SPXC vs. ARES
SPXC (SPX Corporation) and ARES (Ares Management Corporation) are both stocks. SPXC operates in Specialty Industrial Machinery (Industrials), while ARES operates in Asset Management (Financial Services). Over the past 10 years, SPXC returned 30.25%/yr vs 28.02%/yr for ARES. At a 0.36 correlation, their price movements are largely independent.
Performance
SPXC vs. ARES - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPXC achieves a 8.48% return, which is significantly higher than ARES's -23.01% return. Over the past 10 years, SPXC has outperformed ARES with an annualized return of 30.25%, while ARES has yielded a comparatively lower 28.02% annualized return.
SPXC
- 1D
- 1.95%
- 1M
- -10.68%
- 6M
- -0.40%
- YTD
- 8.48%
- 1Y
- 24.41%
- 3Y*
- 38.49%
- 5Y*
- 27.66%
- 10Y*
- 30.25%
- ALL TIME*
- 12.91%
ARES
- 1D
- -0.40%
- 1M
- -6.62%
- 6M
- -23.73%
- YTD
- -23.01%
- 1Y
- -29.21%
- 3Y*
- 9.60%
- 5Y*
- 17.01%
- 10Y*
- 28.02%
- ALL TIME*
- 21.87%
SPXC vs. ARES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXC SPX Corporation | 8.48% | 37.48% | 44.06% | 53.86% | 10.00% | 9.42% | 7.19% | 81.65% | -10.77% | 32.34% |
ARES Ares Management Corporation | -23.01% | -5.72% | 52.68% | 79.52% | -12.75% | 77.75% | 37.37% | 110.13% | -5.54% | 10.72% |
Correlation
The correlation between SPXC and ARES is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 2, 2014 | 0.37 |
The correlation between SPXC and ARES shifts across timeframes, from 0.25 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPXC:
$10.87B
ARES:
$39.67B
SPXC:
$5.14
ARES:
$2.82
SPXC:
42.24
ARES:
42.77
SPXC:
0.01
ARES:
1.71
SPXC:
4.56
ARES:
4.22
SPXC:
$2.35B
ARES:
$6.31B
SPXC:
$909.30M
ARES:
$4.46B
SPXC:
$475.30M
ARES:
$2.42B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPXC vs. ARES — Risk / Return Rank
SPXC
ARES
SPXC vs. ARES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPX Corporation (SPXC) 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.
| SPXC | ARES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.90 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.60 | +1.66 |
| Martin ratioReturn relative to average drawdown | 2.60 | -1.07 | +3.67 |
Loading charts...
Drawdowns
SPXC vs. ARES - Drawdown Comparison
The maximum SPXC drawdown since its inception was -81.12%, which is greater than ARES's maximum drawdown of -49.73%. Use the drawdown chart below to compare losses from any high point for SPXC and ARES.
Loading charts...
Drawdown Indicators
| SPXC | ARES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.12% | -49.73% | -31.39% |
Max Drawdown (1Y)Largest decline over 1 year | -23.15% | -49.05% | +25.90% |
Max Drawdown (3Y)Largest decline over 3 years | -33.54% | -49.73% | +16.19% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -49.73% | +11.41% |
Max Drawdown (10Y)Largest decline over 10 years | -50.26% | -49.73% | -0.53% |
Current DrawdownCurrent decline from peak | -11.93% | -35.17% | +23.24% |
Average DrawdownAverage peak-to-trough decline | -28.96% | -11.52% | -17.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 27.25% | -17.82% |
Volatility
SPXC vs. ARES - Volatility Comparison
SPX Corporation (SPXC) and Ares Management Corporation (ARES) have volatilities of 13.23% and 12.70%, 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.
Loading charts...
Volatility by Period
| SPXC | ARES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.23% | 12.70% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 30.01% | 36.45% | -6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.41% | 42.71% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.49% | 37.75% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.44% | 36.56% | +0.88% |
Dividends
SPXC vs. ARES - Dividend Comparison
SPXC has not paid dividends to shareholders, while ARES's dividend yield for the trailing twelve months is around 5.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 5.49% | 3.29% | 2.10% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 5.65% | 4.32% | 6.81% |
SPXC SPX Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 386.22% |
Financials
SPXC vs. ARES - Financials Comparison
This section allows you to compare key financial metrics between SPX Corporation 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
SPXC vs. ARES - Profitability Comparison
SPXC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, SPX Corporation reported a gross profit of 230.60M and revenue of 566.80M. Therefore, the gross margin over that period was 40.7%.
ARES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
SPXC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, SPX Corporation reported an operating income of 87.70M and revenue of 566.80M, resulting in an operating margin of 15.5%.
ARES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ares Management Corporation reported an operating income of 364.95M and revenue of 1.53B, resulting in an operating margin of 23.8%.
SPXC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, SPX Corporation reported a net income of 59.90M and revenue of 566.80M, resulting in a net margin of 10.6%.
ARES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
SPXC and ARES have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXC has higher volatility (13.23%) compared to ARES (12.70%). In terms of maximum drawdown, SPXC dropped -81.12% vs ARES's -49.73%.
SPXC currently has the higher Sharpe Ratio (0.64 vs -0.69), 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.
Find the right allocation for SPXC and ARES
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer