ALAAX vs. HTGC
Compare and contrast key facts about Invesco Income Allocation Fund (ALAAX) and Hercules Capital, Inc. (HTGC).
ALAAX is managed by Invesco. It was launched on Oct 30, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALAAX or HTGC.
Key characteristics
| ALAAX | HTGC | |
|---|---|---|
| YTD Return | 0.79% | 21.98% |
| 1Y Return | 5.24% | 64.63% |
| 3Y Return (Ann) | -0.62% | 17.78% |
| 5Y Return (Ann) | 2.36% | 20.29% |
| 10Y Return (Ann) | 3.33% | 14.39% |
| Sharpe Ratio | 0.82 | 3.31 |
| Daily Std Dev | 6.28% | 19.47% |
| Max Drawdown | -28.28% | -68.29% |
| Current Drawdown | -4.74% | 0.00% |
Correlation
The correlation between ALAAX and HTGC is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ALAAX vs. HTGC - Performance Comparison
In the year-to-date period, ALAAX achieves a 0.79% return, which is significantly lower than HTGC's 21.98% return. Over the past 10 years, ALAAX has underperformed HTGC with an annualized return of 3.33%, while HTGC has yielded a comparatively higher 14.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ALAAX vs. HTGC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Income Allocation Fund (ALAAX) and Hercules Capital, Inc. (HTGC). 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.
Dividends
ALAAX vs. HTGC - Dividend Comparison
ALAAX's dividend yield for the trailing twelve months is around 4.16%, less than HTGC's 9.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALAAX Invesco Income Allocation Fund | 4.16% | 4.07% | 3.53% | 3.19% | 4.07% | 6.98% | 3.91% | 3.36% | 3.66% | 3.81% | 3.58% | 3.34% |
HTGC Hercules Capital, Inc. | 9.20% | 11.40% | 14.90% | 9.34% | 9.57% | 9.49% | 11.40% | 9.45% | 8.79% | 10.17% | 8.33% | 6.77% |
Drawdowns
ALAAX vs. HTGC - Drawdown Comparison
The maximum ALAAX drawdown since its inception was -28.28%, smaller than the maximum HTGC drawdown of -68.29%. Use the drawdown chart below to compare losses from any high point for ALAAX and HTGC. For additional features, visit the drawdowns tool.
Volatility
ALAAX vs. HTGC - Volatility Comparison
The current volatility for Invesco Income Allocation Fund (ALAAX) is 2.01%, while Hercules Capital, Inc. (HTGC) has a volatility of 3.31%. This indicates that ALAAX experiences smaller price fluctuations and is considered to be less risky than HTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.