UPWK vs. ARES
UPWK (Upwork Inc.) and ARES (Ares Management Corporation) are both stocks. UPWK operates in Staffing & Employment Services (Industrials), while ARES operates in Asset Management (Financial Services). Over the past 5 years, UPWK returned -29.10%/yr vs 20.40%/yr for ARES. At a 0.36 correlation, their price movements are largely independent.
Performance
UPWK vs. ARES - Performance Comparison
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Returns By Period
In the year-to-date period, UPWK achieves a -55.25% return, which is significantly lower than ARES's -20.44% return.
UPWK
- 1D
- 1.26%
- 1M
- 0.57%
- YTD
- -55.25%
- 6M
- -55.38%
- 1Y
- -42.40%
- 3Y*
- 1.43%
- 5Y*
- -29.10%
- 10Y*
- —
ARES
- 1D
- 0.97%
- 1M
- 0.49%
- YTD
- -20.44%
- 6M
- -20.82%
- 1Y
- -24.22%
- 3Y*
- 14.73%
- 5Y*
- 20.40%
- 10Y*
- 29.88%
UPWK vs. ARES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UPWK Upwork Inc. | -55.25% | 21.22% | 9.95% | 42.43% | -69.44% | -1.04% | 223.52% | -41.08% | -21.26% |
ARES Ares Management Corporation | -20.44% | -5.72% | 52.68% | 79.52% | -12.75% | 77.75% | 37.37% | 110.13% | -19.43% |
Correlation
The correlation between UPWK and ARES is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.36 |
The correlation between UPWK and ARES shifts across timeframes, from 0.27 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
UPWK:
$0.79
ARES:
$2.83
UPWK:
11.27
ARES:
44.81
UPWK:
0.07
ARES:
1.79
UPWK:
2.07
ARES:
4.43
UPWK:
$595.10M
ARES:
$6.31B
UPWK:
$612.97M
ARES:
$4.46B
UPWK:
$152.42M
ARES:
$2.42B
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Return for Risk
UPWK vs. ARES — Risk / Return Rank
UPWK
ARES
UPWK vs. ARES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Upwork Inc. (UPWK) 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.
| UPWK | ARES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.92 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.50 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.39 | -0.98 | -0.41 |
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
| UPWK | ARES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.72 | -0.59 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | 0.55 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.63 | -0.80 |
Drawdowns
UPWK vs. ARES - Drawdown Comparison
The maximum UPWK drawdown since its inception was -87.48%, which is greater than ARES's maximum drawdown of -49.73%. Use the drawdown chart below to compare losses from any high point for UPWK and ARES.
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Drawdown Indicators
| UPWK | ARES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.48% | -49.73% | -37.75% |
Max Drawdown (1Y)Largest decline over 1 year | -63.46% | -49.05% | -14.41% |
Max Drawdown (3Y)Largest decline over 3 years | -63.46% | -49.73% | -13.73% |
Max Drawdown (5Y)Largest decline over 5 years | -87.48% | -49.73% | -37.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.73% | — |
Current DrawdownCurrent decline from peak | -85.39% | -33.01% | -52.38% |
Average DrawdownAverage peak-to-trough decline | -56.10% | -11.31% | -44.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.60% | 24.72% | +5.88% |
Volatility
UPWK vs. ARES - Volatility Comparison
Upwork Inc. (UPWK) has a higher volatility of 24.17% compared to Ares Management Corporation (ARES) at 11.35%. This indicates that UPWK's price experiences larger fluctuations and is considered to be riskier 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
| UPWK | ARES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.17% | 11.35% | +12.82% |
Volatility (6M)Calculated over the trailing 6-month period | 47.03% | 35.50% | +11.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.18% | 41.16% | +18.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.40% | 37.33% | +26.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.77% | 36.69% | +28.08% |
Dividends
UPWK vs. ARES - Dividend Comparison
UPWK has not paid dividends to shareholders, while ARES's dividend yield for the trailing twelve months is around 4.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARES Ares Management Corporation | 4.38% | 3.29% | 2.10% | 2.59% | 3.57% | 2.31% | 3.40% | 3.59% | 7.50% | 5.65% | 4.32% | 6.81% |
UPWK Upwork Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
UPWK vs. ARES - Financials Comparison
This section allows you to compare key financial metrics between Upwork Inc. 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
Frequently Asked Questions
UPWK and ARES have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPWK has higher volatility (24.17%) compared to ARES (11.35%). In terms of maximum drawdown, UPWK dropped -87.48% vs ARES's -49.73%.
ARES currently has the higher Sharpe Ratio (-0.59 vs -0.72), 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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