MAIN vs. ADC
MAIN (Main Street Capital Corporation) and ADC (Agree Realty Corporation) are both stocks. MAIN operates in Asset Management (Financial Services), while ADC operates in REIT - Retail (Real Estate). Over the past 10 years, MAIN returned 13.19%/yr vs 9.94%/yr for ADC. At a 0.25 correlation, their price movements are largely independent.
Performance
MAIN vs. ADC - Performance Comparison
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Returns By Period
In the year-to-date period, MAIN achieves a -10.97% return, which is significantly lower than ADC's 7.14% return. Over the past 10 years, MAIN has outperformed ADC with an annualized return of 13.19%, while ADC has yielded a comparatively lower 9.94% annualized return.
MAIN
- 1D
- 0.54%
- 1M
- 3.63%
- YTD
- -10.97%
- 6M
- -12.92%
- 1Y
- -3.16%
- 3Y*
- 18.74%
- 5Y*
- 12.76%
- 10Y*
- 13.19%
ADC
- 1D
- 1.40%
- 1M
- 2.21%
- YTD
- 7.14%
- 6M
- 7.94%
- 1Y
- 6.13%
- 3Y*
- 9.88%
- 5Y*
- 5.59%
- 10Y*
- 9.94%
MAIN vs. ADC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | -10.97% | 10.74% | 47.30% | 28.22% | -11.37% | 48.31% | -19.54% | 36.88% | -8.27% | 16.62% |
ADC Agree Realty Corporation | 7.14% | 6.62% | 17.20% | -7.07% | 3.50% | 11.28% | -1.40% | 22.71% | 19.75% | 16.42% |
Correlation
The correlation between MAIN and ADC is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2007 | 0.25 |
Over the past year, the correlation between MAIN and ADC has dropped to 0.02 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
Fundamentals
MAIN:
$4.72B
ADC:
$9.13B
MAIN:
$5.22
ADC:
$1.91
MAIN:
9.97
ADC:
39.60
MAIN:
6.63
ADC:
11.49
MAIN:
1.52
ADC:
1.51
MAIN:
$704.17M
ADC:
$750.05M
MAIN:
$499.08M
ADC:
$667.57M
MAIN:
$396.90M
ADC:
$639.27M
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Return for Risk
MAIN vs. ADC — Risk / Return Rank
MAIN
ADC
MAIN vs. ADC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) and Agree Realty Corporation (ADC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAIN | ADC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.07 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.52 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.35 | 1.26 | -1.61 |
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Drawdowns
MAIN vs. ADC - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, smaller than the maximum ADC drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for MAIN and ADC.
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Drawdown Indicators
| MAIN | ADC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -70.25% | +5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -11.14% | -11.29% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -21.08% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -29.52% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -64.53% | -39.00% | -25.53% |
Current DrawdownCurrent decline from peak | -18.28% | -6.45% | -11.83% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -9.63% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.18% | 4.60% | +6.58% |
Volatility
MAIN vs. ADC - Volatility Comparison
Main Street Capital Corporation (MAIN) has a higher volatility of 5.82% compared to Agree Realty Corporation (ADC) at 4.80%. This indicates that MAIN's price experiences larger fluctuations and is considered to be riskier than ADC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIN | ADC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 4.80% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 20.12% | 12.14% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.84% | 16.16% | +8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 18.78% | +2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.30% | 23.65% | +3.65% |
Dividends
MAIN vs. ADC - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 8.25%, more than ADC's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADC Agree Realty Corporation | 4.13% | 4.28% | 4.26% | 4.64% | 3.95% | 3.65% | 3.61% | 3.25% | 3.65% | 3.94% | 4.17% | 5.43% |
MAIN Main Street Capital Corporation | 8.25% | 7.00% | 7.02% | 8.55% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.49% | 7.42% | 9.15% |
Financials
MAIN vs. ADC - Financials Comparison
This section allows you to compare key financial metrics between Main Street Capital Corporation and Agree Realty 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
MAIN vs. ADC - Profitability Comparison
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%.
ADC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Agree Realty Corporation reported a gross profit of 186.09M and revenue of 200.81M. Therefore, the gross margin over that period was 92.7%.
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%.
ADC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Agree Realty Corporation reported an operating income of 98.55M and revenue of 200.81M, resulting in an operating margin of 49.1%.
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%.
ADC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Agree Realty Corporation reported a net income of 60.19M and revenue of 200.81M, resulting in a net margin of 30.0%.
Frequently Asked Questions
MAIN and ADC have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAIN has higher volatility (5.82%) compared to ADC (4.80%). In terms of maximum drawdown, MAIN dropped -64.53% vs ADC's -70.25%.
ADC currently has the higher Sharpe Ratio (0.36 vs -0.16), 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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