MAIN vs. UYLD
MAIN (Main Street Capital Corporation) is a stock, while UYLD (Angel Oak Ultrashort Income ETF) is Ultrashort Bond fund actively managed by Angel Oak. Over the past 3 years, MAIN returned 18.74%/yr vs 5.92%/yr for UYLD. At a 0.04 correlation, their price movements are largely independent.
Performance
MAIN vs. UYLD - Performance Comparison
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Returns By Period
In the year-to-date period, MAIN achieves a -10.97% return, which is significantly lower than UYLD's 2.03% 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%
UYLD
- 1D
- 0.05%
- 1M
- 0.65%
- YTD
- 2.03%
- 6M
- 2.39%
- 1Y
- 5.12%
- 3Y*
- 5.92%
- 5Y*
- —
- 10Y*
- —
MAIN vs. UYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | -10.97% | 10.74% | 47.30% | 28.22% | 6.79% |
UYLD Angel Oak Ultrashort Income ETF | 2.03% | 5.36% | 6.10% | 6.90% | 1.09% |
Correlation
The correlation between MAIN and UYLD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.04 |
The correlation between MAIN and UYLD shifts across timeframes, from 0.04 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MAIN vs. UYLD — Risk / Return Rank
MAIN
UYLD
MAIN vs. UYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Main Street Capital Corporation (MAIN) and Angel Oak Ultrashort Income ETF (UYLD). 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 | UYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.19 | ||
| Sortino ratioReturn per unit of downside risk | -22.11 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 4.49 | -3.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 37.30 | -37.48 |
| Martin ratioReturn relative to average drawdown | -0.35 | 226.63 | -226.99 |
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Drawdowns
MAIN vs. UYLD - Drawdown Comparison
The maximum MAIN drawdown since its inception was -64.53%, which is greater than UYLD's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for MAIN and UYLD.
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Drawdown Indicators
| MAIN | UYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.53% | -0.54% | -63.99% |
Max Drawdown (1Y)Largest decline over 1 year | -22.43% | -0.14% | -22.29% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -0.54% | -21.89% |
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% | 0.00% | -18.28% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -0.03% | -7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.18% | 0.02% | +11.16% |
Volatility
MAIN vs. UYLD - Volatility Comparison
Main Street Capital Corporation (MAIN) has a higher volatility of 5.82% compared to Angel Oak Ultrashort Income ETF (UYLD) at 0.36%. This indicates that MAIN's price experiences larger fluctuations and is considered to be riskier than UYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIN | UYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 0.36% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 20.12% | 0.50% | +19.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.84% | 0.64% | +24.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 1.00% | +20.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.30% | 1.00% | +26.30% |
Dividends
MAIN vs. UYLD - Dividend Comparison
MAIN's dividend yield for the trailing twelve months is around 8.25%, more than UYLD's 5.03% 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% |
UYLD Angel Oak Ultrashort Income ETF | 5.03% | 5.07% | 4.97% | 5.92% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAIN and UYLD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAIN has higher volatility (5.82%) compared to UYLD (0.36%). In terms of maximum drawdown, MAIN dropped -64.53% vs UYLD's -0.54%.
UYLD currently has the higher Sharpe Ratio (8.03 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.
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