FSK vs. ULTY
FSK (FS KKR Capital Corp.) is a stock, while ULTY (YieldMax Ultra Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, FSK returned -38.11% vs 5.14% for ULTY. At a 0.33 correlation, their price movements are largely independent.
Performance
FSK vs. ULTY - Performance Comparison
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Returns By Period
In the year-to-date period, FSK achieves a -21.66% return, which is significantly lower than ULTY's 8.80% return.
FSK
- 1D
- 2.22%
- 1M
- 0.73%
- YTD
- -21.66%
- 6M
- -24.66%
- 1Y
- -38.11%
- 3Y*
- -3.98%
- 5Y*
- -0.35%
- 10Y*
- 2.76%
ULTY
- 1D
- 1.04%
- 1M
- 0.61%
- YTD
- 8.80%
- 6M
- 8.04%
- 1Y
- 5.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSK vs. ULTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSK FS KKR Capital Corp. | -21.66% | -20.38% | 35.08% |
ULTY YieldMax Ultra Option Income Strategy ETF | 8.80% | -0.84% | -4.73% |
Correlation
The correlation between FSK and ULTY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | 0.33 |
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Return for Risk
FSK vs. ULTY — Risk / Return Rank
FSK
ULTY
FSK vs. ULTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS KKR Capital Corp. (FSK) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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 | ULTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.05 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.15 | -0.91 |
| Martin ratioReturn relative to average drawdown | -1.18 | 0.29 | -1.47 |
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Drawdowns
FSK vs. ULTY - Drawdown Comparison
The maximum FSK drawdown since its inception was -67.20%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for FSK and ULTY.
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Drawdown Indicators
| FSK | ULTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.20% | -26.85% | -40.35% |
Max Drawdown (1Y)Largest decline over 1 year | -51.01% | -24.16% | -26.85% |
Max Drawdown (3Y)Largest decline over 3 years | -51.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -67.20% | — | — |
Current DrawdownCurrent decline from peak | -43.69% | -10.79% | -32.90% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -9.90% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.88% | 12.47% | +20.41% |
Volatility
FSK vs. ULTY - Volatility Comparison
The current volatility for FS KKR Capital Corp. (FSK) is 7.10%, while YieldMax Ultra Option Income Strategy ETF (ULTY) has a volatility of 8.04%. This indicates that FSK experiences smaller price fluctuations and is considered to be less risky than ULTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSK | ULTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 8.04% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 26.75% | 16.40% | +10.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.85% | 21.55% | +9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.11% | 27.32% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.93% | 27.32% | +0.61% |
Dividends
FSK vs. ULTY - Dividend Comparison
FSK's dividend yield for the trailing twelve months is around 23.33%, less than ULTY's 113.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ULTY YieldMax Ultra Option Income Strategy ETF | 113.38% | 142.99% | 111.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSK and ULTY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULTY has higher volatility (8.04%) compared to FSK (7.10%). In terms of maximum drawdown, FSK dropped -67.20% vs ULTY's -26.85%.
ULTY currently has the higher Sharpe Ratio (0.17 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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