HOV vs. UNM

Last updated Jun 4, 2026

HOV (Hovnanian Enterprises, Inc.) and UNM (Unum Group) are both stocks. HOV operates in Residential Construction (Consumer Cyclical), while UNM operates in Insurance - Life (Financial Services). Over the past 10 years, HOV returned 10.27%/yr vs 12.49%/yr for UNM. At a 0.28 correlation, their price movements are largely independent.

Performance

HOV vs. UNM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hovnanian Enterprises, Inc. (HOV) and Unum Group (UNM). 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 higher than UNM's 9.05% return. Over the past 10 years, HOV has underperformed UNM with an annualized return of 10.27%, while UNM has yielded a comparatively higher 12.49% 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%

UNM

• 1D: -0.78%
• 1M: 4.08%
• YTD: 9.05%
• 6M: 14.91%
• 1Y: 4.12%
• 3Y*: 26.28%
• 5Y*: 25.44%
• 10Y*: 12.49%

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

HOV vs. UNM - 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%
UNM Unum Group	9.05%	8.56%	66.31%	13.72%	73.56%	11.87%	-16.22%	2.63%	-45.22%	27.19%

Correlation

The correlation between HOV and UNM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Mar 18, 1992	0.28

Fundamentals

Market Cap HOV : $711.77M UNM : $13.73B
EPS HOV : $5.61 UNM : $4.61
PE Ratio HOV : 19.65 UNM : 18.10
PS Ratio HOV : 0.24 UNM : 1.06
PB Ratio HOV : 1.03 UNM : 1.26
Total Revenue (TTM) HOV : $2.92B UNM : $13.30B
Gross Profit (TTM) HOV : $2.17B UNM : $4.51B
EBITDA (TTM) HOV : $74.06M UNM : $1.24B

Return for Risk

HOV vs. UNM — 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

UNM

UNM Risk / Return Rank: 44
UNM Sharpe Ratio Rank: 47
UNM Sortino Ratio Rank: 39
UNM Omega Ratio Rank: 39
UNM Calmar Ratio Rank: 46
UNM Martin Ratio Rank: 47

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. UNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hovnanian Enterprises, Inc. (HOV) and Unum Group (UNM). 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	UNM	Difference
Sharpe ratio Return per unit of total volatility	0.31	0.17	+0.15
Sortino ratio Return per unit of downside risk	0.93	0.38	+0.54
Omega ratio Gain probability vs. loss probability	1.12	1.06	+0.06
Calmar ratio Return relative to maximum drawdown	0.52	0.26	+0.26
Martin ratio Return relative to average drawdown	0.91	0.56	+0.35
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. UNM - Sharpe Ratio Comparison

The current HOV Sharpe Ratio is 0.31, which is higher than the UNM Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of HOV and UNM, 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	UNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	0.17	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.85	-0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.33	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.23	-0.25

Drawdowns

HOV vs. UNM - Drawdown Comparison

The maximum HOV drawdown since its inception was -99.70%, which is greater than UNM's maximum drawdown of -89.38%. Use the drawdown chart below to compare losses from any high point for HOV and UNM.

Drawdown Indicators

	HOV	UNM	Difference
Max Drawdown Largest peak-to-trough decline	-99.70%	-89.38%	-10.32%
Max Drawdown (1Y) Largest decline over 1 year	-39.73%	-16.04%	-23.69%
Max Drawdown (3Y) Largest decline over 3 years	-63.12%	-17.94%	-45.18%
Max Drawdown (5Y) Largest decline over 5 years	-74.55%	-28.28%	-46.27%
Max Drawdown (10Y) Largest decline over 10 years	-93.52%	-81.06%	-12.46%
Current Drawdown Current decline from peak	-93.97%	-1.19%	-92.78%
Average Drawdown Average peak-to-trough decline	-70.25%	-32.69%	-37.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.51%	7.39%	+15.12%

Volatility

HOV vs. UNM - Volatility Comparison

Hovnanian Enterprises, Inc. (HOV) has a higher volatility of 23.69% compared to Unum Group (UNM) at 4.01%. This indicates that HOV's price experiences larger fluctuations and is considered to be riskier than UNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOV	UNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.69%	4.01%	+19.68%
Volatility (6M) Calculated over the trailing 6-month period	48.72%	14.76%	+33.96%
Volatility (1Y) Calculated over the trailing 1-year period	65.74%	24.67%	+41.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.59%	30.21%	+35.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.71%	37.62%	+38.09%

Dividends

HOV vs. UNM - Dividend Comparison

HOV has not paid dividends to shareholders, while UNM's dividend yield for the trailing twelve months is around 2.20%.

Position	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%
UNM Unum Group	2.20%	2.27%	2.15%	3.07%	3.07%	4.76%	4.97%	3.74%	3.34%	1.57%	1.75%	2.10%

Financials

HOV vs. UNM - Profitability Comparison

The chart below illustrates the profitability comparison between Hovnanian Enterprises, Inc. and Unum Group 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%.

UNM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Unum Group reported a gross profit of 1.35B and revenue of 3.36B. Therefore, the gross margin over that period was 40.3%.

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%.

UNM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Unum Group reported an operating income of 302.70M and revenue of 3.36B, resulting in an operating margin of 9.0%.

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%.

UNM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Unum Group reported a net income of 232.00M and revenue of 3.36B, resulting in a net margin of 6.9%.

Frequently Asked Questions

Can I hold both HOV and UNM in my portfolio?

HOV and UNM have a correlation of 0.28, 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 UNM?

HOV has higher volatility (23.69%) compared to UNM (4.01%). In terms of maximum drawdown, HOV dropped -99.70% vs UNM's -89.38%.

Which has better risk-adjusted returns?

HOV currently has the higher Sharpe Ratio (0.31 vs 0.17), 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.