HTGC vs. KBWY
Compare and contrast key facts about Hercules Capital, Inc. (HTGC) and Invesco KBW Premium Yield Equity REIT ETF (KBWY).
KBWY is a passively managed fund by Invesco that tracks the performance of the KBW Premium Yield Equity REIT Index. It was launched on Dec 2, 2010.
Performance
HTGC vs. KBWY - Performance Comparison
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HTGC vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTGC Hercules Capital, Inc. | -18.99% | 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 | 1.36% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.81% |
Returns By Period
In the year-to-date period, HTGC achieves a -18.99% return, which is significantly lower than KBWY's 1.36% return. Over the past 10 years, HTGC has outperformed KBWY with an annualized return of 12.98%, while KBWY has yielded a comparatively lower 0.27% annualized return.
HTGC
- 1D
- 4.01%
- 1M
- 3.94%
- YTD
- -18.99%
- 6M
- -17.22%
- 1Y
- -14.23%
- 3Y*
- 16.72%
- 5Y*
- 9.21%
- 10Y*
- 12.98%
KBWY
- 1D
- 1.46%
- 1M
- -5.95%
- YTD
- 1.36%
- 6M
- 0.50%
- 1Y
- 0.75%
- 3Y*
- 2.80%
- 5Y*
- -0.24%
- 10Y*
- 0.27%
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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.
| HTGC | KBWY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.56 | 0.04 | -0.60 |
Sortino ratioReturn per unit of downside risk | -0.62 | 0.19 | -0.81 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.02 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | 0.08 | -0.67 |
Martin ratioReturn relative to average drawdown | -1.54 | 0.23 | -1.77 |
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
| HTGC | KBWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 0.04 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | -0.01 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.01 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.16 | +0.19 |
Correlation
The correlation between HTGC and KBWY is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HTGC vs. KBWY - Dividend Comparison
HTGC's dividend yield for the trailing twelve months is around 12.73%, more than KBWY's 9.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTGC Hercules Capital, Inc. | 12.73% | 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 | 9.87% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
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% | -13.71% | -11.03% |
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 | -23.41% | -22.78% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -10.79% | -14.17% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.38% | 4.89% | +4.49% |
Volatility
HTGC vs. KBWY - Volatility Comparison
Hercules Capital, Inc. (HTGC) has a higher volatility of 8.67% compared to Invesco KBW Premium Yield Equity REIT ETF (KBWY) at 5.91%. 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 | 8.67% | 5.91% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 19.68% | 11.75% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.56% | 19.26% | +6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.66% | 21.58% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.76% | 27.04% | +0.72% |