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FSK vs. ITA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FSK vs. ITA

Last updated Jun 13, 2026

FSK (FS KKR Capital Corp.) is a stock, while ITA (iShares U.S. Aerospace & Defense ETF) is Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Over the past 10 years, FSK returned 2.76%/yr vs 15.34%/yr for ITA. At a 0.39 correlation, their price movements are largely independent.

Performance

FSK vs. ITA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FS KKR Capital Corp. (FSK) and iShares U.S. Aerospace & Defense ETF (ITA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FSK achieves a -21.66% return, which is significantly lower than ITA's 8.97% return. Over the past 10 years, FSK has underperformed ITA with an annualized return of 2.76%, while ITA has yielded a comparatively higher 15.34% annualized return.

FSK

1D
2.22%
1M
3.17%
YTD
-21.66%
6M
-24.66%
1Y
-38.72%
3Y*
-3.98%
5Y*
-0.35%
10Y*
2.76%

ITA

1D
-0.95%
1M
3.58%
YTD
8.97%
6M
11.71%
1Y
30.96%
3Y*
27.30%
5Y*
16.86%
10Y*
15.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FSK vs. ITA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FSK
FS KKR Capital Corp.		-21.66%-20.38%25.71%33.04%-4.71%41.59%-10.27%33.89%-20.23%-21.23%
ITA
iShares U.S. Aerospace & Defense ETF		8.97%48.64%15.81%14.33%9.96%9.39%-13.57%30.51%-7.22%35.24%

Correlation

The correlation between FSK and ITA is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Apr 16, 2014

0.39

Over the past year, the correlation between FSK and ITA has dropped to 0.16 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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FS KKR Capital Corp.

iShares U.S. Aerospace & Defense ETF

Often compared with FSK:
FSK vs. OBDCFSK vs. MAINFSK vs. PSECFSK vs. SCMFSK vs. SPYFSK vs. PRTFSK vs. SCHD
Often compared with ITA:
ITA vs. XARITA vs. PPAITA vs. SHLDITA vs. ARKXITA vs. VOOITA vs. FSDAXITA vs. DFEN

Return for Risk

FSK vs. ITA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FSK
FSK Risk / Return Rank: 88
Overall Rank
FSK Sharpe Ratio Rank: 22
Sharpe Ratio Rank
FSK Sortino Ratio Rank: 44
Sortino Ratio Rank
FSK Omega Ratio Rank: 44
Omega Ratio Rank
FSK Calmar Ratio Rank: 1414
Calmar Ratio Rank
FSK Martin Ratio Rank: 1717
Martin Ratio Rank
ITA
ITA Risk / Return Rank: 4444
Overall Rank
ITA Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
ITA Sortino Ratio Rank: 4848
Sortino Ratio Rank
ITA Omega Ratio Rank: 4343
Omega Ratio Rank
ITA Calmar Ratio Rank: 4545
Calmar Ratio Rank
ITA Martin Ratio Rank: 3838
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSK vs. ITA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FS KKR Capital Corp. (FSK) and iShares U.S. Aerospace & Defense ETF (ITA). 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.

FSKITADifference
Sharpe ratioReturn per unit of total volatility
-1.26
1.43

-2.69

Sortino ratioReturn per unit of downside risk
-1.77
2.11

-3.88

Omega ratioGain probability vs. loss probability

0.77

1.25

-0.48

Calmar ratioReturn relative to maximum drawdown

-0.76

1.97

-2.73

Martin ratioReturn relative to average drawdown

-1.18

5.20

-6.38

FSK vs. ITA - Sharpe Ratio Comparison

The current FSK Sharpe Ratio is -1.26, which is lower than the ITA Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of FSK and ITA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FSK vs. ITA - Drawdown Comparison

The maximum FSK drawdown since its inception was -67.20%, which is greater than ITA's maximum drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for FSK and ITA.

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Drawdown Indicators

FSKITADifference

Max Drawdown

Largest peak-to-trough decline

-67.20%

-59.72%

-7.48%

Max Drawdown (1Y)

Largest decline over 1 year

-51.01%

-15.82%

-35.19%

Max Drawdown (3Y)

Largest decline over 3 years

-51.03%

-15.82%

-35.21%

Max Drawdown (5Y)

Largest decline over 5 years

-51.03%

-18.72%

-32.31%

Max Drawdown (10Y)

Largest decline over 10 years

-67.20%

-51.00%

-16.20%

Current Drawdown

Current decline from peak

-43.69%

-6.64%

-37.05%

Average Drawdown

Average peak-to-trough decline

-13.53%

-9.45%

-4.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

32.88%

5.97%

+26.91%

Volatility

FSK vs. ITA - Volatility Comparison

The current volatility for FS KKR Capital Corp. (FSK) is 7.10%, while iShares U.S. Aerospace & Defense ETF (ITA) has a volatility of 9.07%. This indicates that FSK experiences smaller price fluctuations and is considered to be less risky than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FSKITADifference

Volatility (1M)

Calculated over the trailing 1-month period

7.10%

9.07%

-1.97%

Volatility (6M)

Calculated over the trailing 6-month period

26.75%

18.47%

+8.28%

Volatility (1Y)

Calculated over the trailing 1-year period

30.85%

21.74%

+9.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.11%

20.21%

+3.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.93%

23.22%

+4.71%

Dividends

FSK vs. ITA - Dividend Comparison

FSK's dividend yield for the trailing twelve months is around 23.33%, more than ITA's 0.46% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
ITA
iShares U.S. Aerospace & Defense ETF		0.46%0.55%0.85%0.93%0.95%0.82%1.07%1.54%1.13%0.91%1.07%1.04%

Frequently Asked Questions

FSK and ITA have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ITA has higher volatility (9.07%) compared to FSK (7.10%). In terms of maximum drawdown, FSK dropped -67.20% vs ITA's -59.72%.

ITA currently has the higher Sharpe Ratio (1.43 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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