FRU.TO vs. ARCC
FRU.TO (Freehold Royalties Ltd.) and ARCC (Ares Capital Corporation) are both stocks. FRU.TO operates in Oil & Gas E&P (Energy), while ARCC operates in Asset Management (Financial Services). Over the past 10 years, FRU.TO returned 10.46%/yr vs 13.26%/yr for ARCC. At a 0.22 correlation, their price movements are largely independent.
Performance
FRU.TO vs. ARCC - Performance Comparison
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Different Trading Currencies
FRU.TO is traded in CAD, while ARCC is traded in USD. To make them comparable, the ARCC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FRU.TO achieves a 12.38% return, which is significantly higher than ARCC's 1.19% return. Over the past 10 years, FRU.TO has underperformed ARCC with an annualized return of 10.46%, while ARCC has yielded a comparatively higher 13.26% annualized return.
FRU.TO
- 1D
- -0.84%
- 1M
- 1.17%
- 6M
- 8.18%
- YTD
- 12.38%
- 1Y
- 33.83%
- 3Y*
- 13.40%
- 5Y*
- 21.95%
- 10Y*
- 10.46%
- ALL TIME*
- 6.86%
ARCC
- 1D
- -1.12%
- 1M
- 4.67%
- 6M
- -3.42%
- YTD
- 1.19%
- 1Y
- -8.02%
- 3Y*
- 11.11%
- 5Y*
- 10.96%
- 10Y*
- 13.26%
- ALL TIME*
- 12.60%
FRU.TO vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRU.TO Freehold Royalties Ltd. | 12.38% | 28.81% | 0.98% | -6.86% | 45.15% | 135.56% | -23.28% | -4.58% | -37.77% | 3.37% |
ARCC Ares Capital Corporation | 1.19% | -3.55% | 29.92% | 17.18% | 2.25% | 36.07% | -1.53% | 25.89% | 17.96% | -2.58% |
Correlation
The correlation between FRU.TO and ARCC is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2006 | 0.22 |
The correlation between FRU.TO and ARCC shifts across timeframes, from -0.03 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FRU.TO:
CA$2.71B
ARCC:
$13.63B
FRU.TO:
CA$0.55
ARCC:
$1.62
FRU.TO:
30.27
ARCC:
11.70
FRU.TO:
1.28
ARCC:
1.75
FRU.TO:
9.03
ARCC:
5.11
FRU.TO:
2.72
ARCC:
0.97
FRU.TO:
CA$300.21M
ARCC:
$2.63B
FRU.TO:
CA$185.62M
ARCC:
$1.86B
FRU.TO:
CA$242.63M
ARCC:
$2.05B
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Return for Risk
FRU.TO vs. ARCC — Risk / Return Rank
FRU.TO
ARCC
FRU.TO vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freehold Royalties Ltd. (FRU.TO) 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.
| FRU.TO | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.94 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.44 | +3.44 |
| Martin ratioReturn relative to average drawdown | 9.68 | -0.83 | +10.51 |
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Drawdowns
FRU.TO vs. ARCC - Drawdown Comparison
The maximum FRU.TO drawdown since its inception was -86.95%, which is greater than ARCC's maximum drawdown of -77.46%. Use the drawdown chart below to compare losses from any high point for FRU.TO and ARCC.
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Drawdown Indicators
| FRU.TO | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.95% | -77.46% | -9.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | -18.44% | +7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -22.21% | -23.26% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -28.41% | -23.26% | -5.15% |
Max Drawdown (10Y)Largest decline over 10 years | -81.41% | -53.01% | -28.40% |
Current DrawdownCurrent decline from peak | -7.06% | -12.48% | +5.42% |
Average DrawdownAverage peak-to-trough decline | -27.39% | -10.19% | -17.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 10.60% | -7.10% |
Volatility
FRU.TO vs. ARCC - Volatility Comparison
Freehold Royalties Ltd. (FRU.TO) has a higher volatility of 5.01% compared to Ares Capital Corporation (ARCC) at 3.86%. This indicates that FRU.TO'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
| FRU.TO | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 3.86% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 14.54% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.45% | 18.92% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.68% | 20.85% | +7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.16% | 26.16% | +9.00% |
Dividends
FRU.TO vs. ARCC - Dividend Comparison
FRU.TO's dividend yield for the trailing twelve months is around 6.53%, less than ARCC's 10.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 10.12% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
FRU.TO Freehold Royalties Ltd. | 6.53% | 7.11% | 8.44% | 7.89% | 6.13% | 4.21% | 5.71% | 8.64% | 7.56% | 4.13% | 3.81% | 9.21% |
Financials
FRU.TO vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between Freehold Royalties Ltd. 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
FRU.TO vs. ARCC - Profitability Comparison
FRU.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Freehold Royalties Ltd. reported a gross profit of 52.96M and revenue of 77.82M. Therefore, the gross margin over that period was 68.1%.
ARCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
FRU.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Freehold Royalties Ltd. reported an operating income of 40.33M and revenue of 77.82M, resulting in an operating margin of 51.8%.
ARCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ares Capital Corporation reported an operating income of 404.00M and revenue of 763.00M, resulting in an operating margin of 53.0%.
FRU.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Freehold Royalties Ltd. reported a net income of 35.11M and revenue of 77.82M, resulting in a net margin of 45.1%.
ARCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
FRU.TO and ARCC have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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