IEP vs. ARCC
Compare and contrast key facts about Icahn Enterprises L.P. (IEP) and Ares Capital Corporation (ARCC).
Performance
IEP vs. ARCC - Performance Comparison
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IEP vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEP Icahn Enterprises L.P. | 6.57% | 8.23% | -37.79% | -58.78% | 18.76% | 12.87% | -3.55% | 20.44% | 18.98% | -1.17% |
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
IEP:
$0.07
ARCC:
$1.64
IEP:
108.41
ARCC:
11.00
IEP:
3.39
ARCC:
1.65
IEP:
0.30
ARCC:
6.71
IEP:
$9.49B
ARCC:
$1.88B
IEP:
$920.00M
ARCC:
$1.18B
IEP:
$685.00M
ARCC:
$1.08B
Returns By Period
In the year-to-date period, IEP achieves a 6.57% return, which is significantly higher than ARCC's -8.49% return. Over the past 10 years, IEP has underperformed ARCC with an annualized return of -5.47%, while ARCC has yielded a comparatively higher 11.92% annualized return.
IEP
- 1D
- 0.00%
- 1M
- -0.17%
- YTD
- 6.57%
- 6M
- 1.35%
- 1Y
- 4.86%
- 3Y*
- -34.67%
- 5Y*
- -18.85%
- 10Y*
- -5.47%
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%
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Return for Risk
IEP vs. ARCC — Risk / Return Rank
IEP
ARCC
IEP vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Icahn Enterprises L.P. (IEP) 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.
| IEP | ARCC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.16 | -0.46 | +0.62 |
Sortino ratioReturn per unit of downside risk | 0.46 | -0.51 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.06 | 0.93 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.54 | +0.74 |
Martin ratioReturn relative to average drawdown | 0.38 | -1.12 | +1.50 |
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
| IEP | ARCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | -0.46 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | 0.44 | -0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.15 | 0.47 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.37 | -0.22 |
Correlation
The correlation between IEP and ARCC is 0.25, 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
IEP vs. ARCC - Dividend Comparison
IEP's dividend yield for the trailing twelve months is around 26.49%, more than ARCC's 10.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEP Icahn Enterprises L.P. | 26.49% | 26.49% | 40.37% | 34.90% | 15.79% | 16.13% | 15.79% | 13.01% | 12.26% | 11.32% | 10.01% | 9.79% |
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
IEP vs. ARCC - Drawdown Comparison
The maximum IEP drawdown since its inception was -84.21%, which is greater than ARCC's maximum drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for IEP and ARCC.
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Drawdown Indicators
| IEP | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.21% | -79.36% | -4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -19.35% | +3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -77.56% | -21.76% | -55.80% |
Max Drawdown (10Y)Largest decline over 10 years | -77.56% | -56.77% | -20.79% |
Current DrawdownCurrent decline from peak | -72.69% | -16.71% | -55.98% |
Average DrawdownAverage peak-to-trough decline | -30.39% | -9.07% | -21.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.37% | 9.33% | -0.96% |
Volatility
IEP vs. ARCC - Volatility Comparison
The current volatility for Icahn Enterprises L.P. (IEP) is 5.64%, while Ares Capital Corporation (ARCC) has a volatility of 6.61%. This indicates that IEP 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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Volatility by Period
| IEP | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 6.61% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 18.76% | 15.16% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.67% | 23.48% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.99% | 19.88% | +21.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.54% | 25.53% | +11.01% |
Financials
IEP vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between Icahn Enterprises L.P. 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
IEP vs. ARCC - Profitability Comparison
IEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Icahn Enterprises L.P. reported a gross profit of 154.00M and revenue of 2.34B. Therefore, the gross margin over that period was 6.6%.
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%.
IEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Icahn Enterprises L.P. reported an operating income of -198.00M and revenue of 2.34B, resulting in an operating margin of -8.5%.
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%.
IEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Icahn Enterprises L.P. reported a net income of 315.00M and revenue of 2.34B, resulting in a net margin of 13.5%.
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%.