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 7.83%/yr vs 13.55%/yr for HTGC. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
MAEFX vs. HTGC - Performance Comparison
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Returns By Period
In the year-to-date period, MAEFX achieves a 5.39% return, which is significantly higher than HTGC's -5.31% return. Over the past 10 years, MAEFX has underperformed HTGC with an annualized return of 7.83%, while HTGC has yielded a comparatively higher 13.55% annualized return.
MAEFX
- 1D
- 4.52%
- 1M
- -4.12%
- 6M
- 0.21%
- YTD
- 5.39%
- 1Y
- 10.76%
- 3Y*
- 10.64%
- 5Y*
- 4.97%
- 10Y*
- 7.83%
- ALL TIME*
- 7.50%
HTGC
- 1D
- 3.01%
- 1M
- 5.45%
- 6M
- -3.83%
- YTD
- -5.31%
- 1Y
- -2.08%
- 3Y*
- 10.85%
- 5Y*
- 11.05%
- 10Y*
- 13.55%
- ALL TIME*
- 11.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.38M | $23.62M | $24.96M | |
| $0.00 | $0.00 | $0.00 |
MAEFX vs. HTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAEFX BlackRock EuroFund Fund | 5.39% | 20.07% | 7.21% | 20.70% | -23.85% | 19.53% | 19.34% | 25.17% | -19.83% | 22.42% |
HTGC Hercules Capital, Inc. | -5.31% | 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 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.28 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
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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 | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.02 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | -0.00 | +0.45 |
| Martin ratioReturn relative to average drawdown | 1.43 | -0.00 | +1.43 |
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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.
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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 | -6.39% | -10.47% | +4.08% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -10.89% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 11.73% | -6.40% |
Volatility
MAEFX vs. HTGC - Volatility Comparison
BlackRock EuroFund Fund (MAEFX) has a higher volatility of 7.92% compared to Hercules Capital, Inc. (HTGC) at 6.80%. 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.
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Volatility by Period
| MAEFX | HTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | 6.80% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 20.91% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.83% | 24.11% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.84% | 25.93% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 27.91% | -6.53% |
Dividends
MAEFX vs. HTGC - Dividend Comparison
MAEFX's dividend yield for the trailing twelve months is around 12.03%, less than HTGC's 13.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTGC Hercules Capital, Inc. | 13.40% | 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 | 12.03% | 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 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAEFX has higher volatility (7.92%) compared to HTGC (6.80%). In terms of maximum drawdown, MAEFX dropped -62.58% vs HTGC's -68.21%.
MAEFX currently has the higher Sharpe Ratio (0.33 vs -0.00), 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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