OXSQ vs. MAIN

Last updated Aug 1, 2026

OXSQ (Oxford Square Capital Corp.) and MAIN (Main Street Capital Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, OXSQ returned -6.20%/yr vs 14.24%/yr for MAIN. Their 0.36 correlation means their historical movements had little consistent relationship.

Performance

OXSQ vs. MAIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oxford Square Capital Corp. (OXSQ) and Main Street Capital Corporation (MAIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OXSQ achieves a 1.78% return, which is significantly higher than MAIN's -5.85% return.

OXSQ

• 1D: 7.64%
• 1M: 19.20%
• 6M: -5.42%
• YTD: 1.78%
• 1Y: -15.02%
• 3Y*: -4.13%
• 5Y*: -6.20%
• 10Y*: —
• ALL TIME*: -1.48%

MAIN

• 1D: -0.06%
• 1M: 5.25%
• 6M: -11.27%
• YTD: -5.85%
• 1Y: -8.42%
• 3Y*: 17.89%
• 5Y*: 14.24%
• 10Y*: 13.31%
• ALL TIME*: 16.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MAIN Main Street Capital Corporation	$28.94M	$32.47M	$36.34M
OXSQ Oxford Square Capital Corp.	$1.77M	$2.26M	$3.24M

OXSQ vs. MAIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
OXSQ Oxford Square Capital Corp.	1.78%	-13.32%	-1.86%	7.92%	-14.37%	47.13%	-32.37%	-4.32%	15.84%
MAIN Main Street Capital Corporation	-5.85%	10.74%	47.30%	28.22%	-11.37%	48.31%	-19.54%	36.88%	-2.65%

Correlation

The correlation between OXSQ and MAIN is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.33
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (5Y) Shows whether the relationship held over a longer period.	0.38
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018	0.36

Fundamentals

Market Cap OXSQ : $162.84M MAIN : $5.06B
EPS OXSQ : -$0.44 MAIN : $5.21
PB Ratio OXSQ : 1.11 MAIN : 1.59
Total Revenue (TTM) OXSQ : -$4.62M MAIN : $704.17M
Gross Profit (TTM) OXSQ : -$11.30M MAIN : $499.08M
EBITDA (TTM) OXSQ : -$30.55M MAIN : $396.90M

Return for Risk

OXSQ vs. MAIN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OXSQ

OXSQ Risk / Return Rank: 28
OXSQ Sharpe Ratio Rank: 28
OXSQ Sortino Ratio Rank: 27
OXSQ Omega Ratio Rank: 27
OXSQ Calmar Ratio Rank: 30
OXSQ Martin Ratio Rank: 28

MAIN

MAIN Risk / Return Rank: 28
MAIN Sharpe Ratio Rank: 28
MAIN Sortino Ratio Rank: 25
MAIN Omega Ratio Rank: 25
MAIN Calmar Ratio Rank: 30
MAIN Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OXSQ vs. MAIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oxford Square Capital Corp. (OXSQ) and Main Street Capital Corporation (MAIN). 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.

	OXSQ	MAIN	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	-0.37	0.00
Sortino ratio: Return per unit of downside risk	-0.24	-0.36	+0.12
Omega ratio: Gain probability vs. loss probability	0.97	0.96	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.42	-0.42	+0.01
Martin ratio: Return relative to average drawdown	-0.83	-0.74	-0.09

OXSQ vs. MAIN - Sharpe Ratio Comparison

The current OXSQ Sharpe Ratio is -0.37, which is comparable to the MAIN Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of OXSQ and MAIN, 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

OXSQ vs. MAIN - Drawdown Comparison

The maximum OXSQ drawdown since its inception was -67.11%, roughly equal to the maximum MAIN drawdown of -64.53%. Use the drawdown chart below to compare losses from any high point for OXSQ and MAIN.

Drawdown Indicators

	OXSQ	MAIN	Difference
Max Drawdown Largest peak-to-trough decline	-67.11%	-64.53%	-2.58%
Max Drawdown (1Y) Largest decline over 1 year	-38.87%	-22.43%	-16.44%
Max Drawdown (3Y) Largest decline over 3 years	-45.98%	-22.43%	-23.55%
Max Drawdown (5Y) Largest decline over 5 years	-46.35%	-27.06%	-19.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-64.53%	—
Current Drawdown Current decline from peak	-33.84%	-13.59%	-20.25%
Average Drawdown Average peak-to-trough decline	-21.42%	-7.37%	-14.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.51%	12.75%	+6.76%

Volatility

OXSQ vs. MAIN - Volatility Comparison

Oxford Square Capital Corp. (OXSQ) has a higher volatility of 13.14% compared to Main Street Capital Corporation (MAIN) at 6.80%. This indicates that OXSQ's price experiences larger fluctuations and is considered to be riskier than MAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OXSQ	MAIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.14%	6.80%	+6.34%
Volatility (6M) Calculated over the trailing 6-month period	37.72%	20.02%	+17.70%
Volatility (1Y) Calculated over the trailing 1-year period	43.86%	25.45%	+18.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.41%	21.64%	+6.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.88%	27.38%	+8.50%

Dividends

OXSQ vs. MAIN - Dividend Comparison

OXSQ's dividend yield for the trailing twelve months is around 27.10%, more than MAIN's 7.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAIN Main Street Capital Corporation	7.90%	7.00%	7.02%	8.55%	7.97%	5.74%	6.99%	6.76%	8.43%	7.49%	7.42%	9.15%
OXSQ Oxford Square Capital Corp.	27.10%	23.86%	17.21%	17.66%	13.46%	10.29%	20.07%	14.76%	9.27%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both OXSQ and MAIN in my portfolio?

OXSQ and MAIN have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OXSQ or MAIN?

OXSQ has higher volatility (13.14%) compared to MAIN (6.80%). In terms of maximum drawdown, OXSQ dropped -67.11% vs MAIN's -64.53%.

Which has better risk-adjusted returns?

OXSQ currently has the higher Sharpe Ratio (-0.37 vs -0.37), 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.