CPZ vs. ARCC
Compare and contrast key facts about Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) and Ares Capital Corporation (ARCC).
Performance
CPZ vs. ARCC - Performance Comparison
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CPZ vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CPZ Calamos Long/Short Equity & Dynamic Income Term Trust | -5.40% | 9.81% | 15.98% | 6.26% | -13.98% | 21.23% | -3.49% | -1.64% |
ARCC Ares Capital Corporation | -8.49% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 1.82% |
Fundamentals
CPZ:
$266.41M
ARCC:
$12.60B
CPZ:
$3.65
ARCC:
$1.64
CPZ:
3.72
ARCC:
11.00
CPZ:
0.05
ARCC:
1.65
CPZ:
3.10
ARCC:
6.71
CPZ:
0.82
ARCC:
0.88
CPZ:
$85.92M
ARCC:
$1.88B
CPZ:
$0.00
ARCC:
$1.18B
CPZ:
$84.82M
ARCC:
$1.08B
Returns By Period
In the year-to-date period, CPZ achieves a -5.40% return, which is significantly higher than ARCC's -8.49% return.
CPZ
- 1D
- 2.57%
- 1M
- -8.41%
- YTD
- -5.40%
- 6M
- -11.16%
- 1Y
- -2.78%
- 3Y*
- 7.35%
- 5Y*
- 2.77%
- 10Y*
- —
ARCC
- 1D
- 1.58%
- 1M
- -0.58%
- YTD
- -8.49%
- 6M
- -7.16%
- 1Y
- -10.69%
- 3Y*
- 9.35%
- 5Y*
- 8.75%
- 10Y*
- 11.92%
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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.
| CPZ | ARCC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.26 | -0.46 | +0.20 |
Sortino ratioReturn per unit of downside risk | -0.29 | -0.51 | +0.22 |
Omega ratioGain probability vs. loss probability | 0.97 | 0.93 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.54 | +0.40 |
Martin ratioReturn relative to average drawdown | -0.39 | -1.12 | +0.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPZ | ARCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | -0.46 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.44 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.37 | -0.21 |
Correlation
The correlation between CPZ and ARCC is 0.35, 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
CPZ vs. ARCC - Dividend Comparison
CPZ's dividend yield for the trailing twelve months is around 12.38%, more than ARCC's 10.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPZ Calamos Long/Short Equity & Dynamic Income Term Trust | 12.38% | 11.49% | 12.65% | 11.63% | 11.06% | 8.37% | 7.69% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
ARCC Ares Capital Corporation | 10.65% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
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 | -16.39% | -19.35% | +2.96% |
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 | -14.24% | -16.71% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -9.07% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.04% | 9.33% | -3.29% |
Volatility
CPZ vs. ARCC - Volatility Comparison
The current volatility for Calamos Long/Short Equity & Dynamic Income Term Trust (CPZ) is 4.69%, while Ares Capital Corporation (ARCC) has a volatility of 6.61%. This indicates that CPZ 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
| CPZ | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 6.61% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 15.16% | -8.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.82% | 23.48% | -12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 19.88% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 25.53% | -1.35% |
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
CPZ vs. ARCC - Profitability Comparison
CPZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Calamos Long/Short Equity & Dynamic Income Term Trust reported a gross profit of 0.00 and revenue of 26.13M. Therefore, the gross margin over that period was 0.0%.
ARCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ares Capital Corporation reported a gross profit of 43.48M and revenue of 202.00M. Therefore, the gross margin over that period was 21.5%.
CPZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Calamos Long/Short Equity & Dynamic Income Term Trust reported an operating income of 15.32M and revenue of 26.13M, resulting in an operating margin of 58.6%.
ARCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ares Capital Corporation reported an operating income of 26.85M and revenue of 202.00M, resulting in an operating margin of 13.3%.
CPZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Calamos Long/Short Equity & Dynamic Income Term Trust reported a net income of 12.40M and revenue of 26.13M, resulting in a net margin of 47.5%.
ARCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ares Capital Corporation reported a net income of 142.36M and revenue of 202.00M, resulting in a net margin of 70.5%.