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.
GBDC vs. MAIN
Compare and contrast key facts about Golub Capital BDC, Inc. (GBDC) and Main Street Capital Corporation (MAIN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBDC or MAIN.
Performance
GBDC vs. MAIN - Performance Comparison
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Key characteristics
GBDC:
0.07
MAIN:
1.30
GBDC:
0.33
MAIN:
1.85
GBDC:
1.05
MAIN:
1.27
GBDC:
0.16
MAIN:
1.38
GBDC:
0.45
MAIN:
4.55
GBDC:
5.98%
MAIN:
6.37%
GBDC:
18.70%
MAIN:
21.65%
GBDC:
-48.15%
MAIN:
-64.53%
GBDC:
-3.38%
MAIN:
-7.83%
Fundamentals
GBDC:
$4.03B
MAIN:
$5.08B
GBDC:
$1.09
MAIN:
$5.92
GBDC:
13.88
MAIN:
9.64
GBDC:
1.51
MAIN:
2.09
GBDC:
4.85
MAIN:
9.29
GBDC:
0.98
MAIN:
1.78
GBDC:
$567.21M
MAIN:
$735.48M
GBDC:
$300.65M
MAIN:
$607.66M
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
2.62%
4.40%
3.37%
1.38%
13.42%
15.09%
7.99%
MAIN
0.12%
5.02%
7.68%
27.99%
23.96%
21.73%
14.88%
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Risk-Adjusted Performance
GBDC vs. MAIN — Risk-Adjusted Performance Rank
GBDC
MAIN
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.
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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.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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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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.
Total Revenue: Total amount of money received from sales and other business activities
GBDC vs. MAIN - Profitability Comparison
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%.