HOVR vs. ACHR

Last updated Jun 4, 2026

HOVR (New Horizon Aircraft Ltd) and ACHR (Archer Aviation Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past year, HOVR returned 163.79% vs -32.82% for ACHR. At a 0.30 correlation, their price movements are largely independent.

Performance

HOVR vs. ACHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Horizon Aircraft Ltd (HOVR) and Archer Aviation Inc. (ACHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOVR achieves a 63.27% return, which is significantly higher than ACHR's -13.16% return.

HOVR

• 1D: -4.76%
• 1M: 1.69%
• YTD: 63.27%
• 6M: 41.18%
• 1Y: 163.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACHR

• 1D: -3.12%
• 1M: 13.17%
• YTD: -13.16%
• 6M: -21.80%
• 1Y: -32.82%
• 3Y*: 30.18%
• 5Y*: -8.02%
• 10Y*: —

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

HOVR vs. ACHR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HOVR New Horizon Aircraft Ltd	63.27%	30.09%	-66.37%
ACHR Archer Aviation Inc.	-13.16%	-22.87%	96.57%

Correlation

The correlation between HOVR and ACHR is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 17, 2024	0.30

Over the past year, HOVR and ACHR have become more correlated (0.53) than their long-term average of 0.30, meaning their price movements have been converging.

Fundamentals

Market Cap HOVR : $106.39M ACHR : $5.01B
EPS HOVR : -$0.80 ACHR : -$1.36
PB Ratio HOVR : 7.53 ACHR : 2.41
Total Revenue (TTM) HOVR : $0.00 ACHR : $1.90M
Gross Profit (TTM) HOVR : -$57.08K ACHR : $300.00K
EBITDA (TTM) HOVR : -$31.06M ACHR : -$712.00M

Return for Risk

HOVR vs. ACHR — Risk / Return Rank

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

HOVR

HOVR Risk / Return Rank: 76
HOVR Sharpe Ratio Rank: 77
HOVR Sortino Ratio Rank: 81
HOVR Omega Ratio Rank: 76
HOVR Calmar Ratio Rank: 77
HOVR Martin Ratio Rank: 70

ACHR

ACHR Risk / Return Rank: 23
ACHR Sharpe Ratio Rank: 20
ACHR Sortino Ratio Rank: 23
ACHR Omega Ratio Rank: 24
ACHR Calmar Ratio Rank: 22
ACHR Martin Ratio Rank: 25

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.

HOVR vs. ACHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Horizon Aircraft Ltd (HOVR) and Archer Aviation Inc. (ACHR). 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.

	HOVR	ACHR	Difference
Sharpe ratio: Return per unit of total volatility	1.28	-0.47	+1.75
Sortino ratio: Return per unit of downside risk	2.43	-0.31	+2.74
Omega ratio: Gain probability vs. loss probability	1.27	0.97	+0.31
Calmar ratio: Return relative to maximum drawdown	2.38	-0.52	+2.89
Martin ratio: Return relative to average drawdown	3.89	-0.82	+4.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOVR vs. ACHR - Sharpe Ratio Comparison

The current HOVR Sharpe Ratio is 1.28, which is higher than the ACHR Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of HOVR and ACHR, 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

	HOVR	ACHR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	-0.47	+1.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	-0.09	+0.01

Drawdowns

HOVR vs. ACHR - Drawdown Comparison

The maximum HOVR drawdown since its inception was -92.26%, roughly equal to the maximum ACHR drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for HOVR and ACHR.

Drawdown Indicators

	HOVR	ACHR	Difference
Max Drawdown Largest peak-to-trough decline	-92.26%	-90.49%	-1.77%
Max Drawdown (1Y) Largest decline over 1 year	-69.31%	-63.78%	-5.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-63.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-84.00%	—
Current Drawdown Current decline from peak	-38.62%	-61.90%	+23.28%
Average Drawdown Average peak-to-trough decline	-60.89%	-62.50%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.33%	39.90%	+2.43%

Volatility

HOVR vs. ACHR - Volatility Comparison

New Horizon Aircraft Ltd (HOVR) has a higher volatility of 49.18% compared to Archer Aviation Inc. (ACHR) at 15.61%. This indicates that HOVR's price experiences larger fluctuations and is considered to be riskier than ACHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOVR	ACHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	49.18%	15.61%	+33.57%
Volatility (6M) Calculated over the trailing 6-month period	81.37%	42.78%	+38.59%
Volatility (1Y) Calculated over the trailing 1-year period	129.06%	70.44%	+58.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	157.63%	83.99%	+73.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	157.63%	82.04%	+75.59%

Dividends

HOVR vs. ACHR - Dividend Comparison

Neither HOVR nor ACHR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HOVR and ACHR in my portfolio?

HOVR and ACHR have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOVR or ACHR?

HOVR has higher volatility (49.18%) compared to ACHR (15.61%). In terms of maximum drawdown, HOVR dropped -92.26% vs ACHR's -90.49%.

Which has better risk-adjusted returns?

HOVR currently has the higher Sharpe Ratio (1.28 vs -0.47), 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.