ARCC vs FDUS: Correlation
How closely do Ares Capital Corporation - Closed End Fund (ARCC) and Fidus Investment Corporation - Closed End Fund (FDUS) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCC and FDUS?
On 3 years of weekly data the ARCC/FDUS correlation comes out at 0.76, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 209.6 %².
Within ARCC's tracked universe of 31 assets, FDUS comes in at #7 by 3-year correlation. Over the last 12 months FDUS came out ahead by 5.5 percentage points (-1.8% against +3.7%).
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.
ARCC vs FDUS: side by side
| ARCC (Ares Capital Corporation - Closed End Fund) | FDUS (Fidus Investment Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -1.8% | +3.7% |
| 5-year return | +59.8% | +100.3% |
| Volatility (ann.) | 15.8% | 17.5% |
| Beta vs S&P 500 | 0.62 | 0.57 |
| Max drawdown (3Y) | -19.3% | -23.9% |
| Market cap | $14.3B | $0.7B |
| P/E (trailing) | 14.8 | 9.5 |
| Dividend yield | 9.65% | 8.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARCC | FDUS |
|---|---|---|
| 2022 | -3.8% | +17.1% |
| 2023 | +20.0% | +20.0% |
| 2024 | +19.8% | +20.5% |
| 2025 | +1.1% | +2.1% |
| 2026 | +3.5% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCC and FDUS good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARCC and FDUS?
The ARCC/FDUS correlation stands at 0.76 on a 3-year window (1 year: 0.73, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is FDUS a good diversifier for ARCC?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
A reading of 0.76 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arcc-vs-fdus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arcc-vs-fdus/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARCC correlations · FDUS correlations
