FSK vs. EWY
FSK (FS KKR Capital Corp.) is a stock, while EWY (iShares MSCI South Korea ETF) is South Korea Equities fund tracking the MSCI Korea Index. Over the past 10 years, FSK returned 2.36%/yr vs 14.68%/yr for EWY. At a 0.28 correlation, their price movements are largely independent.
Performance
FSK vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, FSK achieves a -20.47% return, which is significantly lower than EWY's 82.04% return. Over the past 10 years, FSK has underperformed EWY with an annualized return of 2.36%, while EWY has yielded a comparatively higher 14.68% annualized return.
FSK
- 1D
- -0.19%
- 1M
- 1.51%
- 6M
- -18.09%
- YTD
- -20.47%
- 1Y
- -41.05%
- 3Y*
- -4.48%
- 5Y*
- 1.27%
- 10Y*
- 2.36%
EWY
- 1D
- 5.33%
- 1M
- -10.37%
- 6M
- 64.57%
- YTD
- 82.04%
- 1Y
- 147.21%
- 3Y*
- 41.45%
- 5Y*
- 16.48%
- 10Y*
- 14.68%
FSK vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSK FS KKR Capital Corp. | -20.47% | -20.38% | 25.71% | 33.04% | -4.71% | 41.59% | -10.27% | 33.89% | -20.23% | -21.23% |
EWY iShares MSCI South Korea ETF | 82.04% | 95.33% | -20.48% | 19.05% | -26.59% | -7.58% | 39.43% | 7.97% | -20.37% | 44.97% |
Correlation
The correlation between FSK and EWY is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2014 | 0.28 |
Over the past year, the correlation between FSK and EWY has dropped to 0.08 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
FSK vs. EWY — Risk / Return Rank
FSK
EWY
FSK vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS KKR Capital Corp. (FSK) and iShares MSCI South Korea ETF (EWY). 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 | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.21 | ||
| Sortino ratioReturn per unit of downside risk | -4.93 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.44 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 6.34 | -7.15 |
| Martin ratioReturn relative to average drawdown | -1.17 | 19.66 | -20.82 |
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Drawdowns
FSK vs. EWY - Drawdown Comparison
The maximum FSK drawdown since its inception was -67.20%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for FSK and EWY.
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Drawdown Indicators
| FSK | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.20% | -74.14% | +6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -51.01% | -23.35% | -27.66% |
Max Drawdown (3Y)Largest decline over 3 years | -51.03% | -27.36% | -23.67% |
Max Drawdown (5Y)Largest decline over 5 years | -51.03% | -47.15% | -3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -67.20% | -49.73% | -17.47% |
Current DrawdownCurrent decline from peak | -42.84% | -19.26% | -23.58% |
Average DrawdownAverage peak-to-trough decline | -13.73% | -20.09% | +6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.21% | 7.52% | +27.69% |
Volatility
FSK vs. EWY - Volatility Comparison
The current volatility for FS KKR Capital Corp. (FSK) is 6.74%, while iShares MSCI South Korea ETF (EWY) has a volatility of 23.83%. This indicates that FSK experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSK | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 23.83% | -17.09% |
Volatility (6M)Calculated over the trailing 6-month period | 26.85% | 48.12% | -21.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.19% | 51.25% | -20.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.17% | 31.83% | -7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.95% | 28.84% | -0.89% |
Dividends
FSK vs. EWY - Dividend Comparison
FSK's dividend yield for the trailing twelve months is around 21.32%, more than EWY's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 1.15% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
FSK FS KKR Capital Corp. | 21.32% | 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 EWY have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (23.83%) compared to FSK (6.74%). In terms of maximum drawdown, FSK dropped -67.20% vs EWY's -74.14%.
EWY currently has the higher Sharpe Ratio (2.89 vs -1.32), 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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