HTBK vs. TS
HTBK (Heritage Commerce Corp) and TS (Tenaris S.A.) are both stocks. HTBK operates in Banks - Regional (Financial Services), while TS operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, HTBK returned 7.07%/yr vs 12.57%/yr for TS. At a 0.28 correlation, their price movements are largely independent.
Performance
HTBK vs. TS - Performance Comparison
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Returns By Period
In the year-to-date period, HTBK achieves a 14.28% return, which is significantly lower than TS's 69.33% return. Over the past 10 years, HTBK has underperformed TS with an annualized return of 7.07%, while TS has yielded a comparatively higher 12.57% annualized return.
HTBK
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 14.28%
- 6M
- 23.43%
- 1Y
- 53.78%
- 3Y*
- 25.08%
- 5Y*
- 8.03%
- 10Y*
- 7.07%
TS
- 1D
- 1.96%
- 1M
- 2.21%
- YTD
- 69.33%
- 6M
- 63.63%
- 1Y
- 87.08%
- 3Y*
- 38.28%
- 5Y*
- 26.22%
- 10Y*
- 12.57%
HTBK vs. TS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTBK Heritage Commerce Corp | 14.28% | 35.05% | 0.12% | -19.19% | 14.60% | 41.02% | -26.22% | 17.61% | -23.82% | 9.16% |
TS Tenaris S.A. | 69.33% | 4.98% | 12.88% | 2.63% | 73.26% | 34.03% | -28.87% | 9.68% | -31.51% | -6.68% |
Correlation
The correlation between HTBK and TS is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2002 | 0.29 |
The correlation between HTBK and TS shifts across timeframes, from 0.16 (1 year) to 0.36 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HTBK:
$829.88M
TS:
$15.98B
HTBK:
$0.78
TS:
$4.26
HTBK:
17.34
TS:
14.99
HTBK:
4.32
TS:
0.41
HTBK:
3.12
TS:
2.43
HTBK:
1.17
TS:
0.94
HTBK:
$266.14M
TS:
$12.16B
HTBK:
$193.31M
TS:
$3.89B
HTBK:
$71.21M
TS:
$3.16B
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Return for Risk
HTBK vs. TS — Risk / Return Rank
HTBK
TS
HTBK vs. TS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heritage Commerce Corp (HTBK) and Tenaris S.A. (TS). 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.
| HTBK | TS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 3.11 | -0.98 |
Sortino ratioReturn per unit of downside risk | 3.08 | 3.75 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.49 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.87 | 7.34 | -3.47 |
Martin ratioReturn relative to average drawdown | 10.12 | 19.88 | -9.76 |
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
| HTBK | TS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 3.11 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.78 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.34 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.41 | -0.34 |
Drawdowns
HTBK vs. TS - Drawdown Comparison
The maximum HTBK drawdown since its inception was -90.46%, which is greater than TS's maximum drawdown of -83.34%. Use the drawdown chart below to compare losses from any high point for HTBK and TS.
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Drawdown Indicators
| HTBK | TS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -83.34% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -13.28% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -29.81% | +6.36% |
Max Drawdown (5Y)Largest decline over 5 years | -52.92% | -33.71% | -19.21% |
Max Drawdown (10Y)Largest decline over 10 years | -62.03% | -76.21% | +14.18% |
Current DrawdownCurrent decline from peak | -11.57% | 0.00% | -11.57% |
Average DrawdownAverage peak-to-trough decline | -47.80% | -36.82% | -10.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 4.91% | +0.24% |
Volatility
HTBK vs. TS - Volatility Comparison
The current volatility for Heritage Commerce Corp (HTBK) is 0.00%, while Tenaris S.A. (TS) has a volatility of 10.13%. This indicates that HTBK experiences smaller price fluctuations and is considered to be less risky than TS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTBK | TS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 10.13% | -10.13% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 20.82% | -4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.39% | 28.65% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.72% | 33.60% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.36% | 36.87% | -2.51% |
Dividends
HTBK vs. TS - Dividend Comparison
HTBK's dividend yield for the trailing twelve months is around 3.87%, more than TS's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTBK Heritage Commerce Corp | 3.87% | 4.33% | 5.54% | 5.24% | 5.00% | 4.36% | 5.86% | 3.74% | 3.88% | 2.61% | 2.49% | 2.68% |
TS Tenaris S.A. | 2.79% | 2.96% | 3.55% | 3.11% | 2.56% | 2.59% | 0.88% | 3.62% | 3.85% | 4.39% | 2.41% | 3.78% |
Financials
HTBK vs. TS - Financials Comparison
This section allows you to compare key financial metrics between Heritage Commerce Corp and Tenaris S.A.. 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
HTBK vs. TS - Profitability Comparison
HTBK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Heritage Commerce Corp reported a gross profit of 53.62M and revenue of 70.25M. Therefore, the gross margin over that period was 76.3%.
TS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tenaris S.A. reported a gross profit of 1.05B and revenue of 3.11B. Therefore, the gross margin over that period was 33.9%.
HTBK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Heritage Commerce Corp reported an operating income of 21.88M and revenue of 70.25M, resulting in an operating margin of 31.1%.
TS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tenaris S.A. reported an operating income of 585.67M and revenue of 3.11B, resulting in an operating margin of 18.8%.
HTBK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Heritage Commerce Corp reported a net income of 15.12M and revenue of 70.25M, resulting in a net margin of 21.5%.
TS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tenaris S.A. reported a net income of 542.67M and revenue of 3.11B, resulting in a net margin of 17.4%.
Frequently Asked Questions
HTBK and TS 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.
TS has higher volatility (10.13%) compared to HTBK (0.00%). In terms of maximum drawdown, HTBK dropped -90.46% vs TS's -83.34%.
TS currently has the higher Sharpe Ratio (3.11 vs 2.13), 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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