FSK vs. T

Last updated Jun 9, 2026

FSK (FS KKR Capital Corp.) and T (AT&T Inc.) are both stocks. FSK operates in Asset Management (Financial Services), while T operates in Telecom Services (Communication Services). Over the past 10 years, FSK returned 2.27%/yr vs 2.86%/yr for T. At a 0.27 correlation, their price movements are largely independent.

Performance

FSK vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FS KKR Capital Corp. (FSK) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSK achieves a -24.63% return, which is significantly lower than T's -7.40% return. Over the past 10 years, FSK has underperformed T with an annualized return of 2.27%, while T has yielded a comparatively higher 2.86% annualized return.

FSK

• 1D: -0.56%
• 1M: -1.85%
• YTD: -24.63%
• 6M: -28.17%
• 1Y: -40.83%
• 3Y*: -5.35%
• 5Y*: -1.31%
• 10Y*: 2.27%

T

• 1D: -1.10%
• 1M: -10.57%
• YTD: -7.40%
• 6M: -7.40%
• 1Y: -16.38%
• 3Y*: 18.39%
• 5Y*: 6.60%
• 10Y*: 2.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSK vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSK FS KKR Capital Corp.	-24.63%	-20.38%	25.71%	33.04%	-4.71%	41.59%	-10.27%	33.89%	-20.23%	-21.23%
T AT&T Inc.	-7.40%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between FSK and T is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.23
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	0.27

Over the past year, the correlation between FSK and T has dropped to 0.01 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.

Fundamentals

EPS FSK : -$0.39 T : $3.04
PS Ratio FSK : 3.73 T : 1.29
Total Revenue (TTM) FSK : $798.00M T : $125.65B
Gross Profit (TTM) FSK : $172.00M T : $105.41B
EBITDA (TTM) FSK : $110.43M T : $54.70B

Return for Risk

FSK vs. T — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSK

FSK Risk / Return Rank: 6
FSK Sharpe Ratio Rank: 1
FSK Sortino Ratio Rank: 3
FSK Omega Ratio Rank: 3
FSK Calmar Ratio Rank: 11
FSK Martin Ratio Rank: 13

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

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. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FS KKR Capital Corp. (FSK) and AT&T Inc. (T). 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.

	FSK	T	Difference
Sharpe ratio: Return per unit of total volatility	-1.34	-0.75	-0.59
Sortino ratio: Return per unit of downside risk	-1.92	-0.98	-0.94
Omega ratio: Gain probability vs. loss probability	0.75	0.89	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.80	-0.75	-0.05
Martin ratio: Return relative to average drawdown	-1.26	-1.59	+0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSK vs. T - Sharpe Ratio Comparison

The current FSK Sharpe Ratio is -1.34, which is lower than the T Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of FSK and T, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSK	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.34	-0.75	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.28	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.12	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.38	-0.28

Drawdowns

FSK vs. T - Drawdown Comparison

The maximum FSK drawdown since its inception was -67.20%, roughly equal to the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for FSK and T.

Drawdown Indicators

	FSK	T	Difference
Max Drawdown Largest peak-to-trough decline	-67.20%	-64.15%	-3.05%
Max Drawdown (1Y) Largest decline over 1 year	-51.01%	-21.87%	-29.14%
Max Drawdown (3Y) Largest decline over 3 years	-51.03%	-21.87%	-29.16%
Max Drawdown (5Y) Largest decline over 5 years	-51.03%	-32.01%	-19.02%
Max Drawdown (10Y) Largest decline over 10 years	-67.20%	-42.35%	-24.85%
Current Drawdown Current decline from peak	-45.83%	-21.87%	-23.96%
Average Drawdown Average peak-to-trough decline	-13.50%	-15.72%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.40%	10.34%	+22.06%

Volatility

FSK vs. T - Volatility Comparison

The current volatility for FS KKR Capital Corp. (FSK) is 6.18%, while AT&T Inc. (T) has a volatility of 7.50%. This indicates that FSK experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSK	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	7.50%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	26.52%	17.57%	+8.95%
Volatility (1Y) Calculated over the trailing 1-year period	30.67%	21.98%	+8.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.07%	23.97%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.92%	23.71%	+4.21%

Dividends

FSK vs. T - Dividend Comparison

FSK's dividend yield for the trailing twelve months is around 24.25%, more than T's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSK FS KKR Capital Corp.	24.25%	18.91%	13.35%	14.77%	15.20%	11.80%	15.46%	12.40%	16.41%	11.68%	8.65%	9.91%
T AT&T Inc.	4.93%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Financials

Frequently Asked Questions

Can I hold both FSK and T in my portfolio?

FSK and T have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSK or T?

T has higher volatility (7.50%) compared to FSK (6.18%). In terms of maximum drawdown, FSK dropped -67.20% vs T's -64.15%.

Which has better risk-adjusted returns?

T currently has the higher Sharpe Ratio (-0.75 vs -1.34), 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.