EAEAX vs. HTGC
EAEAX (Eaton Vance Tax-Managed Equity Asset Allocation Fund) is Diversified Portfolio fund managed by BlackRock, while HTGC (Hercules Capital, Inc.) is a stock. Over the past 10 years, EAEAX returned 11.49%/yr vs 13.55%/yr for HTGC. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
EAEAX vs. HTGC - Performance Comparison
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Returns By Period
In the year-to-date period, EAEAX achieves a 9.94% return, which is significantly higher than HTGC's -5.31% return. Over the past 10 years, EAEAX has underperformed HTGC with an annualized return of 11.49%, while HTGC has yielded a comparatively higher 13.55% annualized return.
EAEAX
- 1D
- 1.24%
- 1M
- 0.00%
- 6M
- 7.38%
- YTD
- 9.94%
- 1Y
- 18.80%
- 3Y*
- 14.82%
- 5Y*
- 8.72%
- 10Y*
- 11.49%
- ALL TIME*
- 8.64%
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 |
EAEAX vs. HTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EAEAX Eaton Vance Tax-Managed Equity Asset Allocation Fund | 9.94% | 12.06% | 17.99% | 20.69% | -18.19% | 21.24% | 15.47% | 27.44% | -5.86% | 19.16% |
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 EAEAX and HTGC is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2005 | 0.50 |
The correlation between EAEAX and HTGC shifts across timeframes, from 0.39 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EAEAX vs. HTGC — Risk / Return Rank
EAEAX
HTGC
EAEAX vs. HTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) 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.
| EAEAX | HTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.02 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | -0.00 | +1.75 |
| Martin ratioReturn relative to average drawdown | 7.89 | -0.00 | +7.89 |
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Drawdowns
EAEAX vs. HTGC - Drawdown Comparison
The maximum EAEAX drawdown since its inception was -53.71%, smaller than the maximum HTGC drawdown of -68.21%. Use the drawdown chart below to compare losses from any high point for EAEAX and HTGC.
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Drawdown Indicators
| EAEAX | HTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.71% | -68.21% | +14.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.37% | -24.74% | +15.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.69% | -27.97% | +10.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.72% | -36.11% | +11.39% |
Max Drawdown (10Y)Largest decline over 10 years | -34.74% | -57.54% | +22.80% |
Current DrawdownCurrent decline from peak | -1.03% | -10.47% | +9.44% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -10.89% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 11.73% | -9.65% |
Volatility
EAEAX vs. HTGC - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Equity Asset Allocation Fund (EAEAX) is 2.98%, while Hercules Capital, Inc. (HTGC) has a volatility of 6.80%. This indicates that EAEAX 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
| EAEAX | HTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 6.80% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 20.91% | -11.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 24.11% | -12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 25.93% | -10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 27.91% | -11.08% |
Dividends
EAEAX vs. HTGC - Dividend Comparison
EAEAX's dividend yield for the trailing twelve months is around 3.90%, less than HTGC's 13.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAEAX Eaton Vance Tax-Managed Equity Asset Allocation Fund | 3.90% | 4.29% | 0.80% | 0.53% | 0.79% | 2.58% | 0.57% | 1.87% | 2.12% | 3.13% | 1.10% | 6.32% |
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
EAEAX and HTGC have a correlation of 0.39, 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 EAEAX (2.98%). In terms of maximum drawdown, EAEAX dropped -53.71% vs HTGC's -68.21%.
EAEAX currently has the higher Sharpe Ratio (1.36 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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