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 14.64%/yr vs 3.66%/yr for SGOV. Their -0.01 correlation means they have often moved in opposite directions in the past.
Performance
MAIN vs. SGOV - 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 SGOV's 2.13% 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%
SGOV
- 1D
- 0.02%
- 1M
- 0.29%
- 6M
- 1.82%
- YTD
- 2.13%
- 1Y
- 3.85%
- 3Y*
- 4.62%
- 5Y*
- 3.66%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $29.35M | $32.83M | $36.64M | |
| $1.99B | $1.87B | $2.06B |
MAIN vs. SGOV - 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% | 3.66% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.13% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between MAIN and SGOV is -0.05, 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. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer 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 | -21.02 | ||
| Sortino ratioReturn per unit of downside risk | -380.41 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 380.49 | -379.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 388.26 | -388.54 |
| Martin ratioReturn relative to average drawdown | -0.48 | 6,151.27 | -6,151.75 |
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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 | -11.46% | 0.00% | -11.46% |
Average DrawdownAverage peak-to-trough decline | -7.37% | 0.00% | -7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 0.00% | +12.77% |
Volatility
MAIN vs. SGOV - Volatility Comparison
Main Street Capital Corporation (MAIN) has a higher volatility of 7.13% 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 | 7.13% | 0.04% | +7.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 0.13% | +20.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.60% | 0.19% | +25.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.67% | 0.24% | +21.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 0.23% | +27.16% |
Dividends
MAIN vs. SGOV - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 7.71%, more than SGOV's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.75% | 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 -0.05, 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 SGOV (0.04%). In terms of maximum drawdown, MAIN dropped -64.53% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.78 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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