HTGC vs. SPY
Compare and contrast key facts about Hercules Capital, Inc. (HTGC) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HTGC or SPY.
Performance
HTGC vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with HTGC having a 23.32% return and SPY slightly higher at 24.40%. Both investments have delivered pretty close results over the past 10 years, with HTGC having a 12.99% annualized return and SPY not far ahead at 13.04%.
HTGC
23.32%
-4.41%
1.83%
31.35%
18.06%
12.99%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| HTGC | SPY | |
|---|---|---|
| Sharpe Ratio | 1.47 | 2.64 |
| Sortino Ratio | 1.80 | 3.53 |
| Omega Ratio | 1.31 | 1.49 |
| Calmar Ratio | 1.74 | 3.81 |
| Martin Ratio | 5.78 | 17.21 |
| Ulcer Index | 5.51% | 1.86% |
| Daily Std Dev | 21.71% | 12.15% |
| Max Drawdown | -68.29% | -55.19% |
| Current Drawdown | -9.03% | -2.17% |
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Correlation
The correlation between HTGC and SPY is 0.49, 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.
Risk-Adjusted Performance
HTGC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hercules Capital, Inc. (HTGC) and SPDR S&P 500 ETF (SPY). 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.
Dividends
HTGC vs. SPY - Dividend Comparison
HTGC's dividend yield for the trailing twelve months is around 8.47%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTGC Hercules Capital, Inc. | 8.47% | 11.40% | 14.90% | 9.34% | 9.57% | 9.49% | 11.40% | 9.45% | 8.79% | 10.17% | 8.33% | 6.77% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HTGC vs. SPY - Drawdown Comparison
The maximum HTGC drawdown since its inception was -68.29%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HTGC and SPY. For additional features, visit the drawdowns tool.
Volatility
HTGC vs. SPY - Volatility Comparison
Hercules Capital, Inc. (HTGC) has a higher volatility of 5.47% compared to SPDR S&P 500 ETF (SPY) at 4.06%. This indicates that HTGC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.