UTG vs. HTGC
UTG (Reaves Utility Income Trust) and HTGC (Hercules Capital, Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, UTG returned 10.23%/yr vs 13.89%/yr for HTGC. At a 0.29 correlation, their price movements are largely independent.
Performance
UTG vs. HTGC - Performance Comparison
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Returns By Period
In the year-to-date period, UTG achieves a 13.63% return, which is significantly higher than HTGC's -12.79% return. Over the past 10 years, UTG has underperformed HTGC with an annualized return of 10.23%, while HTGC has yielded a comparatively higher 13.89% annualized return.
UTG
- 1D
- 1.59%
- 1M
- -3.02%
- YTD
- 13.63%
- 6M
- 13.46%
- 1Y
- 23.88%
- 3Y*
- 22.50%
- 5Y*
- 10.71%
- 10Y*
- 10.23%
HTGC
- 1D
- -0.06%
- 1M
- -0.19%
- YTD
- -12.79%
- 6M
- -12.84%
- 1Y
- -3.94%
- 3Y*
- 12.33%
- 5Y*
- 9.00%
- 10Y*
- 13.89%
UTG vs. HTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTG Reaves Utility Income Trust | 13.63% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
HTGC Hercules Capital, Inc. | -12.79% | 3.54% | 33.33% | 42.91% | -10.42% | 26.50% | 14.49% | 39.86% | -6.86% | 1.86% |
Correlation
The correlation between UTG and HTGC is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2005 | 0.29 |
Over the past year, the correlation between UTG and HTGC has dropped to 0.08 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
UTG:
$3.66B
HTGC:
$3.05B
UTG:
$18.20
HTGC:
$1.49
UTG:
2.24
HTGC:
10.40
UTG:
0.01
HTGC:
0.32
UTG:
6.97
HTGC:
5.21
UTG:
1.04
HTGC:
1.37
UTG:
$525.39M
HTGC:
$578.18M
UTG:
$228.88M
HTGC:
$510.74M
UTG:
$1.71B
HTGC:
$380.44M
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Return for Risk
UTG vs. HTGC — Risk / Return Rank
UTG
HTGC
UTG vs. HTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reaves Utility Income Trust (UTG) 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.
| UTG | HTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.99 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.19 | +2.23 |
| Martin ratioReturn relative to average drawdown | 4.45 | -0.42 | +4.87 |
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Drawdowns
UTG vs. HTGC - Drawdown Comparison
The maximum UTG drawdown since its inception was -67.77%, roughly equal to the maximum HTGC drawdown of -68.21%. Use the drawdown chart below to compare losses from any high point for UTG and HTGC.
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Drawdown Indicators
| UTG | HTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.77% | -68.21% | +0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -24.74% | +13.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -27.97% | +12.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -36.11% | +9.57% |
Max Drawdown (10Y)Largest decline over 10 years | -47.91% | -57.54% | +9.63% |
Current DrawdownCurrent decline from peak | -6.18% | -17.54% | +11.36% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -10.87% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 10.98% | -5.67% |
Volatility
UTG vs. HTGC - Volatility Comparison
Reaves Utility Income Trust (UTG) has a higher volatility of 6.31% compared to Hercules Capital, Inc. (HTGC) at 5.93%. This indicates that UTG'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
| UTG | HTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 5.93% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 13.12% | 20.04% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.96% | 23.30% | -6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 25.74% | -8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 27.84% | -6.23% |
Dividends
UTG vs. HTGC - Dividend Comparison
UTG's dividend yield for the trailing twelve months is around 5.86%, less than HTGC's 11.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTGC Hercules Capital, Inc. | 11.68% | 9.99% | 9.56% | 11.40% | 13.77% | 9.76% | 9.02% | 9.49% | 11.40% | 9.45% | 8.79% | 10.17% |
UTG Reaves Utility Income Trust | 5.86% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
Financials
UTG vs. HTGC - Financials Comparison
This section allows you to compare key financial metrics between Reaves Utility Income Trust and Hercules Capital, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
UTG and HTGC have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTG has higher volatility (6.31%) compared to HTGC (5.93%). In terms of maximum drawdown, UTG dropped -67.77% vs HTGC's -68.21%.
UTG currently has the higher Sharpe Ratio (1.40 vs -0.20), 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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