- 0.32%
- 3Y*
- 14.26%
- 5Y*
- 6.67%
- 10Y*
- 7.48%
- ALL TIME*
- 6.30%
ARCC
- 1D
- 2.50%
- 1M
- 4.91%
- 6M
- 8.22%
- YTD
- 2.33%
- 1Y
- -3.32%
- 3Y*
- 10.04%
- 5Y*
- 9.47%
- 10Y*
- 12.60%
- ALL TIME*
- 12.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.24M | $87.43M | $94.49M | |
| $1.10M | $1.19M | $1.20M |
BGH vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGH Barings Global Short Duration High Yield Fund | 0.49% | 8.56% | 27.22% | 18.18% | -19.89% | 24.10% | -4.54% | 21.53% | -8.65% | 10.49% |
ARCC Ares Capital Corporation | 2.33% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
Correlation
The correlation between BGH and ARCC is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.34 |
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Return for Risk
BGH vs. ARCC — Risk / Return Rank
BGH
ARCC
BGH vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings Global Short Duration High Yield Fund (BGH) and Ares Capital Corporation (ARCC). 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.
| BGH | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.99 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.19 | +0.21 |
| Martin ratioReturn relative to average drawdown | 0.04 | -0.35 | +0.39 |
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Drawdowns
BGH vs. ARCC - Drawdown Comparison
The maximum BGH drawdown since its inception was -48.73%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for BGH and ARCC.
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Drawdown Indicators
| BGH | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -79.36% | +30.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.90% | -17.35% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -19.35% | +2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -21.76% | -4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -48.73% | -56.77% | +8.04% |
Current DrawdownCurrent decline from peak | -7.33% | -6.86% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -9.12% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.74% | 9.53% | -0.79% |
Volatility
BGH vs. ARCC - Volatility Comparison
The current volatility for Barings Global Short Duration High Yield Fund (BGH) is 3.18%, while Ares Capital Corporation (ARCC) has a volatility of 5.24%. This indicates that BGH experiences smaller price fluctuations and is considered to be less risky than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGH | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 5.24% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 14.96% | -6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 19.13% | -7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 20.03% | -6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 25.60% | -9.65% |
Dividends
BGH vs. ARCC - Dividend Comparison
BGH's dividend yield for the trailing twelve months is around 12.02%, more than ARCC's 9.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 9.77% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
BGH Barings Global Short Duration High Yield Fund | 12.02% | 11.38% | 9.72% | 10.66% | 9.99% | 7.31% | 9.10% | 10.14% | 12.11% | 9.50% | 9.61% | 13.31% |
Frequently Asked Questions
BGH and ARCC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARCC has higher volatility (5.24%) compared to BGH (3.18%). In terms of maximum drawdown, BGH dropped -48.73% vs ARCC's -79.36%.
BGH currently has the higher Sharpe Ratio (0.03 vs -0.17), 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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