CCOI vs. ARCC
CCOI (Cogent Communications Holdings, Inc.) and ARCC (Ares Capital Corporation) are both stocks. CCOI operates in Telecom Services (Communication Services), while ARCC operates in Asset Management (Financial Services). Over the past 10 years, CCOI returned -6.40%/yr vs 12.33%/yr for ARCC. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
CCOI vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, CCOI achieves a -37.25% return, which is significantly lower than ARCC's -2.30% return. Over the past 10 years, CCOI has underperformed ARCC with an annualized return of -6.40%, while ARCC has yielded a comparatively higher 12.33% annualized return.
CCOI
- 1D
- 1.96%
- 1M
- 3.93%
- 6M
- -44.33%
- YTD
- -37.25%
- 1Y
- -69.16%
- 3Y*
- -36.17%
- 5Y*
- -25.71%
- 10Y*
- -6.40%
- ALL TIME*
- -5.80%
ARCC
- 1D
- -0.37%
- 1M
- 0.16%
- 6M
- -0.63%
- YTD
- -2.30%
- 1Y
- -7.66%
- 3Y*
- 8.39%
- 5Y*
- 8.57%
- 10Y*
- 12.33%
- ALL TIME*
- 11.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.64M | $84.10M | $93.93M | |
| $13.71M | $14.43M | $20.93M |
CCOI vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCOI Cogent Communications Holdings, Inc. | -37.25% | -70.14% | 7.19% | 41.23% | -17.20% | 27.78% | -5.33% | 51.98% | 4.25% | 14.33% |
ARCC Ares Capital Corporation | -2.30% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
Correlation
The correlation between CCOI and ARCC is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2004 | 0.29 |
The correlation between CCOI and ARCC shifts across timeframes, from 0.16 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CCOI:
$676.05M
ARCC:
$13.47B
CCOI:
-$3.56
ARCC:
$1.35
CCOI:
0.68
ARCC:
6.28
CCOI:
$948.70M
ARCC:
$2.13B
CCOI:
$307.44M
ARCC:
$1.36B
CCOI:
$187.51M
ARCC:
$1.26B
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Return for Risk
CCOI vs. ARCC — Risk / Return Rank
CCOI
ARCC
CCOI vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cogent Communications Holdings, Inc. (CCOI) 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.
| CCOI | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.94 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.50 | -0.42 |
| Martin ratioReturn relative to average drawdown | -1.40 | -0.91 | -0.49 |
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Drawdowns
CCOI vs. ARCC - Drawdown Comparison
The maximum CCOI drawdown since its inception was -96.72%, which is greater than ARCC's maximum drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for CCOI and ARCC.
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Drawdown Indicators
| CCOI | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.72% | -79.36% | -17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -75.60% | -17.35% | -58.25% |
Max Drawdown (3Y)Largest decline over 3 years | -86.09% | -19.35% | -66.74% |
Max Drawdown (5Y)Largest decline over 5 years | -86.09% | -21.76% | -64.33% |
Max Drawdown (10Y)Largest decline over 10 years | -86.09% | -56.77% | -29.32% |
Current DrawdownCurrent decline from peak | -82.88% | -11.07% | -71.81% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -9.12% | -51.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.65% | 9.51% | +40.14% |
Volatility
CCOI vs. ARCC - Volatility Comparison
Cogent Communications Holdings, Inc. (CCOI) has a higher volatility of 25.36% compared to Ares Capital Corporation (ARCC) at 4.33%. This indicates that CCOI's price experiences larger fluctuations and is considered to be riskier 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
| CCOI | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.36% | 4.33% | +21.03% |
Volatility (6M)Calculated over the trailing 6-month period | 72.38% | 14.79% | +57.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.08% | 18.86% | +71.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.51% | 19.97% | +29.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.87% | 25.58% | +16.29% |
Dividends
CCOI vs. ARCC - Dividend Comparison
CCOI's dividend yield for the trailing twelve months is around 7.96%, less than ARCC's 10.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 10.23% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
CCOI Cogent Communications Holdings, Inc. | 7.96% | 14.15% | 5.09% | 4.94% | 6.23% | 4.33% | 4.64% | 3.71% | 4.69% | 3.97% | 3.65% | 4.21% |
Financials
CCOI vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between Cogent Communications Holdings, Inc. and Ares Capital 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
CCOI vs. ARCC - Profitability Comparison
CCOI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Cogent Communications Holdings, Inc. reported a gross profit of 109.96M and revenue of 239.19M. Therefore, the gross margin over that period was 46.0%.
ARCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Ares Capital Corporation reported a gross profit of 408.00M and revenue of 581.00M. Therefore, the gross margin over that period was 70.2%.
CCOI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Cogent Communications Holdings, Inc. reported an operating income of -13.51M and revenue of 239.19M, resulting in an operating margin of -5.7%.
ARCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Ares Capital Corporation reported an operating income of 394.00M and revenue of 581.00M, resulting in an operating margin of 67.8%.
CCOI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Cogent Communications Holdings, Inc. reported a net income of -39.54M and revenue of 239.19M, resulting in a net margin of -16.5%.
ARCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Ares Capital Corporation reported a net income of 171.00M and revenue of 581.00M, resulting in a net margin of 29.4%.
Frequently Asked Questions
CCOI and ARCC have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCOI has higher volatility (25.36%) compared to ARCC (4.33%). In terms of maximum drawdown, CCOI dropped -96.72% vs ARCC's -79.36%.
ARCC currently has the higher Sharpe Ratio (-0.46 vs -0.77), 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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