BLX vs. HTGC
BLX (Banco Latinoamericano de Comercio Exterior, S.A) and HTGC (Hercules Capital, Inc.) are both stocks. Both are in the Financial Services sector — BLX in Banks - Regional, HTGC in Asset Management. Over the past 10 years, BLX returned 15.17%/yr vs 13.55%/yr for HTGC. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
BLX vs. HTGC - Performance Comparison
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Returns By Period
In the year-to-date period, BLX achieves a 34.83% return, which is significantly higher than HTGC's -5.31% return. Over the past 10 years, BLX has outperformed HTGC with an annualized return of 15.17%, while HTGC has yielded a comparatively lower 13.55% annualized return.
BLX
- 1D
- 0.39%
- 1M
- -1.16%
- 6M
- 24.07%
- YTD
- 34.83%
- 1Y
- 57.23%
- 3Y*
- 42.44%
- 5Y*
- 36.80%
- 10Y*
- 15.17%
- ALL TIME*
- 8.03%
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) |
|---|---|---|---|
| $9.25M | $9.77M | $10.91M | |
| $24.38M | $23.62M | $24.96M |
BLX vs. HTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLX Banco Latinoamericano de Comercio Exterior, S.A | 34.83% | 33.06% | 53.73% | 60.61% | 4.31% | 11.50% | -19.47% | 33.06% | -31.32% | -3.40% |
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 BLX and HTGC is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2005 | 0.35 |
Fundamentals
BLX:
$1.68B
HTGC:
$3.07B
BLX:
$6.03
HTGC:
$1.29
BLX:
9.71
HTGC:
12.74
BLX:
0.23
HTGC:
0.39
BLX:
4.98
HTGC:
5.88
BLX:
1.25
HTGC:
1.44
BLX:
$456.03M
HTGC:
$548.69M
BLX:
$304.60M
HTGC:
$474.96M
BLX:
$236.52M
HTGC:
$343.23M
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Return for Risk
BLX vs. HTGC — Risk / Return Rank
BLX
HTGC
BLX vs. HTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Latinoamericano de Comercio Exterior, S.A (BLX) 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.
| BLX | HTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.02 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | -0.00 | +4.43 |
| Martin ratioReturn relative to average drawdown | 10.87 | -0.00 | +10.87 |
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Drawdowns
BLX vs. HTGC - Drawdown Comparison
The maximum BLX drawdown since its inception was -95.88%, which is greater than HTGC's maximum drawdown of -68.21%. Use the drawdown chart below to compare losses from any high point for BLX and HTGC.
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Drawdown Indicators
| BLX | HTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.88% | -68.21% | -27.67% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -24.74% | +12.32% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -27.97% | +6.96% |
Max Drawdown (5Y)Largest decline over 5 years | -30.88% | -36.11% | +5.23% |
Max Drawdown (10Y)Largest decline over 10 years | -68.51% | -57.54% | -10.97% |
Current DrawdownCurrent decline from peak | -6.74% | -10.47% | +3.73% |
Average DrawdownAverage peak-to-trough decline | -32.80% | -10.89% | -21.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 11.73% | -6.68% |
Volatility
BLX vs. HTGC - Volatility Comparison
Banco Latinoamericano de Comercio Exterior, S.A (BLX) has a higher volatility of 8.67% compared to Hercules Capital, Inc. (HTGC) at 6.80%. This indicates that BLX'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
| BLX | HTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.67% | 6.80% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 18.42% | 20.91% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.40% | 24.11% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.94% | 25.93% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.11% | 27.91% | +4.20% |
Dividends
BLX vs. HTGC - Dividend Comparison
BLX's dividend yield for the trailing twelve months is around 4.48%, less than HTGC's 13.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLX Banco Latinoamericano de Comercio Exterior, S.A | 4.48% | 5.61% | 5.62% | 4.04% | 6.17% | 6.02% | 7.17% | 7.20% | 8.90% | 5.72% | 5.23% | 4.96% |
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% |
Financials
BLX vs. HTGC - Financials Comparison
This section allows you to compare key financial metrics between Banco Latinoamericano de Comercio Exterior, S.A 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
BLX vs. HTGC - Profitability Comparison
BLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Banco Latinoamericano de Comercio Exterior, S.A reported a gross profit of 66.50M and revenue of 75.10M. Therefore, the gross margin over that period was 88.6%.
HTGC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Hercules Capital, Inc. reported a gross profit of 107.33M and revenue of 125.70M. Therefore, the gross margin over that period was 85.4%.
BLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Banco Latinoamericano de Comercio Exterior, S.A reported an operating income of 66.50M and revenue of 75.10M, resulting in an operating margin of 88.6%.
HTGC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Hercules Capital, Inc. reported an operating income of 64.60M and revenue of 125.70M, resulting in an operating margin of 51.4%.
BLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Banco Latinoamericano de Comercio Exterior, S.A reported a net income of 66.50M and revenue of 75.10M, resulting in a net margin of 88.6%.
HTGC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Hercules Capital, Inc. reported a net income of 0.00 and revenue of 125.70M, resulting in a net margin of 0.0%.
Frequently Asked Questions
BLX and HTGC have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLX has higher volatility (8.67%) compared to HTGC (6.80%). In terms of maximum drawdown, BLX dropped -95.88% vs HTGC's -68.21%.
BLX currently has the higher Sharpe Ratio (2.26 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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