HOV vs. FTAI

Last updated Jun 4, 2026

HOV (Hovnanian Enterprises, Inc.) and FTAI (Fortress Transportation and Infrastructure Investors LLC) are both stocks. HOV operates in Residential Construction (Consumer Cyclical), while FTAI operates in Rental & Leasing Services (Industrials). Over the past 10 years, HOV returned 10.27%/yr vs 45.29%/yr for FTAI. At a 0.26 correlation, their price movements are largely independent.

Performance

HOV vs. FTAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hovnanian Enterprises, Inc. (HOV) and Fortress Transportation and Infrastructure Investors LLC (FTAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOV achieves a 13.08% return, which is significantly lower than FTAI's 25.91% return. Over the past 10 years, HOV has underperformed FTAI with an annualized return of 10.27%, while FTAI has yielded a comparatively higher 45.29% 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%

FTAI

• 1D: 0.47%
• 1M: 3.09%
• YTD: 25.91%
• 6M: 44.95%
• 1Y: 101.80%
• 3Y*: 106.46%
• 5Y*: 58.52%
• 10Y*: 45.29%

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

HOV vs. FTAI - 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%
FTAI Fortress Transportation and Infrastructure Investors LLC	25.91%	38.01%	214.72%	181.65%	-36.67%	29.27%	33.15%	48.05%	-22.18%	62.27%

Correlation

The correlation between HOV and FTAI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 18, 2015	0.26

Fundamentals

Market Cap HOV : $711.77M FTAI : $25.75B
EPS HOV : $5.61 FTAI : $5.13
PE Ratio HOV : 19.65 FTAI : 48.12
PS Ratio HOV : 0.24 FTAI : 9.04
PB Ratio HOV : 1.03 FTAI : 59.66
Total Revenue (TTM) HOV : $2.92B FTAI : $2.84B
Gross Profit (TTM) HOV : $2.17B FTAI : $922.62M
EBITDA (TTM) HOV : $74.06M FTAI : $992.07M

Return for Risk

HOV vs. FTAI — Risk / Return Rank

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

HOV

HOV Risk / Return Rank: 52
HOV Sharpe Ratio Rank: 52
HOV Sortino Ratio Rank: 52
HOV Omega Ratio Rank: 52
HOV Calmar Ratio Rank: 52
HOV Martin Ratio Rank: 51

FTAI

FTAI Risk / Return Rank: 82
FTAI Sharpe Ratio Rank: 83
FTAI Sortino Ratio Rank: 83
FTAI Omega Ratio Rank: 80
FTAI Calmar Ratio Rank: 83
FTAI Martin Ratio Rank: 83

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. FTAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hovnanian Enterprises, Inc. (HOV) and Fortress Transportation and Infrastructure Investors LLC (FTAI). 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	FTAI	Difference
Sharpe ratio Return per unit of total volatility	0.31	1.62	-1.31
Sortino ratio Return per unit of downside risk	0.93	2.56	-1.63
Omega ratio Gain probability vs. loss probability	1.12	1.31	-0.19
Calmar ratio Return relative to maximum drawdown	0.52	3.29	-2.77
Martin ratio Return relative to average drawdown	0.91	8.19	-7.28
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. FTAI - Sharpe Ratio Comparison

The current HOV Sharpe Ratio is 0.31, which is lower than the FTAI Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of HOV and FTAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HOV	FTAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	1.62	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	1.05	-1.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.89	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.72	-0.73

Drawdowns

HOV vs. FTAI - Drawdown Comparison

The maximum HOV drawdown since its inception was -99.70%, which is greater than FTAI's maximum drawdown of -72.79%. Use the drawdown chart below to compare losses from any high point for HOV and FTAI.

Drawdown Indicators

	HOV	FTAI	Difference
Max Drawdown Largest peak-to-trough decline	-99.70%	-72.79%	-26.91%
Max Drawdown (1Y) Largest decline over 1 year	-39.73%	-31.15%	-8.58%
Max Drawdown (3Y) Largest decline over 3 years	-63.12%	-52.11%	-11.01%
Max Drawdown (5Y) Largest decline over 5 years	-74.55%	-54.08%	-20.47%
Max Drawdown (10Y) Largest decline over 10 years	-93.52%	-72.79%	-20.73%
Current Drawdown Current decline from peak	-93.97%	-20.06%	-73.91%
Average Drawdown Average peak-to-trough decline	-70.25%	-17.36%	-52.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.51%	12.47%	+10.04%

Volatility

HOV vs. FTAI - Volatility Comparison

Hovnanian Enterprises, Inc. (HOV) and Fortress Transportation and Infrastructure Investors LLC (FTAI) have volatilities of 23.69% and 23.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOV	FTAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.69%	23.43%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	48.72%	46.47%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	65.74%	63.12%	+2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.59%	56.23%	+9.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.71%	51.04%	+24.67%

Dividends

HOV vs. FTAI - Dividend Comparison

HOV has not paid dividends to shareholders, while FTAI's dividend yield for the trailing twelve months is around 0.61%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTAI Fortress Transportation and Infrastructure Investors LLC	0.61%	0.64%	0.83%	2.59%	7.54%	4.56%	5.63%	6.76%	9.21%	6.62%	9.92%	4.26%
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. FTAI - Profitability Comparison

The chart below illustrates the profitability comparison between Hovnanian Enterprises, Inc. and Fortress Transportation and Infrastructure Investors LLC 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 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%.

FTAI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortress Transportation and Infrastructure Investors LLC reported a gross profit of 306.43M and revenue of 830.70M. Therefore, the gross margin over that period was 36.9%.

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%.

FTAI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortress Transportation and Infrastructure Investors LLC reported an operating income of 241.44M and revenue of 830.70M, resulting in an operating margin of 29.1%.

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%.

FTAI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortress Transportation and Infrastructure Investors LLC reported a net income of 134.19M and revenue of 830.70M, resulting in a net margin of 16.2%.

Frequently Asked Questions

Can I hold both HOV and FTAI in my portfolio?

HOV and FTAI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOV or FTAI?

HOV has higher volatility (23.69%) compared to FTAI (23.43%). In terms of maximum drawdown, HOV dropped -99.70% vs FTAI's -72.79%.

Which has better risk-adjusted returns?

FTAI currently has the higher Sharpe Ratio (1.62 vs 0.31), 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.