MAIN vs SPY

Comparison between Main Street Capital Corporation (MAIN, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed MAIN, delivering a return of +13.8% compared to +12.9%

MAIN vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MAIN(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$4.74B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	65.02%	56.47%
Sharpe Ratio	-0.10	1.67
5Y Beta	0.76	1.00
Industry	Asset Management	N/A
P/E Ratio	10.80	28.81
Forward P/E	13.23	22.07
Dividend Yield	6.06%	N/A
5Y Dividends CAGR	12.99%	5.43%
5Y EPS CAGR	N/A	25.84%
Debt to Equity	81.77%	34.16%
Free Cash Flow Yield	-3.46%	N/A
P/S Ratio	N/A	3.69
P/B Ratio	N/A	5.54

Market Cap / Net Assets

MAIN

$4.74B

Winner

SPY

$735B

Expense Ratio

MAIN

N/A

SPY

0.09%

Max Drawdown

MAIN

65.02%

Winner

SPY

56.47%

Sharpe Ratio

MAIN

-0.10

Winner

SPY

1.67

5Y Beta

Winner

MAIN

0.76

SPY

1.00

Industry

MAIN

Asset Management

SPY

N/A

P/E Ratio

Winner

MAIN

10.80

SPY

28.81

Forward P/E

Winner

MAIN

13.23

SPY

22.07

Dividend Yield

MAIN

6.06%

SPY

N/A

5Y Dividends CAGR

Winner

MAIN

12.99%

SPY

5.43%

5Y EPS CAGR

MAIN

N/A

SPY

25.84%

Debt to Equity

MAIN

81.77%

Winner

SPY

34.16%

Free Cash Flow Yield

MAIN

-3.46%

SPY

N/A

P/S Ratio

MAIN

N/A

SPY

3.69

P/B Ratio

MAIN

N/A

SPY

5.54

MAIN vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	MAIN	SPY
1 month	-6.36%	+4.59%
3 months	-9.85%	+7.81%
6 months	-4.24%	+14.24%
1 year	-3.04%	+26.47%
5 years(CAGR)	+12.94%	+13.84%
10 years(CAGR)	+13.32%	+15.57%
Max(CAGR)	+16.22%	+8.50%

MAIN

-6.36%

Winner

SPY

+4.59%

MAIN

-9.85%

Winner

SPY

+7.81%

MAIN

-4.24%

Winner

SPY

+14.24%

MAIN

-3.04%

Winner

SPY

+26.47%

5Y(CAGR)

MAIN

+12.94%

Winner

SPY

+13.84%

10Y(CAGR)

MAIN

+13.32%

Winner

SPY

+15.57%

Max(CAGR)

Winner

MAIN

+16.22%

SPY

+8.50%

MAIN vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MAIN	SPY
2026	-14.70%	+8.80%
2025	+9.43%	+18.00%
2024	+46.53%	+25.59%
2023	+28.37%	+26.72%
2022	-10.86%	-18.64%
2021	+51.69%	+30.52%
2020	-19.78%	+17.28%
2019	+35.44%	+31.09%
2018	-8.62%	-5.24%
2017	+16.71%	+20.78%
2016	+36.99%	+13.59%
2015	+7.65%	+1.31%
2014	-1.77%	+14.56%
2013	+14.20%	+29.00%
2012	+50.15%	+14.17%
2011	+25.81%	+0.85%
2010	+23.12%	+13.14%
2009	+84.70%	+22.67%
2008	-21.36%	-36.25%
2007	-3.81%	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

MAIN vs SPY Drawdown Comparison

The maximum drawdown for MAIN was -64.50%, occurring on Mar 23, 2020. Recovery took 288 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current MAIN drawdown is -19.95%. The current SPY drawdown is -0.92%.

Rank	MAIN	SPY
#1	-64.50% Feb 13, 2020 - Apr 7, 2021	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-36.71% Sep 8, 2008 - May 20, 2009	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-27.04% Aug 5, 2022 - Jul 26, 2023	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-24.31% Jun 10, 2008 - Sep 5, 2008	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-23.11% Nov 23, 2021 - Jul 29, 2022	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-21.54% Mar 14, 2013 - Nov 27, 2013	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-21.15% Aug 13, 2025 - May 15, 2026	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-20.97% Feb 19, 2025 - Jul 9, 2025	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-19.09% Jan 16, 2014 - Jun 23, 2015	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-18.41% Jul 16, 2015 - Dec 1, 2015	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-18.25% May 22, 2009 - Sep 29, 2009	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-17.99% Aug 22, 2018 - Feb 22, 2019	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-17.02% Jul 8, 2011 - Nov 17, 2011	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-16.89% Apr 25, 2012 - Aug 10, 2012	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-16.53% Dec 2, 2015 - Mar 17, 2016	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MAIN and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (1999 - 2026)

MAIN vs SPY dividend yield comparison.

Year	MAIN	SPY
2026	3.12%	0.24%
2025	7.00%	1.07%
2024	7.02%	1.21%
2023	8.55%	1.40%
2022	7.97%	1.65%
2021	5.74%	1.20%
2020	6.99%	1.52%
2019	6.76%	1.75%
2018	8.43%	2.04%
2017	7.49%	1.80%
2016	7.42%	2.03%
2015	9.15%	2.06%
2014	8.72%	1.87%
2013	8.18%	1.81%
2012	5.65%	2.18%
2011	7.98%	2.05%
2010	8.25%	1.80%
2009	8.53%	1.95%
2008	15.86%	3.02%
2007	2.36%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%