FRTY vs. MAIN

Last updated Jun 4, 2026

FRTY (Alger Mid Cap 40 ETF) is Mid Cap Growth Equities fund actively managed by Alger Group Holdings LLC, while MAIN (Main Street Capital Corporation) is a stock. Over the past 5 years, FRTY returned 4.95%/yr vs 12.47%/yr for MAIN. At a 0.43 correlation, their price movements are largely independent.

Performance

FRTY vs. MAIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alger Mid Cap 40 ETF (FRTY) and Main Street Capital Corporation (MAIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRTY achieves a 12.43% return, which is significantly higher than MAIN's -13.65% return.

FRTY

• 1D: -0.76%
• 1M: 10.48%
• YTD: 12.43%
• 6M: 12.10%
• 1Y: 30.04%
• 3Y*: 23.96%
• 5Y*: 4.95%
• 10Y*: —

MAIN

• 1D: -1.67%
• 1M: -8.64%
• YTD: -13.65%
• 6M: -11.32%
• 1Y: -3.49%
• 3Y*: 17.00%
• 5Y*: 12.47%
• 10Y*: 12.73%

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

FRTY vs. MAIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FRTY Alger Mid Cap 40 ETF	12.43%	12.82%	38.86%	16.81%	-42.23%	2.07%
MAIN Main Street Capital Corporation	-13.65%	10.74%	47.30%	28.22%	-11.37%	29.20%

Correlation

The correlation between FRTY and MAIN is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 2, 2021	0.43

The correlation between FRTY and MAIN shifts across timeframes, from 0.30 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FRTY vs. MAIN — Risk / Return Rank

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

FRTY

FRTY Risk / Return Rank: 30
FRTY Sharpe Ratio Rank: 32
FRTY Sortino Ratio Rank: 31
FRTY Omega Ratio Rank: 30
FRTY Calmar Ratio Rank: 31
FRTY Martin Ratio Rank: 28

MAIN

MAIN Risk / Return Rank: 32
MAIN Sharpe Ratio Rank: 35
MAIN Sortino Ratio Rank: 29
MAIN Omega Ratio Rank: 29
MAIN Calmar Ratio Rank: 35
MAIN Martin Ratio Rank: 35

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.

FRTY vs. MAIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap 40 ETF (FRTY) 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.

	FRTY	MAIN	Difference
Sharpe ratio: Return per unit of total volatility	1.17	-0.14	+1.31
Sortino ratio: Return per unit of downside risk	1.66	-0.03	+1.69
Omega ratio: Gain probability vs. loss probability	1.20	1.00	+0.21
Calmar ratio: Return relative to maximum drawdown	1.53	-0.16	+1.68
Martin ratio: Return relative to average drawdown	3.97	-0.33	+4.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRTY vs. MAIN - Sharpe Ratio Comparison

The current FRTY Sharpe Ratio is 1.17, which is higher than the MAIN Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of FRTY and MAIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FRTY	MAIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	-0.14	+1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.58	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.55	-0.42

Drawdowns

FRTY vs. MAIN - Drawdown Comparison

The maximum FRTY drawdown since its inception was -53.15%, smaller than the maximum MAIN drawdown of -64.53%. Use the drawdown chart below to compare losses from any high point for FRTY and MAIN.

Drawdown Indicators

	FRTY	MAIN	Difference
Max Drawdown Largest peak-to-trough decline	-53.15%	-64.53%	+11.38%
Max Drawdown (1Y) Largest decline over 1 year	-19.75%	-22.43%	+2.68%
Max Drawdown (3Y) Largest decline over 3 years	-31.48%	-22.43%	-9.05%
Max Drawdown (5Y) Largest decline over 5 years	-53.15%	-27.06%	-26.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-64.53%	—
Current Drawdown Current decline from peak	-0.76%	-20.74%	+19.98%
Average Drawdown Average peak-to-trough decline	-27.97%	-7.29%	-20.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.59%	10.72%	-3.13%

Volatility

FRTY vs. MAIN - Volatility Comparison

Alger Mid Cap 40 ETF (FRTY) and Main Street Capital Corporation (MAIN) have volatilities of 9.01% and 8.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRTY	MAIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	8.82%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	18.38%	20.33%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	25.86%	24.81%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.19%	21.56%	+5.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.11%	27.29%	-0.18%

Dividends

FRTY vs. MAIN - Dividend Comparison

FRTY's dividend yield for the trailing twelve months is around 0.17%, less than MAIN's 8.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRTY Alger Mid Cap 40 ETF	0.17%	0.19%	0.10%	0.00%	0.00%	5.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MAIN Main Street Capital Corporation	8.44%	7.00%	7.02%	8.55%	7.97%	5.74%	6.99%	6.76%	8.43%	7.49%	7.42%	9.15%

Frequently Asked Questions

Can I hold both FRTY and MAIN in my portfolio?

FRTY and MAIN have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRTY or MAIN?

FRTY has higher volatility (9.01%) compared to MAIN (8.82%). In terms of maximum drawdown, FRTY dropped -53.15% vs MAIN's -64.53%.

Which has better risk-adjusted returns?

FRTY currently has the higher Sharpe Ratio (1.17 vs -0.14), 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.