OPRA vs. ARES
OPRA (Opera Limited) and ARES (Ares Management Corporation) are both stocks. OPRA operates in Internet Content & Information (Communication Services), while ARES operates in Asset Management (Financial Services). Over the past 5 years, OPRA returned 17.20%/yr vs 21.68%/yr for ARES. At a 0.29 correlation, their price movements are largely independent.
Performance
OPRA vs. ARES - Performance Comparison
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Returns By Period
In the year-to-date period, OPRA achieves a 31.99% return, which is significantly higher than ARES's -15.40% return.
OPRA
- 1D
- 2.31%
- 1M
- 0.44%
- YTD
- 31.99%
- 6M
- 30.97%
- 1Y
- 3.53%
- 3Y*
- 4.25%
- 5Y*
- 17.20%
- 10Y*
- —
ARES
- 1D
- 1.57%
- 1M
- 9.31%
- YTD
- -15.40%
- 6M
- -20.42%
- 1Y
- -15.88%
- 3Y*
- 16.02%
- 5Y*
- 21.68%
- 10Y*
- 31.19%
OPRA vs. ARES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OPRA Opera Limited | 31.99% | -22.08% | 52.02% | 140.60% | -10.91% | -22.67% | -1.30% | 66.37% | -61.23% |
ARES Ares Management Corporation | -15.40% | -5.72% | 52.68% | 79.52% | -12.75% | 77.75% | 37.37% | 110.13% | -12.47% |
Correlation
The correlation between OPRA and ARES is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.29 |
Fundamentals
OPRA:
$1.26
ARES:
$2.83
OPRA:
14.39
ARES:
47.65
OPRA:
0.06
ARES:
1.90
OPRA:
2.55
ARES:
4.71
OPRA:
$647.66M
ARES:
$6.31B
OPRA:
$378.92M
ARES:
$4.46B
OPRA:
$154.47M
ARES:
$2.42B
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Return for Risk
OPRA vs. ARES — Risk / Return Rank
OPRA
ARES
OPRA vs. ARES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opera Limited (OPRA) and Ares Management Corporation (ARES). 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.
| OPRA | ARES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.95 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | -0.37 | +0.38 |
| Martin ratioReturn relative to average drawdown | 0.02 | -0.72 | +0.74 |
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Drawdowns
OPRA vs. ARES - Drawdown Comparison
The maximum OPRA drawdown since its inception was -72.85%, which is greater than ARES's maximum drawdown of -49.73%. Use the drawdown chart below to compare losses from any high point for OPRA and ARES.
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Drawdown Indicators
| OPRA | ARES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.85% | -49.73% | -23.12% |
Max Drawdown (1Y)Largest decline over 1 year | -41.28% | -49.05% | +7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -61.68% | -49.73% | -11.95% |
Max Drawdown (5Y)Largest decline over 5 years | -62.86% | -49.73% | -13.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.73% | — |
Current DrawdownCurrent decline from peak | -25.67% | -28.77% | +3.10% |
Average DrawdownAverage peak-to-trough decline | -41.08% | -11.33% | -29.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.43% | 25.00% | -1.57% |
Volatility
OPRA vs. ARES - Volatility Comparison
The current volatility for Opera Limited (OPRA) is 8.88%, while Ares Management Corporation (ARES) has a volatility of 11.97%. This indicates that OPRA experiences smaller price fluctuations and is considered to be less risky than ARES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPRA | ARES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.88% | 11.97% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 39.19% | 35.10% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.09% | 41.35% | +10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.45% | 37.37% | +23.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.30% | 36.71% | +27.59% |
Dividends
OPRA vs. ARES - Dividend Comparison
OPRA's dividend yield for the trailing twelve months is around 4.40%, more than ARES's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 4.12% | 3.29% | 2.10% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 5.65% | 4.32% | 6.81% |
OPRA Opera Limited | 4.40% | 5.65% | 4.22% | 8.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
OPRA vs. ARES - Financials Comparison
This section allows you to compare key financial metrics between Opera Limited and Ares Management 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
OPRA vs. ARES - Profitability Comparison
OPRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Opera Limited reported a gross profit of 111.02M and revenue of 175.77M. Therefore, the gross margin over that period was 63.2%.
ARES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ares Management Corporation reported a gross profit of 1.47B and revenue of 1.53B. Therefore, the gross margin over that period was 96.1%.
OPRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Opera Limited reported an operating income of 30.43M and revenue of 175.77M, resulting in an operating margin of 17.3%.
ARES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ares Management Corporation reported an operating income of 364.95M and revenue of 1.53B, resulting in an operating margin of 23.8%.
OPRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Opera Limited reported a net income of 24.79M and revenue of 175.77M, resulting in a net margin of 14.1%.
ARES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ares Management Corporation reported a net income of 142.59M and revenue of 1.53B, resulting in a net margin of 9.3%.
Frequently Asked Questions
OPRA and ARES have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARES has higher volatility (11.97%) compared to OPRA (8.88%). In terms of maximum drawdown, OPRA dropped -72.85% vs ARES's -49.73%.
OPRA currently has the higher Sharpe Ratio (0.01 vs -0.44), 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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