MAIN vs. BRO
MAIN (Main Street Capital Corporation) and BRO (Brown & Brown, Inc.) are both stocks. Both are in the Financial Services sector — MAIN in Asset Management, BRO in Insurance Brokers. Over the past 10 years, MAIN returned 12.99%/yr vs 13.27%/yr for BRO. At a 0.32 correlation, their price movements are largely independent.
Performance
MAIN vs. BRO - Performance Comparison
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Returns By Period
In the year-to-date period, MAIN achieves a -12.08% return, which is significantly higher than BRO's -26.85% return. Both investments have delivered pretty close results over the past 10 years, with MAIN having a 12.99% annualized return and BRO not far ahead at 13.27%.
MAIN
- 1D
- -0.35%
- 1M
- -4.41%
- YTD
- -12.08%
- 6M
- -13.81%
- 1Y
- -3.91%
- 3Y*
- 17.77%
- 5Y*
- 12.53%
- 10Y*
- 12.99%
BRO
- 1D
- -1.46%
- 1M
- 3.05%
- YTD
- -26.85%
- 6M
- -24.91%
- 1Y
- -47.08%
- 3Y*
- -2.56%
- 5Y*
- 3.04%
- 10Y*
- 13.27%
MAIN vs. BRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | -12.08% | 10.74% | 47.30% | 28.22% | -11.37% | 48.31% | -19.54% | 36.88% | -8.27% | 16.62% |
BRO Brown & Brown, Inc. | -26.85% | -21.37% | 44.32% | 25.73% | -18.39% | 49.31% | 21.06% | 44.67% | 8.30% | 16.15% |
Correlation
The correlation between MAIN and BRO is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2007 | 0.32 |
Over the past year, the correlation between MAIN and BRO has dropped to 0.10 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
Fundamentals
MAIN:
$5.22
BRO:
$4.76
MAIN:
9.85
BRO:
12.18
MAIN:
1.12
BRO:
0.89
MAIN:
6.55
BRO:
2.18
MAIN:
$704.17M
BRO:
$6.43B
MAIN:
$499.08M
BRO:
$3.82B
MAIN:
$396.90M
BRO:
$1.51B
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Return for Risk
MAIN vs. BRO — Risk / Return Rank
MAIN
BRO
MAIN vs. BRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) and Brown & Brown, Inc. (BRO). 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.
| MAIN | BRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.69 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | -0.93 | +0.76 |
| Martin ratioReturn relative to average drawdown | -0.36 | -1.59 | +1.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAIN | BRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | -1.66 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.12 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.56 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.50 | +0.06 |
Drawdowns
MAIN vs. BRO - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, which is greater than BRO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for MAIN and BRO.
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Drawdown Indicators
| MAIN | BRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -55.85% | -8.68% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -50.55% | +28.12% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -55.85% | +33.42% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -55.85% | +28.79% |
Max Drawdown (10Y)Largest decline over 10 years | -64.53% | -55.85% | -8.68% |
Current DrawdownCurrent decline from peak | -19.30% | -52.91% | +33.61% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -13.52% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.92% | 29.57% | -18.65% |
Volatility
MAIN vs. BRO - Volatility Comparison
The current volatility for Main Street Capital Corporation (MAIN) is 8.66%, while Brown & Brown, Inc. (BRO) has a volatility of 9.52%. This indicates that MAIN experiences smaller price fluctuations and is considered to be less risky than BRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIN | BRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 9.52% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 20.34% | 21.90% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.94% | 28.53% | -3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 24.81% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 23.69% | +3.62% |
Dividends
MAIN vs. BRO - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 8.35%, more than BRO's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRO Brown & Brown, Inc. | 1.11% | 0.77% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% |
MAIN Main Street Capital Corporation | 8.35% | 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. BRO - Financials Comparison
This section allows you to compare key financial metrics between Main Street Capital Corporation and Brown & Brown, Inc.. 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. BRO - 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%.
BRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a gross profit of 994.00M and revenue of 1.90B. Therefore, the gross margin over that period was 52.3%.
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%.
BRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported an operating income of 0.00 and revenue of 1.90B, resulting in an operating margin of 0.0%.
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%.
BRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brown & Brown, Inc. reported a net income of 426.00M and revenue of 1.90B, resulting in a net margin of 22.4%.
Frequently Asked Questions
MAIN and BRO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRO has higher volatility (9.52%) compared to MAIN (8.66%). In terms of maximum drawdown, MAIN dropped -64.53% vs BRO's -55.85%.
MAIN currently has the higher Sharpe Ratio (-0.16 vs -1.66), 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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