FSK vs. AIPI
FSK (FS KKR Capital Corp.) is a stock, while AIPI (REX AI Equity Premium Income ETF) is Derivative Income fund actively managed by REX. Over the past year, FSK returned -38.11% vs 23.12% for AIPI. At a 0.29 correlation, their price movements are largely independent.
Performance
FSK vs. AIPI - Performance Comparison
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Returns By Period
In the year-to-date period, FSK achieves a -21.66% return, which is significantly lower than AIPI's 6.90% return.
FSK
- 1D
- 2.22%
- 1M
- 0.73%
- YTD
- -21.66%
- 6M
- -24.66%
- 1Y
- -38.11%
- 3Y*
- -3.98%
- 5Y*
- -0.35%
- 10Y*
- 2.76%
AIPI
- 1D
- -0.32%
- 1M
- 2.47%
- YTD
- 6.90%
- 6M
- 6.01%
- 1Y
- 23.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSK vs. AIPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSK FS KKR Capital Corp. | -21.66% | -20.38% | 16.25% |
AIPI REX AI Equity Premium Income ETF | 6.90% | 16.38% | 15.79% |
Correlation
The correlation between FSK and AIPI is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.29 |
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Return for Risk
FSK vs. AIPI — Risk / Return Rank
FSK
AIPI
FSK vs. AIPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS KKR Capital Corp. (FSK) and REX AI Equity Premium Income ETF (AIPI). 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.
| FSK | AIPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.25 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.57 | -2.33 |
| Martin ratioReturn relative to average drawdown | -1.18 | 4.82 | -6.00 |
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Drawdowns
FSK vs. AIPI - Drawdown Comparison
The maximum FSK drawdown since its inception was -67.20%, which is greater than AIPI's maximum drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for FSK and AIPI.
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Drawdown Indicators
| FSK | AIPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.20% | -25.25% | -41.95% |
Max Drawdown (1Y)Largest decline over 1 year | -51.01% | -14.40% | -36.61% |
Max Drawdown (3Y)Largest decline over 3 years | -51.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -67.20% | — | — |
Current DrawdownCurrent decline from peak | -43.69% | -4.20% | -39.49% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -4.64% | -8.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.88% | 4.67% | +28.21% |
Volatility
FSK vs. AIPI - Volatility Comparison
FS KKR Capital Corp. (FSK) has a higher volatility of 7.10% compared to REX AI Equity Premium Income ETF (AIPI) at 5.30%. This indicates that FSK's price experiences larger fluctuations and is considered to be riskier than AIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSK | AIPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 5.30% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 26.75% | 13.53% | +13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.85% | 16.36% | +14.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.11% | 21.42% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.93% | 21.42% | +6.51% |
Dividends
FSK vs. AIPI - Dividend Comparison
FSK's dividend yield for the trailing twelve months is around 23.33%, less than AIPI's 36.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIPI REX AI Equity Premium Income ETF | 36.97% | 37.84% | 18.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSK FS KKR Capital Corp. | 23.33% | 18.91% | 13.35% | 14.77% | 15.20% | 11.80% | 15.46% | 12.40% | 16.41% | 11.68% | 8.65% | 9.91% |
Frequently Asked Questions
FSK and AIPI have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSK has higher volatility (7.10%) compared to AIPI (5.30%). In terms of maximum drawdown, FSK dropped -67.20% vs AIPI's -25.25%.
AIPI currently has the higher Sharpe Ratio (1.38 vs -1.26), 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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