MAIN vs. SGOV
MAIN (Main Street Capital Corporation) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, MAIN returned 11.80%/yr vs 3.58%/yr for SGOV. At a correlation of -0.01, they often move in opposite directions.
Performance
MAIN vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, MAIN achieves a -14.27% return, which is significantly lower than SGOV's 1.72% return.
MAIN
- 1D
- -0.44%
- 1M
- 1.45%
- YTD
- -14.27%
- 6M
- -13.44%
- 1Y
- -8.49%
- 3Y*
- 18.39%
- 5Y*
- 11.80%
- 10Y*
- 12.54%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.72%
- 6M
- 1.79%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
MAIN vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | -14.27% | 10.74% | 47.30% | 28.22% | -11.37% | 48.31% | 3.66% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.72% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between MAIN and SGOV is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.01 |
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Return for Risk
MAIN vs. SGOV — Risk / Return Rank
MAIN
SGOV
MAIN vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.67 | ||
| Sortino ratioReturn per unit of downside risk | -273.88 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 194.05 | -193.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 395.07 | -395.45 |
| Martin ratioReturn relative to average drawdown | -0.73 | 4,426.92 | -4,427.65 |
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Drawdowns
MAIN vs. SGOV - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for MAIN and SGOV.
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Drawdown Indicators
| MAIN | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -0.03% | -64.50% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -0.01% | -22.42% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -0.01% | -22.42% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -0.03% | -27.03% |
Max Drawdown (10Y)Largest decline over 10 years | -64.53% | — | — |
Current DrawdownCurrent decline from peak | -21.31% | 0.00% | -21.31% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -0.00% | -7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.67% | 0.00% | +11.67% |
Volatility
MAIN vs. SGOV - Volatility Comparison
Main Street Capital Corporation (MAIN) has a higher volatility of 5.30% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that MAIN's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIN | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 0.04% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.14% | 0.13% | +20.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.90% | 0.19% | +24.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.55% | 0.24% | +21.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 0.24% | +27.08% |
Dividends
MAIN vs. SGOV - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 8.61%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | 8.61% | 7.00% | 7.02% | 8.55% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.49% | 7.42% | 9.15% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAIN and SGOV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAIN has higher volatility (5.30%) compared to SGOV (0.04%). In terms of maximum drawdown, MAIN dropped -64.53% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.34), 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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