MAEFX vs. HTGC
MAEFX (BlackRock EuroFund Fund) is Europe Equities fund managed by BlackRock, while HTGC (Hercules Capital, Inc.) is a stock. Over the past 10 years, MAEFX returned 9.17%/yr vs 13.47%/yr for HTGC. At a 0.41 correlation, their price movements are largely independent.
Performance
MAEFX vs. HTGC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MAEFX achieves a 12.58% return, which is significantly higher than HTGC's -14.59% return. Over the past 10 years, MAEFX has underperformed HTGC with an annualized return of 9.17%, while HTGC has yielded a comparatively higher 13.47% annualized return.
MAEFX
- 1D
- 1.39%
- 1M
- 9.27%
- YTD
- 12.58%
- 6M
- 12.13%
- 1Y
- 16.96%
- 3Y*
- 15.05%
- 5Y*
- 7.05%
- 10Y*
- 9.17%
HTGC
- 1D
- -0.33%
- 1M
- -1.04%
- YTD
- -14.59%
- 6M
- -12.69%
- 1Y
- -4.98%
- 3Y*
- 13.90%
- 5Y*
- 8.77%
- 10Y*
- 13.47%
MAEFX vs. HTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAEFX BlackRock EuroFund Fund | 12.58% | 20.07% | 7.21% | 20.70% | -23.85% | 19.53% | 19.34% | 25.17% | -19.83% | 22.42% |
HTGC Hercules Capital, Inc. | -14.59% | 3.54% | 33.33% | 42.91% | -10.42% | 26.50% | 14.49% | 39.86% | -6.86% | 1.86% |
Correlation
The correlation between MAEFX and HTGC is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2005 | 0.41 |
The correlation between MAEFX and HTGC shifts across timeframes, from 0.33 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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
MAEFX vs. HTGC — Risk / Return Rank
MAEFX
HTGC
MAEFX vs. HTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock EuroFund Fund (MAEFX) and Hercules Capital, Inc. (HTGC). 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.
| MAEFX | HTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.98 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.20 | +1.26 |
| Martin ratioReturn relative to average drawdown | 3.40 | -0.45 | +3.85 |
Loading charts...
Drawdowns
MAEFX vs. HTGC - Drawdown Comparison
The maximum MAEFX drawdown since its inception was -62.58%, smaller than the maximum HTGC drawdown of -68.21%. Use the drawdown chart below to compare losses from any high point for MAEFX and HTGC.
Loading charts...
Drawdown Indicators
| MAEFX | HTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.58% | -68.21% | +5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -24.74% | +7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -20.00% | -27.97% | +7.97% |
Max Drawdown (5Y)Largest decline over 5 years | -40.47% | -36.11% | -4.36% |
Max Drawdown (10Y)Largest decline over 10 years | -40.51% | -57.54% | +17.03% |
Current DrawdownCurrent decline from peak | 0.00% | -19.25% | +19.25% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -10.88% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 11.20% | -5.87% |
Volatility
MAEFX vs. HTGC - Volatility Comparison
BlackRock EuroFund Fund (MAEFX) has a higher volatility of 7.99% compared to Hercules Capital, Inc. (HTGC) at 5.90%. This indicates that MAEFX's price experiences larger fluctuations and is considered to be riskier than HTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MAEFX | HTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 5.90% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 20.14% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.41% | 23.38% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.58% | 25.77% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 27.87% | -6.26% |
Dividends
MAEFX vs. HTGC - Dividend Comparison
MAEFX's dividend yield for the trailing twelve months is around 10.29%, less than HTGC's 11.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTGC Hercules Capital, Inc. | 11.92% | 9.99% | 9.56% | 11.40% | 13.77% | 9.76% | 9.02% | 9.49% | 11.40% | 9.45% | 8.79% | 10.17% |
MAEFX BlackRock EuroFund Fund | 10.29% | 11.58% | 1.29% | 1.24% | 0.76% | 0.00% | 0.00% | 0.45% | 2.81% | 1.19% | 2.32% | 1.64% |
Frequently Asked Questions
MAEFX and HTGC have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAEFX has higher volatility (7.99%) compared to HTGC (5.90%). In terms of maximum drawdown, MAEFX dropped -62.58% vs HTGC's -68.21%.
MAEFX currently has the higher Sharpe Ratio (0.85 vs -0.21), 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 MAEFX and HTGC
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