MAIN vs SRG: Correlation
Main Street Capital Corporation (MAIN) and Seritage Growth Properties (SRG) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAIN and SRG?
Across a 3-year window, the weekly returns of MAIN and SRG correlate at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 331.5 %².
SRG is close to the least connected end of MAIN's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with MAIN ahead by 40.4 points (-2.5% versus -42.9%). Risk is not evenly split, since SRG carries 2.2 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MAIN vs SRG: side by side
| MAIN (Main Street Capital Corporation) | SRG (Seritage Growth Properties) | |
|---|---|---|
| 1-year return | -2.5% | -42.9% |
| 5-year return | +106.5% | -86.6% |
| Volatility (ann.) | 19.6% | 42.5% |
| Beta vs S&P 500 | 0.69 | 0.81 |
| Max drawdown (3Y) | -22.4% | -79.0% |
| Market cap | $5.5B | $0.1B |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 5.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAIN | SRG |
|---|---|---|
| 2022 | -11.4% | -10.9% |
| 2023 | +28.2% | -21.0% |
| 2024 | +47.3% | -55.9% |
| 2025 | +10.7% | -21.1% |
| 2026 | +1.9% | -36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAIN and SRG good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MAIN and SRG?
As of 2026-08-27, the correlation of weekly returns between MAIN and SRG is 0.40 over 3 years, 0.47 over 1 year and 0.35 over 5 years.
Is SRG a good diversifier for MAIN?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/main-vs-srg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/main-vs-srg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAIN correlations · SRG correlations
