ARES vs SPY
Comparison between Ares Management Corp - Class A (ARES, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceARES has outperformed SPY, delivering a return of +22.5% compared to +13.3%
ARES vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ARES vs SPY - Historical Returns
Returns include dividend reinvestment.
ARES vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ARES | SPY |
|---|---|---|
| 2026 | -23.13% | +8.27% |
| 2025 | -6.68% | +18.00% |
| 2024 | +57.27% | +25.59% |
| 2023 | +79.67% | +26.72% |
| 2022 | -10.48% | -18.64% |
| 2021 | +79.18% | +30.52% |
| 2020 | +38.20% | +17.28% |
| 2019 | +113.38% | +31.09% |
| 2018 | -6.51% | -5.24% |
| 2017 | +13.96% | +20.78% |
| 2016 | +58.10% | +13.59% |
| 2015 | -19.10% | +1.31% |
| 2014 | -5.54% | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +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% |
ARES vs SPY Drawdown Comparison
The maximum drawdown for ARES was -49.73%, occurring on Mar 12, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ARES drawdown is -33.40%.
| Rank | ARES | SPY |
|---|---|---|
| #1 | -49.73% Jan 31, 2025 - Mar 12, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.88% Jun 15, 2015 - Dec 30, 2016 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -43.97% Feb 19, 2020 - Jun 22, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -38.04% Nov 17, 2021 - Feb 7, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -30.20% Mar 5, 2018 - Mar 14, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -23.08% Feb 24, 2017 - Jan 10, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -21.33% Jul 24, 2014 - Jan 26, 2015 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.95% Sep 18, 2019 - Nov 1, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.28% Feb 7, 2023 - Apr 18, 2023 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.14% Jan 24, 2018 - Mar 1, 2018 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.87% Mar 2, 2015 - Jun 11, 2015 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.68% Apr 5, 2021 - Jun 11, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -12.71% Jul 31, 2024 - Sep 17, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.42% May 15, 2024 - Jul 22, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -11.29% Oct 11, 2023 - Nov 29, 2023 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ARES and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
ARES vs SPY dividend yield comparison.
| Year | ARES | SPY |
|---|---|---|
| 2026 | 1.07% | 0.24% |
| 2025 | 3.29% | 1.07% |
| 2024 | 2.10% | 1.21% |
| 2023 | 2.59% | 1.40% |
| 2022 | 3.57% | 1.65% |
| 2021 | 2.31% | 1.20% |
| 2020 | 3.40% | 1.52% |
| 2019 | 3.59% | 1.75% |
| 2018 | 7.50% | 2.04% |
| 2017 | 5.65% | 1.80% |
| 2016 | 4.32% | 2.03% |
| 2015 | 6.81% | 2.06% |
| 2014 | 2.45% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 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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