BAX vs. HTGC
BAX (Baxter International Inc.) and HTGC (Hercules Capital, Inc.) are both stocks. BAX operates in Medical Instruments & Supplies (Healthcare), while HTGC operates in Mortgage Finance (Financial Services). Over the past 10 years, BAX returned -6.73%/yr vs 13.30%/yr for HTGC. At a 0.24 correlation, their price movements are largely independent.
Performance
BAX vs. HTGC - Performance Comparison
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Returns By Period
In the year-to-date period, BAX achieves a -2.88% return, which is significantly higher than HTGC's -14.37% return. Over the past 10 years, BAX has underperformed HTGC with an annualized return of -6.73%, while HTGC has yielded a comparatively higher 13.30% annualized return.
BAX
- 1D
- -0.75%
- 1M
- 11.61%
- YTD
- -2.88%
- 6M
- -1.75%
- 1Y
- -37.86%
- 3Y*
- -21.84%
- 5Y*
- -24.25%
- 10Y*
- -6.73%
HTGC
- 1D
- -1.93%
- 1M
- -5.03%
- YTD
- -14.37%
- 6M
- -14.09%
- 1Y
- -4.30%
- 3Y*
- 12.45%
- 5Y*
- 9.03%
- 10Y*
- 13.30%
BAX vs. HTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAX Baxter International Inc. | -2.88% | -33.28% | -22.40% | -21.91% | -39.58% | 8.48% | -2.95% | 28.40% | 2.89% | 47.30% |
HTGC Hercules Capital, Inc. | -14.37% | 3.54% | 33.33% | 42.91% | -10.42% | 26.50% | 14.49% | 39.86% | -6.86% | 1.86% |
Correlation
The correlation between BAX and HTGC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2005 | 0.24 |
The correlation between BAX and HTGC shifts across timeframes, from 0.14 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BAX:
$9.55B
HTGC:
$3.00B
BAX:
-$1.74
HTGC:
$1.49
BAX:
0.84
HTGC:
5.11
BAX:
1.58
HTGC:
1.35
BAX:
$11.32B
HTGC:
$578.18M
BAX:
$3.41B
HTGC:
$510.74M
BAX:
$399.00M
HTGC:
$380.44M
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Return for Risk
BAX vs. HTGC — Risk / Return Rank
BAX
HTGC
BAX vs. HTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baxter International Inc. (BAX) 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.
| BAX | HTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.99 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.17 | -0.59 |
| Martin ratioReturn relative to average drawdown | -1.11 | -0.40 | -0.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAX | HTGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.82 | -0.19 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.72 | 0.35 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | 0.48 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.35 | -0.13 |
Drawdowns
BAX vs. HTGC - Drawdown Comparison
The maximum BAX drawdown since its inception was -81.15%, which is greater than HTGC's maximum drawdown of -68.21%. Use the drawdown chart below to compare losses from any high point for BAX and HTGC.
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Drawdown Indicators
| BAX | HTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -68.21% | -12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -49.79% | -24.74% | -25.05% |
Max Drawdown (3Y)Largest decline over 3 years | -65.90% | -27.97% | -37.93% |
Max Drawdown (5Y)Largest decline over 5 years | -80.61% | -36.11% | -44.50% |
Max Drawdown (10Y)Largest decline over 10 years | -81.15% | -57.54% | -23.61% |
Current DrawdownCurrent decline from peak | -77.87% | -19.03% | -58.84% |
Average DrawdownAverage peak-to-trough decline | -21.63% | -10.86% | -10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.06% | 10.72% | +23.34% |
Volatility
BAX vs. HTGC - Volatility Comparison
Baxter International Inc. (BAX) has a higher volatility of 9.66% compared to Hercules Capital, Inc. (HTGC) at 5.23%. This indicates that BAX's price experiences larger fluctuations and is considered to be riskier 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
| BAX | HTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.66% | 5.23% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 31.84% | 20.00% | +11.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.13% | 23.14% | +22.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.68% | 25.72% | +7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.23% | 27.84% | +1.39% |
Dividends
BAX vs. HTGC - Dividend Comparison
BAX's dividend yield for the trailing twelve months is around 1.08%, less than HTGC's 11.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAX Baxter International Inc. | 1.08% | 2.72% | 3.57% | 3.00% | 2.26% | 1.26% | 1.19% | 1.02% | 1.11% | 0.94% | 1.14% | 87.05% |
HTGC Hercules Capital, Inc. | 11.89% | 9.99% | 9.56% | 11.40% | 13.77% | 9.76% | 9.02% | 9.49% | 11.40% | 9.45% | 8.79% | 10.17% |
Financials
BAX vs. HTGC - Financials Comparison
This section allows you to compare key financial metrics between Baxter International Inc. and Hercules Capital, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BAX vs. HTGC - Profitability Comparison
BAX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Baxter International Inc. reported a gross profit of 891.00M and revenue of 2.70B. Therefore, the gross margin over that period was 33.0%.
HTGC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hercules Capital, Inc. reported a gross profit of 106.20M and revenue of 123.49M. Therefore, the gross margin over that period was 86.0%.
BAX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Baxter International Inc. reported an operating income of -42.00M and revenue of 2.70B, resulting in an operating margin of -1.6%.
HTGC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hercules Capital, Inc. reported an operating income of 65.43M and revenue of 123.49M, resulting in an operating margin of 53.0%.
BAX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Baxter International Inc. reported a net income of 190.00M and revenue of 2.70B, resulting in a net margin of 7.0%.
HTGC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hercules Capital, Inc. reported a net income of 0.00 and revenue of 123.49M, resulting in a net margin of 0.0%.
Frequently Asked Questions
BAX and HTGC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAX has higher volatility (9.66%) compared to HTGC (5.23%). In terms of maximum drawdown, BAX dropped -81.15% vs HTGC's -68.21%.
HTGC currently has the higher Sharpe Ratio (-0.19 vs -0.82), 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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