AMRGX vs. HTGC
AMRGX (American Growth Fund Series One) is Large Cap Growth Equities fund managed by American Growth, while HTGC (Hercules Capital, Inc.) is a stock. Over the past 10 years, AMRGX returned 11.79%/yr vs 13.55%/yr for HTGC. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
AMRGX vs. HTGC - Performance Comparison
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Returns By Period
In the year-to-date period, AMRGX achieves a 17.06% return, which is significantly higher than HTGC's -5.31% return. Over the past 10 years, AMRGX has underperformed HTGC with an annualized return of 11.79%, while HTGC has yielded a comparatively higher 13.55% annualized return.
AMRGX
- 1D
- 2.55%
- 1M
- -0.50%
- 6M
- 12.78%
- YTD
- 17.06%
- 1Y
- 37.70%
- 3Y*
- 17.59%
- 5Y*
- 9.71%
- 10Y*
- 11.79%
- ALL TIME*
- 2.94%
HTGC
- 1D
- 3.01%
- 1M
- 5.45%
- 6M
- -3.83%
- YTD
- -5.31%
- 1Y
- -2.08%
- 3Y*
- 10.85%
- 5Y*
- 11.05%
- 10Y*
- 13.55%
- ALL TIME*
- 11.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $24.38M | $23.62M | $24.96M |
AMRGX vs. HTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMRGX American Growth Fund Series One | 17.06% | 11.18% | 16.61% | 24.38% | -19.93% | 15.64% | 18.65% | 36.73% | -9.07% | 13.37% |
HTGC Hercules Capital, Inc. | -5.31% | 3.54% | 33.33% | 42.91% | -10.42% | 26.50% | 14.49% | 39.86% | -6.86% | 1.86% |
Correlation
The correlation between AMRGX and HTGC is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2005 | 0.43 |
Over the past year, the correlation between AMRGX and HTGC has dropped to 0.16 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
AMRGX vs. HTGC — Risk / Return Rank
AMRGX
HTGC
AMRGX vs. HTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Growth Fund Series One (AMRGX) 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.
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.
| AMRGX | HTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.02 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | -0.00 | +2.51 |
| Martin ratioReturn relative to average drawdown | 5.86 | -0.00 | +5.87 |
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Drawdowns
AMRGX vs. HTGC - Drawdown Comparison
The maximum AMRGX drawdown since its inception was -80.32%, which is greater than HTGC's maximum drawdown of -68.21%. Use the drawdown chart below to compare losses from any high point for AMRGX and HTGC.
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Drawdown Indicators
| AMRGX | HTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.32% | -68.21% | -12.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.98% | -24.74% | +10.76% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -27.97% | +6.82% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -36.11% | +0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -35.42% | -57.54% | +22.12% |
Current DrawdownCurrent decline from peak | -5.31% | -10.47% | +5.16% |
Average DrawdownAverage peak-to-trough decline | -40.05% | -10.89% | -29.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 11.73% | -5.82% |
Volatility
AMRGX vs. HTGC - Volatility Comparison
The current volatility for American Growth Fund Series One (AMRGX) is 6.43%, while Hercules Capital, Inc. (HTGC) has a volatility of 6.80%. This indicates that AMRGX 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.
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Volatility by Period
| AMRGX | HTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 6.80% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 17.26% | 20.91% | -3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.73% | 24.11% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.64% | 25.93% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.64% | 27.91% | -6.27% |
Dividends
AMRGX vs. HTGC - Dividend Comparison
AMRGX's dividend yield for the trailing twelve months is around 15.23%, more than HTGC's 13.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMRGX American Growth Fund Series One | 15.23% | 17.82% | 12.39% | 8.17% | 7.77% | 12.21% | 2.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HTGC Hercules Capital, Inc. | 13.40% | 9.99% | 9.56% | 11.40% | 13.77% | 9.76% | 9.02% | 9.49% | 11.40% | 9.45% | 8.79% | 10.17% |
Frequently Asked Questions
AMRGX and HTGC have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTGC has higher volatility (6.80%) compared to AMRGX (6.43%). In terms of maximum drawdown, AMRGX dropped -80.32% vs HTGC's -68.21%.
AMRGX currently has the higher Sharpe Ratio (1.22 vs -0.00), 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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