Hercules Capital, Inc.

10-Year Study

HTGC.US · Financial Services · US · Common Stock

Executive Summary: Hercules Capital, Inc. has compounded at 12.1% annually over the last 10 years, with a maximum drawdown of 45.5% and an annualized volatility of 36.4%.

1Y CAGR
-13.7%
3Y CAGR
+5.7%
5Y CAGR
+7.8%
10Y CAGR
+12.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
45.5%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.45
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.51
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
29.7%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · +42.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · -16.6%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-1.5-21.23.98.7-3.7-1.1——————-16.6%
20255.30.8-8.1-6.80.83.72.66.2-3.1-5.22.74.62.0%
20243.86.62.23.65.43.65.4-9.12.50.6-2.26.131.1%
20237.510.8-15.62.713.22.413.30.9-0.2-6.23.47.942.9%
20227.80.53.4-7.0-13.5-4.217.9-8.7-17.725.51.0-6.6-9.5%
20211.78.23.38.6-0.20.51.20.1-1.76.4-4.80.926.0%
20202.8-5.8-42.134.311.8-6.05.44.43.1-3.222.68.115.1%
201918.96.5-7.52.60.60.51.23.81.85.73.9-2.239.9%
2018-3.4-5.03.12.52.42.16.82.4-2.7-4.8-0.4-9.1-6.9%
20170.14.84.32.6-14.01.60.8-6.45.7-3.310.2-2.31.9%
2016—————1.26.85.4-0.71.12.03.320.4%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 36.4%. The dominant macroeconomic risk driver is VTI.US, accounting for 62.3% of variance. Idiosyncratic stock-specific factors contribute 17.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-05-0110000
2016-06-0110122.30876947313
2016-07-0110806.93155960091
2016-08-0111385.655522492561
2016-09-0111302.293015928584
2016-10-0111427.227376159635
2016-11-0111659.592158235604
2016-12-0112043.803605811307
2017-01-0112060.869945737788
2017-02-0112641.344302468055
2017-03-0113187.029581655872
2017-04-0113527.043584806583
2017-05-0111633.77384911605
2017-06-0111821.284789077541
2017-07-0111910.554874846839
2017-08-0111151.321547348152
2017-09-0111791.090495361455
2017-10-0111398.12707859268
2017-11-0112557.10659898477
2017-12-0112267.416418694205
2018-01-0111855.855067390163
2018-02-0111266.847540696655
2018-03-0111616.48870995974
2018-04-0111904.428496411692
2018-05-0112193.899877472431
2018-06-0112449.894976369682
2018-07-0113296.2103973394
2018-08-0113616.094871346051
2018-09-0113253.544547523194
2018-10-0112619.02678102573
2018-11-0112573.7353404516
2018-12-0111426.133380010502
2019-01-0113587.213373008926
2019-02-0114476.413443024681
2019-03-0113387.230876947313
2019-04-0113736.215648520916
2019-05-0113825.048135830562
2019-06-0113890.031507089094
2019-07-0114063.539296341676
2019-08-0114602.879397864519
2019-09-0114869.814458253106
2019-10-0115715.035883073691
2019-11-0116334.018904253455
2019-12-0115980.658148083317
2020-01-0116425.258183091195
2020-02-0115469.761946437948
2020-03-018953.702082968668
2020-04-0112024.330474356728
2020-05-0113444.556275161913
2020-06-0112636.093120952215
2020-07-0113323.997899527394
2020-08-0113913.0054262209
2020-09-0114347.103098197094
2020-10-0113888.28111325048
2020-11-0117020.610887449675
2020-12-0118398.6084368983
2021-01-0118717.617713985645
2021-02-0120261.465079642923
2021-03-0120928.146332924905
2021-04-0122729.739191318047
2021-05-0122673.50778925258
2021-06-0122780.281813408015
2021-07-0123060.563626816034
2021-08-0123085.28793978645
2021-09-0122689.04253457028
2021-10-0124137.055837563446
2021-11-0122971.07474181691
2021-12-0123180.684403990897
2022-01-0124983.152459303343
2022-02-0125108.9620164537
2022-03-0125966.65499737441
2022-04-0124141.65062138981
2022-05-0120892.70085769298
2022-06-0120017.28513915631
2022-07-0123608.218099072288
2022-08-0121550.41134255207
2022-09-0117736.7407666725
2022-10-0122254.944862594082
2022-11-0122468.274111675128
2022-12-0120976.938561176266
2023-01-0122547.698232102222
2023-02-0124991.24803080693
2023-03-0121082.39978995274
2023-04-0121654.778575179418
2023-05-0124513.828111325045
2023-06-0125090.1452826886
2023-07-0128429.89672676352
2023-08-0128697.706984071414
2023-09-0128645.41396814283
2023-10-0126865.91983196219
2023-11-0127784.65779800455
2023-12-0129978.55767547698
2024-01-0131129.660423595305
2024-02-0133185.49798704708
2024-03-0133902.28426395939
2024-04-0135133.46753019429
2024-05-0137016.672501312794
2024-06-0138348.065814808324
2024-07-0140429.50288814984
2024-08-0136738.79747943287
2024-09-0137639.37510939961
2024-10-0137869.55189917731
2024-11-0137026.73726588482
2024-12-0139295.68527918782
2025-01-0141369.02678102572
2025-02-0141684.9728688955
2025-03-0138295.99159810958
2025-04-0135684.403990897954
2025-05-0135953.30824435497
2025-06-0137278.79397864519
2025-07-0138257.701732889895
2025-08-0140644.36373183966
2025-09-0139374.2342026956
2025-10-0137312.70785926833
2025-11-0138338.438648695956
2025-12-0140085.112900402586
2026-01-0139467.442674601785
2026-02-0131091.370558375635
2026-03-0132316.646245405213
2026-04-0135117.276387187114
2026-05-0133804.481008226845
2026-06-0133432.52231752144
Annual Return Matrix
YearAnnual Return
20170.018566627304932304
2018-0.06857866481174313
20190.39860595151468736
20200.15130480024097026
20210.25991508996420465
2022-0.09506819576195191
20230.4291197730330749
20240.31079305764374454
20250.020089422429105053
2026-0.1659616276848339
Total Factor Risk
0.36380107683885166
VTI.US Exposure
0.6227816714694077
VEA.US Exposure
-0.05265124522617114
VWO.US Exposure
-0.006223237026600455
QQQ.US Exposure
-0.06747257395089254
VTV.US Exposure
-0.006551049089822176
IJR.US Exposure
-0.022280613594963816
QUAL.US Exposure
-0.09052703943535798
SHV.US Exposure
0.17445671070348218
TLT.US Exposure
0.08228161972466327
LQD.US Exposure
0.019404217174025507
HYG.US Exposure
0.10931555046463151
GLD.US Exposure
-0.002619893288568779
USO.US Exposure
0.0007680099516980815
VNQ.US Exposure
0.06498793621078104
BTC-USD.CC Exposure
0.0005529759682162875
CPER.US Exposure
-0.0046140285848221985
VIX.INDX Exposure
-0.045784711101079026
UUP.US Exposure
0.05432230146581781
TIP.US Exposure
0.00028533466209651194
Idiosyncratic Exposure
0.16956806350345807
Value Score
41.7
Growth Score
59.2
Profit Score
62.5
Health Score
59.5
Yield Score
100
Moat Score
87.1

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
36.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →8.6x
Forward P/EForward P/E RatioA valuation metric that compares the current stock price to estimated future earnings per share.Click for full definition →Potentially Undervalued8.1x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →10.38%
Squeeze RiskShort Squeeze RiskA situation where a sharp rise in the price of a stock forces short sellers to buy shares to cover their positions, further driving up the price.Click for full definition →Extreme
Market Cap$2.9B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
4.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
2.98
Grey Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$34,045
Avg Yield on Cost
30.95%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2016$2,034.8320.35%Solid
2017$2,713.1127.13%Solid
2018$2,756.8727.57%Solid
2019$2,910.0329.10%Solid
2020$3,019.4330.19%Solid
2021$3,391.3933.91%Solid
2022$4,310.3443.10%Solid
2023$4,157.1941.57%Solid
2024$3,500.7935.01%Solid
2025$3,500.7935.01%Solid

Momentum & MacroiPrice momentum indicators: distance from 50/200-Day SMA, 52-Week High proximity, Golden Cross trend signal, RSI momentum gauge, Fibonacci retracement levels, and Beta (market sensitivity).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-1.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-8.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
17.8% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.77
Market sensitivity coefficient
Trend SignalGolden Cross & Death CrossTechnical chart patterns that occur when a short-term moving average crosses over a long-term moving average.Click for full definition →
✦ Death Cross
Bearish — 50 SMA below 200 SMA
RSI (14-Day)Relative Strength Index (RSI)A momentum oscillator that measures the speed and change of price movements to identify overbought or oversold conditions.Click for full definition →
46
OversoldNeutralOverbought
Neutral
Fibonacci LevelsFibonacci RetracementTechnical levels based on mathematical ratios that indicate potential support and resistance areas.Click for full definition →
38.2% retracement-9.0%
50.0% retracement-5.9%
61.8% retracement-2.6%
% distance of current price from each 52-week Fibonacci support level.

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Frequently Asked Questions & Methodology

Is Hercules Capital, Inc. a high-risk investment?

Hercules Capital, Inc. (HTGC.US) has an annualized volatility of 36.4% and experienced a maximum drawdown of 45.5% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of HTGC.US?

Over the past 10 years, HTGC.US has generated a Compound Annual Growth Rate (CAGR) of 12.1%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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