Correlation
The correlation between GBDC and ARCC is 0.39, 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.
GBDC vs. ARCC
Compare and contrast key facts about Golub Capital BDC, Inc. (GBDC) and Ares Capital Corporation (ARCC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBDC or ARCC.
Performance
GBDC vs. ARCC - Performance Comparison
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Key characteristics
GBDC:
0.07
ARCC:
0.56
GBDC:
0.11
ARCC:
0.82
GBDC:
1.01
ARCC:
1.12
GBDC:
-0.02
ARCC:
0.54
GBDC:
-0.05
ARCC:
2.10
GBDC:
5.98%
ARCC:
4.85%
GBDC:
18.70%
ARCC:
20.77%
GBDC:
-48.15%
ARCC:
-79.40%
GBDC:
-4.78%
ARCC:
-7.25%
Fundamentals
GBDC:
$3.98B
ARCC:
$14.99B
GBDC:
$1.08
ARCC:
$2.04
GBDC:
13.84
ARCC:
10.58
GBDC:
1.51
ARCC:
3.95
GBDC:
4.80
ARCC:
4.96
GBDC:
0.98
ARCC:
1.10
GBDC:
$567.21M
ARCC:
$2.13B
GBDC:
$300.65M
ARCC:
$2.04B
GBDC:
$293.91M
ARCC:
$1.83B
Returns By Period
In the year-to-date period, GBDC achieves a 1.13% return, which is significantly higher than ARCC's 0.89% return. Over the past 10 years, GBDC has underperformed ARCC with an annualized return of 7.93%, while ARCC has yielded a comparatively higher 13.00% annualized return.
GBDC
1.13%
3.53%
2.60%
0.34%
14.72%
15.82%
7.93%
ARCC
0.89%
2.27%
2.61%
10.75%
16.09%
18.72%
13.00%
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Risk-Adjusted Performance
GBDC vs. ARCC — Risk-Adjusted Performance Rank
GBDC
ARCC
GBDC vs. ARCC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Golub Capital BDC, Inc. (GBDC) 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.
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Dividends
GBDC vs. ARCC - Dividend Comparison
GBDC's dividend yield for the trailing twelve months is around 8.83%, which matches ARCC's 8.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBDC Golub Capital BDC, Inc. | 8.83% | 12.14% | 10.00% | 9.35% | 7.58% | 8.37% | 5.91% | 8.49% | 7.47% | 8.32% | 7.70% | 7.14% |
ARCC Ares Capital Corporation | 8.89% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% | 10.06% |
Drawdowns
GBDC vs. ARCC - Drawdown Comparison
The maximum GBDC drawdown since its inception was -48.15%, smaller than the maximum ARCC drawdown of -79.40%. Use the drawdown chart below to compare losses from any high point for GBDC and ARCC.
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Volatility
GBDC vs. ARCC - Volatility Comparison
The current volatility for Golub Capital BDC, Inc. (GBDC) is 5.04%, while Ares Capital Corporation (ARCC) has a volatility of 5.82%. This indicates that GBDC 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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Financials
GBDC vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between Golub Capital BDC, Inc. 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
GBDC vs. ARCC - Profitability Comparison
GBDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Golub Capital BDC, Inc. reported a gross profit of 86.68M and revenue of 154.11M. Therefore, the gross margin over that period was 56.2%.
ARCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Ares Capital Corporation reported a gross profit of 505.00M and revenue of 599.00M. Therefore, the gross margin over that period was 84.3%.
GBDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Golub Capital BDC, Inc. reported an operating income of 78.84M and revenue of 154.11M, resulting in an operating margin of 51.2%.
ARCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Ares Capital Corporation reported an operating income of 434.00M and revenue of 599.00M, resulting in an operating margin of 72.5%.
GBDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Golub Capital BDC, Inc. reported a net income of 78.98M and revenue of 154.11M, resulting in a net margin of 51.3%.
ARCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Ares Capital Corporation reported a net income of 365.00M and revenue of 599.00M, resulting in a net margin of 60.9%.