ARES vs HOOD: Correlation
How closely do Ares Management (ARES) and Robinhood Markets (HOOD) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and HOOD?
Over the past 3 years, ARES and HOOD moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 1212.1 %².
By 3-year correlation, HOOD places #22 of the 32 assets tracked against ARES. The last year tells two different stories: HOOD led by 24.3 percentage points, -17.7% for ARES against +6.6% for HOOD. This link changes with the market regime, having swung between 0.00 and 0.75 on a rolling one-year basis. Risk is not evenly split, since HOOD carries 2.0 times the volatility of the other side.
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 HOOD: side by side
| ARES (Ares Management) | HOOD (Robinhood Markets) | |
|---|---|---|
| 1-year return | -17.7% | +6.6% |
| 5-year return | +118.7% | +151.5% |
| Volatility (ann.) | 35.5% | 71.4% |
| Beta vs S&P 500 | 1.55 | 2.88 |
| Max drawdown (3Y) | -50.0% | -57.3% |
| Market cap | $47.0B | $98.7B |
| P/E (trailing) | 65.0 | 48.1 |
| Dividend yield | 3.48% | 0.00% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ARES | HOOD |
|---|---|---|
| 2022 | -12.8% | -54.2% |
| 2023 | +79.5% | +56.5% |
| 2024 | +52.7% | +192.5% |
| 2025 | -6.2% | +203.5% |
| 2026 | -9.8% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and HOOD good diversifiers for each other?
Reasonably. At 0.48, ARES and HOOD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARES and HOOD?
The ARES/HOOD correlation stands at 0.48 on a 3-year window (1 year: 0.40, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is HOOD a good diversifier for ARES?
Reasonably. At 0.48, ARES and HOOD 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
$ curl https://www.pairbook.io/api/v1/pairs/ares-vs-hood.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ares-vs-hood/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARES correlations · HOOD correlations
