FSK vs. OBDC
FSK (FS KKR Capital Corp.) and OBDC (Blue Owl Capital Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, FSK returned -0.45%/yr vs 5.05%/yr for OBDC. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
FSK vs. OBDC - Performance Comparison
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Returns By Period
In the year-to-date period, FSK achieves a -24.60% return, which is significantly lower than OBDC's -10.06% return.
FSK
- 1D
- 0.99%
- 1M
- -1.25%
- YTD
- -24.60%
- 6M
- -22.72%
- 1Y
- -39.90%
- 3Y*
- -4.13%
- 5Y*
- -0.45%
- 10Y*
- 2.19%
OBDC
- 1D
- 0.09%
- 1M
- -2.09%
- YTD
- -10.06%
- 6M
- -8.26%
- 1Y
- -14.82%
- 3Y*
- 4.74%
- 5Y*
- 5.05%
- 10Y*
- —
FSK vs. OBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FSK FS KKR Capital Corp. | -24.60% | -20.38% | 25.71% | 33.04% | -4.71% | 41.59% | -10.27% | 9.14% |
OBDC Blue Owl Capital Corporation | -10.06% | -7.87% | 14.69% | 43.51% | -9.48% | 21.99% | -19.52% | 20.00% |
Correlation
The correlation between FSK and OBDC is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019 | 0.61 |
The correlation between FSK and OBDC shifts across timeframes, from 0.61 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FSK:
$2.87B
OBDC:
$5.39B
FSK:
-$0.39
OBDC:
$1.07
FSK:
3.59
OBDC:
4.09
FSK:
0.54
OBDC:
0.75
FSK:
$798.00M
OBDC:
$1.34B
FSK:
$172.00M
OBDC:
$616.29M
FSK:
$110.43M
OBDC:
$539.15M
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Return for Risk
FSK vs. OBDC — Risk / Return Rank
FSK
OBDC
FSK vs. OBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS KKR Capital Corp. (FSK) and Blue Owl Capital Corporation (OBDC). 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 | OBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 0.91 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.62 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.19 | -1.02 | -0.17 |
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Drawdowns
FSK vs. OBDC - Drawdown Comparison
The maximum FSK drawdown since its inception was -67.20%, which is greater than OBDC's maximum drawdown of -56.07%. Use the drawdown chart below to compare losses from any high point for FSK and OBDC.
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Drawdown Indicators
| FSK | OBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.20% | -56.07% | -11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -51.01% | -23.90% | -27.11% |
Max Drawdown (3Y)Largest decline over 3 years | -51.03% | -23.90% | -27.13% |
Max Drawdown (5Y)Largest decline over 5 years | -51.03% | -28.26% | -22.77% |
Max Drawdown (10Y)Largest decline over 10 years | -67.20% | — | — |
Current DrawdownCurrent decline from peak | -45.81% | -21.44% | -24.37% |
Average DrawdownAverage peak-to-trough decline | -13.59% | -10.70% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.62% | 14.55% | +19.07% |
Volatility
FSK vs. OBDC - Volatility Comparison
The current volatility for FS KKR Capital Corp. (FSK) is 5.97%, while Blue Owl Capital Corporation (OBDC) has a volatility of 6.75%. This indicates that FSK experiences smaller price fluctuations and is considered to be less risky than OBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSK | OBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 6.75% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 26.75% | 18.90% | +7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.89% | 23.25% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.11% | 20.72% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.95% | 27.04% | +0.91% |
Dividends
FSK vs. OBDC - Dividend Comparison
FSK's dividend yield for the trailing twelve months is around 22.48%, more than OBDC's 13.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSK FS KKR Capital Corp. | 22.48% | 18.91% | 13.35% | 14.77% | 15.20% | 11.80% | 15.46% | 12.40% | 16.41% | 11.68% | 8.65% | 9.91% |
OBDC Blue Owl Capital Corporation | 13.89% | 12.55% | 11.38% | 10.77% | 11.17% | 8.76% | 12.32% | 3.80% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FSK vs. OBDC - Financials Comparison
This section allows you to compare key financial metrics between FS KKR Capital Corp. and Blue Owl Capital Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FSK vs. OBDC - Profitability Comparison
FSK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FS KKR Capital Corp. reported a gross profit of 0.00 and revenue of 304.00M. Therefore, the gross margin over that period was 0.0%.
OBDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blue Owl Capital Corporation reported a gross profit of 0.00 and revenue of 342.53M. Therefore, the gross margin over that period was 0.0%.
FSK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FS KKR Capital Corp. reported an operating income of -1.57M and revenue of 304.00M, resulting in an operating margin of -0.5%.
OBDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blue Owl Capital Corporation reported an operating income of 0.00 and revenue of 342.53M, resulting in an operating margin of 0.0%.
FSK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FS KKR Capital Corp. reported a net income of 0.00 and revenue of 304.00M, resulting in a net margin of 0.0%.
OBDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blue Owl Capital Corporation reported a net income of 159.17M and revenue of 342.53M, resulting in a net margin of 46.5%.
Frequently Asked Questions
FSK and OBDC have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OBDC has higher volatility (6.75%) compared to FSK (5.97%). In terms of maximum drawdown, FSK dropped -67.20% vs OBDC's -56.07%.
OBDC currently has the higher Sharpe Ratio (-0.64 vs -1.30), 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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