FSK vs PRGO: Correlation
How closely do FS KKR Capital Corp. (FSK) and Perrigo Company plc (PRGO) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSK and PRGO?
On 3 years of weekly data the FSK/PRGO correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 526.4 %².
Within FSK's tracked universe of 17 assets, PRGO comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FSK ahead by 17.0 points (-19.1% versus -36.1%). Risk is not evenly split, since PRGO carries 1.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FSK vs PRGO: side by side
| FSK (FS KKR Capital Corp.) | PRGO (Perrigo Company plc) | |
|---|---|---|
| 1-year return | -19.1% | -36.1% |
| 5-year return | +10.8% | -56.9% |
| Volatility (ann.) | 26.7% | 43.6% |
| Beta vs S&P 500 | 0.63 | 0.82 |
| Max drawdown (3Y) | -51.0% | -71.6% |
| Market cap | $3.4B | $2.0B |
| P/E (trailing) | – | – |
| Dividend yield | 17.68% | 7.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSK | PRGO |
|---|---|---|
| 2022 | -4.7% | -9.8% |
| 2023 | +33.0% | -2.5% |
| 2024 | +25.7% | -16.9% |
| 2025 | -20.4% | -44.0% |
| 2026 | -9.9% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSK and PRGO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FSK and PRGO?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.44 over the last year and 0.41 over 5 years.
Is PRGO a good diversifier for FSK?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: FSK correlations · PRGO correlations
