ACHR vs. HOVR
ACHR (Archer Aviation Inc.) and HOVR (New Horizon Aircraft Ltd) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past year, ACHR returned -51.87% vs 21.99% for HOVR. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
ACHR vs. HOVR - Performance Comparison
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Returns By Period
In the year-to-date period, ACHR achieves a -38.30% return, which is significantly lower than HOVR's 17.01% return.
ACHR
- 1D
- -2.11%
- 1M
- -6.83%
- 6M
- -35.47%
- YTD
- -38.30%
- 1Y
- -51.87%
- 3Y*
- -10.86%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -14.42%
HOVR
- 1D
- -1.15%
- 1M
- -11.34%
- 6M
- -7.53%
- YTD
- 17.01%
- 1Y
- 21.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $198.26M | $159.84M | $250.52M | |
| $2.48M | $2.30M | $5.51M |
ACHR vs. HOVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ACHR Archer Aviation Inc. | -38.30% | -22.87% | 88.59% |
HOVR New Horizon Aircraft Ltd | 17.01% | 30.09% | -70.26% |
Correlation
The correlation between ACHR and HOVR is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2024 | 0.32 |
Over the past year, ACHR and HOVR have become more correlated (0.62) than their long-term average of 0.32, meaning their price movements have been converging.
Fundamentals
ACHR:
$3.52B
HOVR:
$77.79M
ACHR:
-$1.25
HOVR:
-$0.79
ACHR:
1.71
HOVR:
1.14
ACHR:
$1.90M
HOVR:
$0.00
ACHR:
$300.00K
HOVR:
$0.00
ACHR:
-$712.00M
HOVR:
-$23.47M
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Return for Risk
ACHR vs. HOVR — Risk / Return Rank
ACHR
HOVR
ACHR vs. HOVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Archer Aviation Inc. (ACHR) and New Horizon Aircraft Ltd (HOVR). 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.
| ACHR | HOVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.13 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 0.20 | -1.00 |
| Martin ratioReturn relative to average drawdown | -1.19 | 0.31 | -1.50 |
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Drawdowns
ACHR vs. HOVR - Drawdown Comparison
The maximum ACHR drawdown since its inception was -83.54%, smaller than the maximum HOVR drawdown of -93.16%. Use the drawdown chart below to compare losses from any high point for ACHR and HOVR.
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Drawdown Indicators
| ACHR | HOVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.54% | -93.16% | +9.62% |
Max Drawdown (1Y)Largest decline over 1 year | -67.45% | -69.31% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -67.45% | — | — |
Current DrawdownCurrent decline from peak | -65.98% | -56.01% | -9.97% |
Average DrawdownAverage peak-to-trough decline | -50.01% | -62.90% | +12.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.29% | 44.99% | +0.30% |
Volatility
ACHR vs. HOVR - Volatility Comparison
The current volatility for Archer Aviation Inc. (ACHR) is 27.53%, while New Horizon Aircraft Ltd (HOVR) has a volatility of 31.60%. This indicates that ACHR experiences smaller price fluctuations and is considered to be less risky than HOVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACHR | HOVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.53% | 31.60% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 49.50% | 77.59% | -28.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.66% | 118.08% | -47.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.49% | 154.49% | -68.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.49% | 154.49% | -68.00% |
Dividends
ACHR vs. HOVR - Dividend Comparison
Neither ACHR nor HOVR has paid dividends to shareholders.
Financials
ACHR vs. HOVR - Financials Comparison
This section allows you to compare key financial metrics between Archer Aviation Inc. and New Horizon Aircraft Ltd. 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
ACHR and HOVR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOVR has higher volatility (31.60%) compared to ACHR (27.53%). In terms of maximum drawdown, ACHR dropped -83.54% vs HOVR's -93.16%.
HOVR currently has the higher Sharpe Ratio (0.12 vs -0.76), 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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