MAIN vs. NMFC
MAIN (Main Street Capital Corporation) and NMFC (New Mountain Finance Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, MAIN returned 12.99%/yr vs 6.08%/yr for NMFC. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
MAIN vs. NMFC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MAIN having a -12.08% return and NMFC slightly higher at -11.79%. Over the past 10 years, MAIN has outperformed NMFC with an annualized return of 12.99%, while NMFC has yielded a comparatively lower 6.08% annualized return.
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%
NMFC
- 1D
- -0.51%
- 1M
- -5.92%
- YTD
- -11.79%
- 6M
- -13.53%
- 1Y
- -16.84%
- 3Y*
- -3.49%
- 5Y*
- -0.05%
- 10Y*
- 6.08%
MAIN vs. NMFC - 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% |
NMFC New Mountain Finance Corporation | -11.79% | -7.17% | -0.95% | 15.47% | -0.55% | 31.94% | -7.13% | 20.64% | 2.78% | 5.71% |
Correlation
The correlation between MAIN and NMFC is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 23, 2011 | 0.53 |
The correlation between MAIN and NMFC shifts across timeframes, from 0.53 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MAIN:
$5.22
NMFC:
$328.53
MAIN:
9.85
NMFC:
0.02
MAIN:
6.55
NMFC:
2.30
MAIN:
$704.17M
NMFC:
$315.55M
MAIN:
$499.08M
NMFC:
$203.95M
MAIN:
$396.90M
NMFC:
$106.53M
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Return for Risk
MAIN vs. NMFC — Risk / Return Rank
MAIN
NMFC
MAIN vs. NMFC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) and New Mountain Finance Corporation (NMFC). 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 | NMFC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.89 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | -0.69 | +0.51 |
| Martin ratioReturn relative to average drawdown | -0.36 | -1.35 | +0.99 |
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 | NMFC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | -0.75 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | -0.00 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.24 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.31 | +0.25 |
Drawdowns
MAIN vs. NMFC - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, roughly equal to the maximum NMFC drawdown of -64.16%. Use the drawdown chart below to compare losses from any high point for MAIN and NMFC.
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Drawdown Indicators
| MAIN | NMFC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -64.16% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -24.56% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -27.77% | +5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -27.77% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -64.53% | -64.16% | -0.37% |
Current DrawdownCurrent decline from peak | -19.30% | -23.29% | +3.99% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -5.45% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.92% | 12.48% | -1.56% |
Volatility
MAIN vs. NMFC - Volatility Comparison
Main Street Capital Corporation (MAIN) has a higher volatility of 8.66% compared to New Mountain Finance Corporation (NMFC) at 6.73%. This indicates that MAIN's price experiences larger fluctuations and is considered to be riskier than NMFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIN | NMFC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 6.73% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 20.34% | 18.23% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.94% | 22.67% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 18.54% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 25.91% | +1.40% |
Dividends
MAIN vs. NMFC - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 8.35%, less than NMFC's 16.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NMFC New Mountain Finance Corporation | 16.43% | 13.90% | 12.17% | 11.40% | 9.86% | 8.76% | 10.92% | 9.90% | 10.81% | 10.04% | 9.65% | 10.45% |
Financials
MAIN vs. NMFC - Financials Comparison
This section allows you to compare key financial metrics between Main Street Capital Corporation and New Mountain Finance 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
Frequently Asked Questions
MAIN and NMFC have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAIN has higher volatility (8.66%) compared to NMFC (6.73%). In terms of maximum drawdown, MAIN dropped -64.53% vs NMFC's -64.16%.
MAIN currently has the higher Sharpe Ratio (-0.16 vs -0.75), 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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