HOVR vs. ARKF
HOVR (New Horizon Aircraft Ltd) is a stock, while ARKF (ARK Fintech Innovation ETF) is Blockchain fund actively managed by ARK. Over the past year, HOVR returned 144.66% vs 0.18% for ARKF. At a 0.27 correlation, their price movements are largely independent.
Performance
HOVR vs. ARKF - Performance Comparison
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Returns By Period
In the year-to-date period, HOVR achieves a 71.43% return, which is significantly higher than ARKF's -12.89% return.
HOVR
- 1D
- -0.40%
- 1M
- 4.13%
- YTD
- 71.43%
- 6M
- 65.79%
- 1Y
- 144.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARKF
- 1D
- -3.51%
- 1M
- -1.31%
- YTD
- -12.89%
- 6M
- -15.43%
- 1Y
- 0.18%
- 3Y*
- 27.72%
- 5Y*
- -3.19%
- 10Y*
- —
HOVR vs. ARKF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HOVR New Horizon Aircraft Ltd | 71.43% | 30.09% | -66.37% |
ARKF ARK Fintech Innovation ETF | -12.89% | 28.67% | 45.81% |
Correlation
The correlation between HOVR and ARKF is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2024 | 0.27 |
The correlation between HOVR and ARKF shifts across timeframes, from 0.27 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HOVR vs. ARKF — Risk / Return Rank
HOVR
ARKF
HOVR vs. ARKF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Horizon Aircraft Ltd (HOVR) and ARK Fintech Innovation ETF (ARKF). 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 | ARKF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 0.01 | +1.12 |
Sortino ratioReturn per unit of downside risk | 2.31 | 0.24 | +2.07 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.03 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 0.03 | +1.96 |
Martin ratioReturn relative to average drawdown | 3.26 | 0.05 | +3.21 |
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
| HOVR | ARKF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.01 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.26 | -0.34 |
Drawdowns
HOVR vs. ARKF - Drawdown Comparison
The maximum HOVR drawdown since its inception was -92.26%, which is greater than ARKF's maximum drawdown of -78.63%. Use the drawdown chart below to compare losses from any high point for HOVR and ARKF.
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Drawdown Indicators
| HOVR | ARKF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.26% | -78.63% | -13.63% |
Max Drawdown (1Y)Largest decline over 1 year | -69.31% | -38.50% | -30.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.30% | — |
Current DrawdownCurrent decline from peak | -35.55% | -34.71% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -60.93% | -34.96% | -25.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.27% | 20.12% | +22.15% |
Volatility
HOVR vs. ARKF - Volatility Comparison
New Horizon Aircraft Ltd (HOVR) has a higher volatility of 48.99% compared to ARK Fintech Innovation ETF (ARKF) at 7.89%. This indicates that HOVR's price experiences larger fluctuations and is considered to be riskier than ARKF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOVR | ARKF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 48.99% | 7.89% | +41.10% |
Volatility (6M)Calculated over the trailing 6-month period | 81.52% | 24.29% | +57.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 128.99% | 33.46% | +95.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 157.72% | 42.78% | +114.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 157.72% | 39.76% | +117.96% |
Dividends
HOVR vs. ARKF - Dividend Comparison
HOVR has not paid dividends to shareholders, while ARKF's dividend yield for the trailing twelve months is around 0.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ARKF ARK Fintech Innovation ETF | 0.10% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 1.25% |
HOVR New Horizon Aircraft Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HOVR and ARKF have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOVR has higher volatility (48.99%) compared to ARKF (7.89%). In terms of maximum drawdown, HOVR dropped -92.26% vs ARKF's -78.63%.
HOVR currently has the higher Sharpe Ratio (1.13 vs 0.01), 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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