BXMT vs. MAIN
BXMT (Blackstone Mortgage Trust, Inc.) and MAIN (Main Street Capital Corporation) are both stocks. BXMT operates in REIT - Mortgage (Real Estate), while MAIN operates in Asset Management (Financial Services). Over the past 10 years, BXMT returned 5.06%/yr vs 13.01%/yr for MAIN. At a 0.31 correlation, their price movements are largely independent.
Performance
BXMT vs. MAIN - Performance Comparison
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Returns By Period
In the year-to-date period, BXMT achieves a -1.14% return, which is significantly higher than MAIN's -11.42% return. Over the past 10 years, BXMT has underperformed MAIN with an annualized return of 5.06%, while MAIN has yielded a comparatively higher 13.01% annualized return.
BXMT
- 1D
- 2.44%
- 1M
- -3.50%
- YTD
- -1.14%
- 6M
- -1.51%
- 1Y
- 8.56%
- 3Y*
- 10.99%
- 5Y*
- -1.12%
- 10Y*
- 5.06%
MAIN
- 1D
- 2.58%
- 1M
- -8.89%
- YTD
- -11.42%
- 6M
- -9.99%
- 1Y
- -1.33%
- 3Y*
- 17.83%
- 5Y*
- 13.05%
- 10Y*
- 13.01%
BXMT vs. MAIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BXMT Blackstone Mortgage Trust, Inc. | -1.14% | 21.13% | -7.90% | 13.46% | -24.03% | 20.27% | -17.83% | 25.16% | 6.95% | 15.77% |
MAIN Main Street Capital Corporation | -11.42% | 10.74% | 47.30% | 28.22% | -11.37% | 48.31% | -19.54% | 36.88% | -8.27% | 16.62% |
Correlation
The correlation between BXMT and MAIN is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2007 | 0.31 |
The correlation between BXMT and MAIN shifts across timeframes, from 0.31 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BXMT:
$3.12B
MAIN:
$4.72B
BXMT:
$0.61
MAIN:
$5.22
BXMT:
30.43
MAIN:
9.97
BXMT:
1.50
MAIN:
1.14
BXMT:
2.05
MAIN:
6.63
BXMT:
0.91
MAIN:
1.52
BXMT:
$1.54B
MAIN:
$704.17M
BXMT:
$960.53M
MAIN:
$499.08M
BXMT:
$957.49M
MAIN:
$396.90M
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Return for Risk
BXMT vs. MAIN — Risk / Return Rank
BXMT
MAIN
BXMT vs. MAIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Mortgage Trust, Inc. (BXMT) and Main Street Capital Corporation (MAIN). 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.
| BXMT | MAIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.01 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | -0.06 | +0.77 |
| Martin ratioReturn relative to average drawdown | 1.68 | -0.12 | +1.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BXMT | MAIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | -0.05 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.61 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.48 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.56 | -0.48 |
Drawdowns
BXMT vs. MAIN - Drawdown Comparison
The maximum BXMT drawdown since its inception was -97.98%, which is greater than MAIN's maximum drawdown of -64.53%. Use the drawdown chart below to compare losses from any high point for BXMT and MAIN.
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Drawdown Indicators
| BXMT | MAIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.98% | -64.53% | -33.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.02% | -22.43% | +10.41% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | -22.43% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -43.02% | -27.06% | -15.96% |
Max Drawdown (10Y)Largest decline over 10 years | -67.86% | -64.53% | -3.33% |
Current DrawdownCurrent decline from peak | -33.64% | -18.69% | -14.95% |
Average DrawdownAverage peak-to-trough decline | -49.07% | -7.29% | -41.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 10.79% | -5.68% |
Volatility
BXMT vs. MAIN - Volatility Comparison
The current volatility for Blackstone Mortgage Trust, Inc. (BXMT) is 7.68%, while Main Street Capital Corporation (MAIN) has a volatility of 8.72%. This indicates that BXMT experiences smaller price fluctuations and is considered to be less risky than MAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXMT | MAIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 8.72% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 16.61% | 20.50% | -3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 24.94% | -3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.74% | 21.58% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.61% | 27.30% | +5.31% |
Dividends
BXMT vs. MAIN - Dividend Comparison
BXMT's dividend yield for the trailing twelve months is around 10.19%, more than MAIN's 8.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXMT Blackstone Mortgage Trust, Inc. | 10.19% | 9.83% | 12.52% | 11.66% | 11.71% | 8.10% | 9.01% | 6.66% | 7.78% | 7.71% | 8.25% | 8.52% |
MAIN Main Street Capital Corporation | 8.23% | 7.00% | 7.02% | 8.55% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.49% | 7.42% | 9.15% |
Financials
BXMT vs. MAIN - Financials Comparison
This section allows you to compare key financial metrics between Blackstone Mortgage Trust, Inc. and Main Street Capital Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BXMT vs. MAIN - Profitability Comparison
BXMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blackstone Mortgage Trust, Inc. reported a gross profit of 77.44M and revenue of 380.15M. Therefore, the gross margin over that period was 20.4%.
MAIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Main Street Capital Corporation reported a gross profit of 0.00 and revenue of 140.11M. Therefore, the gross margin over that period was 0.0%.
BXMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blackstone Mortgage Trust, Inc. reported an operating income of 48.65M and revenue of 380.15M, resulting in an operating margin of 12.8%.
MAIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Main Street Capital Corporation reported an operating income of 0.00 and revenue of 140.11M, resulting in an operating margin of 0.0%.
BXMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blackstone Mortgage Trust, Inc. reported a net income of -6.30M and revenue of 380.15M, resulting in a net margin of -1.7%.
MAIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Main Street Capital Corporation reported a net income of 90.82M and revenue of 140.11M, resulting in a net margin of 64.8%.
Frequently Asked Questions
BXMT and MAIN have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAIN has higher volatility (8.72%) compared to BXMT (7.68%). In terms of maximum drawdown, BXMT dropped -97.98% vs MAIN's -64.53%.
BXMT currently has the higher Sharpe Ratio (0.40 vs -0.05), 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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