CPZ vs. ARCC
CPZ (Calamos Long/Short Equity & Dynamic Income Term Trust) and ARCC (Ares Capital Corporation) are both stocks. Both are in the Financial Services sector — CPZ in Capital Markets, ARCC in Asset Management. Over the past 5 years, CPZ returned 2.45%/yr vs 8.57%/yr for ARCC. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
CPZ vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, CPZ achieves a -4.09% return, which is significantly lower than ARCC's -2.30% return.
CPZ
- 1D
- 0.46%
- 1M
- 2.40%
- 6M
- -5.13%
- YTD
- -4.09%
- 1Y
- -8.58%
- 3Y*
- 6.20%
- 5Y*
- 2.45%
- 10Y*
- —
- ALL TIME*
- 3.82%
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 | |
| $1.12M | $1.24M | $1.14M |
CPZ vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CPZ Calamos Long/Short Equity & Dynamic Income Term Trust | -4.09% | 9.81% | 15.98% | 6.26% | -13.98% | 21.23% | -3.49% | -1.69% |
ARCC Ares Capital Corporation | -2.30% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 1.82% |
Correlation
The correlation between CPZ and ARCC is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2019 | 0.34 |
The correlation between CPZ and ARCC shifts across timeframes, from 0.14 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CPZ:
$258.95M
ARCC:
$13.47B
CPZ:
$0.86
ARCC:
$1.35
CPZ:
15.27
ARCC:
13.89
CPZ:
0.21
ARCC:
2.08
CPZ:
3.71
ARCC:
6.28
CPZ:
0.87
ARCC:
0.97
CPZ:
$69.74M
ARCC:
$2.13B
CPZ:
$26.34M
ARCC:
$1.36B
CPZ:
$29.00M
ARCC:
$1.26B
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Return for Risk
CPZ vs. ARCC — Risk / Return Rank
CPZ
ARCC
CPZ vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) 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.
| CPZ | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.94 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.50 | +0.04 |
| Martin ratioReturn relative to average drawdown | -0.81 | -0.91 | +0.10 |
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Drawdowns
CPZ vs. ARCC - Drawdown Comparison
The maximum CPZ drawdown since its inception was -51.43%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for CPZ and ARCC.
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Drawdown Indicators
| CPZ | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.43% | -79.36% | +27.93% |
Max Drawdown (1Y)Largest decline over 1 year | -17.95% | -17.35% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -17.95% | -19.35% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -21.76% | -3.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.77% | — |
Current DrawdownCurrent decline from peak | -13.06% | -11.07% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -9.12% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.29% | 9.51% | +0.78% |
Volatility
CPZ vs. ARCC - Volatility Comparison
Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) and Ares Capital Corporation (ARCC) have volatilities of 4.19% and 4.33%, 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
| CPZ | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.33% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 14.79% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 18.86% | -7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 19.97% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.74% | 25.58% | -1.84% |
Dividends
CPZ vs. ARCC - Dividend Comparison
CPZ's dividend yield for the trailing twelve months is around 12.74%, more 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% |
CPZ Calamos Long/Short Equity & Dynamic Income Term Trust | 12.74% | 11.49% | 12.65% | 11.63% | 11.06% | 8.37% | 7.69% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CPZ vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between Calamos Long/Short Equity & Dynamic Income Term Trust 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
Frequently Asked Questions
CPZ and ARCC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARCC has higher volatility (4.33%) compared to CPZ (4.19%). In terms of maximum drawdown, CPZ dropped -51.43% vs ARCC's -79.36%.
ARCC currently has the higher Sharpe Ratio (-0.46 vs -0.74), 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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