HOV vs. AJG

Last updated Apr 2, 2026

Compare and contrast key facts about Hovnanian Enterprises, Inc. (HOV) and Arthur J. Gallagher & Co. (AJG).

Performance

HOV vs. AJG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hovnanian Enterprises, Inc. (HOV) and Arthur J. Gallagher & Co. (AJG). The values are adjusted to include any dividend payments, if applicable.

HOV vs. AJG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HOV Hovnanian Enterprises, Inc.	14.30%	-27.11%	-14.01%	269.82%	-66.94%	287.37%	57.45%	22.06%	-79.59%	22.71%
AJG Arthur J. Gallagher & Co.	-16.15%	-8.03%	27.34%	20.51%	12.44%	39.02%	32.12%	31.79%	19.19%	25.04%

Fundamentals

EPS HOV : $8.60 AJG : $6.15
PE Ratio HOV : 12.97 AJG : 35.19
PS Ratio HOV : 0.25 AJG : 4.32
Total Revenue (TTM) HOV : $2.94B AJG : $13.03B
Gross Profit (TTM) HOV : $1.65B AJG : $7.34B
EBITDA (TTM) HOV : $637.73M AJG : $3.62B

Returns By Period

In the year-to-date period, HOV achieves a 14.30% return, which is significantly higher than AJG's -16.15% return. Over the past 10 years, HOV has underperformed AJG with an annualized return of 11.36%, while AJG has yielded a comparatively higher 19.05% annualized return.

HOV

• 1D: 0.52%
• 1M: -7.76%
• YTD: 14.30%
• 6M: -15.11%
• 1Y: 6.58%
• 3Y*: 18.01%
• 5Y*: -0.92%
• 10Y*: 11.36%

AJG

• 1D: -0.11%
• 1M: -5.35%
• YTD: -16.15%
• 6M: -28.86%
• 1Y: -36.46%
• 3Y*: 5.16%
• 5Y*: 12.48%
• 10Y*: 19.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HOV vs. AJG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HOV

HOV Risk / Return Rank: 44
HOV Sharpe Ratio Rank: 44
HOV Sortino Ratio Rank: 45
HOV Omega Ratio Rank: 44
HOV Calmar Ratio Rank: 45
HOV Martin Ratio Rank: 44

AJG

AJG Risk / Return Rank: 4
AJG Sharpe Ratio Rank: 1
AJG Sortino Ratio Rank: 3
AJG Omega Ratio Rank: 4
AJG Calmar Ratio Rank: 7
AJG Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	0.10	-1.28	+1.38
Sortino ratio Return per unit of downside risk	0.63	-1.76	+2.38
Omega ratio Gain probability vs. loss probability	1.08	0.77	+0.31
Calmar ratio Return relative to maximum drawdown	0.17	-0.90	+1.07
Martin ratio Return relative to average drawdown	0.33	-1.66	+1.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOV vs. AJG - Sharpe Ratio Comparison

The current HOV Sharpe Ratio is 0.10, which is higher than the AJG Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of HOV and AJG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HOV	AJG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	-1.28	+1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.56	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.84	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.47	-0.49

Correlation

The correlation between HOV and AJG is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 1.22%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
AJG Arthur J. Gallagher & Co.	1.22%	1.00%	0.85%	0.98%	1.08%	1.13%	1.46%	1.81%	2.23%	2.47%	2.93%	3.62%

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.

Drawdown Indicators

	HOV	AJG	Difference
Max Drawdown Largest peak-to-trough decline	-99.70%	-57.49%	-42.21%
Max Drawdown (1Y) Largest decline over 1 year	-38.35%	-40.88%	+2.53%
Max Drawdown (5Y) Largest decline over 5 years	-76.69%	-40.88%	-35.81%
Max Drawdown (10Y) Largest decline over 10 years	-93.52%	-40.88%	-52.64%
Current Drawdown Current decline from peak	-93.91%	-37.36%	-56.55%
Average Drawdown Average peak-to-trough decline	-70.13%	-12.71%	-57.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.62%	22.11%	-2.49%

Volatility

HOV vs. AJG - Volatility Comparison

Hovnanian Enterprises, Inc. (HOV) has a higher volatility of 10.90% compared to Arthur J. Gallagher & Co. (AJG) at 9.13%. 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.

Volatility by Period

	HOV	AJG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.90%	9.13%	+1.77%
Volatility (6M) Calculated over the trailing 6-month period	43.59%	22.20%	+21.39%
Volatility (1Y) Calculated over the trailing 1-year period	66.72%	28.52%	+38.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.54%	22.55%	+42.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.34%	22.83%	+52.51%

Financials

HOV vs. AJG - Profitability Comparison

The chart below illustrates the profitability comparison between Hovnanian Enterprises, Inc. and Arthur J. Gallagher & Co. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HOV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Hovnanian Enterprises, Inc. reported a gross profit of 612.94M and revenue of 631.95M. Therefore, the gross margin over that period was 97.0%.

AJG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Arthur J. Gallagher & Co. reported a gross profit of 3.05B and revenue of 3.37B. Therefore, the gross margin over that period was 90.6%.

HOV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Hovnanian Enterprises, Inc. reported an operating income of 562.66M and revenue of 631.95M, resulting in an operating margin of 89.0%.

AJG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Arthur J. Gallagher & Co. reported an operating income of 536.60M and revenue of 3.37B, resulting in an operating margin of 15.9%.

HOV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Hovnanian Enterprises, Inc. reported a net income of 20.86M and revenue of 631.95M, resulting in a net margin of 3.3%.

AJG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Arthur J. Gallagher & Co. reported a net income of 272.70M and revenue of 3.37B, resulting in a net margin of 8.1%.