HTGC vs. NMFC
HTGC (Hercules Capital, Inc.) and NMFC (New Mountain Finance Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, HTGC returned 13.89%/yr vs 6.45%/yr for NMFC. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
HTGC vs. NMFC - Performance Comparison
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Returns By Period
In the year-to-date period, HTGC achieves a -12.79% return, which is significantly lower than NMFC's -9.98% return. Over the past 10 years, HTGC has outperformed NMFC with an annualized return of 13.89%, while NMFC has yielded a comparatively lower 6.45% annualized return.
HTGC
- 1D
- -0.06%
- 1M
- 0.26%
- YTD
- -12.79%
- 6M
- -12.84%
- 1Y
- -4.63%
- 3Y*
- 12.33%
- 5Y*
- 9.00%
- 10Y*
- 13.89%
NMFC
- 1D
- 0.76%
- 1M
- -1.61%
- YTD
- -9.98%
- 6M
- -11.66%
- 1Y
- -15.21%
- 3Y*
- -3.21%
- 5Y*
- 0.62%
- 10Y*
- 6.45%
HTGC vs. NMFC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTGC Hercules Capital, Inc. | -12.79% | 3.54% | 33.33% | 42.91% | -10.42% | 26.50% | 14.49% | 39.86% | -6.86% | 1.86% |
NMFC New Mountain Finance Corporation | -9.98% | -7.17% | -0.95% | 15.47% | -0.55% | 31.94% | -7.13% | 20.64% | 2.78% | 5.71% |
Correlation
The correlation between HTGC and NMFC is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 20, 2011 | 0.50 |
The correlation between HTGC and NMFC shifts across timeframes, from 0.50 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
HTGC:
$1.49
NMFC:
$328.53
HTGC:
10.40
NMFC:
0.02
HTGC:
5.21
NMFC:
2.35
HTGC:
$578.18M
NMFC:
$315.55M
HTGC:
$510.74M
NMFC:
$203.95M
HTGC:
$380.44M
NMFC:
$106.53M
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Return for Risk
HTGC vs. NMFC — Risk / Return Rank
HTGC
NMFC
HTGC vs. NMFC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hercules Capital, Inc. (HTGC) and New Mountain Finance Corporation (NMFC). 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 | NMFC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.90 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | -0.62 | +0.43 |
| Martin ratioReturn relative to average drawdown | -0.42 | -1.20 | +0.78 |
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Drawdowns
HTGC vs. NMFC - Drawdown Comparison
The maximum HTGC drawdown since its inception was -68.21%, which is greater than NMFC's maximum drawdown of -64.16%. Use the drawdown chart below to compare losses from any high point for HTGC and NMFC.
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Drawdown Indicators
| HTGC | NMFC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.21% | -64.16% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -24.74% | -24.56% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -27.97% | -27.77% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -36.11% | -27.77% | -8.34% |
Max Drawdown (10Y)Largest decline over 10 years | -57.54% | -64.16% | +6.62% |
Current DrawdownCurrent decline from peak | -17.54% | -21.72% | +4.18% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -5.47% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.98% | 12.70% | -1.72% |
Volatility
HTGC vs. NMFC - Volatility Comparison
The current volatility for Hercules Capital, Inc. (HTGC) is 5.93%, while New Mountain Finance Corporation (NMFC) has a volatility of 6.36%. This indicates that HTGC experiences smaller price fluctuations and is considered to be less risky than NMFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTGC | NMFC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 6.36% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 18.29% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 22.70% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.74% | 18.51% | +7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 25.91% | +1.93% |
Dividends
HTGC vs. NMFC - Dividend Comparison
HTGC's dividend yield for the trailing twelve months is around 11.68%, less than NMFC's 16.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NMFC New Mountain Finance Corporation | 16.10% | 13.90% | 12.17% | 11.40% | 9.86% | 8.76% | 10.92% | 9.90% | 10.81% | 10.04% | 9.65% | 10.45% |
Financials
HTGC vs. NMFC - Financials Comparison
This section allows you to compare key financial metrics between Hercules Capital, Inc. and New Mountain Finance Corporation. 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
Frequently Asked Questions
HTGC and NMFC have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMFC has higher volatility (6.36%) compared to HTGC (5.93%). In terms of maximum drawdown, HTGC dropped -68.21% vs NMFC's -64.16%.
HTGC currently has the higher Sharpe Ratio (-0.20 vs -0.67), 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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