ARCC vs SLRC: Correlation
Ares Capital Corporation - Closed End Fund (ARCC) and SLR Investment Corp. - Closed End Fund (SLRC) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCC and SLRC?
On 3 years of weekly data the ARCC/SLRC correlation comes out at 0.71, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 219.4 %².
Among the 31 assets we track against ARCC, SLRC ranks #18 by 3-year correlation. Over the last 12 months ARCC came out ahead by 13.9 percentage points (-1.8% against -15.7%).
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 SLRC: side by side
| ARCC (Ares Capital Corporation - Closed End Fund) | SLRC (SLR Investment Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -1.8% | -15.7% |
| 5-year return | +59.8% | +11.2% |
| Volatility (ann.) | 15.8% | 19.4% |
| Beta vs S&P 500 | 0.62 | 0.56 |
| Max drawdown (3Y) | -19.3% | -22.4% |
| Market cap | $14.3B | $0.7B |
| P/E (trailing) | 14.8 | 9.2 |
| Dividend yield | 9.65% | 12.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARCC | SLRC |
|---|---|---|
| 2022 | -3.8% | -16.1% |
| 2023 | +20.0% | +20.6% |
| 2024 | +19.8% | +19.1% |
| 2025 | +1.1% | +5.7% |
| 2026 | +3.5% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCC and SLRC good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARCC and SLRC?
The ARCC/SLRC correlation stands at 0.71 on a 3-year window (1 year: 0.63, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is SLRC a good diversifier for ARCC?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
A reading of 0.71 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arcc-vs-slrc/)
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Related comparisons
Hubs: ARCC correlations · SLRC correlations
