ACHV vs ARCC: Correlation
How closely do Achieve Life Sciences, Inc. (ACHV) and Ares Capital Corporation - Closed End Fund (ARCC) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACHV and ARCC?
Over the past 3 years, ACHV and ARCC moved with a correlation of 0.44, which is moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.44). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 565.5 %².
In ACHV's tracked universe of 13 assets, ARCC sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months ACHV outperformed by 176.3 percentage points (+174.5% for ACHV against -1.8% for ARCC). Note the risk asymmetry: ACHV runs 5.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACHV vs ARCC: side by side
| ACHV (Achieve Life Sciences, Inc.) | ARCC (Ares Capital Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | +174.5% | -1.8% |
| 5-year return | +3.2% | +59.8% |
| Volatility (ann.) | 81.5% | 15.8% |
| Beta vs S&P 500 | 2.08 | 0.62 |
| Max drawdown (3Y) | -66.2% | -19.3% |
| Market cap | $0.8B | $14.3B |
| P/E (trailing) | – | 14.8 |
| Dividend yield | 0.00% | 9.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACHV | ARCC |
|---|---|---|
| 2022 | -68.5% | -3.8% |
| 2023 | +68.2% | +20.0% |
| 2024 | -14.6% | +19.8% |
| 2025 | +41.2% | +1.1% |
| 2026 | +64.6% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHV and ARCC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACHV and ARCC?
As of 2026-08-27, the correlation of weekly returns between ACHV and ARCC is 0.44 over 3 years, 0.60 over 1 year and 0.35 over 5 years.
Is ARCC a good diversifier for ACHV?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ACHV correlations · ARCC correlations
