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 2.35%/yr vs 13.21%/yr for EWY. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
FSK vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, FSK achieves a -18.26% return, which is significantly lower than EWY's 64.82% return. Over the past 10 years, FSK has underperformed EWY with an annualized return of 2.35%, while EWY has yielded a comparatively higher 13.21% annualized return.
FSK
- 1D
- 4.92%
- 1M
- 6.33%
- 6M
- -10.59%
- YTD
- -18.26%
- 1Y
- -35.54%
- 3Y*
- -4.50%
- 5Y*
- 1.90%
- 10Y*
- 2.35%
- ALL TIME*
- 3.31%
EWY
- 1D
- 2.00%
- 1M
- -11.05%
- 6M
- 32.51%
- YTD
- 64.82%
- 1Y
- 131.90%
- 3Y*
- 38.47%
- 5Y*
- 14.28%
- 10Y*
- 13.21%
- ALL TIME*
- 9.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.48B | $4.44B | $4.18B | |
| $25.81M | $25.87M | $32.11M |
FSK vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSK FS KKR Capital Corp. | -18.26% | -20.38% | 25.71% | 33.04% | -4.71% | 41.59% | -10.27% | 33.89% | -20.23% | -21.23% |
EWY iShares MSCI South Korea ETF | 64.82% | 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 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.05 - 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 | -3.57 | ||
| Sortino ratioReturn per unit of downside risk | -4.28 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.38 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.88 | -4.66 |
| Martin ratioReturn relative to average drawdown | -1.18 | 13.64 | -14.82 |
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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 | -45.59% | -34.21% | -11.38% |
Max Drawdown (3Y)Largest decline over 3 years | -51.03% | -34.21% | -16.82% |
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 | -41.25% | -26.90% | -14.35% |
Average DrawdownAverage peak-to-trough decline | -13.87% | -20.10% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.94% | 9.71% | +21.23% |
Volatility
FSK vs. EWY - Volatility Comparison
The current volatility for FS KKR Capital Corp. (FSK) is 8.03%, while iShares MSCI South Korea ETF (EWY) has a volatility of 22.12%. 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 | 8.03% | 22.12% | -14.09% |
Volatility (6M)Calculated over the trailing 6-month period | 27.65% | 50.88% | -23.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.83% | 54.30% | -22.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 32.79% | -8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.04% | 29.39% | -1.35% |
Dividends
FSK vs. EWY - Dividend Comparison
FSK's dividend yield for the trailing twelve months is around 20.74%, more than EWY's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 1.27% | 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. | 20.74% | 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 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (22.12%) compared to FSK (8.03%). In terms of maximum drawdown, FSK dropped -67.20% vs EWY's -74.14%.
EWY currently has the higher Sharpe Ratio (2.45 vs -1.12), 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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