HTGC vs. BOXX
HTGC (Hercules Capital, Inc.) is a stock, while BOXX (Alpha Architect 1-3 Month Box ETF) is Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. Over the past 3 years, HTGC returned 12.94%/yr vs 4.72%/yr for BOXX. At a 0.01 correlation, their price movements are largely independent.
Performance
HTGC vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, HTGC achieves a -12.85% return, which is significantly lower than BOXX's 1.70% return.
HTGC
- 1D
- 0.52%
- 1M
- 0.13%
- YTD
- -12.85%
- 6M
- -11.39%
- 1Y
- -4.17%
- 3Y*
- 12.94%
- 5Y*
- 9.40%
- 10Y*
- 13.63%
BOXX
- 1D
- 0.05%
- 1M
- 0.24%
- YTD
- 1.70%
- 6M
- 1.88%
- 1Y
- 4.01%
- 3Y*
- 4.72%
- 5Y*
- —
- 10Y*
- —
HTGC vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HTGC Hercules Capital, Inc. | -12.85% | 3.54% | 33.33% | 42.91% | 1.07% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.70% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between HTGC and BOXX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2022 | 0.01 |
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Return for Risk
HTGC vs. BOXX — Risk / Return Rank
HTGC
BOXX
HTGC vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hercules Capital, Inc. (HTGC) and Alpha Architect 1-3 Month Box ETF (BOXX). 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.
| HTGC | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.77 | ||
| Sortino ratioReturn per unit of downside risk | -36.58 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 9.20 | -8.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 59.70 | -59.87 |
| Martin ratioReturn relative to average drawdown | -0.38 | 515.32 | -515.71 |
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Drawdowns
HTGC vs. BOXX - Drawdown Comparison
The maximum HTGC drawdown since its inception was -68.21%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for HTGC and BOXX.
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Drawdown Indicators
| HTGC | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.21% | -0.12% | -68.09% |
Max Drawdown (1Y)Largest decline over 1 year | -24.74% | -0.07% | -24.67% |
Max Drawdown (3Y)Largest decline over 3 years | -27.97% | -0.12% | -27.85% |
Max Drawdown (5Y)Largest decline over 5 years | -36.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.54% | — | — |
Current DrawdownCurrent decline from peak | -17.60% | 0.00% | -17.60% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -0.00% | -10.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.11% | 0.01% | +11.10% |
Volatility
HTGC vs. BOXX - Volatility Comparison
Hercules Capital, Inc. (HTGC) has a higher volatility of 6.15% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.12%. This indicates that HTGC's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTGC | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 0.12% | +6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 20.11% | 0.26% | +19.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 0.33% | +23.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.76% | 0.37% | +25.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.85% | 0.37% | +27.48% |
Dividends
HTGC vs. BOXX - Dividend Comparison
HTGC's dividend yield for the trailing twelve months is around 11.68%, while BOXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOXX Alpha Architect 1-3 Month Box ETF | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HTGC Hercules Capital, Inc. | 11.68% | 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
HTGC and BOXX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTGC has higher volatility (6.15%) compared to BOXX (0.12%). In terms of maximum drawdown, HTGC dropped -68.21% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.59 vs -0.18), 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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