MEQ.TO vs. GAIN

Last updated Jul 21, 2026

MEQ.TO (Mainstreet Equity Corp.) and GAIN (Gladstone Investment Corporation) are both stocks. MEQ.TO operates in Real Estate - Services (Real Estate), while GAIN operates in Asset Management (Financial Services). Over the past 10 years, MEQ.TO returned 17.70%/yr vs 20.67%/yr for GAIN. At a 0.08 correlation, their price movements are largely independent.

Performance

MEQ.TO vs. GAIN - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mainstreet Equity Corp. (MEQ.TO) and Gladstone Investment Corporation (GAIN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MEQ.TO is traded in CAD, while GAIN is traded in USD. To make them comparable, the GAIN values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MEQ.TO achieves a -3.48% return, which is significantly lower than GAIN's 31.71% return. Over the past 10 years, MEQ.TO has underperformed GAIN with an annualized return of 17.70%, while GAIN has yielded a comparatively higher 20.67% annualized return.

MEQ.TO

• 1D: 0.01%
• 1M: 5.01%
• 6M: 2.20%
• YTD: -3.48%
• 1Y: -6.04%
• 3Y*: 9.83%
• 5Y*: 11.88%
• 10Y*: 17.70%
• ALL TIME*: 15.52%

GAIN

• 1D: -0.91%
• 1M: 17.67%
• 6M: 31.32%
• YTD: 31.71%
• 1Y: 35.44%
• 3Y*: 25.61%
• 5Y*: 18.26%
• 10Y*: 20.67%
• ALL TIME*: 11.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MEQ.TO vs. GAIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEQ.TO Mainstreet Equity Corp.	-3.48%	-9.25%	38.43%	23.75%	-1.82%	52.00%	0.09%	89.86%	-5.32%	32.70%
GAIN Gladstone Investment Corporation	31.71%	11.77%	14.25%	27.89%	-12.32%	82.05%	-18.54%	46.99%	-2.07%	34.84%

Correlation

The correlation between MEQ.TO and GAIN is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Aug 18, 2006	0.08

The correlation between MEQ.TO and GAIN shifts across timeframes, from 0.08 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MEQ.TO : CA$1.64B GAIN : $653.48M
EPS MEQ.TO : CA$20.18 GAIN : $3.34
PE Ratio MEQ.TO : 8.75 GAIN : 4.92
PEG Ratio MEQ.TO : 0.49 GAIN : 0.11
PS Ratio MEQ.TO : 5.80 GAIN : 5.69
Total Revenue (TTM) MEQ.TO : CA$283.24M GAIN : $112.66M
Gross Profit (TTM) MEQ.TO : CA$190.17M GAIN : $80.66M
EBITDA (TTM) MEQ.TO : CA$184.15M GAIN : $57.95M

Return for Risk

MEQ.TO vs. GAIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MEQ.TO

MEQ.TO Risk / Return Rank: 30
MEQ.TO Sharpe Ratio Rank: 30
MEQ.TO Sortino Ratio Rank: 24
MEQ.TO Omega Ratio Rank: 26
MEQ.TO Calmar Ratio Rank: 35
MEQ.TO Martin Ratio Rank: 35

GAIN

GAIN Risk / Return Rank: 85
GAIN Sharpe Ratio Rank: 86
GAIN Sortino Ratio Rank: 84
GAIN Omega Ratio Rank: 84
GAIN Calmar Ratio Rank: 83
GAIN Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MEQ.TO vs. GAIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mainstreet Equity Corp. (MEQ.TO) and Gladstone Investment Corporation (GAIN). 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.

	MEQ.TO	GAIN	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	1.68	-2.02
Sortino ratio: Return per unit of downside risk	-0.40	2.41	-2.81
Omega ratio: Gain probability vs. loss probability	0.96	1.32	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.30	3.57	-3.88
Martin ratio: Return relative to average drawdown	-0.53	11.18	-11.71

MEQ.TO vs. GAIN - Sharpe Ratio Comparison

The current MEQ.TO Sharpe Ratio is -0.35, which is lower than the GAIN Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of MEQ.TO and GAIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MEQ.TO vs. GAIN - Drawdown Comparison

The maximum MEQ.TO drawdown since its inception was -79.29%, roughly equal to the maximum GAIN drawdown of -78.87%. Use the drawdown chart below to compare losses from any high point for MEQ.TO and GAIN.

Drawdown Indicators

	MEQ.TO	GAIN	Difference
Max Drawdown Largest peak-to-trough decline	-79.29%	-78.87%	-0.42%
Max Drawdown (1Y) Largest decline over 1 year	-20.12%	-9.74%	-10.38%
Max Drawdown (3Y) Largest decline over 3 years	-23.54%	-15.73%	-7.81%
Max Drawdown (5Y) Largest decline over 5 years	-31.37%	-21.49%	-9.88%
Max Drawdown (10Y) Largest decline over 10 years	-54.52%	-51.97%	-2.55%
Current Drawdown Current decline from peak	-16.77%	-2.68%	-14.09%
Average Drawdown Average peak-to-trough decline	-16.98%	-18.77%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.39%	3.11%	+8.28%

Volatility

MEQ.TO vs. GAIN - Volatility Comparison

The current volatility for Mainstreet Equity Corp. (MEQ.TO) is 4.14%, while Gladstone Investment Corporation (GAIN) has a volatility of 7.56%. This indicates that MEQ.TO experiences smaller price fluctuations and is considered to be less risky than GAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEQ.TO	GAIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	7.56%	-3.42%
Volatility (6M) Calculated over the trailing 6-month period	12.65%	18.05%	-5.40%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	20.80%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.16%	23.09%	-0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.44%	26.30%	-0.86%

Dividends

MEQ.TO vs. GAIN - Dividend Comparison

MEQ.TO's dividend yield for the trailing twelve months is around 0.16%, less than GAIN's 11.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAIN Gladstone Investment Corporation	11.08%	10.74%	12.53%	17.24%	9.88%	6.06%	9.22%	7.06%	9.24%	7.94%	8.87%	9.68%
MEQ.TO Mainstreet Equity Corp.	0.16%	0.09%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both MEQ.TO and GAIN in my portfolio?

MEQ.TO and GAIN have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.