STEW vs. MAIN
STEW (SRH Total Return Fund Inc.) is Diversified Portfolio fund managed by SRH, while MAIN (Main Street Capital Corporation) is a stock. Over the past 3 years, STEW returned 14.95%/yr vs 18.74%/yr for MAIN. At a 0.48 correlation, their price movements are largely independent.
Performance
STEW vs. MAIN - Performance Comparison
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Returns By Period
In the year-to-date period, STEW achieves a -2.05% return, which is significantly higher than MAIN's -10.97% return.
STEW
- 1D
- 0.23%
- 1M
- 0.62%
- YTD
- -2.05%
- 6M
- -0.22%
- 1Y
- 7.81%
- 3Y*
- 14.95%
- 5Y*
- —
- 10Y*
- —
MAIN
- 1D
- 0.54%
- 1M
- 3.63%
- YTD
- -10.97%
- 6M
- -12.92%
- 1Y
- -3.16%
- 3Y*
- 18.74%
- 5Y*
- 12.76%
- 10Y*
- 13.19%
STEW vs. MAIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
STEW SRH Total Return Fund Inc. | -2.05% | 20.28% | 19.90% | 13.54% | -10.14% |
MAIN Main Street Capital Corporation | -10.97% | 10.74% | 47.30% | 28.22% | -8.65% |
Correlation
The correlation between STEW and MAIN is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022 | 0.48 |
The correlation between STEW and MAIN shifts across timeframes, from 0.28 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
STEW vs. MAIN — Risk / Return Rank
STEW
MAIN
STEW vs. MAIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SRH Total Return Fund Inc. (STEW) 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.
| STEW | MAIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.99 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | -0.18 | +0.90 |
| Martin ratioReturn relative to average drawdown | 2.24 | -0.35 | +2.59 |
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Drawdowns
STEW vs. MAIN - Drawdown Comparison
The maximum STEW drawdown since its inception was -25.25%, smaller than the maximum MAIN drawdown of -64.53%. Use the drawdown chart below to compare losses from any high point for STEW and MAIN.
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Drawdown Indicators
| STEW | MAIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.25% | -64.53% | +39.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -22.43% | +12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -11.30% | -22.43% | +11.13% |
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 | -2.29% | -18.28% | +15.99% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -7.31% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 11.18% | -8.04% |
Volatility
STEW vs. MAIN - Volatility Comparison
The current volatility for SRH Total Return Fund Inc. (STEW) is 2.82%, while Main Street Capital Corporation (MAIN) has a volatility of 5.82%. This indicates that STEW experiences smaller price fluctuations and is considered to be less risky than MAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STEW | MAIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 5.82% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | 20.12% | -11.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 24.84% | -13.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 21.57% | -6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 27.30% | -11.86% |
Dividends
STEW vs. MAIN - Dividend Comparison
STEW's dividend yield for the trailing twelve months is around 4.11%, less than MAIN's 8.25% 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% |
STEW SRH Total Return Fund Inc. | 4.11% | 3.56% | 3.43% | 3.60% | 2.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
STEW and MAIN have a correlation of 0.28, 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 STEW (2.82%). In terms of maximum drawdown, STEW dropped -25.25% vs MAIN's -64.53%.
STEW currently has the higher Sharpe Ratio (0.63 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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