MLVHX vs. HTGC
MLVHX (MFS Low Volatility Equity Fund) is Low Volatility fund managed by MFS, while HTGC (Hercules Capital, Inc.) is a stock. Over the past 10 years, MLVHX returned 10.57%/yr vs 13.55%/yr for HTGC. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
MLVHX vs. HTGC - Performance Comparison
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Returns By Period
In the year-to-date period, MLVHX achieves a 6.72% return, which is significantly higher than HTGC's -5.31% return. Over the past 10 years, MLVHX has underperformed HTGC with an annualized return of 10.57%, while HTGC has yielded a comparatively higher 13.55% annualized return.
MLVHX
- 1D
- -0.74%
- 1M
- 1.07%
- 6M
- 4.42%
- YTD
- 6.72%
- 1Y
- 12.87%
- 3Y*
- 11.61%
- 5Y*
- 7.30%
- 10Y*
- 10.57%
- ALL TIME*
- 10.63%
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 |
MLVHX vs. HTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLVHX MFS Low Volatility Equity Fund | 6.72% | 9.96% | 13.91% | 12.40% | -10.84% | 25.42% | 11.63% | 27.17% | -1.22% | 16.17% |
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 MLVHX and HTGC is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2013 | 0.40 |
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Return for Risk
MLVHX vs. HTGC — Risk / Return Rank
MLVHX
HTGC
MLVHX vs. HTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Low Volatility Equity Fund (MLVHX) 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.
| MLVHX | HTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.02 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | -0.00 | +1.39 |
| Martin ratioReturn relative to average drawdown | 4.33 | -0.00 | +4.34 |
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Drawdowns
MLVHX vs. HTGC - Drawdown Comparison
The maximum MLVHX drawdown since its inception was -34.14%, smaller than the maximum HTGC drawdown of -68.21%. Use the drawdown chart below to compare losses from any high point for MLVHX and HTGC.
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Drawdown Indicators
| MLVHX | HTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.14% | -68.21% | +34.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -24.74% | +16.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.92% | -27.97% | +7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -36.11% | +15.19% |
Max Drawdown (10Y)Largest decline over 10 years | -34.14% | -57.54% | +23.40% |
Current DrawdownCurrent decline from peak | -1.21% | -10.47% | +9.26% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -10.89% | +7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 11.73% | -9.07% |
Volatility
MLVHX vs. HTGC - Volatility Comparison
The current volatility for MFS Low Volatility Equity Fund (MLVHX) is 3.22%, while Hercules Capital, Inc. (HTGC) has a volatility of 6.80%. This indicates that MLVHX experiences smaller price fluctuations and is considered to be less risky 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
| MLVHX | HTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 6.80% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 20.91% | -13.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 24.11% | -14.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 25.93% | -10.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 27.91% | -11.69% |
Dividends
MLVHX vs. HTGC - Dividend Comparison
MLVHX's dividend yield for the trailing twelve months is around 14.37%, more 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% |
MLVHX MFS Low Volatility Equity Fund | 14.37% | 15.40% | 13.51% | 6.47% | 13.00% | 5.33% | 1.25% | 1.17% | 4.99% | 2.23% | 1.19% | 1.90% |
Frequently Asked Questions
MLVHX and HTGC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTGC has higher volatility (6.80%) compared to MLVHX (3.22%). In terms of maximum drawdown, MLVHX dropped -34.14% vs HTGC's -68.21%.
MLVHX currently has the higher Sharpe Ratio (1.19 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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