FMCB vs. ARCC
Compare and contrast key facts about Farmers & Merchants Bancorp (FMCB) and Ares Capital Corporation (ARCC).
Performance
FMCB vs. ARCC - Performance Comparison
Loading graphics...
FMCB vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMCB Farmers & Merchants Bancorp | 2.14% | 6.83% | 2.04% | 2.51% | 11.29% | 28.38% | 1.00% | 11.65% | 5.62% | 7.90% |
ARCC Ares Capital Corporation | -8.49% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
Fundamentals
FMCB:
$789.86M
ARCC:
$12.60B
FMCB:
$133.85
ARCC:
$1.64
FMCB:
8.44
ARCC:
11.00
FMCB:
0.66
ARCC:
1.65
FMCB:
2.61
ARCC:
6.71
FMCB:
1.22
ARCC:
0.88
FMCB:
$303.13M
ARCC:
$1.88B
FMCB:
$239.29M
ARCC:
$1.18B
FMCB:
$131.09M
ARCC:
$1.08B
Returns By Period
In the year-to-date period, FMCB achieves a 2.14% return, which is significantly higher than ARCC's -8.49% return. Over the past 10 years, FMCB has underperformed ARCC with an annualized return of 9.07%, while ARCC has yielded a comparatively higher 11.92% annualized return.
FMCB
- 1D
- 1.80%
- 1M
- -4.48%
- YTD
- 2.14%
- 6M
- 10.61%
- 1Y
- 15.64%
- 3Y*
- 5.69%
- 5Y*
- 9.70%
- 10Y*
- 9.07%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FMCB vs. ARCC — Risk / Return Rank
FMCB
ARCC
FMCB vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmers & Merchants Bancorp (FMCB) 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.
| FMCB | ARCC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | -0.46 | +1.44 |
Sortino ratioReturn per unit of downside risk | 1.53 | -0.51 | +2.03 |
Omega ratioGain probability vs. loss probability | 1.21 | 0.93 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | -0.54 | +2.81 |
Martin ratioReturn relative to average drawdown | 6.13 | -1.12 | +7.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FMCB | ARCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | -0.46 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.44 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.47 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.37 | +0.03 |
Correlation
The correlation between FMCB and ARCC is 0.00, 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
FMCB vs. ARCC - Dividend Comparison
FMCB's dividend yield for the trailing twelve months is around 2.16%, less than ARCC's 10.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMCB Farmers & Merchants Bancorp | 2.16% | 1.74% | 1.71% | 1.62% | 1.54% | 1.59% | 1.94% | 1.85% | 1.99% | 2.00% | 2.05% | 2.39% |
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
FMCB vs. ARCC - Drawdown Comparison
The maximum FMCB drawdown since its inception was -42.00%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for FMCB and ARCC.
Loading graphics...
Drawdown Indicators
| FMCB | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.00% | -79.36% | +37.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.17% | -19.35% | +12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -21.76% | +4.85% |
Max Drawdown (10Y)Largest decline over 10 years | -25.24% | -56.77% | +31.53% |
Current DrawdownCurrent decline from peak | -5.41% | -16.71% | +11.30% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -9.07% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 9.33% | -6.68% |
Volatility
FMCB vs. ARCC - Volatility Comparison
The current volatility for Farmers & Merchants Bancorp (FMCB) is 5.11%, while Ares Capital Corporation (ARCC) has a volatility of 6.61%. This indicates that FMCB 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.
Loading graphics...
Volatility by Period
| FMCB | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 6.61% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.97% | 15.16% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 23.48% | -7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 19.88% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 25.53% | -4.15% |
Financials
FMCB vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between Farmers & Merchants Bancorp 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
FMCB vs. ARCC - Profitability Comparison
FMCB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Farmers & Merchants Bancorp reported a gross profit of 64.66M and revenue of 80.72M. Therefore, the gross margin over that period was 80.1%.
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%.
FMCB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Farmers & Merchants Bancorp reported an operating income of 32.45M and revenue of 80.72M, resulting in an operating margin of 40.2%.
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%.
FMCB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Farmers & Merchants Bancorp reported a net income of 23.82M and revenue of 80.72M, resulting in a net margin of 29.5%.
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%.