RWAY vs. ARCC
Compare and contrast key facts about Runway Growth Finance Corp. (RWAY) and Ares Capital Corporation (ARCC).
Performance
RWAY vs. ARCC - Performance Comparison
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RWAY vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | -19.71% | -6.56% | 1.65% | 25.73% | -0.61% | 1.38% |
ARCC Ares Capital Corporation | -8.49% | 1.07% | 19.78% | 20.03% | -3.84% | 2.17% |
Fundamentals
RWAY:
$252.11M
ARCC:
$12.60B
RWAY:
$0.73
ARCC:
$1.64
RWAY:
9.44
ARCC:
11.00
RWAY:
0.72
ARCC:
1.65
RWAY:
2.64
ARCC:
6.71
RWAY:
0.52
ARCC:
0.88
RWAY:
$95.29M
ARCC:
$1.88B
RWAY:
$36.96M
ARCC:
$1.18B
RWAY:
$26.68M
ARCC:
$1.08B
Returns By Period
In the year-to-date period, RWAY achieves a -19.71% return, which is significantly lower than ARCC's -8.49% return.
RWAY
- 1D
- 0.73%
- 1M
- -7.48%
- YTD
- -19.71%
- 6M
- -26.98%
- 1Y
- -23.21%
- 3Y*
- -3.94%
- 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%
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Return for Risk
RWAY vs. ARCC — Risk / Return Rank
RWAY
ARCC
RWAY vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Runway Growth Finance Corp. (RWAY) 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.
| RWAY | ARCC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.85 | -0.46 | -0.39 |
Sortino ratioReturn per unit of downside risk | -1.08 | -0.51 | -0.57 |
Omega ratioGain probability vs. loss probability | 0.86 | 0.93 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.54 | -0.13 |
Martin ratioReturn relative to average drawdown | -1.75 | -1.12 | -0.63 |
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
| RWAY | ARCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | -0.46 | -0.39 |
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 | -0.03 | 0.37 | -0.40 |
Correlation
The correlation between RWAY and ARCC is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RWAY vs. ARCC - Dividend Comparison
RWAY's dividend yield for the trailing twelve months is around 19.94%, more than ARCC's 10.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | 19.94% | 15.68% | 16.33% | 14.34% | 10.87% | 1.95% | 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
RWAY vs. ARCC - Drawdown Comparison
The maximum RWAY drawdown since its inception was -34.83%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for RWAY and ARCC.
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Drawdown Indicators
| RWAY | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.83% | -79.36% | +44.53% |
Max Drawdown (1Y)Largest decline over 1 year | -34.83% | -19.35% | -15.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.77% | — |
Current DrawdownCurrent decline from peak | -32.16% | -16.71% | -15.45% |
Average DrawdownAverage peak-to-trough decline | -9.69% | -9.07% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.44% | 9.33% | +4.11% |
Volatility
RWAY vs. ARCC - Volatility Comparison
Runway Growth Finance Corp. (RWAY) has a higher volatility of 12.47% compared to Ares Capital Corporation (ARCC) at 6.61%. This indicates that RWAY'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
| RWAY | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.47% | 6.61% | +5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 18.81% | 15.16% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.39% | 23.48% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.37% | 19.88% | +8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.37% | 25.53% | +2.84% |
Financials
RWAY vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between Runway Growth Finance Corp. 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
RWAY vs. ARCC - Profitability Comparison
RWAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Runway Growth Finance Corp. reported a gross profit of 0.00 and revenue of 30.04M. 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%.
RWAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Runway Growth Finance Corp. reported an operating income of 0.00 and revenue of 30.04M, 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%.
RWAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Runway Growth Finance Corp. reported a net income of 0.00 and revenue of 30.04M, 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%.