ARES vs AUC: Correlation
How closely do Ares Management (ARES) and ATIF Holdings Limited (AUC) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and AUC?
Over the past 3 years, ARES and AUC moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.16). Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -600.5 %².
Within ARES's tracked universe of 32 assets, AUC comes in at #24 by 3-year correlation. The last year tells two different stories: AUC led by 34.9 percentage points, -17.7% for ARES against +17.2% for AUC. Note the risk asymmetry: AUC runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ARES vs AUC: side by side
| ARES (Ares Management) | AUC (ATIF Holdings Limited) | |
|---|---|---|
| 1-year return | -17.7% | +17.2% |
| 5-year return | +118.7% | -88.8% |
| Volatility (ann.) | 35.5% | 108.2% |
| Beta vs S&P 500 | 1.55 | -0.39 |
| Max drawdown (3Y) | -50.0% | -88.5% |
| Market cap | $47.0B | $0.1B |
| P/E (trailing) | 65.0 | – |
| Dividend yield | 3.48% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ARES | AUC |
|---|---|---|
| 2022 | -12.8% | -30.4% |
| 2023 | +79.5% | -53.3% |
| 2024 | +52.7% | +2.5% |
| 2025 | -6.2% | -70.6% |
| 2026 | -9.8% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and AUC good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARES and AUC?
The ARES/AUC correlation stands at -0.16 on a 3-year window (1 year: -0.30, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is AUC a good diversifier for ARES?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ARES correlations · AUC correlations
