MAIN vs. SHLD
MAIN (Main Street Capital Corporation) is a stock, while SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index. Over the past year, MAIN returned -3.16% vs 8.26% for SHLD. At a 0.33 correlation, their price movements are largely independent.
Performance
MAIN vs. SHLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MAIN achieves a -10.97% return, which is significantly lower than SHLD's -1.50% return.
MAIN
- 1D
- 0.54%
- 1M
- 3.14%
- YTD
- -10.97%
- 6M
- -12.92%
- 1Y
- -3.16%
- 3Y*
- 18.74%
- 5Y*
- 12.76%
- 10Y*
- 13.19%
SHLD
- 1D
- -2.04%
- 1M
- -0.44%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAIN vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MAIN Main Street Capital Corporation | -10.97% | 10.74% | 47.30% | 9.63% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between MAIN and SHLD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.33 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MAIN vs. SHLD — Risk / Return Rank
MAIN
SHLD
MAIN vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) and Global X Defense Tech ETF (SHLD). 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 | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.09 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.52 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.35 | 1.28 | -1.64 |
Loading charts...
Drawdowns
MAIN vs. SHLD - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for MAIN and SHLD.
Loading charts...
Drawdown Indicators
| MAIN | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -20.10% | -44.43% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -20.10% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.53% | — | — |
Current DrawdownCurrent decline from peak | -18.28% | -18.20% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -3.34% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.18% | 8.12% | +3.06% |
Volatility
MAIN vs. SHLD - Volatility Comparison
The current volatility for Main Street Capital Corporation (MAIN) is 5.82%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.05%. This indicates that MAIN experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MAIN | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 9.05% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 20.12% | 19.94% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.84% | 24.55% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 21.29% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.30% | 21.29% | +6.01% |
Dividends
MAIN vs. SHLD - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 8.25%, more than SHLD's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | 8.25% | 7.00% | 7.02% | 8.55% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.49% | 7.42% | 9.15% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAIN and SHLD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHLD has higher volatility (9.05%) compared to MAIN (5.82%). In terms of maximum drawdown, MAIN dropped -64.53% vs SHLD's -20.10%.
SHLD currently has the higher Sharpe Ratio (0.43 vs -0.16), 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.
Find the right allocation for MAIN and SHLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer