HTGC vs. KBWY
HTGC (Hercules Capital, Inc.) is a stock, while KBWY (Invesco KBW Premium Yield Equity REIT ETF) is REIT fund tracking the KBW Nasdaq Premium Yield Equity REIT Index. Over the past 10 years, HTGC returned 13.55%/yr vs 0.68%/yr for KBWY. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
HTGC vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, HTGC achieves a -5.31% return, which is significantly lower than KBWY's 25.42% return. Over the past 10 years, HTGC has outperformed KBWY with an annualized return of 13.55%, while KBWY has yielded a comparatively lower 0.68% annualized return.
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%
KBWY
- 1D
- -1.02%
- 1M
- -1.98%
- 6M
- 20.28%
- YTD
- 25.42%
- 1Y
- 32.49%
- 3Y*
- 7.59%
- 5Y*
- 2.70%
- 10Y*
- 0.68%
- ALL TIME*
- 5.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.38M | $23.62M | $24.96M | |
| $2.57M | $2.83M | $2.51M |
HTGC vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTGC Hercules Capital, Inc. | -5.31% | 3.54% | 33.33% | 42.91% | -10.42% | 26.50% | 14.49% | 39.86% | -6.86% | 1.86% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 25.42% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.81% |
Correlation
The correlation between HTGC and KBWY 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. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.42 |
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Return for Risk
HTGC vs. KBWY — Risk / Return Rank
HTGC
KBWY
HTGC vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hercules Capital, Inc. (HTGC) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). 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 | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.32 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 3.46 | -3.46 |
| Martin ratioReturn relative to average drawdown | -0.00 | 8.62 | -8.62 |
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Drawdowns
HTGC vs. KBWY - Drawdown Comparison
The maximum HTGC drawdown since its inception was -68.21%, which is greater than KBWY's maximum drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for HTGC and KBWY.
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Drawdown Indicators
| HTGC | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.21% | -57.68% | -10.53% |
Max Drawdown (1Y)Largest decline over 1 year | -24.74% | -9.24% | -15.50% |
Max Drawdown (3Y)Largest decline over 3 years | -27.97% | -29.93% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -36.11% | -32.29% | -3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -57.54% | -57.68% | +0.14% |
Current DrawdownCurrent decline from peak | -10.47% | -4.45% | -6.02% |
Average DrawdownAverage peak-to-trough decline | -10.89% | -14.08% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.73% | 3.70% | +8.03% |
Volatility
HTGC vs. KBWY - Volatility Comparison
Hercules Capital, Inc. (HTGC) has a higher volatility of 6.80% compared to Invesco KBW Premium Yield Equity REIT ETF (KBWY) at 4.52%. This indicates that HTGC's price experiences larger fluctuations and is considered to be riskier than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTGC | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 4.52% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 20.91% | 12.24% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.11% | 16.51% | +7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.93% | 21.56% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.91% | 27.06% | +0.85% |
Dividends
HTGC vs. KBWY - Dividend Comparison
HTGC's dividend yield for the trailing twelve months is around 13.40%, more than KBWY's 8.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.11% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
Frequently Asked Questions
HTGC and KBWY 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 KBWY (4.52%). In terms of maximum drawdown, HTGC dropped -68.21% vs KBWY's -57.68%.
KBWY currently has the higher Sharpe Ratio (1.94 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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