TSLX vs. ARCC
Compare and contrast key facts about Sixth Street Specialty Lending, Inc. (TSLX) and Ares Capital Corporation (ARCC).
Performance
TSLX vs. ARCC - Performance Comparison
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TSLX vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSLX Sixth Street Specialty Lending, Inc. | -14.36% | 11.52% | 8.83% | 35.29% | -16.37% | 32.33% | 9.77% | 29.62% | 0.36% | 15.47% |
ARCC Ares Capital Corporation | -9.97% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
Fundamentals
TSLX:
$1.70B
ARCC:
$12.39B
TSLX:
-$0.00
ARCC:
$1.64
TSLX:
0.00
ARCC:
6.60
TSLX:
0.00
ARCC:
0.87
TSLX:
$438.70B
ARCC:
$1.88B
TSLX:
$0.00
ARCC:
$1.18B
TSLX:
$37.52M
ARCC:
$1.08B
Returns By Period
In the year-to-date period, TSLX achieves a -14.36% return, which is significantly lower than ARCC's -9.97% return. Both investments have delivered pretty close results over the past 10 years, with TSLX having a 12.16% annualized return and ARCC not far behind at 11.74%.
TSLX
- 1D
- -1.47%
- 1M
- 5.39%
- YTD
- -14.36%
- 6M
- -14.16%
- 1Y
- -11.47%
- 3Y*
- 9.84%
- 5Y*
- 6.95%
- 10Y*
- 12.16%
ARCC
- 1D
- -1.61%
- 1M
- -4.04%
- YTD
- -9.97%
- 6M
- -7.39%
- 1Y
- -12.64%
- 3Y*
- 8.76%
- 5Y*
- 8.39%
- 10Y*
- 11.74%
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Return for Risk
TSLX vs. ARCC — Risk / Return Rank
TSLX
ARCC
TSLX vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sixth Street Specialty Lending, Inc. (TSLX) 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.
| TSLX | ARCC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.48 | -0.54 | +0.06 |
Sortino ratioReturn per unit of downside risk | -0.52 | -0.63 | +0.12 |
Omega ratioGain probability vs. loss probability | 0.94 | 0.92 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.63 | +0.22 |
Martin ratioReturn relative to average drawdown | -0.98 | -1.29 | +0.31 |
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
| TSLX | ARCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | -0.54 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.42 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.46 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.37 | +0.18 |
Correlation
The correlation between TSLX and ARCC is 0.59, 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
TSLX vs. ARCC - Dividend Comparison
TSLX's dividend yield for the trailing twelve months is around 10.99%, more than ARCC's 10.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLX Sixth Street Specialty Lending, Inc. | 10.99% | 9.44% | 9.81% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 8.84% | 8.35% | 9.62% |
ARCC Ares Capital Corporation | 10.83% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
Drawdowns
TSLX vs. ARCC - Drawdown Comparison
The maximum TSLX drawdown since its inception was -50.27%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for TSLX and ARCC.
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Drawdown Indicators
| TSLX | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -79.36% | +29.09% |
Max Drawdown (1Y)Largest decline over 1 year | -27.94% | -19.35% | -8.59% |
Max Drawdown (5Y)Largest decline over 5 years | -28.77% | -21.76% | -7.01% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -56.77% | +6.50% |
Current DrawdownCurrent decline from peak | -22.65% | -18.05% | -4.60% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -9.07% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.46% | 9.40% | +2.06% |
Volatility
TSLX vs. ARCC - Volatility Comparison
Sixth Street Specialty Lending, Inc. (TSLX) has a higher volatility of 8.40% compared to Ares Capital Corporation (ARCC) at 6.78%. This indicates that TSLX'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
| TSLX | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.40% | 6.78% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 15.24% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 23.54% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.58% | 19.89% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.07% | 25.53% | -4.46% |
Financials
TSLX vs. ARCC - Financials Comparison
This section allows you to compare key financial metrics between Sixth Street Specialty Lending, 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
TSLX vs. ARCC - Profitability Comparison
TSLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sixth Street Specialty Lending, Inc. reported a gross profit of -191.56M and revenue of 438.43B. 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%.
TSLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sixth Street Specialty Lending, Inc. reported an operating income of -133.89M and revenue of 438.43B, 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%.
TSLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sixth Street Specialty Lending, Inc. reported a net income of -140.98M and revenue of 438.43B, 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%.