Ares Capital Corporation vs State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF — how do they compare? Ares Capital Corporation trades at $18.66 (market cap $13.48B), while State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF trades at $30.8. The key difference: Ares Capital Corporation pays a 10.22% dividend while State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF pays none, and State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF is trading nearer its 52-week high, Ares Capital Corporation nearer its low. Which is the better fit depends on your goals.
| ARCC | FLRN | |
|---|---|---|
Market Cap | $13.48B | — |
Sector | Financials | Sector/Thematic |
52-Week High | $23.25 | $30.86 |
52-Week Low | $17.45 | $30.65 |
Dividend Yield | 10.22% | — |
Trailing returns across standard periods
Latest headlines on both assets
Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans, and mezzanine debt (subordinated unsecured loan), which may include equity components that are diversified by industry and sector. The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.
Read more on ARCC →FLRN invests in U.S. dollar-denominated investment-grade floating rate notes with maturities under five years. It provides exposure to corporate and supranational debt whose interest payments adjust with market rates, helping to mitigate interest rate risk.
Read more on FLRN →