CRVL vs. ARES

Last updated Jun 3, 2026

CRVL (CorVel Corporation) and ARES (Ares Management Corporation) are both stocks. Both are in the Financial Services sector — CRVL in Insurance Brokers, ARES in Asset Management. Over the past 10 years, CRVL returned 12.84%/yr vs 29.76%/yr for ARES. At a 0.23 correlation, their price movements are largely independent.

Performance

CRVL vs. ARES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CorVel Corporation (CRVL) 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, CRVL achieves a -14.87% return, which is significantly higher than ARES's -19.55% return. Over the past 10 years, CRVL has underperformed ARES with an annualized return of 12.84%, while ARES has yielded a comparatively higher 29.76% annualized return.

CRVL

• 1D: -7.53%
• 1M: 0.14%
• YTD: -14.87%
• 6M: -19.94%
• 1Y: -48.14%
• 3Y*: -5.46%
• 5Y*: 7.57%
• 10Y*: 12.84%

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)

CRVL vs. ARES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRVL CorVel Corporation	-14.87%	-39.18%	35.02%	70.10%	-30.13%	96.23%	21.34%	41.54%	16.67%	44.54%
ARES Ares Management Corporation	-19.55%	-5.72%	52.68%	79.52%	-12.75%	77.75%	37.37%	110.13%	-5.54%	10.72%

Correlation

The correlation between CRVL and ARES is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 5, 2014	0.23

The correlation between CRVL and ARES shifts across timeframes, from 0.13 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS CRVL : $2.14 ARES : $2.83
PE Ratio CRVL : 26.95 ARES : 45.31
PEG Ratio CRVL : 1.82 ARES : 1.81
PS Ratio CRVL : 3.10 ARES : 4.47
Total Revenue (TTM) CRVL : $958.53M ARES : $6.31B
Gross Profit (TTM) CRVL : $232.86M ARES : $4.46B
EBITDA (TTM) CRVL : $166.41M ARES : $2.42B

Return for Risk

CRVL vs. ARES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRVL

CRVL Risk / Return Rank: 6
CRVL Sharpe Ratio Rank: 2
CRVL Sortino Ratio Rank: 4
CRVL Omega Ratio Rank: 3
CRVL Calmar Ratio Rank: 9
CRVL Martin Ratio Rank: 11

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.

CRVL vs. ARES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CorVel Corporation (CRVL) 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.

	CRVL	ARES	Difference
Sharpe ratio Return per unit of total volatility	-1.18	-0.50	-0.68
Sortino ratio Return per unit of downside risk	-1.63	-0.47	-1.16
Omega ratio Gain probability vs. loss probability	0.75	0.94	-0.18
Calmar ratio Return relative to maximum drawdown	-0.82	-0.40	-0.42
Martin ratio Return relative to average drawdown	-1.28	-0.80	-0.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRVL vs. ARES - Sharpe Ratio Comparison

The current CRVL Sharpe Ratio is -1.18, which is lower than the ARES Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of CRVL 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

	CRVL	ARES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.18	-0.50	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.59	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.82	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.64	-0.26

Drawdowns

CRVL vs. ARES - Drawdown Comparison

The maximum CRVL drawdown since its inception was -67.12%, which is greater than ARES's maximum drawdown of -49.73%. Use the drawdown chart below to compare losses from any high point for CRVL and ARES.

Drawdown Indicators

	CRVL	ARES	Difference
Max Drawdown Largest peak-to-trough decline	-67.12%	-49.73%	-17.39%
Max Drawdown (1Y) Largest decline over 1 year	-58.86%	-49.05%	-9.81%
Max Drawdown (3Y) Largest decline over 3 years	-64.19%	-49.73%	-14.46%
Max Drawdown (5Y) Largest decline over 5 years	-64.19%	-49.73%	-14.46%
Max Drawdown (10Y) Largest decline over 10 years	-64.19%	-49.73%	-14.46%
Current Drawdown Current decline from peak	-55.15%	-32.26%	-22.89%
Average Drawdown Average peak-to-trough decline	-20.34%	-11.28%	-9.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.68%	24.39%	+13.29%

Volatility

CRVL vs. ARES - Volatility Comparison

CorVel Corporation (CRVL) has a higher volatility of 16.11% compared to Ares Management Corporation (ARES) at 8.04%. This indicates that CRVL'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

	CRVL	ARES	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.11%	8.04%	+8.07%
Volatility (6M) Calculated over the trailing 6-month period	39.00%	34.65%	+4.35%
Volatility (1Y) Calculated over the trailing 1-year period	40.92%	40.35%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.33%	37.17%	-3.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.49%	36.61%	-2.12%

Dividends

CRVL vs. ARES - Dividend Comparison

CRVL 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%
CRVL CorVel Corporation	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

CRVL vs. ARES - Profitability Comparison

The chart below illustrates the profitability comparison between CorVel Corporation and Ares Management Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CRVL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CorVel Corporation reported a gross profit of 63.01M and revenue of 248.55M. Therefore, the gross margin over that period was 25.4%.

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%.

CRVL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CorVel Corporation reported an operating income of 39.72M and revenue of 248.55M, resulting in an operating margin of 16.0%.

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%.

CRVL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CorVel Corporation reported a net income of 31.03M and revenue of 248.55M, resulting in a net margin of 12.5%.

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 CRVL and ARES in my portfolio?

CRVL and ARES have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRVL or ARES?

CRVL has higher volatility (16.11%) compared to ARES (8.04%). In terms of maximum drawdown, CRVL dropped -67.12% vs ARES's -49.73%.

Which has better risk-adjusted returns?

ARES currently has the higher Sharpe Ratio (-0.50 vs -1.18), 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.