LIEN vs. ARCC

Last updated Jun 4, 2026

LIEN (Chicago Atlantic BDC, Inc) and ARCC (Ares Capital Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 3 years, LIEN returned 20.11%/yr vs 9.07%/yr for ARCC. At a 0.01 correlation, their price movements are largely independent.

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.

Returns By Period

In the year-to-date period, LIEN achieves a -1.41% return, which is significantly higher than ARCC's -5.14% return.

LIEN

• 1D: -0.30%
• 1M: 5.25%
• YTD: -1.41%
• 6M: -2.27%
• 1Y: 7.76%
• 3Y*: 20.11%
• 5Y*: —
• 10Y*: —

ARCC

• 1D: -1.53%
• 1M: -2.61%
• YTD: -5.14%
• 6M: -5.66%
• 1Y: -6.58%
• 3Y*: 9.07%
• 5Y*: 8.64%
• 10Y*: 12.56%

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

LIEN vs. ARCC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LIEN Chicago Atlantic BDC, Inc	-1.41%	-3.99%	58.63%	-1.09%	-30.00%
ARCC Ares Capital Corporation	-5.14%	1.07%	19.78%	20.03%	-8.01%

Correlation

The correlation between LIEN and ARCC is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022	0.01

Fundamentals

Market Cap LIEN : $224.10M ARCC : $13.41B
EPS LIEN : $1.50 ARCC : $1.63
PE Ratio LIEN : 6.55 ARCC : 11.46
PEG Ratio LIEN : 0.06 ARCC : 1.72
PS Ratio LIEN : 4.60 ARCC : 5.01
PB Ratio LIEN : 0.74 ARCC : 0.95
Total Revenue (TTM) LIEN : $48.69M ARCC : $2.63B
Gross Profit (TTM) LIEN : $44.09M ARCC : $1.86B
EBITDA (TTM) LIEN : $35.22M ARCC : $2.05B

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: 50
LIEN Sharpe Ratio Rank: 51
LIEN Sortino Ratio Rank: 45
LIEN Omega Ratio Rank: 45
LIEN Calmar Ratio Rank: 53
LIEN Martin Ratio Rank: 54

ARCC

ARCC Risk / Return Rank: 25
ARCC Sharpe Ratio Rank: 25
ARCC Sortino Ratio Rank: 21
ARCC Omega Ratio Rank: 22
ARCC Calmar Ratio Rank: 29
ARCC Martin Ratio Rank: 29

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	0.28	-0.36	+0.64
Sortino ratio Return per unit of downside risk	0.62	-0.38	+1.00
Omega ratio Gain probability vs. loss probability	1.08	0.95	+0.12
Calmar ratio Return relative to maximum drawdown	0.54	-0.34	+0.88
Martin ratio Return relative to average drawdown	1.19	-0.63	+1.82
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 0.28, which is higher than the ARCC Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of LIEN and ARCC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LIEN	ARCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	-0.36	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.37	-0.35

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	-14.35%	-19.35%	+5.00%
Max Drawdown (3Y) Largest decline over 3 years	-22.49%	-19.35%	-3.14%
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	-10.54%	-13.66%	+3.12%
Average Drawdown Average peak-to-trough decline	-20.21%	-9.10%	-11.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.53%	10.48%	-3.95%

Volatility

LIEN vs. ARCC - Volatility Comparison

Chicago Atlantic BDC, Inc (LIEN) has a higher volatility of 9.96% compared to Ares Capital Corporation (ARCC) at 3.94%. This indicates that LIEN'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.

Volatility by Period

	LIEN	ARCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.96%	3.94%	+6.02%
Volatility (6M) Calculated over the trailing 6-month period	17.47%	14.71%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	27.55%	18.40%	+9.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.44%	19.96%	+19.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.44%	25.58%	+13.86%

Dividends

LIEN vs. ARCC - Dividend Comparison

LIEN's dividend yield for the trailing twelve months is around 13.85%, more than ARCC's 10.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARCC Ares Capital Corporation	10.28%	9.49%	8.77%	9.59%	10.12%	7.65%	9.47%	9.01%	9.88%	9.67%	9.22%	11.02%
LIEN Chicago Atlantic BDC, Inc	13.85%	13.17%	8.95%	15.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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 Jun 2026, Chicago Atlantic BDC, Inc reported a gross profit of 12.58M and revenue of 16.70M. Therefore, the gross margin over that period was 75.3%.

ARCC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

LIEN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chicago Atlantic BDC, Inc reported an operating income of 9.56M and revenue of 16.70M, resulting in an operating margin of 57.2%.

ARCC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ares Capital Corporation reported an operating income of 404.00M and revenue of 763.00M, resulting in an operating margin of 53.0%.

LIEN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chicago Atlantic BDC, Inc reported a net income of 8.54M and revenue of 16.70M, resulting in a net margin of 51.1%.

ARCC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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

Can I hold both LIEN and ARCC in my portfolio?

LIEN and ARCC have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIEN or ARCC?

LIEN has higher volatility (9.96%) compared to ARCC (3.94%). In terms of maximum drawdown, LIEN dropped -46.91% vs ARCC's -79.36%.

Which has better risk-adjusted returns?

LIEN currently has the higher Sharpe Ratio (0.28 vs -0.36), 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.