FSCO vs. SPY
FSCO (FS Credit Opportunities Corp.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, FSCO returned 11.66%/yr vs 19.32%/yr for SPY. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
FSCO vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, FSCO achieves a -14.85% return, which is significantly lower than SPY's 10.13% return.
FSCO
- 1D
- -0.40%
- 1M
- 1.20%
- 6M
- -12.54%
- YTD
- -14.85%
- 1Y
- -24.26%
- 3Y*
- 11.66%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.86%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.16M | $4.36M | $5.06M | |
| $37.27B | $35.99B | $39.23B |
FSCO vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | -14.85% | 3.68% | 34.88% | 36.98% | -3.98% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -3.59% |
Correlation
The correlation between FSCO and SPY is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2022 | 0.29 |
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Return for Risk
FSCO vs. SPY — Risk / Return Rank
FSCO
SPY
FSCO vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Credit Opportunities Corp. (FSCO) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSCO | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.27 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.20 | -2.89 |
| Martin ratioReturn relative to average drawdown | -1.20 | 9.40 | -10.60 |
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Drawdowns
FSCO vs. SPY - Drawdown Comparison
The maximum FSCO drawdown since its inception was -35.53%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSCO and SPY.
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Drawdown Indicators
| FSCO | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.53% | -55.19% | +19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -35.53% | -8.88% | -26.65% |
Max Drawdown (3Y)Largest decline over 3 years | -35.53% | -18.76% | -16.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -25.65% | -1.40% | -24.25% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -9.01% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.18% | 2.08% | +18.10% |
Volatility
FSCO vs. SPY - Volatility Comparison
FS Credit Opportunities Corp. (FSCO) and State Street SPDR S&P 500 ETF (SPY) have volatilities of 3.72% and 3.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCO | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 3.58% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 22.49% | 10.14% | +12.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | 12.89% | +14.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.86% | 17.18% | +10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.86% | 17.95% | +9.91% |
Dividends
FSCO vs. SPY - Dividend Comparison
FSCO's dividend yield for the trailing twelve months is around 15.48%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 15.48% | 12.65% | 10.47% | 11.26% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
FSCO and SPY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (3.72%) compared to SPY (3.58%). In terms of maximum drawdown, FSCO dropped -35.53% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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