IGF vs. ARCC
IGF (iShares Global Infrastructure ETF) is Industrials Equities fund tracking the S&P Global Infrastructure Index, while ARCC (Ares Capital Corporation) is a stock. Over the past 10 years, IGF returned 8.67%/yr vs 13.20%/yr for ARCC. At a 0.50 correlation, their price movements are largely independent.
Performance
IGF vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, IGF achieves a 9.68% return, which is significantly higher than ARCC's -2.20% return. Over the past 10 years, IGF has underperformed ARCC with an annualized return of 8.67%, while ARCC has yielded a comparatively higher 13.20% annualized return.
IGF
- 1D
- 0.67%
- 1M
- 1.89%
- YTD
- 9.68%
- 6M
- 10.24%
- 1Y
- 17.04%
- 3Y*
- 16.28%
- 5Y*
- 10.22%
- 10Y*
- 8.67%
ARCC
- 1D
- 1.00%
- 1M
- 1.90%
- YTD
- -2.20%
- 6M
- -2.87%
- 1Y
- -3.87%
- 3Y*
- 10.27%
- 5Y*
- 9.04%
- 10Y*
- 13.20%
IGF vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 9.68% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
ARCC Ares Capital Corporation | -2.20% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
Correlation
The correlation between IGF and ARCC is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2007 | 0.50 |
Over the past year, the correlation between IGF and ARCC has dropped to 0.25 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
IGF vs. ARCC — Risk / Return Rank
IGF
ARCC
IGF vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) 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.
| IGF | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.97 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | -0.26 | +3.04 |
| Martin ratioReturn relative to average drawdown | 8.03 | -0.47 | +8.51 |
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Drawdowns
IGF vs. ARCC - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for IGF and ARCC.
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Drawdown Indicators
| IGF | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -79.36% | +21.03% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -19.35% | +13.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -19.35% | +5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -21.76% | +0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | -56.77% | +14.66% |
Current DrawdownCurrent decline from peak | -2.98% | -10.98% | +8.00% |
Average DrawdownAverage peak-to-trough decline | -11.86% | -9.10% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 10.68% | -8.64% |
Volatility
IGF vs. ARCC - Volatility Comparison
iShares Global Infrastructure ETF (IGF) and Ares Capital Corporation (ARCC) have volatilities of 3.85% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGF | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 3.72% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 8.73% | 14.83% | -6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 18.48% | -7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 19.96% | -5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 25.58% | -8.75% |
Dividends
IGF vs. ARCC - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 2.94%, less than ARCC's 9.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 7.48% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
IGF iShares Global Infrastructure ETF | 2.94% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
Frequently Asked Questions
IGF and ARCC have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGF has higher volatility (3.85%) compared to ARCC (3.72%). In terms of maximum drawdown, IGF dropped -58.33% vs ARCC's -79.36%.
IGF currently has the higher Sharpe Ratio (1.55 vs -0.27), 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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