FRTY vs. MAIN
Compare and contrast key facts about Alger Mid Cap 40 ETF (FRTY) and Main Street Capital Corporation (MAIN).
FRTY is an actively managed fund by Alger Group Holdings LLC. It was launched on Feb 26, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRTY or MAIN.
Key characteristics
| FRTY | MAIN | |
|---|---|---|
| YTD Return | 41.10% | 30.22% |
| 1Y Return | 56.23% | 40.75% |
| 3Y Return (Ann) | -8.36% | 13.49% |
| Sharpe Ratio | 2.50 | 2.98 |
| Sortino Ratio | 3.15 | 3.78 |
| Omega Ratio | 1.43 | 1.57 |
| Calmar Ratio | 1.11 | 4.32 |
| Martin Ratio | 15.67 | 16.58 |
| Ulcer Index | 3.65% | 2.50% |
| Daily Std Dev | 22.88% | 13.90% |
| Max Drawdown | -55.59% | -64.53% |
| Current Drawdown | -24.55% | -0.27% |
Correlation
The correlation between FRTY and MAIN is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FRTY vs. MAIN - Performance Comparison
In the year-to-date period, FRTY achieves a 41.10% return, which is significantly higher than MAIN's 30.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FRTY vs. MAIN - Risk-Adjusted Performance 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.
Dividends
FRTY vs. MAIN - Dividend Comparison
FRTY has not paid dividends to shareholders, while MAIN's dividend yield for the trailing twelve months is around 7.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRTY Alger Mid Cap 40 ETF | 0.00% | 0.00% | 0.00% | 5.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MAIN Main Street Capital Corporation | 7.86% | 8.61% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.02% | 7.42% | 9.15% | 8.72% | 8.18% |
Drawdowns
FRTY vs. MAIN - Drawdown Comparison
The maximum FRTY drawdown since its inception was -55.59%, 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. For additional features, visit the drawdowns tool.
Volatility
FRTY vs. MAIN - Volatility Comparison
Alger Mid Cap 40 ETF (FRTY) has a higher volatility of 6.15% compared to Main Street Capital Corporation (MAIN) at 4.35%. This indicates that FRTY's price experiences larger fluctuations and is considered to be riskier than MAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.