HTGC vs. SGOV
HTGC (Hercules Capital, Inc.) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, HTGC returned 9.40%/yr vs 3.57%/yr for SGOV. At a correlation of -0.00, they often move in opposite directions.
Performance
HTGC vs. SGOV - 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 SGOV's 1.69% 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%
SGOV
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 1.69%
- 6M
- 1.79%
- 1Y
- 3.92%
- 3Y*
- 4.71%
- 5Y*
- 3.57%
- 10Y*
- —
HTGC vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HTGC Hercules Capital, Inc. | -12.85% | 3.54% | 33.33% | 42.91% | -10.42% | 26.50% | 32.91% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.69% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between HTGC and SGOV is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.00 |
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Return for Risk
HTGC vs. SGOV — Risk / Return Rank
HTGC
SGOV
HTGC vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hercules Capital, Inc. (HTGC) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.57 | ||
| Sortino ratioReturn per unit of downside risk | -276.48 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 196.05 | -195.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 399.24 | -399.41 |
| Martin ratioReturn relative to average drawdown | -0.38 | 4,473.64 | -4,474.02 |
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Drawdowns
HTGC vs. SGOV - Drawdown Comparison
The maximum HTGC drawdown since its inception was -68.21%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for HTGC and SGOV.
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Drawdown Indicators
| HTGC | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.21% | -0.03% | -68.18% |
Max Drawdown (1Y)Largest decline over 1 year | -24.74% | -0.01% | -24.73% |
Max Drawdown (3Y)Largest decline over 3 years | -27.97% | -0.01% | -27.96% |
Max Drawdown (5Y)Largest decline over 5 years | -36.11% | -0.03% | -36.08% |
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% | 0.00% | +11.11% |
Volatility
HTGC vs. SGOV - Volatility Comparison
Hercules Capital, Inc. (HTGC) has a higher volatility of 6.15% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that HTGC's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTGC | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 0.06% | +6.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.11% | 0.13% | +19.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 0.19% | +23.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.76% | 0.24% | +25.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.85% | 0.24% | +27.61% |
Dividends
HTGC vs. SGOV - Dividend Comparison
HTGC's dividend yield for the trailing twelve months is around 11.68%, more than SGOV's 3.85% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HTGC and SGOV have a correlation of -0.01, 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 SGOV (0.06%). In terms of maximum drawdown, HTGC dropped -68.21% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.39 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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