ARCC vs SPY
Comparison between Ares Capital Corp (ARCC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed ARCC, delivering a return of +13.3% compared to +9.5%
ARCC vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
ARCC
$14B
Winner
SPY
$652B
Expense Ratio
ARCC
N/A
SPY
0.09%
Max Drawdown
ARCC
84.31%
Winner
SPY
56.47%
Sharpe Ratio
ARCC
-0.08
Winner
SPY
2.07
5Y Beta
Winner
ARCC
0.75
SPY
1.00
Industry
ARCC
Asset Management
SPY
N/A
P/E Ratio
Winner
ARCC
11.89
SPY
28.24
Forward P/E
Winner
ARCC
9.82
SPY
21.85
PEG Ratio
ARCC
3.72
SPY
N/A
Dividend Yield
ARCC
10.10%
SPY
N/A
5Y Dividends CAGR
ARCC
3.71%
Winner
SPY
5.43%
5Y EPS CAGR
ARCC
N/A
SPY
25.79%
Debt to Equity
ARCC
112.68%
Winner
SPY
22.35%
Free Cash Flow Yield
ARCC
-8.97%
SPY
N/A
P/S Ratio
ARCC
4.46
Winner
SPY
3.55
P/B Ratio
Winner
ARCC
0.99
SPY
5.29
ARCC vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
ARCC
+4.62%
Winner
SPY
+9.11%
3M
ARCC
+0.21%
Winner
SPY
+6.59%
6M
ARCC
-1.08%
Winner
SPY
+10.56%
1Y
ARCC
-0.53%
Winner
SPY
+32.04%
5Y(CAGR)
ARCC
+9.55%
Winner
SPY
+13.35%
10Y(CAGR)
ARCC
+12.47%
Winner
SPY
+15.49%
Max(CAGR)
Winner
ARCC
+12.04%
SPY
+8.50%
ARCC vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ARCC | SPY |
|---|---|---|
| 2026 | -4.50% | +8.27% |
| 2025 | -0.34% | +18.00% |
| 2024 | +19.80% | +25.59% |
| 2023 | +19.29% | +26.72% |
| 2022 | -3.00% | -18.64% |
| 2021 | +39.31% | +30.52% |
| 2020 | +0.59% | +17.28% |
| 2019 | +32.01% | +31.09% |
| 2018 | +7.42% | -5.24% |
| 2017 | +4.97% | +20.78% |
| 2016 | +26.10% | +13.59% |
| 2015 | -0.64% | +1.31% |
| 2014 | -2.84% | +14.56% |
| 2013 | +9.64% | +29.00% |
| 2012 | +23.43% | +14.17% |
| 2011 | -0.05% | +0.85% |
| 2010 | +38.30% | +13.14% |
| 2009 | +130.17% | +22.67% |
| 2008 | -47.60% | -36.25% |
| 2007 | -16.31% | +5.32% |
| 2006 | +29.09% | +13.85% |
| 2005 | -7.15% | +5.32% |
| 2004 | +31.40% | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
ARCC vs SPY Drawdown Comparison
The maximum drawdown for ARCC was -79.37%, occurring on Mar 5, 2009. Recovery took 715 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ARCC drawdown is -12.12%.
| Rank | ARCC | SPY |
|---|---|---|
| #1 | -79.37% Feb 22, 2007 - Dec 22, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -56.84% Feb 7, 2020 - Jan 20, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -24.60% Apr 29, 2011 - Feb 28, 2012 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.17% Apr 29, 2010 - Sep 29, 2010 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.89% Apr 6, 2015 - Jul 25, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.78% Apr 20, 2022 - Jul 26, 2023 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.10% Aug 4, 2005 - Sep 27, 2006 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.35% Dec 28, 2004 - Aug 3, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -19.33% Jul 17, 2025 - Mar 27, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -18.79% Feb 4, 2025 - Jul 10, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -17.20% Jan 19, 2010 - Mar 17, 2010 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -14.28% Nov 9, 2018 - Feb 20, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.99% Jun 30, 2014 - Feb 23, 2015 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.36% Apr 3, 2012 - Jul 13, 2012 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.76% Feb 8, 2022 - Apr 19, 2022 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ARCC and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
ARCC vs SPY dividend yield comparison.
| Year | ARCC | SPY |
|---|---|---|
| 2026 | 2.52% | 0.24% |
| 2025 | 9.49% | 1.07% |
| 2024 | 8.77% | 1.21% |
| 2023 | 9.59% | 1.40% |
| 2022 | 10.12% | 1.65% |
| 2021 | 7.65% | 1.20% |
| 2020 | 9.47% | 1.52% |
| 2019 | 9.01% | 1.75% |
| 2018 | 9.88% | 2.04% |
| 2017 | 9.67% | 1.80% |
| 2016 | 9.22% | 2.03% |
| 2015 | 11.02% | 2.06% |
| 2014 | 10.06% | 1.87% |
| 2013 | 8.84% | 1.81% |
| 2012 | 9.14% | 2.18% |
| 2011 | 9.13% | 2.05% |
| 2010 | 8.50% | 1.80% |
| 2009 | 11.81% | 1.95% |
| 2008 | 26.54% | 3.02% |
| 2007 | 11.35% | 1.85% |
| 2006 | 8.58% | 1.73% |
| 2005 | 8.09% | 1.73% |
| 2004 | 1.54% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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