ET vs. ARCC
ET (Energy Transfer LP) and ARCC (Ares Capital Corporation) are both stocks. ET operates in Oil & Gas Midstream (Energy), while ARCC operates in Asset Management (Financial Services). Over the past 10 years, ET returned 13.08%/yr vs 12.83%/yr for ARCC. At a 0.32 correlation, their price movements are largely independent.
Performance
ET vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, ET achieves a 21.54% return, which is significantly higher than ARCC's -4.69% return. Both investments have delivered pretty close results over the past 10 years, with ET having a 13.08% annualized return and ARCC not far behind at 12.83%.
ET
- 1D
- -0.26%
- 1M
- -0.00%
- YTD
- 21.54%
- 6M
- 19.30%
- 1Y
- 16.21%
- 3Y*
- 24.40%
- 5Y*
- 21.43%
- 10Y*
- 13.08%
ARCC
- 1D
- -0.11%
- 1M
- -1.26%
- YTD
- -4.69%
- 6M
- -6.11%
- 1Y
- -7.10%
- 3Y*
- 9.21%
- 5Y*
- 8.47%
- 10Y*
- 12.83%
ET vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 21.54% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
ARCC Ares Capital Corporation | -4.69% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
Correlation
The correlation between ET and ARCC is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2006 | 0.32 |
Over the past year, the correlation between ET and ARCC has dropped to 0.08 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
Fundamentals
ET:
$66.87B
ARCC:
$13.48B
ET:
$1.36
ARCC:
$1.63
ET:
14.21
ARCC:
11.51
ET:
0.77
ARCC:
5.03
ET:
1.34
ARCC:
0.96
ET:
$89.38B
ARCC:
$2.63B
ET:
$20.48B
ARCC:
$1.86B
ET:
$13.02B
ARCC:
$2.05B
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Return for Risk
ET vs. ARCC — Risk / Return Rank
ET
ARCC
ET vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Energy Transfer LP (ET) 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.
| ET | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.95 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.37 | +1.99 |
| Martin ratioReturn relative to average drawdown | 3.55 | -0.67 | +4.22 |
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
| ET | ARCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | -0.39 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.43 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.50 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.37 | -0.02 |
Drawdowns
ET vs. ARCC - Drawdown Comparison
The maximum ET drawdown since its inception was -87.81%, which is greater than ARCC's maximum drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for ET and ARCC.
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Drawdown Indicators
| ET | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.81% | -79.36% | -8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -19.35% | +9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -19.35% | -5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -25.82% | -21.76% | -4.06% |
Max Drawdown (10Y)Largest decline over 10 years | -72.82% | -56.77% | -16.05% |
Current DrawdownCurrent decline from peak | -5.15% | -13.24% | +8.09% |
Average DrawdownAverage peak-to-trough decline | -25.74% | -9.10% | -16.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 10.58% | -6.01% |
Volatility
ET vs. ARCC - Volatility Comparison
Energy Transfer LP (ET) has a higher volatility of 5.27% compared to Ares Capital Corporation (ARCC) at 3.82%. This indicates that ET'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
| ET | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 3.82% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 14.73% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.12% | 18.45% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.87% | 19.97% | +4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.02% | 25.59% | +9.43% |
Dividends
ET vs. ARCC - Dividend Comparison
ET's dividend yield for the trailing twelve months is around 6.90%, 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% |
ET Energy Transfer LP | 6.90% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
Financials
ET vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between Energy Transfer LP 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
ET vs. ARCC - Profitability Comparison
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a gross profit of 6.62B and revenue of 27.77B. Therefore, the gross margin over that period was 23.9%.
ARCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ares Capital Corporation reported a gross profit of 550.00M and revenue of 763.00M. Therefore, the gross margin over that period was 72.1%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported an operating income of 2.98B and revenue of 27.77B, resulting in an operating margin of 10.7%.
ARCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ares Capital Corporation reported an operating income of 404.00M and revenue of 763.00M, resulting in an operating margin of 53.0%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a net income of 1.25B and revenue of 27.77B, resulting in a net margin of 4.5%.
ARCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ares Capital Corporation reported a net income of 92.00M and revenue of 763.00M, resulting in a net margin of 12.1%.
Frequently Asked Questions
ET and ARCC have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ET has higher volatility (5.27%) compared to ARCC (3.82%). In terms of maximum drawdown, ET dropped -87.81% vs ARCC's -79.36%.
ET currently has the higher Sharpe Ratio (1.01 vs -0.39), 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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