LIVE
AMG
Affiliated Managers Group, Inc. · Financials - Asset Management
$352.90
+19.67% this month
VERSUS
⟷
COMPARE
ARES
Ares Management Corporation · Financials - Alternative Asset Management
$129.34
+7.87% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
AMG
2
ARES
2
Comparison scoreboard
MIXED SETUPAI Score
AMG 40.4
ARES ✓59.5
1Y Return
AMG ✓+91.26%
ARES -19.85%
Fwd P/E
AMG ✓8.99
ARES 17.67
Target Up.
AMG +7.96%
ARES ✓+12.29%
Op. Margin
AMG N/A
ARES N/A
Metrics last refreshed: 6/20/2026
Quick take
AMG vs ARES Stock Comparison: AI Score, Valuation, Performance and Upside
AMG is a traditional active management holding company earning economics from boutique manager affiliates, facing secular headwinds from the shift to passive investing, while ARES is a fast-growing alternative asset manager benefiting from institutional demand for private credit and alternative investments. These represent contrasting trajectories within the asset management industry.
AMG vs ARES captures the asset management generational divide — AMG's established boutique active manager model under secular pressure against ARES' fast-growing alternative credit platform riding structural tailwinds.
Live analysis · updated 6/20/2026
AMG and ARES are closely matched — they split the tracked metrics evenly. AMG leads on both 1-year return (+91.26%) and forward P/E (8.99x vs 17.67x for ARES), a relatively favorable combination of momentum and valuation. Analyst consensus implies meaningfully more upside for ARES (+12.29%) than for AMG (+7.96%).
Normalized 1Y performance
AMG
ARES
Recent returns
AMG
ARES
Analyst price targets & sentiment
AMG · 7 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.6/5.0)
Price target range
analyst low$300.00
analyst high$454.00
analyst mean$381.00
current price$352.90
+8.0% upside to analyst mean
ARES · 17 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.9/5.0)
Price target range
analyst low$125.00
analyst high$190.00
analyst mean$145.24
current price$129.34
+12.3% upside to analyst mean
Who should consider this stock?
AMG may suit investors who:
- →Want exposure to established boutique active managers generating durable fee income and significant capital return through buybacks
- →Value AMG's discounted valuation relative to the sum of its affiliate earnings as a contrarian active management play
- →Prefer predictable cash generation and buyback-driven EPS growth over growth-oriented alternative asset expansion
ARES may suit investors who:
- →Want exposure to the fast-growing private credit and alternative asset management trend driven by institutional demand
- →Value Ares' fee-related earnings growth from expanding AUM in direct lending, real estate, and infrastructure
- →See private credit as a durable structural growth opportunity as banks retreat from middle market lending
Performance & AI score
| Metric | AMG | ARES |
|---|---|---|
| AI score | 40.4 | 59.5 |
| AI rank | #1055 | #175 |
| Latest close | $352.90 | $129.34 |
| 1M return | +19.67% | +7.87% |
| 6M return | +29.99% | -21.42% |
| 1Y return | +91.26% | -19.85% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | AMG | ARES |
|---|---|---|
| 1Y ago | $19.13K (+91.3%) started 2025-06-18 | $8.31K (-16.9%) started 2025-06-18 |
| 5Y ago | $23.81K (+138.1%) started 2021-06-18 | $31.23K (+212.3%) started 2021-06-18 |
| 10Y ago | $24.59K (+145.9%) started 2016-06-20 | $246.16K (+2361.6%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | AMG | ARES |
|---|---|---|
| Market cap | $9.32B | $42.66B |
| Trailing P/E | 14.47 | 59.60 |
| Forward P/E | 8.99 | 17.67 |
| Price/Sales | 4.39 | 7.22 |
| EV/Revenue | 6.24 | 8.29 |
| Analyst target | $381.00 | $145.24 |
| Target upside | +7.96% | +12.29% |
Growth, profitability & risk
| Metric | AMG | ARES |
|---|---|---|
| Revenue growth | 9.70% | 28.30% |
| Earnings growth | 73.60% | 770.50% |
| EPS growth | +73.60% | +770.50% |
| FCF margin | +11.19% | +29.74% |
| Operating margin | N/A | N/A |
| Profit margin | 35.55% | 10.54% |
| ROIC proxy | 21.83% | 14.18% |
| Return on equity | 21.83% | 14.18% |
| Dividend yield | 0.01% | 4.00% |
| Beta | 1.14 | 1.52 |
| Debt/equity | 73.42 | 168.76 |
| Current ratio | 65.55 | 0.49 |
| Quick ratio | 65.55 | 0.41 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
AMG max drawdown19.72%
ARES max drawdown49.30%
AMG max wkly drop12.54%
ARES max wkly drop19.66%
5Y risk snapshot
AMG max drawdown41.22%
ARES max drawdown49.97%
AMG max wkly drop15.39%
ARES max wkly drop22.99%
10Y risk snapshot
AMG max drawdown78.52%
ARES max drawdown49.97%
AMG max wkly drop28.74%
ARES max wkly drop27.59%
Performance metrics by period
| Period | Metric | AMG | ARES |
|---|---|---|---|
| 1Y | Growth | +91.26% | -19.85% |
| CAGR | +91.35% | -19.87% | |
| Sharpe ratio | 2.10 | -0.43 | |
| Max drawdown | 19.72% | 49.30% | |
| Max daily drop | 10.72% | 11.19% | |
| Max wkly drop | 12.54% | 19.66% | |
| 5Y | Growth | +137.77% | +164.39% |
| CAGR | +18.92% | +21.47% | |
| Sharpe ratio | 0.56 | 0.59 | |
| Max drawdown | 41.22% | 49.97% | |
| Max daily drop | 12.38% | 15.48% | |
| Max wkly drop | 15.39% | 22.99% | |
| 10Y | Growth | +137.91% | +1376.07% |
| CAGR | +9.06% | +30.92% | |
| Sharpe ratio | 0.29 | 0.80 | |
| Max drawdown | 78.52% | 49.97% | |
| Max daily drop | 18.08% | 15.48% | |
| Max wkly drop | 28.74% | 27.59% |
Business comparison
| Category | AMG | ARES |
|---|---|---|
| Company | Affiliated Managers Group, Inc. | Ares Management Corporation |
| Sector | Financials - Asset Management | Financials - Alternative Asset Management |
| Industry | N/A | N/A |
| Core business | Affiliated Managers Group takes equity stakes in independent, boutique active investment management firms (its 'affiliates'), providing operational support and distribution while allowing affiliate managers to maintain their investment independence and entrepreneurial culture. | Ares Management is a large global alternative asset manager specializing in credit (direct lending, liquid credit), private equity, real estate, and infrastructure, managing permanent and long-duration capital for institutional investors seeking yield and diversification. |
| Investor focus | Investors track AMG's economic earnings per share, aggregate AUM and flows across affiliates, the health of active management fee economics, and share buyback activity as the company returns capital given limited new investment in a challenging active management environment. | Investors track Ares' fee-related earnings (FRE) growth, assets under management (AUM) with particular focus on fee-earning AUM, fundraising across strategies, and the credit cycle impact on its large direct lending and liquid credit platforms. |
AMG strengths
- →Diversified exposure across many boutique managers with differentiated strategies and client bases reduces single-manager concentration risk
- →Affiliate model preserves investment talent by giving managers equity in their own firms — addressing the key retention challenge in the asset management industry
- →Predictable fee economics from established affiliates generate durable cash flow for capital return to shareholders
ARES strengths
- →Credit-focused alternative investment platform benefits from institutional demand for private credit in a higher-for-longer interest rate environment
- →Permanent and long-duration capital structures (CLOs, BDCs, closed-end funds) provide revenue stability versus traditional open-ended vehicle volatility
- →Global reach and scale across credit, private equity, real estate, and infrastructure provides diversification and cross-selling opportunities
Risks to watch — AMG
- →Secular shift from active to passive investing pressures AUM growth and fee rates across AMG's boutique active manager affiliates
- →Affiliate performance matters significantly — underperforming affiliates see outflows and declining revenue even without talent losses
- →New affiliate investments in a challenging active management environment are less attractive than historically
Risks to watch — ARES
- →Credit quality in the direct lending portfolio matters in economic downturns — elevated defaults in middle market loans could impair portfolio values
- →High-rate environment that benefits credit returns may also create mark-to-market pressures in leveraged buyout portfolios
- →Growing competition in private credit from banks re-entering the market and new entrants could pressure deal spreads
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