ARCC vs GLAD: Correlation
Ares Capital Corporation - Closed End Fund (ARCC) and Gl (GLAD) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCC and GLAD?
Over the past 3 years, ARCC and GLAD moved with a correlation of 0.75, which is strong. The relationship has been stable: the 1-year correlation (0.72) sits close to the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 269.4 %².
Within ARCC's tracked universe of 31 assets, GLAD comes in at #9 by 3-year correlation. The trailing year gives ARCC the advantage: -1.8% versus -16.7%, a 14.9-point spread.
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 GLAD: side by side
| ARCC (Ares Capital Corporation - Closed End Fund) | GLAD (Gl) | |
|---|---|---|
| 1-year return | -1.8% | -16.7% |
| 5-year return | +59.8% | +32.9% |
| Volatility (ann.) | 15.8% | 22.7% |
| Beta vs S&P 500 | 0.62 | 0.75 |
| Max drawdown (3Y) | -19.3% | -39.6% |
| Market cap | $14.3B | $0.4B |
| P/E (trailing) | 14.8 | 9.3 |
| Dividend yield | 9.65% | 9.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARCC | GLAD |
|---|---|---|
| 2022 | -3.8% | -10.4% |
| 2023 | +20.0% | +22.7% |
| 2024 | +19.8% | +47.0% |
| 2025 | +1.1% | -21.1% |
| 2026 | +3.5% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCC and GLAD good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARCC and GLAD?
As of 2026-08-27, the correlation of weekly returns between ARCC and GLAD is 0.75 over 3 years, 0.72 over 1 year and 0.69 over 5 years.
Is GLAD a good diversifier for ARCC?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arcc-vs-glad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arcc-vs-glad/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARCC correlations · GLAD correlations
