FSK vs SPY

Comparison between FS KKR Capital Corp (FSK, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed FSK, delivering a return of +13.9% compared to +0.4%

FSK vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSK(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$3.07B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	78.15%	56.47%
Sharpe Ratio	-1.55	1.96
5Y Beta	0.73	1.00
Industry	Asset Management	N/A
P/E Ratio	-5.59	28.62
Forward P/E	6.42	22.09
PEG Ratio	3.27	N/A
Dividend Yield	21.70%	N/A
5Y Dividends CAGR	6.45%	5.43%
5Y EPS CAGR	N/A	26.35%
Debt to Equity	137.86%	33.33%
Free Cash Flow Yield	40.83%	N/A
P/S Ratio	2.16	3.68
P/B Ratio	0.56	5.52

Market Cap / Net Assets

FSK

$3.07B

Winner

SPY

$735B

Expense Ratio

FSK

N/A

SPY

0.09%

Max Drawdown

FSK

78.15%

Winner

SPY

56.47%

Sharpe Ratio

FSK

-1.55

Winner

SPY

1.96

5Y Beta

Winner

FSK

0.73

SPY

1.00

Industry

FSK

Asset Management

SPY

N/A

P/E Ratio

Winner

FSK

-5.59

SPY

28.62

Forward P/E

Winner

FSK

6.42

SPY

22.09

PEG Ratio

FSK

3.27

SPY

N/A

Dividend Yield

FSK

21.70%

SPY

N/A

5Y Dividends CAGR

Winner

FSK

6.45%

SPY

5.43%

5Y EPS CAGR

FSK

N/A

SPY

26.35%

Debt to Equity

FSK

137.86%

Winner

SPY

33.33%

Free Cash Flow Yield

FSK

40.83%

SPY

N/A

P/S Ratio

Winner

FSK

2.16

SPY

3.68

P/B Ratio

Winner

FSK

0.56

SPY

5.52

FSK vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	FSK	SPY
1 month	+3.24%	+4.95%
3 months	+0.58%	+9.19%
6 months	-26.41%	+11.06%
1 year	-39.91%	+28.43%
5 years(CAGR)	+0.44%	+13.92%
10 years(CAGR)	+1.45%	+15.50%
Max(CAGR)	+1.59%	+8.55%

FSK

+3.24%

Winner

SPY

+4.95%

FSK

+0.58%

Winner

SPY

+9.19%

FSK

-26.41%

Winner

SPY

+11.06%

FSK

-39.91%

Winner

SPY

+28.43%

5Y(CAGR)

FSK

+0.44%

Winner

SPY

+13.92%

10Y(CAGR)

FSK

+1.45%

Winner

SPY

+15.50%

Max(CAGR)

FSK

+1.59%

Winner

SPY

+8.55%

FSK vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FSK	SPY
2026	-23.94%	+10.17%
2025	-21.64%	+18.00%
2024	+24.33%	+25.59%
2023	+31.71%	+26.72%
2022	-5.60%	-18.64%
2021	+43.73%	+30.52%
2020	-20.97%	+17.28%
2019	+28.24%	+31.09%
2018	-22.33%	-5.24%
2017	-20.87%	+20.78%
2016	+27.05%	+13.59%
2015	-0.26%	+1.31%
2014	+5.26%	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

FSK vs SPY Drawdown Comparison

The maximum drawdown for FSK was -67.26%, occurring on Mar 23, 2020. Recovery took 1262 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current FSK drawdown is -44.94%.

Rank	FSK	SPY
#1	-67.26% Mar 1, 2017 - Mar 4, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-51.08% Feb 19, 2025 - Mar 13, 2026	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-22.52% Aug 12, 2022 - Jul 10, 2023	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-21.85% Jul 14, 2015 - Jul 27, 2016	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-17.67% Apr 1, 2022 - Aug 11, 2022	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-12.05% Oct 31, 2014 - Apr 15, 2015	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-11.03% Jan 4, 2024 - May 14, 2024	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-8.27% Jul 22, 2024 - Sep 13, 2024	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-6.94% Sep 19, 2023 - Dec 4, 2023	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-6.50% Sep 30, 2014 - Oct 31, 2014	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-4.74% Jun 22, 2015 - Jul 14, 2015	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.72% Sep 2, 2016 - Nov 11, 2016	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-4.42% Mar 4, 2022 - Mar 25, 2022	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-3.94% Jun 10, 2014 - Jun 30, 2014	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-3.70% Oct 21, 2024 - Nov 7, 2024	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FSK and SPY is 0.70 which considered as a strong positive correlation - the stocks tend to move together.

0.70

-101

Dividend Comparison (1999 - 2026)

FSK vs SPY dividend yield comparison.

Year	FSK	SPY
2026	4.43%	0.24%
2025	18.91%	1.07%
2024	13.35%	1.21%
2023	14.77%	1.40%
2022	15.20%	1.65%
2021	11.80%	1.20%
2020	15.46%	1.52%
2019	12.40%	1.75%
2018	16.41%	2.04%
2017	11.68%	1.80%
2016	8.65%	2.03%
2015	9.91%	2.06%
2014	8.74%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%