Correlation Between WisdomTree and FS KKR
Can any of the company-specific risk be diversified away by investing in both WisdomTree and FS KKR at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining WisdomTree and FS KKR into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between WisdomTree and FS KKR Capital, you can compare the effects of market volatilities on WisdomTree and FS KKR and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in WisdomTree with a short position of FS KKR. Check out your portfolio center. Please also check ongoing floating volatility patterns of WisdomTree and FS KKR.
Diversification Opportunities for WisdomTree and FS KKR
-0.82 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between WisdomTree and FSK is -0.82. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree and FS KKR Capital in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FS KKR Capital and WisdomTree is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on WisdomTree are associated (or correlated) with FS KKR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FS KKR Capital has no effect on the direction of WisdomTree i.e., WisdomTree and FS KKR go up and down completely randomly.
Pair Corralation between WisdomTree and FS KKR
Allowing for the 90-day total investment horizon WisdomTree is expected to generate 1.45 times more return on investment than FS KKR. However, WisdomTree is 1.45 times more volatile than FS KKR Capital. It trades about 0.32 of its potential returns per unit of risk. FS KKR Capital is currently generating about -0.1 per unit of risk. If you would invest 1,110 in WisdomTree on November 18, 2025 and sell it today you would earn a total of 525.00 from holding WisdomTree or generate 47.3% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
WisdomTree vs. FS KKR Capital
Performance |
| Timeline |
| WisdomTree |
| FS KKR Capital |
WisdomTree and FS KKR Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with WisdomTree and FS KKR
The main advantage of trading using opposite WisdomTree and FS KKR positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if WisdomTree position performs unexpectedly, FS KKR can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FS KKR will offset losses from the drop in FS KKR's long position.| WisdomTree vs. Acadian Asset Management | WisdomTree vs. Tri Continental Closed | WisdomTree vs. Grab Holdings | WisdomTree vs. Oxford Lane Capital |
| FS KKR vs. BlackRock TCP Capital | FS KKR vs. Triplepoint Venture Growth | FS KKR vs. Sixth Street Specialty | FS KKR vs. Golub Capital BDC |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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