ARES vs GCMG: Correlation
Ares Management (ARES) and GCM Grosvenor Inc. (GCMG) 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 ARES and GCMG?
On 3 years of weekly data the ARES/GCMG correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.48 over 3. The 5-year figure is 0.51, and annualized covariance runs at 481.1 %².
Within ARES's tracked universe of 32 assets, GCMG comes in at #21 by 3-year correlation. The last year tells two different stories: GCMG led by 26.9 percentage points, -17.7% for ARES against +9.2% for GCMG.
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 GCMG: side by side
| ARES (Ares Management) | GCMG (GCM Grosvenor Inc.) | |
|---|---|---|
| 1-year return | -17.7% | +9.2% |
| 5-year return | +118.7% | +52.8% |
| Volatility (ann.) | 35.5% | 28.2% |
| Beta vs S&P 500 | 1.55 | 0.76 |
| Max drawdown (3Y) | -50.0% | -31.3% |
| Market cap | $47.0B | $0.8B |
| P/E (trailing) | 65.0 | 25.8 |
| Dividend yield | 3.48% | 3.54% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ARES | GCMG |
|---|---|---|
| 2022 | -12.8% | -24.0% |
| 2023 | +79.5% | +24.6% |
| 2024 | +52.7% | +43.0% |
| 2025 | -6.2% | -4.3% |
| 2026 | -9.8% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and GCMG good diversifiers for each other?
Reasonably. At 0.48, ARES and GCMG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARES and GCMG?
The ARES/GCMG correlation stands at 0.48 on a 3-year window (1 year: 0.53, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is GCMG a good diversifier for ARES?
Reasonably. At 0.48, ARES and GCMG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: ARES correlations · GCMG correlations
