FSK vs TPVG: Correlation
Measured on weekly returns over the past three years, FS KKR Capital Corp. (FSK) and TriplePoint Venture Growth BDC Corp. (TPVG) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSK and TPVG?
Over the past 3 years, FSK and TPVG moved with a correlation of 0.66, which is strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 598.5 %².
Among the 17 assets we track against FSK, TPVG ranks #7 by 3-year correlation. On 12-month performance TPVG holds a 14.0-point edge, -19.1% against -5.1%.
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 TPVG: side by side
| FSK (FS KKR Capital Corp.) | TPVG (TriplePoint Venture Growth BDC Corp.) | |
|---|---|---|
| 1-year return | -19.1% | -5.1% |
| 5-year return | +10.8% | -31.0% |
| Volatility (ann.) | 26.7% | 33.8% |
| Beta vs S&P 500 | 0.63 | 1.06 |
| Max drawdown (3Y) | -51.0% | -43.4% |
| Market cap | $3.4B | $0.2B |
| P/E (trailing) | – | 5.4 |
| Dividend yield | 17.68% | 17.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSK | TPVG |
|---|---|---|
| 2022 | -4.7% | -34.7% |
| 2023 | +33.0% | +20.3% |
| 2024 | +25.7% | -20.0% |
| 2025 | -20.4% | +3.9% |
| 2026 | -9.9% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSK and TPVG good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FSK and TPVG?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.73 over the last year and 0.63 over 5 years.
Is TPVG a good diversifier for FSK?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fsk-vs-tpvg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fsk-vs-tpvg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FSK correlations · TPVG correlations
