MAT vs. HTGC

Last updated Jun 4, 2026

MAT (Mattel, Inc.) and HTGC (Hercules Capital, Inc.) are both stocks. MAT operates in Leisure (Consumer Cyclical), while HTGC operates in Mortgage Finance (Financial Services). Over the past 10 years, MAT returned -7.01%/yr vs 13.30%/yr for HTGC. At a 0.32 correlation, their price movements are largely independent.

Performance

MAT vs. HTGC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mattel, Inc. (MAT) and Hercules Capital, Inc. (HTGC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAT achieves a -27.72% return, which is significantly lower than HTGC's -14.37% return. Over the past 10 years, MAT has underperformed HTGC with an annualized return of -7.01%, while HTGC has yielded a comparatively higher 13.30% annualized return.

MAT

• 1D: -0.21%
• 1M: -3.43%
• YTD: -27.72%
• 6M: -32.45%
• 1Y: -23.48%
• 3Y*: -7.43%
• 5Y*: -7.06%
• 10Y*: -7.01%

HTGC

• 1D: -1.93%
• 1M: -5.03%
• YTD: -14.37%
• 6M: -14.09%
• 1Y: -4.30%
• 3Y*: 12.45%
• 5Y*: 9.03%
• 10Y*: 13.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MAT vs. HTGC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAT Mattel, Inc.	-27.72%	11.90%	-6.09%	5.83%	-17.25%	23.55%	28.78%	35.64%	-35.05%	-41.86%
HTGC Hercules Capital, Inc.	-14.37%	3.54%	33.33%	42.91%	-10.42%	26.50%	14.49%	39.86%	-6.86%	1.86%

Correlation

The correlation between MAT and HTGC is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jun 10, 2005	0.32

The correlation between MAT and HTGC shifts across timeframes, from 0.16 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MAT : $4.27B HTGC : $3.00B
EPS MAT : $1.60 HTGC : $1.49
PE Ratio MAT : 8.99 HTGC : 10.21
PEG Ratio MAT : 0.97 HTGC : 0.31
PS Ratio MAT : 0.83 HTGC : 5.11
PB Ratio MAT : 1.69 HTGC : 1.35
Total Revenue (TTM) MAT : $5.38B HTGC : $578.18M
Gross Profit (TTM) MAT : $2.59B HTGC : $510.74M
EBITDA (TTM) MAT : $775.15M HTGC : $380.44M

Return for Risk

MAT vs. HTGC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAT

MAT Risk / Return Rank: 16
MAT Sharpe Ratio Rank: 16
MAT Sortino Ratio Rank: 19
MAT Omega Ratio Rank: 16
MAT Calmar Ratio Rank: 17
MAT Martin Ratio Rank: 13

HTGC

HTGC Risk / Return Rank: 31
HTGC Sharpe Ratio Rank: 33
HTGC Sortino Ratio Rank: 28
HTGC Omega Ratio Rank: 27
HTGC Calmar Ratio Rank: 34
HTGC Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAT vs. HTGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mattel, Inc. (MAT) 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.

	MAT	HTGC	Difference
Sharpe ratio Return per unit of total volatility	-0.57	-0.19	-0.39
Sortino ratio Return per unit of downside risk	-0.50	-0.10	-0.40
Omega ratio Gain probability vs. loss probability	0.91	0.99	-0.07
Calmar ratio Return relative to maximum drawdown	-0.65	-0.17	-0.48
Martin ratio Return relative to average drawdown	-1.24	-0.40	-0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAT vs. HTGC - Sharpe Ratio Comparison

The current MAT Sharpe Ratio is -0.57, which is lower than the HTGC Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of MAT and HTGC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAT	HTGC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	-0.19	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.35	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.17	0.48	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.35	-0.22

Drawdowns

MAT vs. HTGC - Drawdown Comparison

The maximum MAT drawdown since its inception was -83.68%, which is greater than HTGC's maximum drawdown of -68.21%. Use the drawdown chart below to compare losses from any high point for MAT and HTGC.

Drawdown Indicators

	MAT	HTGC	Difference
Max Drawdown Largest peak-to-trough decline	-83.68%	-68.21%	-15.47%
Max Drawdown (1Y) Largest decline over 1 year	-36.10%	-24.74%	-11.36%
Max Drawdown (3Y) Largest decline over 3 years	-36.56%	-27.97%	-8.59%
Max Drawdown (5Y) Largest decline over 5 years	-47.50%	-36.11%	-11.39%
Max Drawdown (10Y) Largest decline over 10 years	-77.44%	-57.54%	-19.90%
Current Drawdown Current decline from peak	-63.60%	-19.03%	-44.57%
Average Drawdown Average peak-to-trough decline	-41.35%	-10.86%	-30.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.98%	10.72%	+8.26%

Volatility

MAT vs. HTGC - Volatility Comparison

Mattel, Inc. (MAT) has a higher volatility of 7.07% compared to Hercules Capital, Inc. (HTGC) at 5.23%. This indicates that MAT'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.

Volatility by Period

	MAT	HTGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	5.23%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	34.68%	20.00%	+14.68%
Volatility (1Y) Calculated over the trailing 1-year period	41.00%	23.14%	+17.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.10%	25.72%	+11.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.85%	27.84%	+14.01%

Dividends

MAT vs. HTGC - Dividend Comparison

MAT has not paid dividends to shareholders, while HTGC's dividend yield for the trailing twelve months is around 11.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HTGC Hercules Capital, Inc.	11.89%	9.99%	9.56%	11.40%	13.77%	9.76%	9.02%	9.49%	11.40%	9.45%	8.79%	10.17%
MAT Mattel, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.92%	5.52%	5.59%

Financials

MAT vs. HTGC - Profitability Comparison

The chart below illustrates the profitability comparison between Mattel, Inc. and Hercules Capital, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mattel, Inc. reported a gross profit of 386.80M and revenue of 862.20M. Therefore, the gross margin over that period was 44.9%.

HTGC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hercules Capital, Inc. reported a gross profit of 106.20M and revenue of 123.49M. Therefore, the gross margin over that period was 86.0%.

MAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mattel, Inc. reported an operating income of -9.80M and revenue of 862.20M, resulting in an operating margin of -1.1%.

HTGC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hercules Capital, Inc. reported an operating income of 65.43M and revenue of 123.49M, resulting in an operating margin of 53.0%.

MAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mattel, Inc. reported a net income of 61.00M and revenue of 862.20M, resulting in a net margin of 7.1%.

HTGC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hercules Capital, Inc. reported a net income of 0.00 and revenue of 123.49M, resulting in a net margin of 0.0%.

Frequently Asked Questions

Can I hold both MAT and HTGC in my portfolio?

MAT and HTGC have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAT or HTGC?

MAT has higher volatility (7.07%) compared to HTGC (5.23%). In terms of maximum drawdown, MAT dropped -83.68% vs HTGC's -68.21%.

Which has better risk-adjusted returns?

HTGC currently has the higher Sharpe Ratio (-0.19 vs -0.57), 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.