MAIN vs. BXSL
MAIN (Main Street Capital Corporation) and BXSL (Blackstone Secured Lending Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 3 years, MAIN returned 17.89%/yr vs 4.19%/yr for BXSL. Their 0.49 correlation means their historical movements had little consistent relationship.
Performance
MAIN vs. BXSL - Performance Comparison
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Returns By Period
In the year-to-date period, MAIN achieves a -5.85% return, which is significantly higher than BXSL's -6.41% return.
MAIN
- 1D
- -0.06%
- 1M
- 5.25%
- 6M
- -11.27%
- YTD
- -5.85%
- 1Y
- -8.42%
- 3Y*
- 17.89%
- 5Y*
- 14.24%
- 10Y*
- 13.31%
- ALL TIME*
- 16.52%
BXSL
- 1D
- -0.26%
- 1M
- -2.82%
- 6M
- -3.96%
- YTD
- -6.41%
- 1Y
- -16.28%
- 3Y*
- 4.19%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.14M | $38.04M | $43.29M | |
| $28.94M | $32.47M | $36.34M |
MAIN vs. BXSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | -5.85% | 10.74% | 47.30% | 28.22% | -11.37% | 3.67% |
BXSL Blackstone Secured Lending Fund | -6.41% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
Correlation
The correlation between MAIN and BXSL is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.49 |
The correlation between MAIN and BXSL shifts across timeframes, from 0.49 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MAIN:
$5.06B
BXSL:
$5.37B
MAIN:
$5.21
BXSL:
$1.79
MAIN:
10.45
BXSL:
12.88
MAIN:
6.95
BXSL:
7.53
MAIN:
1.59
BXSL:
0.88
MAIN:
$704.17M
BXSL:
$706.98M
MAIN:
$499.08M
BXSL:
$831.73M
MAIN:
$396.90M
BXSL:
$525.53M
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Return for Risk
MAIN vs. BXSL — Risk / Return Rank
MAIN
BXSL
MAIN vs. BXSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) and Blackstone Secured Lending Fund (BXSL). 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 | BXSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.88 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.86 | +0.44 |
| Martin ratioReturn relative to average drawdown | -0.74 | -1.25 | +0.51 |
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Drawdowns
MAIN vs. BXSL - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, which is greater than BXSL's maximum drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for MAIN and BXSL.
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Drawdown Indicators
| MAIN | BXSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -36.80% | -27.73% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -20.13% | -2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -24.21% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.53% | — | — |
Current DrawdownCurrent decline from peak | -13.59% | -20.55% | +6.96% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -14.31% | +6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 14.69% | -1.94% |
Volatility
MAIN vs. BXSL - Volatility Comparison
Main Street Capital Corporation (MAIN) has a higher volatility of 6.80% compared to Blackstone Secured Lending Fund (BXSL) at 5.25%. This indicates that MAIN's price experiences larger fluctuations and is considered to be riskier than BXSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIN | BXSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 5.25% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 20.02% | 16.17% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.45% | 20.75% | +4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.64% | 23.71% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.38% | 23.71% | +3.67% |
Dividends
MAIN vs. BXSL - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 7.90%, less than BXSL's 13.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund | 13.33% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MAIN Main Street Capital Corporation | 7.90% | 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. BXSL - Financials Comparison
This section allows you to compare key financial metrics between Main Street Capital Corporation and Blackstone Secured Lending Fund. 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
Frequently Asked Questions
MAIN and BXSL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAIN has higher volatility (6.80%) compared to BXSL (5.25%). In terms of maximum drawdown, MAIN dropped -64.53% vs BXSL's -36.80%.
MAIN currently has the higher Sharpe Ratio (-0.37 vs -0.83), 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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