ARES vs IBKR: Correlation
Measured on weekly returns over the past three years, Ares Management (ARES) and Interactive Brokers (IBKR) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and IBKR?
On 3 years of weekly data the ARES/IBKR correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 600.5 %².
Within ARES's tracked universe of 32 assets, IBKR comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IBKR ahead by 74.7 points (-17.7% versus +57.0%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.08 to 0.67.
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 IBKR: side by side
| ARES (Ares Management) | IBKR (Interactive Brokers) | |
|---|---|---|
| 1-year return | -17.7% | +57.0% |
| 5-year return | +118.7% | +516.0% |
| Volatility (ann.) | 35.5% | 33.9% |
| Beta vs S&P 500 | 1.55 | 1.37 |
| Max drawdown (3Y) | -50.0% | -38.7% |
| Market cap | $47.0B | $164.5B |
| P/E (trailing) | 65.0 | 38.5 |
| Dividend yield | 3.48% | 0.34% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ARES | IBKR |
|---|---|---|
| 2022 | -12.8% | -8.4% |
| 2023 | +79.5% | +15.1% |
| 2024 | +52.7% | +114.4% |
| 2025 | -6.2% | +46.4% |
| 2026 | -9.8% | +50.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and IBKR good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARES and IBKR?
The ARES/IBKR correlation stands at 0.50 on a 3-year window (1 year: 0.42, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is IBKR a good diversifier for ARES?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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.
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Related comparisons
Hubs: ARES correlations · IBKR correlations
