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GBDC vs. MAIN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between GBDC and MAIN is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

GBDC vs. MAIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Golub Capital BDC, Inc. (GBDC) and Main Street Capital Corporation (MAIN). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

GBDC:

0.07

MAIN:

1.30

Sortino Ratio

GBDC:

0.33

MAIN:

1.85

Omega Ratio

GBDC:

1.05

MAIN:

1.27

Calmar Ratio

GBDC:

0.16

MAIN:

1.38

Martin Ratio

GBDC:

0.45

MAIN:

4.55

Ulcer Index

GBDC:

5.98%

MAIN:

6.37%

Daily Std Dev

GBDC:

18.70%

MAIN:

21.65%

Max Drawdown

GBDC:

-48.15%

MAIN:

-64.53%

Current Drawdown

GBDC:

-3.38%

MAIN:

-7.83%

Fundamentals

Market Cap

GBDC:

$4.03B

MAIN:

$5.08B

EPS

GBDC:

$1.09

MAIN:

$5.92

PE Ratio

GBDC:

13.88

MAIN:

9.64

PEG Ratio

GBDC:

1.51

MAIN:

2.09

PS Ratio

GBDC:

4.85

MAIN:

9.29

PB Ratio

GBDC:

0.98

MAIN:

1.78

Total Revenue (TTM)

GBDC:

$567.21M

MAIN:

$735.48M

Gross Profit (TTM)

GBDC:

$300.65M

MAIN:

$607.66M

EBITDA (TTM)

GBDC:

$293.91M

MAIN:

$544.08M

Returns By Period

In the year-to-date period, GBDC achieves a 2.62% return, which is significantly higher than MAIN's 0.12% return. Over the past 10 years, GBDC has underperformed MAIN with an annualized return of 7.99%, while MAIN has yielded a comparatively higher 14.88% annualized return.


GBDC

YTD

2.62%

1M

4.40%

6M

3.37%

1Y

1.38%

3Y*

13.42%

5Y*

15.09%

10Y*

7.99%

MAIN

YTD

0.12%

1M

5.02%

6M

7.68%

1Y

27.99%

3Y*

23.96%

5Y*

21.73%

10Y*

14.88%

*Annualized

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Golub Capital BDC, Inc.

Main Street Capital Corporation

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

GBDC vs. MAIN — Risk-Adjusted Performance Rank

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

GBDC
The Risk-Adjusted Performance Rank of GBDC is 5252
Overall Rank
The Sharpe Ratio Rank of GBDC is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of GBDC is 4646
Sortino Ratio Rank
The Omega Ratio Rank of GBDC is 4646
Omega Ratio Rank
The Calmar Ratio Rank of GBDC is 5959
Calmar Ratio Rank
The Martin Ratio Rank of GBDC is 5757
Martin Ratio Rank

MAIN
The Risk-Adjusted Performance Rank of MAIN is 8585
Overall Rank
The Sharpe Ratio Rank of MAIN is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of MAIN is 8383
Sortino Ratio Rank
The Omega Ratio Rank of MAIN is 8484
Omega Ratio Rank
The Calmar Ratio Rank of MAIN is 8888
Calmar Ratio Rank
The Martin Ratio Rank of MAIN is 8484
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GBDC vs. MAIN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Golub Capital BDC, Inc. (GBDC) 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.


The current GBDC Sharpe Ratio is 0.07, which is lower than the MAIN Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of GBDC and MAIN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

GBDC vs. MAIN - Dividend Comparison

GBDC's dividend yield for the trailing twelve months is around 8.70%, more than MAIN's 7.29% yield.


TTM20242023202220212020201920182017201620152014
GBDC
Golub Capital BDC, Inc.
8.70%12.14%10.00%9.35%7.58%8.37%5.91%8.49%7.47%8.32%7.70%7.14%
MAIN
Main Street Capital Corporation
7.29%7.02%8.55%7.97%5.74%6.99%6.76%8.43%7.02%7.42%9.15%8.72%

Drawdowns

GBDC vs. MAIN - Drawdown Comparison

The maximum GBDC drawdown since its inception was -48.15%, smaller than the maximum MAIN drawdown of -64.53%. Use the drawdown chart below to compare losses from any high point for GBDC and MAIN.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

GBDC vs. MAIN - Volatility Comparison

The current volatility for Golub Capital BDC, Inc. (GBDC) is 5.11%, while Main Street Capital Corporation (MAIN) has a volatility of 6.51%. This indicates that GBDC 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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Financials

GBDC vs. MAIN - Financials Comparison

This section allows you to compare key financial metrics between Golub Capital BDC, 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


50.00M100.00M150.00M200.00M20212022202320242025
154.11M
170.69M
(GBDC) Total Revenue
(MAIN) Total Revenue
Values in USD except per share items

GBDC vs. MAIN - Profitability Comparison

The chart below illustrates the profitability comparison between Golub Capital BDC, Inc. and Main Street Capital Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

0.0%20.0%40.0%60.0%80.0%100.0%20212022202320242025
56.2%
81.7%
(GBDC) Gross Margin
(MAIN) Gross Margin
GBDC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Golub Capital BDC, Inc. reported a gross profit of 86.68M and revenue of 154.11M. Therefore, the gross margin over that period was 56.2%.

MAIN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Main Street Capital Corporation reported a gross profit of 139.52M and revenue of 170.69M. Therefore, the gross margin over that period was 81.7%.

GBDC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Golub Capital BDC, Inc. reported an operating income of 78.84M and revenue of 154.11M, resulting in an operating margin of 51.2%.

MAIN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Main Street Capital Corporation reported an operating income of 123.46M and revenue of 170.69M, resulting in an operating margin of 72.3%.

GBDC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Golub Capital BDC, Inc. reported a net income of 78.98M and revenue of 154.11M, resulting in a net margin of 51.3%.

MAIN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Main Street Capital Corporation reported a net income of 116.08M and revenue of 170.69M, resulting in a net margin of 68.0%.