NREF vs. ARCC
Compare and contrast key facts about NexPoint Real Estate Finance, Inc. (NREF) and Ares Capital Corporation (ARCC).
Performance
NREF vs. ARCC - Performance Comparison
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NREF vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NREF NexPoint Real Estate Finance, Inc. | -0.84% | 2.28% | 13.51% | 17.36% | -8.90% | 27.81% | -2.81% |
ARCC Ares Capital Corporation | -8.49% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | -2.18% |
Fundamentals
NREF:
$656.92M
ARCC:
$12.60B
NREF:
$2.43
ARCC:
$1.64
NREF:
5.55
ARCC:
11.00
NREF:
0.05
ARCC:
1.65
NREF:
4.32
ARCC:
6.71
NREF:
1.69
ARCC:
0.88
NREF:
$137.38M
ARCC:
$1.88B
NREF:
$128.63M
ARCC:
$1.18B
NREF:
$171.37M
ARCC:
$1.08B
Returns By Period
In the year-to-date period, NREF achieves a -0.84% return, which is significantly higher than ARCC's -8.49% return.
NREF
- 1D
- 0.67%
- 1M
- -3.77%
- YTD
- -0.84%
- 6M
- 1.86%
- 1Y
- 0.85%
- 3Y*
- 9.52%
- 5Y*
- 5.49%
- 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%
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Return for Risk
NREF vs. ARCC — Risk / Return Rank
NREF
ARCC
NREF vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Real Estate Finance, Inc. (NREF) 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.
| NREF | ARCC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | -0.46 | +0.49 |
Sortino ratioReturn per unit of downside risk | 0.24 | -0.51 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.93 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.54 | +0.63 |
Martin ratioReturn relative to average drawdown | 0.23 | -1.12 | +1.35 |
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
| NREF | ARCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | -0.46 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.44 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.37 | -0.22 |
Correlation
The correlation between NREF and ARCC is 0.35, 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
NREF vs. ARCC - Dividend Comparison
NREF's dividend yield for the trailing twelve months is around 14.85%, more than ARCC's 10.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NREF NexPoint Real Estate Finance, Inc. | 14.85% | 14.20% | 12.75% | 17.40% | 12.59% | 9.87% | 8.59% | 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
NREF vs. ARCC - Drawdown Comparison
The maximum NREF drawdown since its inception was -66.09%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for NREF and ARCC.
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Drawdown Indicators
| NREF | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.09% | -79.36% | +13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.80% | -19.35% | +4.55% |
Max Drawdown (5Y)Largest decline over 5 years | -44.78% | -21.76% | -23.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.77% | — |
Current DrawdownCurrent decline from peak | -10.35% | -16.71% | +6.36% |
Average DrawdownAverage peak-to-trough decline | -17.20% | -9.07% | -8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 9.33% | -2.65% |
Volatility
NREF vs. ARCC - Volatility Comparison
NexPoint Real Estate Finance, Inc. (NREF) has a higher volatility of 8.66% compared to Ares Capital Corporation (ARCC) at 6.61%. This indicates that NREF'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.
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Volatility by Period
| NREF | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 6.61% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.31% | 15.16% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.59% | 23.48% | +5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.24% | 19.88% | +13.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.26% | 25.53% | +20.73% |
Financials
NREF vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between NexPoint Real Estate Finance, 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
NREF vs. ARCC - Profitability Comparison
NREF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NexPoint Real Estate Finance, Inc. reported a gross profit of 44.95M and revenue of 44.95M. Therefore, the gross margin over that period was 100.0%.
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%.
NREF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NexPoint Real Estate Finance, Inc. reported an operating income of -20.55M and revenue of 44.95M, resulting in an operating margin of -45.7%.
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%.
NREF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NexPoint Real Estate Finance, Inc. reported a net income of 23.12M and revenue of 44.95M, resulting in a net margin of 51.5%.
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%.