MAIN vs. KMLM
MAIN (Main Street Capital Corporation) is a stock, while KMLM (KFA Mount Lucas Index Strategy ETF) is Systematic Trend fund tracking the KFA MLM Index. Over the past 5 years, MAIN returned 14.64%/yr vs 5.46%/yr for KMLM. Their -0.07 correlation means they have often moved in opposite directions in the past.
Performance
MAIN vs. KMLM - Performance Comparison
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Returns By Period
In the year-to-date period, MAIN achieves a -3.54% return, which is significantly lower than KMLM's 10.64% return.
MAIN
- 1D
- 2.46%
- 1M
- 7.84%
- 6M
- -8.54%
- YTD
- -3.54%
- 1Y
- -6.17%
- 3Y*
- 18.68%
- 5Y*
- 14.64%
- 10Y*
- 13.34%
- ALL TIME*
- 16.66%
KMLM
- 1D
- -2.05%
- 1M
- 4.67%
- 6M
- 8.67%
- YTD
- 10.64%
- 1Y
- 15.77%
- 3Y*
- -0.31%
- 5Y*
- 5.46%
- 10Y*
- —
- ALL TIME*
- 7.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.28M | $9.90M | $7.93M | |
| $29.35M | $32.83M | $36.64M |
MAIN vs. KMLM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | -3.54% | 10.74% | 47.30% | 28.22% | -11.37% | 48.31% | 1.83% |
KMLM KFA Mount Lucas Index Strategy ETF | 10.64% | -2.98% | -1.69% | -5.66% | 30.61% | 7.04% | 5.74% |
Correlation
The correlation between MAIN and KMLM is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2020 | -0.07 |
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Return for Risk
MAIN vs. KMLM — Risk / Return Rank
MAIN
KMLM
MAIN vs. KMLM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) and KFA Mount Lucas Index Strategy ETF (KMLM). 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 | KMLM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.25 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 1.65 | -1.92 |
| Martin ratioReturn relative to average drawdown | -0.48 | 5.33 | -5.81 |
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Drawdowns
MAIN vs. KMLM - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, which is greater than KMLM's maximum drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for MAIN and KMLM.
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Drawdown Indicators
| MAIN | KMLM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -27.47% | -37.06% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -9.61% | -12.82% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -22.28% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -27.47% | +0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -64.53% | — | — |
Current DrawdownCurrent decline from peak | -11.46% | -13.73% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -12.79% | +5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 2.97% | +9.80% |
Volatility
MAIN vs. KMLM - Volatility Comparison
Main Street Capital Corporation (MAIN) has a higher volatility of 7.13% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 4.35%. This indicates that MAIN's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIN | KMLM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 4.35% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 10.24% | +9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.60% | 11.68% | +13.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.67% | 14.55% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 14.68% | +12.71% |
Dividends
MAIN vs. KMLM - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 7.71%, more than KMLM's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMLM KFA Mount Lucas Index Strategy ETF | 4.54% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MAIN Main Street Capital Corporation | 7.71% | 7.00% | 7.02% | 8.55% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.49% | 7.42% | 9.15% |
Frequently Asked Questions
MAIN and KMLM 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.
MAIN has higher volatility (7.13%) compared to KMLM (4.35%). In terms of maximum drawdown, MAIN dropped -64.53% vs KMLM's -27.47%.
KMLM currently has the higher Sharpe Ratio (1.36 vs -0.24), 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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