MAIN vs. CSWC
MAIN (Main Street Capital Corporation) and CSWC (Capital Southwest Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, MAIN returned 12.73%/yr vs 17.04%/yr for CSWC. At a 0.38 correlation, their price movements are largely independent.
Performance
MAIN vs. CSWC - Performance Comparison
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Returns By Period
In the year-to-date period, MAIN achieves a -13.65% return, which is significantly lower than CSWC's 9.39% return. Over the past 10 years, MAIN has underperformed CSWC with an annualized return of 12.73%, while CSWC has yielded a comparatively higher 17.04% annualized return.
MAIN
- 1D
- -1.67%
- 1M
- -8.64%
- YTD
- -13.65%
- 6M
- -11.32%
- 1Y
- -3.49%
- 3Y*
- 17.00%
- 5Y*
- 12.47%
- 10Y*
- 12.73%
CSWC
- 1D
- -1.82%
- 1M
- -3.08%
- YTD
- 9.39%
- 6M
- 12.32%
- 1Y
- 27.28%
- 3Y*
- 20.78%
- 5Y*
- 8.63%
- 10Y*
- 17.04%
MAIN vs. CSWC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | -13.65% | 10.74% | 47.30% | 28.22% | -11.37% | 48.31% | -19.54% | 36.88% | -8.27% | 16.62% |
CSWC Capital Southwest Corporation | 9.39% | 14.28% | 2.14% | 56.10% | -24.63% | 57.40% | -1.56% | 22.80% | 29.52% | 9.99% |
Correlation
The correlation between MAIN and CSWC is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2007 | 0.38 |
Over the past year, MAIN and CSWC have become more correlated (0.71) than their long-term average of 0.38, meaning their price movements have been converging.
Fundamentals
MAIN:
$4.60B
CSWC:
$1.45B
MAIN:
$5.22
CSWC:
$1.76
MAIN:
9.72
CSWC:
13.17
MAIN:
1.11
CSWC:
0.99
MAIN:
6.46
CSWC:
6.70
MAIN:
1.49
CSWC:
1.43
MAIN:
$704.17M
CSWC:
$222.04M
MAIN:
$499.08M
CSWC:
$172.70M
MAIN:
$396.90M
CSWC:
$142.78M
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Return for Risk
MAIN vs. CSWC — Risk / Return Rank
MAIN
CSWC
MAIN vs. CSWC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) and Capital Southwest Corporation (CSWC). 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 | CSWC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.26 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.74 | -1.90 |
| Martin ratioReturn relative to average drawdown | -0.33 | 5.62 | -5.95 |
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 | CSWC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 1.45 | -1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.38 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.62 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.39 | +0.17 |
Drawdowns
MAIN vs. CSWC - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, smaller than the maximum CSWC drawdown of -68.33%. Use the drawdown chart below to compare losses from any high point for MAIN and CSWC.
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Drawdown Indicators
| MAIN | CSWC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -68.33% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -15.75% | -6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -27.74% | +5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -33.66% | +6.60% |
Max Drawdown (10Y)Largest decline over 10 years | -64.53% | -61.15% | -3.38% |
Current DrawdownCurrent decline from peak | -20.74% | -3.88% | -16.86% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -18.36% | +11.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.72% | 4.86% | +5.86% |
Volatility
MAIN vs. CSWC - Volatility Comparison
Main Street Capital Corporation (MAIN) has a higher volatility of 8.82% compared to Capital Southwest Corporation (CSWC) at 5.22%. This indicates that MAIN's price experiences larger fluctuations and is considered to be riskier than CSWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIN | CSWC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 5.22% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 20.33% | 13.99% | +6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.81% | 18.91% | +5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.56% | 22.66% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.29% | 27.40% | -0.11% |
Dividends
MAIN vs. CSWC - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 8.44%, less than CSWC's 12.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSWC Capital Southwest Corporation | 12.72% | 11.56% | 11.59% | 10.21% | 12.46% | 10.13% | 11.49% | 13.07% | 10.77% | 7.01% | 2.35% | 216.86% |
MAIN Main Street Capital Corporation | 8.44% | 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. CSWC - Financials Comparison
This section allows you to compare key financial metrics between Main Street Capital Corporation and Capital Southwest 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. CSWC - 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%.
CSWC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Capital Southwest Corporation reported a gross profit of 54.00M and revenue of 54.00M. Therefore, the gross margin over that period was 100.0%.
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%.
CSWC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Capital Southwest Corporation reported an operating income of 44.66M and revenue of 54.00M, resulting in an operating margin of 82.7%.
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%.
CSWC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Capital Southwest Corporation reported a net income of 27.48M and revenue of 54.00M, resulting in a net margin of 50.9%.
Frequently Asked Questions
MAIN and CSWC have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAIN has higher volatility (8.82%) compared to CSWC (5.22%). In terms of maximum drawdown, MAIN dropped -64.53% vs CSWC's -68.33%.
CSWC currently has the higher Sharpe Ratio (1.45 vs -0.14), 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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