HOVR vs. JOBY
HOVR (New Horizon Aircraft Ltd) and JOBY (Joby Aviation, Inc.) are both stocks. Both are in the Industrials sector — HOVR in Aerospace & Defense, JOBY in Airports & Air Services. Over the past year, HOVR returned 21.99% vs -58.33% for JOBY. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
HOVR vs. JOBY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HOVR achieves a 17.01% return, which is significantly higher than JOBY's -45.83% return.
HOVR
- 1D
- -1.15%
- 1M
- -11.34%
- 6M
- -7.53%
- YTD
- 17.01%
- 1Y
- 21.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.83%
JOBY
- 1D
- -1.24%
- 1M
- -15.78%
- 6M
- -32.36%
- YTD
- -45.83%
- 1Y
- -58.33%
- 3Y*
- -6.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -7.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.48M | $2.30M | $5.51M | |
| $355.70M | $374.40M | $369.65M |
HOVR vs. JOBY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HOVR New Horizon Aircraft Ltd | 17.01% | 30.09% | -70.26% |
JOBY Joby Aviation, Inc. | -45.83% | 62.36% | 38.03% |
Correlation
The correlation between HOVR and JOBY is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2024 | 0.32 |
Over the past year, HOVR and JOBY have become more correlated (0.57) than their long-term average of 0.32, meaning their price movements have been converging.
Fundamentals
HOVR:
$77.79M
JOBY:
$7.03B
HOVR:
-$0.79
JOBY:
-$1.07
HOVR:
1.14
JOBY:
3.45
HOVR:
$0.00
JOBY:
$77.67M
HOVR:
$0.00
JOBY:
$8.72M
HOVR:
-$23.47M
JOBY:
-$1.05B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HOVR vs. JOBY — Risk / Return Rank
HOVR
JOBY
HOVR vs. JOBY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Horizon Aircraft Ltd (HOVR) and Joby Aviation, Inc. (JOBY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HOVR | JOBY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.88 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.85 | +1.05 |
| Martin ratioReturn relative to average drawdown | 0.31 | -1.34 | +1.65 |
Loading charts...
Drawdowns
HOVR vs. JOBY - Drawdown Comparison
The maximum HOVR drawdown since its inception was -93.16%, which is greater than JOBY's maximum drawdown of -76.27%. Use the drawdown chart below to compare losses from any high point for HOVR and JOBY.
Loading charts...
Drawdown Indicators
| HOVR | JOBY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.16% | -76.27% | -16.89% |
Max Drawdown (1Y)Largest decline over 1 year | -69.31% | -67.39% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.39% | — |
Current DrawdownCurrent decline from peak | -56.01% | -64.93% | +8.92% |
Average DrawdownAverage peak-to-trough decline | -62.90% | -50.61% | -12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.99% | 42.71% | +2.28% |
Volatility
HOVR vs. JOBY - Volatility Comparison
New Horizon Aircraft Ltd (HOVR) has a higher volatility of 31.60% compared to Joby Aviation, Inc. (JOBY) at 22.51%. This indicates that HOVR's price experiences larger fluctuations and is considered to be riskier than JOBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HOVR | JOBY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.60% | 22.51% | +9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 77.59% | 49.39% | +28.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.08% | 74.76% | +43.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.49% | 80.45% | +74.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 154.49% | 80.45% | +74.04% |
Dividends
HOVR vs. JOBY - Dividend Comparison
Neither HOVR nor JOBY has paid dividends to shareholders.
Financials
HOVR vs. JOBY - Financials Comparison
This section allows you to compare key financial metrics between New Horizon Aircraft Ltd and Joby Aviation, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
HOVR and JOBY have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOVR has higher volatility (31.60%) compared to JOBY (22.51%). In terms of maximum drawdown, HOVR dropped -93.16% vs JOBY's -76.27%.
HOVR currently has the higher Sharpe Ratio (0.12 vs -0.77), 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.
Find the right allocation for HOVR and JOBY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer