GBDC vs FSK

Comparison between Golub Capital BDC Inc (GBDC, Company) and FS KKR Capital Corp (FSK, Company).

Both GBDC and FSK are from the Financial Services sector.

5-Year PerformanceGBDC has outperformed FSK, delivering a return of +7.0% compared to +2.6%

GBDC vs FSK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GBDC(COMPANY)	FSK(COMPANY)
Market Cap	$3.40B	$3.40B
Max Drawdown	53.13%	78.15%
Sharpe Ratio	-0.17	-0.55
5Y Beta	0.60	0.73
Industry	Asset Management	Asset Management
P/E Ratio	20.15	-9.09
Forward P/E	10.30	7.26
Dividend Yield	10.90%	21.00%
5Y Dividends CAGR	4.42%	4.56%
Debt to Equity	122.48%	126.44%
Free Cash Flow Yield	27.02%	56.50%

Market Cap

Winner

GBDC

$3.40B

FSK

$3.40B

Max Drawdown

Winner

GBDC

53.13%

FSK

78.15%

Sharpe Ratio

Winner

GBDC

-0.17

FSK

-0.55

5Y Beta

Winner

GBDC

0.60

FSK

0.73

Industry

GBDC

Asset Management

FSK

Asset Management

P/E Ratio

GBDC

20.15

Winner

FSK

-9.09

Forward P/E

GBDC

10.30

Winner

FSK

7.26

Dividend Yield

GBDC

10.90%

Winner

FSK

21.00%

5Y Dividends CAGR

GBDC

4.42%

Winner

FSK

4.56%

Debt to Equity

Winner

GBDC

122.48%

FSK

126.44%

Free Cash Flow Yield

GBDC

27.02%

Winner

FSK

56.50%

GBDC vs FSK - Historical Returns

Returns include dividend reinvestment.

Period	GBDC	FSK
1 month	+3.72%	+16.93%
3 months	+5.02%	+22.76%
6 months	+11.85%	+3.49%
1 year	+0.27%	-15.98%
5 years(CAGR)	+7.01%	+2.56%
10 years(CAGR)	+6.25%	+2.45%
Max(CAGR)	+8.41%	+3.17%

GBDC

+3.72%

Winner

FSK

+16.93%

GBDC

+5.02%

Winner

FSK

+22.76%

Winner

GBDC

+11.85%

FSK

+3.49%

Winner

GBDC

+0.27%

FSK

-15.98%

5Y(CAGR)

Winner

GBDC

+7.01%

FSK

+2.56%

10Y(CAGR)

Winner

GBDC

+6.25%

FSK

+2.45%

Max(CAGR)

Winner

GBDC

+8.41%

FSK

+3.17%

GBDC vs FSK - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	GBDC	FSK
2026	+4.10%	-7.67%
2025	-1.11%	-21.64%
2024	+13.64%	+24.33%
2023	+27.67%	+31.71%
2022	-6.92%	-5.60%
2021	+17.19%	+43.73%
2020	-14.35%	-20.97%
2019	+20.08%	+28.24%
2018	-1.64%	-22.33%
2017	+6.26%	-20.87%
2016	+18.96%	+27.05%
2015	+0.75%	-0.26%
2014	+3.12%	+5.26%
2013	+27.92%	N/A
2012	+12.24%	N/A
2011	-4.31%	N/A
2010	+23.10%	N/A

GBDC vs FSK Drawdown Comparison

The maximum drawdown for GBDC was -47.30%, occurring on Apr 2, 2020. Recovery took 441 trading sessions.

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

The current GBDC drawdown is -3.55%. The current FSK drawdown is -33.16%.

Rank	GBDC	FSK
#1	-47.30% Dec 30, 2019 - Sep 29, 2021	-67.26% Mar 1, 2017 - Mar 4, 2022
#2	-19.26% Feb 10, 2022 - Aug 7, 2023	-51.08% Feb 19, 2025 - Mar 13, 2026
#3	-18.70% Dec 30, 2010 - Sep 12, 2012	-22.52% Aug 12, 2022 - Jul 10, 2023
#4	-18.14% Jul 17, 2025 - Feb 27, 2026	-21.85% Jul 14, 2015 - Jul 27, 2016
#5	-16.72% Mar 14, 2014 - Dec 30, 2014	-17.67% Apr 1, 2022 - Aug 11, 2022
#6	-16.54% Apr 29, 2024 - Jul 14, 2025	-12.05% Oct 31, 2014 - Apr 15, 2015
#7	-13.47% Apr 20, 2010 - Jun 24, 2010	-11.03% Jan 4, 2024 - May 14, 2024
#8	-11.72% Nov 9, 2018 - Feb 26, 2019	-8.27% Jul 22, 2024 - Sep 13, 2024
#9	-11.17% Dec 1, 2015 - Mar 7, 2016	-6.94% Sep 19, 2023 - Dec 4, 2023
#10	-9.65% Aug 30, 2016 - Jan 24, 2017	-6.50% Sep 30, 2014 - Oct 31, 2014
#11	-9.62% Oct 5, 2012 - Dec 21, 2012	-4.74% Jun 22, 2015 - Jul 14, 2015
#12	-9.41% Jul 23, 2013 - Nov 20, 2013	-4.72% Sep 2, 2016 - Nov 11, 2016
#13	-9.02% May 5, 2017 - Jul 17, 2018	-4.42% Mar 4, 2022 - Mar 25, 2022
#14	-8.74% Apr 23, 2015 - Nov 24, 2015	-3.94% Jun 10, 2014 - Jun 30, 2014
#15	-7.52% Nov 26, 2010 - Dec 30, 2010	-3.70% Oct 21, 2024 - Nov 7, 2024

Correlation

Correlation between GBDC and FSK is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (2010 - 2026)

GBDC vs FSK dividend yield comparison.

Year	GBDC	FSK
2026	4.93%	7.12%
2025	11.50%	18.91%
2024	12.73%	13.35%
2023	10.00%	14.77%
2022	9.35%	15.20%
2021	7.58%	11.80%
2020	8.44%	15.46%
2019	7.70%	12.40%
2018	8.49%	16.41%
2017	7.47%	11.68%
2016	8.32%	8.65%
2015	7.70%	9.91%
2014	7.14%	8.74%
2013	6.70%	0.00%
2012	8.01%	0.00%
2011	8.26%	0.00%
2010	5.02%	0.00%