ARCC vs FOX: Correlation
Ares Capital Corporation - Closed End Fund (ARCC) and Fox Corporation (Class B) (FOX) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCC and FOX?
On 3 years of weekly data the ARCC/FOX correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 218.3 %².
By 3-year correlation, FOX places #25 of the 31 assets tracked against ARCC. The trailing year gives FOX the advantage: -1.8% versus +12.2%, a 14.0-point spread. Risk is not evenly split, since FOX carries 1.8 times the volatility of the other side.
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 FOX: side by side
| ARCC (Ares Capital Corporation - Closed End Fund) | FOX (Fox Corporation (Class B)) | |
|---|---|---|
| 1-year return | -1.8% | +12.2% |
| 5-year return | +59.8% | +88.7% |
| Volatility (ann.) | 15.8% | 28.5% |
| Beta vs S&P 500 | 0.62 | 0.58 |
| Max drawdown (3Y) | -19.3% | -34.1% |
| Market cap | $14.3B | $25.4B |
| P/E (trailing) | 14.8 | 16.2 |
| Dividend yield | 9.65% | 0.90% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ARCC | FOX |
|---|---|---|
| 2022 | -3.8% | -15.8% |
| 2023 | +20.0% | -1.2% |
| 2024 | +19.8% | +68.3% |
| 2025 | +1.1% | +43.4% |
| 2026 | +3.5% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCC and FOX good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARCC and FOX?
As of 2026-08-27, the correlation of weekly returns between ARCC and FOX is 0.48 over 3 years, 0.47 over 1 year and 0.48 over 5 years.
Is FOX a good diversifier for ARCC?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ARCC correlations · FOX correlations
