OBDC vs. FSK

Last updated Apr 1, 2026

Compare and contrast key facts about Blue Owl Capital Corporation (OBDC) and FS KKR Capital Corp. (FSK).

Performance

OBDC vs. FSK - Performance Comparison

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

OBDC vs. FSK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
OBDC Blue Owl Capital Corporation	-7.89%	-7.87%	14.69%	43.51%	-9.48%	21.99%	-19.52%	20.08%
FSK FS KKR Capital Corp.	-27.89%	-20.38%	25.71%	33.04%	-4.71%	41.59%	-10.27%	9.14%

Fundamentals

EPS OBDC : $1.49 FSK : $0.67
PE Ratio OBDC : 7.41 FSK : 15.21
PEG Ratio OBDC : 11.13 FSK : 0.07
PS Ratio OBDC : 2.27 FSK : 3.61
Total Revenue (TTM) OBDC : $1.66B FSK : $527.00M
Gross Profit (TTM) OBDC : $573.44M FSK : $178.00M
EBITDA (TTM) OBDC : $520.70M FSK : $140.00M

Returns By Period

In the year-to-date period, OBDC achieves a -7.89% return, which is significantly higher than FSK's -27.89% return.

OBDC

• 1D: 5.13%
• 1M: 1.41%
• YTD: -7.89%
• 6M: -7.67%
• 1Y: -14.92%
• 3Y*: 7.50%
• 5Y*: 6.41%
• 10Y*: —

FSK

• 1D: 2.31%
• 1M: -1.11%
• YTD: -27.89%
• 6M: -25.16%
• 1Y: -42.44%
• 3Y*: -4.44%
• 5Y*: 0.62%
• 10Y*: 1.64%

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

Return for Risk

OBDC vs. FSK — Risk / Return Rank

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

OBDC

OBDC Risk / Return Rank: 18
OBDC Sharpe Ratio Rank: 17
OBDC Sortino Ratio Rank: 16
OBDC Omega Ratio Rank: 17
OBDC Calmar Ratio Rank: 21
OBDC Martin Ratio Rank: 18

FSK

FSK Risk / Return Rank: 5
FSK Sharpe Ratio Rank: 1
FSK Sortino Ratio Rank: 3
FSK Omega Ratio Rank: 3
FSK Calmar Ratio Rank: 12
FSK Martin Ratio Rank: 7

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.

OBDC vs. FSK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blue Owl Capital Corporation (OBDC) and FS KKR Capital Corp. (FSK). 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.

	OBDC	FSK	Difference
Sharpe ratio Return per unit of total volatility	-0.58	-1.35	+0.77
Sortino ratio Return per unit of downside risk	-0.69	-1.94	+1.24
Omega ratio Gain probability vs. loss probability	0.91	0.73	+0.18
Calmar ratio Return relative to maximum drawdown	-0.63	-0.83	+0.21
Martin ratio Return relative to average drawdown	-1.26	-1.63	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OBDC vs. FSK - Sharpe Ratio Comparison

The current OBDC Sharpe Ratio is -0.58, which is higher than the FSK Sharpe Ratio of -1.35. The chart below compares the historical Sharpe Ratios of OBDC and FSK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OBDC	FSK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	-1.35	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.03	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.08	+0.15

Correlation

The correlation between OBDC and FSK is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

OBDC vs. FSK - Dividend Comparison

OBDC's dividend yield for the trailing twelve months is around 13.65%, less than FSK's 25.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OBDC Blue Owl Capital Corporation	13.65%	12.55%	11.38%	10.77%	11.17%	8.76%	12.32%	3.80%	0.00%	0.00%	0.00%	0.00%
FSK FS KKR Capital Corp.	25.34%	18.91%	13.35%	14.77%	15.20%	11.80%	15.46%	12.40%	16.41%	11.68%	8.65%	9.91%

Drawdowns

OBDC vs. FSK - Drawdown Comparison

The maximum OBDC drawdown since its inception was -56.07%, smaller than the maximum FSK drawdown of -67.20%. Use the drawdown chart below to compare losses from any high point for OBDC and FSK.

Drawdown Indicators

	OBDC	FSK	Difference
Max Drawdown Largest peak-to-trough decline	-56.07%	-67.20%	+11.13%
Max Drawdown (1Y) Largest decline over 1 year	-23.90%	-51.01%	+27.11%
Max Drawdown (5Y) Largest decline over 5 years	-28.26%	-51.03%	+22.77%
Max Drawdown (10Y) Largest decline over 10 years	—	-67.20%	—
Current Drawdown Current decline from peak	-19.55%	-48.17%	+28.62%
Average Drawdown Average peak-to-trough decline	-10.45%	-13.01%	+2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.87%	26.14%	-14.27%

Volatility

OBDC vs. FSK - Volatility Comparison

The current volatility for Blue Owl Capital Corporation (OBDC) is 8.09%, while FS KKR Capital Corp. (FSK) has a volatility of 9.94%. This indicates that OBDC experiences smaller price fluctuations and is considered to be less risky than FSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OBDC	FSK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.09%	9.94%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	18.50%	24.49%	-5.99%
Volatility (1Y) Calculated over the trailing 1-year period	25.92%	31.59%	-5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.33%	23.44%	-3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.12%	27.60%	-0.48%

Financials