HLNE vs. VCTR
HLNE (Hamilton Lane Incorporated) and VCTR (Victory Capital Holdings, Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, HLNE returned 0.96%/yr vs 30.60%/yr for VCTR. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
HLNE vs. VCTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HLNE achieves a -32.95% return, which is significantly lower than VCTR's 58.99% return.
HLNE
- 1D
- -0.04%
- 1M
- 11.47%
- 6M
- -36.24%
- YTD
- -32.95%
- 1Y
- -38.60%
- 3Y*
- 1.99%
- 5Y*
- 0.96%
- 10Y*
- —
- ALL TIME*
- 20.88%
VCTR
- 1D
- 0.56%
- 1M
- 12.87%
- 6M
- 42.22%
- YTD
- 58.99%
- 1Y
- 52.38%
- 3Y*
- 48.50%
- 5Y*
- 30.60%
- 10Y*
- —
- ALL TIME*
- 30.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $62.39M | $61.00M | $76.57M | |
| $37.59M | $42.67M | $44.40M |
HLNE vs. VCTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HLNE Hamilton Lane Incorporated | -32.95% | -7.90% | 32.40% | 81.36% | -36.98% | 34.74% | 33.55% | 64.25% | 1.21% |
VCTR Victory Capital Holdings, Inc. | 58.99% | -0.76% | 95.94% | 33.46% | -23.85% | 49.73% | 19.73% | 106.30% | -16.57% |
Correlation
The correlation between HLNE and VCTR is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018 | 0.45 |
The correlation between HLNE and VCTR shifts across timeframes, from 0.45 (all time) to 0.59 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HLNE:
$4.94B
VCTR:
$6.19B
HLNE:
$4.28
VCTR:
$6.84
HLNE:
20.75
VCTR:
14.47
HLNE:
1.53
VCTR:
6.18
HLNE:
6.35
VCTR:
4.43
HLNE:
$763.40M
VCTR:
$1.47B
HLNE:
$528.54M
VCTR:
$766.06M
HLNE:
$446.22M
VCTR:
$615.91M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HLNE vs. VCTR — Risk / Return Rank
HLNE
VCTR
HLNE vs. VCTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Lane Incorporated (HLNE) and Victory Capital Holdings, Inc. (VCTR). 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.
| HLNE | VCTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.27 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 2.64 | -3.41 |
| Martin ratioReturn relative to average drawdown | -1.30 | 5.97 | -7.26 |
Loading charts...
Drawdowns
HLNE vs. VCTR - Drawdown Comparison
The maximum HLNE drawdown since its inception was -62.26%, which is greater than VCTR's maximum drawdown of -45.22%. Use the drawdown chart below to compare losses from any high point for HLNE and VCTR.
Loading charts...
Drawdown Indicators
| HLNE | VCTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -45.22% | -17.04% |
Max Drawdown (1Y)Largest decline over 1 year | -53.19% | -18.13% | -35.06% |
Max Drawdown (3Y)Largest decline over 3 years | -62.26% | -28.06% | -34.20% |
Max Drawdown (5Y)Largest decline over 5 years | -62.26% | -45.22% | -17.04% |
Current DrawdownCurrent decline from peak | -54.52% | -1.54% | -52.98% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -14.51% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.22% | 8.02% | +23.20% |
Volatility
HLNE vs. VCTR - Volatility Comparison
Hamilton Lane Incorporated (HLNE) and Victory Capital Holdings, Inc. (VCTR) have volatilities of 9.99% and 9.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HLNE | VCTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 9.72% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 33.44% | 24.55% | +8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.76% | 30.54% | +10.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.59% | 35.00% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.56% | 38.86% | -2.30% |
Dividends
HLNE vs. VCTR - Dividend Comparison
HLNE's dividend yield for the trailing twelve months is around 2.50%, more than VCTR's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HLNE Hamilton Lane Incorporated | 2.50% | 1.57% | 1.29% | 1.53% | 2.43% | 1.31% | 1.55% | 1.74% | 2.20% | 1.48% |
VCTR Victory Capital Holdings, Inc. | 1.99% | 3.07% | 2.38% | 3.72% | 3.73% | 1.45% | 0.93% | 0.48% | 0.00% | 0.00% |
Financials
HLNE vs. VCTR - Financials Comparison
This section allows you to compare key financial metrics between Hamilton Lane Incorporated and Victory Capital Holdings, 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
HLNE vs. VCTR - Profitability Comparison
HLNE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Hamilton Lane Incorporated reported a gross profit of 137.70M and revenue of 198.59M. Therefore, the gross margin over that period was 69.3%.
VCTR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Victory Capital Holdings, Inc. reported a gross profit of 0.00 and revenue of 387.99M. Therefore, the gross margin over that period was 0.0%.
HLNE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Hamilton Lane Incorporated reported an operating income of 86.01M and revenue of 198.59M, resulting in an operating margin of 43.3%.
VCTR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Victory Capital Holdings, Inc. reported an operating income of 159.19M and revenue of 387.99M, resulting in an operating margin of 41.0%.
HLNE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Hamilton Lane Incorporated reported a net income of 58.37M and revenue of 198.59M, resulting in a net margin of 29.4%.
VCTR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Victory Capital Holdings, Inc. reported a net income of 183.58M and revenue of 387.99M, resulting in a net margin of 47.3%.
Frequently Asked Questions
HLNE and VCTR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HLNE has higher volatility (9.99%) compared to VCTR (9.72%). In terms of maximum drawdown, HLNE dropped -62.26% vs VCTR's -45.22%.
VCTR currently has the higher Sharpe Ratio (1.57 vs -1.00), 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.
Find the right allocation for HLNE and VCTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer