HTGC vs. O
HTGC (Hercules Capital, Inc.) and O (Realty Income Corporation) are both stocks. HTGC operates in Asset Management (Financial Services), while O operates in REIT - Retail (Real Estate). Over the past 10 years, HTGC returned 13.89%/yr vs 4.89%/yr for O. At a 0.30 correlation, their price movements are largely independent.
Performance
HTGC vs. O - 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 O's 13.70% return. Over the past 10 years, HTGC has outperformed O with an annualized return of 13.89%, while O has yielded a comparatively lower 4.89% annualized return.
HTGC
- 1D
- -0.06%
- 1M
- -0.19%
- YTD
- -12.79%
- 6M
- -12.84%
- 1Y
- -3.94%
- 3Y*
- 12.33%
- 5Y*
- 9.00%
- 10Y*
- 13.89%
O
- 1D
- 1.31%
- 1M
- 3.07%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.88%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
HTGC vs. O - 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% |
O Realty Income Corporation | 13.70% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between HTGC and O is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2005 | 0.30 |
Over the past year, the correlation between HTGC and O has dropped to 0.08 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
HTGC:
$1.49
O:
$1.17
HTGC:
10.40
O:
53.41
HTGC:
0.32
O:
4.35
HTGC:
5.21
O:
7.22
HTGC:
$578.18M
O:
$5.92B
HTGC:
$510.74M
O:
$3.89B
HTGC:
$380.44M
O:
$3.93B
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Return for Risk
HTGC vs. O — Risk / Return Rank
HTGC
O
HTGC vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hercules Capital, Inc. (HTGC) and Realty Income Corporation (O). 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 | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.15 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 1.29 | -1.48 |
| Martin ratioReturn relative to average drawdown | -0.42 | 3.12 | -3.54 |
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Drawdowns
HTGC vs. O - Drawdown Comparison
The maximum HTGC drawdown since its inception was -68.21%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for HTGC and O.
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Drawdown Indicators
| HTGC | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.21% | -48.45% | -19.76% |
Max Drawdown (1Y)Largest decline over 1 year | -24.74% | -11.10% | -13.64% |
Max Drawdown (3Y)Largest decline over 3 years | -27.97% | -26.49% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -36.11% | -34.48% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -57.54% | -48.28% | -9.26% |
Current DrawdownCurrent decline from peak | -17.54% | -5.94% | -11.60% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -9.20% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.98% | 4.58% | +6.40% |
Volatility
HTGC vs. O - Volatility Comparison
Hercules Capital, Inc. (HTGC) has a higher volatility of 5.93% compared to Realty Income Corporation (O) at 5.29%. This indicates that HTGC's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTGC | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 5.29% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 11.98% | +8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 16.21% | +7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.74% | 18.92% | +6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 25.64% | +2.20% |
Dividends
HTGC vs. O - Dividend Comparison
HTGC's dividend yield for the trailing twelve months is around 11.68%, more than O's 5.16% 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% |
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Financials
HTGC vs. O - Financials Comparison
This section allows you to compare key financial metrics between Hercules Capital, Inc. and Realty Income 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
HTGC vs. O - Profitability Comparison
HTGC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hercules Capital, Inc. reported a gross profit of 106.20M and revenue of 123.49M. Therefore, the gross margin over that period was 86.0%.
O - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a gross profit of 0.00 and revenue of 1.55B. Therefore, the gross margin over that period was 0.0%.
HTGC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hercules Capital, Inc. reported an operating income of 65.43M and revenue of 123.49M, resulting in an operating margin of 53.0%.
O - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported an operating income of 0.00 and revenue of 1.55B, resulting in an operating margin of 0.0%.
HTGC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hercules Capital, Inc. reported a net income of 0.00 and revenue of 123.49M, resulting in a net margin of 0.0%.
O - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a net income of -9.17M and revenue of 1.55B, resulting in a net margin of -0.6%.
Frequently Asked Questions
HTGC and O have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTGC has higher volatility (5.93%) compared to O (5.29%). In terms of maximum drawdown, HTGC dropped -68.21% vs O's -48.45%.
O currently has the higher Sharpe Ratio (0.88 vs -0.20), 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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