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 0.88%/yr vs 5.37%/yr for OBDC. Their 0.61 correlation means they have sometimes moved together and sometimes differently.
Performance
FSK vs. OBDC - Performance Comparison
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Returns By Period
In the year-to-date period, FSK achieves a -22.09% return, which is significantly lower than OBDC's -7.91% return.
FSK
- 1D
- 0.09%
- 1M
- 1.34%
- 6M
- -16.33%
- YTD
- -22.09%
- 1Y
- -38.57%
- 3Y*
- -6.06%
- 5Y*
- 0.88%
- 10Y*
- 1.95%
- ALL TIME*
- 2.91%
OBDC
- 1D
- -0.37%
- 1M
- -0.65%
- 6M
- -4.61%
- YTD
- -7.91%
- 1Y
- -13.74%
- 3Y*
- 2.78%
- 5Y*
- 5.37%
- 10Y*
- —
- ALL TIME*
- 5.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.70M | $25.56M | $32.14M | |
| $37.00M | $38.16M | $40.41M |
FSK vs. OBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FSK FS KKR Capital Corp. | -22.09% | -20.38% | 25.71% | 33.04% | -4.71% | 41.59% | -10.27% | 9.14% |
OBDC Blue Owl Capital Corporation | -7.91% | -7.87% | 14.69% | 43.51% | -9.48% | 21.99% | -19.52% | 20.00% |
Correlation
The correlation between FSK and OBDC is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
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 0.71 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FSK:
$2.96B
OBDC:
$5.34B
FSK:
-$0.39
OBDC:
$1.08
FSK:
3.71
OBDC:
4.06
FSK:
0.56
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 | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.91 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.75 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.29 | -1.25 | -0.04 |
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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 | -46.28% | -20.09% | -26.19% |
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 | -44.01% | -19.57% | -24.44% |
Average DrawdownAverage peak-to-trough decline | -13.86% | -10.83% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.10% | 11.98% | +20.12% |
Volatility
FSK vs. OBDC - Volatility Comparison
FS KKR Capital Corp. (FSK) has a higher volatility of 6.81% compared to Blue Owl Capital Corporation (OBDC) at 5.15%. This indicates that FSK's price experiences larger fluctuations and is considered to be riskier 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 | 6.81% | 5.15% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 27.21% | 18.88% | +8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.46% | 23.58% | +7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.26% | 20.83% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.99% | 26.93% | +1.06% |
Dividends
FSK vs. OBDC - Dividend Comparison
FSK's dividend yield for the trailing twelve months is around 21.76%, more than OBDC's 13.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSK FS KKR Capital Corp. | 21.76% | 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 | 13.40% | 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSK has higher volatility (6.81%) compared to OBDC (5.15%). In terms of maximum drawdown, FSK dropped -67.20% vs OBDC's -56.07%.
OBDC currently has the higher Sharpe Ratio (-0.64 vs -1.27), 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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