LIEN vs. ARCC

Last updated Apr 1, 2026

Compare and contrast key facts about Chicago Atlantic BDC, Inc (LIEN) and Ares Capital Corporation (ARCC).

Performance

LIEN vs. ARCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chicago Atlantic BDC, Inc (LIEN) and Ares Capital Corporation (ARCC). The values are adjusted to include any dividend payments, if applicable.

LIEN vs. ARCC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LIEN Chicago Atlantic BDC, Inc	-6.23%	-3.99%	58.63%	-1.09%	-30.00%
ARCC Ares Capital Corporation	-8.49%	1.07%	19.78%	20.03%	-8.01%

Fundamentals

Market Cap LIEN : $213.14M ARCC : $12.60B
EPS LIEN : $1.10 ARCC : $1.64
PE Ratio LIEN : 8.51 ARCC : 11.00
PEG Ratio LIEN : 0.08 ARCC : 1.65
PS Ratio LIEN : 0.01 ARCC : 6.71
PB Ratio LIEN : 0.00 ARCC : 0.88
Total Revenue (TTM) LIEN : $14.26B ARCC : $1.88B
Gross Profit (TTM) LIEN : $29.54M ARCC : $1.18B
EBITDA (TTM) LIEN : $25.03M ARCC : $1.08B

Returns By Period

In the year-to-date period, LIEN achieves a -6.23% return, which is significantly higher than ARCC's -8.49% return.

LIEN

• 1D: 0.32%
• 1M: -3.42%
• YTD: -6.23%
• 6M: -4.66%
• 1Y: -5.25%
• 3Y*: 14.63%
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LIEN vs. ARCC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIEN

LIEN Risk / Return Rank: 27
LIEN Sharpe Ratio Rank: 32
LIEN Sortino Ratio Rank: 27
LIEN Omega Ratio Rank: 27
LIEN Calmar Ratio Rank: 25
LIEN Martin Ratio Rank: 22

ARCC

ARCC Risk / Return Rank: 21
ARCC Sharpe Ratio Rank: 22
ARCC Sortino Ratio Rank: 20
ARCC Omega Ratio Rank: 20
ARCC Calmar Ratio Rank: 25
ARCC Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LIEN vs. ARCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chicago Atlantic BDC, Inc (LIEN) 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.

	LIEN	ARCC	Difference
Sharpe ratio Return per unit of total volatility	-0.19	-0.46	+0.26
Sortino ratio Return per unit of downside risk	-0.09	-0.51	+0.42
Omega ratio Gain probability vs. loss probability	0.99	0.93	+0.06
Calmar ratio Return relative to maximum drawdown	-0.50	-0.54	+0.05
Martin ratio Return relative to average drawdown	-1.03	-1.12	+0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIEN vs. ARCC - Sharpe Ratio Comparison

The current LIEN Sharpe Ratio is -0.19, which is higher than the ARCC Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of LIEN and ARCC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LIEN	ARCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	-0.46	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.37	-0.38

Correlation

The correlation between LIEN and ARCC is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

LIEN vs. ARCC - Dividend Comparison

LIEN's dividend yield for the trailing twelve months is around 14.56%, more than ARCC's 10.65% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIEN Chicago Atlantic BDC, Inc	14.56%	13.17%	8.95%	15.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

LIEN vs. ARCC - Drawdown Comparison

The maximum LIEN drawdown since its inception was -46.91%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for LIEN and ARCC.

Drawdown Indicators

	LIEN	ARCC	Difference
Max Drawdown Largest peak-to-trough decline	-46.91%	-79.36%	+32.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.92%	-19.35%	+6.43%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.77%	—
Current Drawdown Current decline from peak	-14.92%	-16.71%	+1.79%
Average Drawdown Average peak-to-trough decline	-20.50%	-9.07%	-11.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.60%	9.33%	-2.73%

Volatility

LIEN vs. ARCC - Volatility Comparison

Chicago Atlantic BDC, Inc (LIEN) and Ares Capital Corporation (ARCC) have volatilities of 6.37% and 6.61%, 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.

Volatility by Period

	LIEN	ARCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	6.61%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	16.32%	15.16%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	27.41%	23.48%	+3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.86%	19.88%	+19.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.86%	25.53%	+14.33%

Financials

LIEN vs. ARCC - Profitability Comparison

The chart below illustrates the profitability comparison between Chicago Atlantic BDC, Inc and Ares Capital Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LIEN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Chicago Atlantic BDC, Inc reported a gross profit of 0.00 and revenue of 14.23B. Therefore, the gross margin over that period was 0.0%.

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%.

LIEN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Chicago Atlantic BDC, Inc reported an operating income of 0.00 and revenue of 14.23B, resulting in an operating margin of 0.0%.

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%.

LIEN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Chicago Atlantic BDC, Inc reported a net income of 0.00 and revenue of 14.23B, resulting in a net margin of 0.0%.

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%.