HOV vs. AJG
HOV (Hovnanian Enterprises, Inc.) and AJG (Arthur J. Gallagher & Co.) are both stocks. HOV operates in Residential Construction (Consumer Cyclical), while AJG operates in Insurance Brokers (Financial Services). Over the past 10 years, HOV returned 10.27%/yr vs 17.35%/yr for AJG. At a 0.25 correlation, their price movements are largely independent.
Performance
HOV vs. AJG - Performance Comparison
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Returns By Period
In the year-to-date period, HOV achieves a 13.08% return, which is significantly higher than AJG's -21.51% return. Over the past 10 years, HOV has underperformed AJG with an annualized return of 10.27%, while AJG has yielded a comparatively higher 17.35% annualized return.
HOV
- 1D
- -3.97%
- 1M
- 9.99%
- YTD
- 13.08%
- 6M
- -17.67%
- 1Y
- 20.51%
- 3Y*
- 7.75%
- 5Y*
- -0.03%
- 10Y*
- 10.27%
AJG
- 1D
- -1.59%
- 1M
- -2.19%
- YTD
- -21.51%
- 6M
- -17.00%
- 1Y
- -40.77%
- 3Y*
- 0.32%
- 5Y*
- 7.98%
- 10Y*
- 17.35%
HOV vs. AJG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HOV Hovnanian Enterprises, Inc. | 13.08% | -27.11% | -14.01% | 269.82% | -66.94% | 287.37% | 57.45% | 22.06% | -79.59% | 22.71% |
AJG Arthur J. Gallagher & Co. | -21.51% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
Correlation
The correlation between HOV and AJG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 1992 | 0.25 |
The correlation between HOV and AJG shifts across timeframes, from 0.14 (3 years) to 0.25 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HOV:
$5.61
AJG:
$5.74
HOV:
19.65
AJG:
35.30
HOV:
0.24
AJG:
3.78
HOV:
$2.92B
AJG:
$13.94B
HOV:
$2.17B
AJG:
$7.63B
HOV:
$74.06M
AJG:
$3.66B
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Return for Risk
HOV vs. AJG — Risk / Return Rank
HOV
AJG
HOV vs. AJG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hovnanian Enterprises, Inc. (HOV) and Arthur J. Gallagher & Co. (AJG). 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.
| HOV | AJG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.73 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | -0.97 | +1.48 |
| Martin ratioReturn relative to average drawdown | 0.91 | -1.63 | +2.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HOV | AJG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | -1.48 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.35 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.76 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.47 | -0.48 |
Drawdowns
HOV vs. AJG - Drawdown Comparison
The maximum HOV drawdown since its inception was -99.70%, which is greater than AJG's maximum drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for HOV and AJG.
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Drawdown Indicators
| HOV | AJG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.70% | -57.49% | -42.21% |
Max Drawdown (1Y)Largest decline over 1 year | -39.73% | -42.35% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -63.12% | -44.40% | -18.72% |
Max Drawdown (5Y)Largest decline over 5 years | -74.55% | -44.40% | -30.15% |
Max Drawdown (10Y)Largest decline over 10 years | -93.52% | -44.40% | -49.12% |
Current DrawdownCurrent decline from peak | -93.97% | -41.36% | -52.61% |
Average DrawdownAverage peak-to-trough decline | -70.25% | -12.82% | -57.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.51% | 26.73% | -4.22% |
Volatility
HOV vs. AJG - Volatility Comparison
Hovnanian Enterprises, Inc. (HOV) has a higher volatility of 23.69% compared to Arthur J. Gallagher & Co. (AJG) at 8.97%. This indicates that HOV's price experiences larger fluctuations and is considered to be riskier than AJG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOV | AJG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.69% | 8.97% | +14.72% |
Volatility (6M)Calculated over the trailing 6-month period | 48.72% | 21.79% | +26.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.74% | 27.57% | +38.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.59% | 22.84% | +42.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.71% | 23.02% | +52.69% |
Dividends
HOV vs. AJG - Dividend Comparison
HOV has not paid dividends to shareholders, while AJG's dividend yield for the trailing twelve months is around 1.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.31% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
HOV Hovnanian Enterprises, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HOV vs. AJG - Financials Comparison
This section allows you to compare key financial metrics between Hovnanian Enterprises, Inc. and Arthur J. Gallagher & Co.. 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
HOV vs. AJG - Profitability Comparison
HOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hovnanian Enterprises, Inc. reported a gross profit of 644.25M and revenue of 667.65M. Therefore, the gross margin over that period was 96.5%.
AJG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported a gross profit of 1.42B and revenue of 3.63B. Therefore, the gross margin over that period was 39.1%.
HOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hovnanian Enterprises, Inc. reported an operating income of 587.25M and revenue of 667.65M, resulting in an operating margin of 88.0%.
AJG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported an operating income of 341.00M and revenue of 3.63B, resulting in an operating margin of 9.4%.
HOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hovnanian Enterprises, Inc. reported a net income of -595.00K and revenue of 667.65M, resulting in a net margin of -0.1%.
AJG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported a net income of 151.00M and revenue of 3.63B, resulting in a net margin of 4.2%.
Frequently Asked Questions
HOV and AJG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOV has higher volatility (23.69%) compared to AJG (8.97%). In terms of maximum drawdown, HOV dropped -99.70% vs AJG's -57.49%.
HOV currently has the higher Sharpe Ratio (0.31 vs -1.48), 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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