MAIN vs. TSLX
MAIN (Main Street Capital Corporation) and TSLX (Sixth Street Specialty Lending, Inc.) 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 11.45%/yr for TSLX. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
MAIN vs. TSLX - Performance Comparison
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Returns By Period
In the year-to-date period, MAIN achieves a -12.08% return, which is significantly higher than TSLX's -18.90% return. Over the past 10 years, MAIN has outperformed TSLX with an annualized return of 12.99%, while TSLX has yielded a comparatively lower 11.45% 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%
TSLX
- 1D
- -1.38%
- 1M
- -4.40%
- YTD
- -18.90%
- 6M
- -19.48%
- 1Y
- -19.78%
- 3Y*
- 6.57%
- 5Y*
- 4.47%
- 10Y*
- 11.45%
MAIN vs. TSLX - 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% |
TSLX Sixth Street Specialty Lending, Inc. | -18.90% | 11.52% | 8.83% | 35.29% | -16.37% | 32.33% | 9.77% | 29.62% | 0.36% | 15.47% |
Correlation
The correlation between MAIN and TSLX is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2014 | 0.55 |
The correlation between MAIN and TSLX shifts across timeframes, from 0.55 (all time) to 0.69 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MAIN:
$4.66B
TSLX:
$1.62B
MAIN:
$5.22
TSLX:
$436.19
MAIN:
9.85
TSLX:
0.04
MAIN:
1.12
TSLX:
0.05
MAIN:
6.55
TSLX:
0.02
MAIN:
1.51
TSLX:
0.00
MAIN:
$704.17M
TSLX:
$91.48B
MAIN:
$499.08M
TSLX:
$215.15M
MAIN:
$396.90M
TSLX:
$192.45M
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Return for Risk
MAIN vs. TSLX — Risk / Return Rank
MAIN
TSLX
MAIN vs. TSLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) and Sixth Street Specialty Lending, Inc. (TSLX). 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 | TSLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.87 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | -0.71 | +0.54 |
| 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 | TSLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | -0.81 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.23 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.54 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.51 | +0.05 |
Drawdowns
MAIN vs. TSLX - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, which is greater than TSLX's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for MAIN and TSLX.
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Drawdown Indicators
| MAIN | TSLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -50.27% | -14.26% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -27.94% | +5.51% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -27.94% | +5.51% |
Max Drawdown (5Y)Largest decline over 5 years | -27.06% | -28.77% | +1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -64.53% | -50.27% | -14.26% |
Current DrawdownCurrent decline from peak | -19.30% | -26.75% | +7.45% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -9.08% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.92% | 14.69% | -3.77% |
Volatility
MAIN vs. TSLX - Volatility Comparison
Main Street Capital Corporation (MAIN) and Sixth Street Specialty Lending, Inc. (TSLX) have volatilities of 8.66% and 8.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIN | TSLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 8.58% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 20.34% | 20.68% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.94% | 24.64% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 19.40% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 21.47% | +5.84% |
Dividends
MAIN vs. TSLX - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 8.35%, less than TSLX's 11.25% 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% |
TSLX Sixth Street Specialty Lending, Inc. | 11.25% | 9.44% | 9.81% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 8.84% | 8.35% | 9.62% |
Financials
MAIN vs. TSLX - Financials Comparison
This section allows you to compare key financial metrics between Main Street Capital Corporation and Sixth Street Specialty Lending, Inc.. 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
MAIN vs. TSLX - Profitability Comparison
MAIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Main Street Capital Corporation reported a gross profit of 0.00 and revenue of 140.11M. Therefore, the gross margin over that period was 0.0%.
TSLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sixth Street Specialty Lending, Inc. reported a gross profit of 0.00 and revenue of 91.19B. Therefore, the gross margin over that period was 0.0%.
MAIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Main Street Capital Corporation reported an operating income of 0.00 and revenue of 140.11M, resulting in an operating margin of 0.0%.
TSLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sixth Street Specialty Lending, Inc. reported an operating income of 0.00 and revenue of 91.19B, resulting in an operating margin of 0.0%.
MAIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Main Street Capital Corporation reported a net income of 90.82M and revenue of 140.11M, resulting in a net margin of 64.8%.
TSLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sixth Street Specialty Lending, Inc. reported a net income of 41.05B and revenue of 91.19B, resulting in a net margin of 45.0%.
Frequently Asked Questions
MAIN and TSLX have a correlation of 0.66, 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 TSLX (8.58%). In terms of maximum drawdown, MAIN dropped -64.53% vs TSLX's -50.27%.
MAIN currently has the higher Sharpe Ratio (-0.16 vs -0.81), 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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