RIET vs. HTGC
RIET (Hoya Capital High Dividend Yield ETF) is REIT fund tracking the Hoya Capital High Dividend Yield Index, while HTGC (Hercules Capital, Inc.) is a stock. Over the past 3 years, RIET returned 9.52%/yr vs 13.90%/yr for HTGC. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
RIET vs. HTGC - Performance Comparison
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Returns By Period
In the year-to-date period, RIET achieves a 8.46% return, which is significantly higher than HTGC's -14.59% return.
RIET
- 1D
- 1.06%
- 1M
- 1.00%
- YTD
- 8.46%
- 6M
- 9.41%
- 1Y
- 12.07%
- 3Y*
- 9.52%
- 5Y*
- —
- 10Y*
- —
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%
RIET vs. HTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RIET Hoya Capital High Dividend Yield ETF | 8.46% | 2.43% | 1.18% | 13.04% | -25.29% | 5.14% |
HTGC Hercules Capital, Inc. | -14.59% | 3.54% | 33.33% | 42.91% | -10.42% | 3.01% |
Correlation
The correlation between RIET and HTGC is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.52 |
The correlation between RIET and HTGC has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
RIET vs. HTGC — Risk / Return Rank
RIET
HTGC
RIET vs. HTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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.
| RIET | HTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.98 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.20 | +1.59 |
| Martin ratioReturn relative to average drawdown | 3.60 | -0.45 | +4.04 |
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Drawdowns
RIET vs. HTGC - Drawdown Comparison
The maximum RIET drawdown since its inception was -34.61%, smaller than the maximum HTGC drawdown of -68.21%. Use the drawdown chart below to compare losses from any high point for RIET and HTGC.
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Drawdown Indicators
| RIET | HTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.61% | -68.21% | +33.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -24.74% | +15.98% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -27.97% | +9.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.54% | — |
Current DrawdownCurrent decline from peak | -6.51% | -19.25% | +12.74% |
Average DrawdownAverage peak-to-trough decline | -16.31% | -10.88% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 11.20% | -7.84% |
Volatility
RIET vs. HTGC - Volatility Comparison
The current volatility for Hoya Capital High Dividend Yield ETF (RIET) is 3.94%, while Hercules Capital, Inc. (HTGC) has a volatility of 5.90%. This indicates that RIET 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
| RIET | HTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 5.90% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 20.14% | -10.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 23.38% | -10.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 25.77% | -6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 27.87% | -8.92% |
Dividends
RIET vs. HTGC - Dividend Comparison
RIET's dividend yield for the trailing twelve months is around 10.74%, 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% |
RIET Hoya Capital High Dividend Yield ETF | 10.74% | 11.04% | 10.17% | 9.33% | 9.33% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RIET and HTGC have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTGC has higher volatility (5.90%) compared to RIET (3.94%). In terms of maximum drawdown, RIET dropped -34.61% vs HTGC's -68.21%.
RIET currently has the higher Sharpe Ratio (0.91 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.
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