ARCC vs GAIN: Correlation
Ares Capital Corporation - Closed End Fund (ARCC) and Gl (GAIN) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCC and GAIN?
On 3 years of weekly data the ARCC/GAIN correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 176.8 %².
By 3-year correlation, GAIN places #22 of the 31 assets tracked against ARCC. Their recent paths diverged sharply: over the last 12 months GAIN outperformed by 26.7 percentage points (-1.8% for ARCC against +24.9% for GAIN).
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 GAIN: side by side
| ARCC (Ares Capital Corporation - Closed End Fund) | GAIN (Gl) | |
|---|---|---|
| 1-year return | -1.8% | +24.9% |
| 5-year return | +59.8% | +92.6% |
| Volatility (ann.) | 15.8% | 20.1% |
| Beta vs S&P 500 | 0.62 | 0.61 |
| Max drawdown (3Y) | -19.3% | -14.8% |
| Market cap | $14.3B | – |
| P/E (trailing) | 14.8 | 3.8 |
| Dividend yield | 9.65% | 5.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARCC | GAIN |
|---|---|---|
| 2022 | -3.8% | -17.5% |
| 2023 | +20.0% | +31.0% |
| 2024 | +19.8% | +5.3% |
| 2025 | +1.1% | +17.1% |
| 2026 | +3.5% | +22.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCC and GAIN good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARCC and GAIN?
The ARCC/GAIN correlation stands at 0.56 on a 3-year window (1 year: 0.62, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is GAIN a good diversifier for ARCC?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 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-gain.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arcc-vs-gain/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARCC correlations · GAIN correlations
