HTGC vs. UTG
HTGC (Hercules Capital, Inc.) and UTG (Reaves Utility Income Trust) 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 10.23%/yr for UTG. At a 0.29 correlation, their price movements are largely independent.
Performance
HTGC vs. UTG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HTGC achieves a -12.79% return, which is significantly lower than UTG's 13.63% return. Over the past 10 years, HTGC has outperformed UTG with an annualized return of 13.89%, while UTG has yielded a comparatively lower 10.23% 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%
UTG
- 1D
- 1.59%
- 1M
- -3.02%
- YTD
- 13.63%
- 6M
- 13.46%
- 1Y
- 23.88%
- 3Y*
- 22.50%
- 5Y*
- 10.71%
- 10Y*
- 10.23%
HTGC vs. UTG - 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% |
UTG Reaves Utility Income Trust | 13.63% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
Correlation
The correlation between HTGC and UTG 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 | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2005 | 0.29 |
Over the past year, the correlation between HTGC and UTG has dropped to 0.08 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
HTGC:
$3.05B
UTG:
$3.66B
HTGC:
$1.49
UTG:
$18.20
HTGC:
10.40
UTG:
2.24
HTGC:
0.32
UTG:
0.01
HTGC:
5.21
UTG:
6.97
HTGC:
1.37
UTG:
1.04
HTGC:
$578.18M
UTG:
$525.39M
HTGC:
$510.74M
UTG:
$228.88M
HTGC:
$380.44M
UTG:
$1.71B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HTGC vs. UTG — Risk / Return Rank
HTGC
UTG
HTGC vs. UTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hercules Capital, Inc. (HTGC) and Reaves Utility Income Trust (UTG). 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 | UTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.24 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.04 | -2.23 |
| Martin ratioReturn relative to average drawdown | -0.42 | 4.45 | -4.87 |
Loading charts...
Drawdowns
HTGC vs. UTG - Drawdown Comparison
The maximum HTGC drawdown since its inception was -68.21%, roughly equal to the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for HTGC and UTG.
Loading charts...
Drawdown Indicators
| HTGC | UTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.21% | -67.77% | -0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -24.74% | -11.59% | -13.15% |
Max Drawdown (3Y)Largest decline over 3 years | -27.97% | -15.03% | -12.94% |
Max Drawdown (5Y)Largest decline over 5 years | -36.11% | -26.54% | -9.57% |
Max Drawdown (10Y)Largest decline over 10 years | -57.54% | -47.91% | -9.63% |
Current DrawdownCurrent decline from peak | -17.54% | -6.18% | -11.36% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -8.74% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.98% | 5.31% | +5.67% |
Volatility
HTGC vs. UTG - Volatility Comparison
The current volatility for Hercules Capital, Inc. (HTGC) is 5.93%, while Reaves Utility Income Trust (UTG) has a volatility of 6.31%. This indicates that HTGC experiences smaller price fluctuations and is considered to be less risky than UTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HTGC | UTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 6.31% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 13.12% | +6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 16.96% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.74% | 16.87% | +8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 21.61% | +6.23% |
Dividends
HTGC vs. UTG - Dividend Comparison
HTGC's dividend yield for the trailing twelve months is around 11.68%, more than UTG's 5.86% 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% |
UTG Reaves Utility Income Trust | 5.86% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
Financials
HTGC vs. UTG - Financials Comparison
This section allows you to compare key financial metrics between Hercules Capital, Inc. and Reaves Utility Income Trust. 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 UTG 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.
UTG has higher volatility (6.31%) compared to HTGC (5.93%). In terms of maximum drawdown, HTGC dropped -68.21% vs UTG's -67.77%.
UTG currently has the higher Sharpe Ratio (1.40 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.
Find the right allocation for HTGC and UTG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer