HOVR vs. JOBY

Last updated Apr 1, 2026

Compare and contrast key facts about New Horizon Aircraft Ltd (HOVR) and Joby Aviation, Inc. (JOBY).

Performance

HOVR vs. JOBY - Performance Comparison

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

HOVR vs. JOBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HOVR New Horizon Aircraft Ltd	-4.08%	30.09%	-66.37%
JOBY Joby Aviation, Inc.	-37.42%	62.36%	42.88%

Fundamentals

Market Cap HOVR : $59.33M JOBY : $7.39B
EPS HOVR : -$0.84 JOBY : -$1.10
PB Ratio HOVR : 7.24 JOBY : 5.24
Total Revenue (TTM) HOVR : $0.00 JOBY : $53.43M
Gross Profit (TTM) HOVR : $0.00 JOBY : $3.28M
EBITDA (TTM) HOVR : -$23.50M JOBY : -$969.30M

Returns By Period

In the year-to-date period, HOVR achieves a -4.08% return, which is significantly higher than JOBY's -37.42% return.

HOVR

• 1D: 8.46%
• 1M: -27.32%
• YTD: -4.08%
• 6M: -44.49%
• 1Y: 171.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JOBY

• 1D: 4.03%
• 1M: -17.89%
• YTD: -37.42%
• 6M: -48.82%
• 1Y: 37.21%
• 3Y*: 23.93%
• 5Y*: —
• 10Y*: —

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

Return for Risk

HOVR vs. JOBY — Risk / Return Rank

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

HOVR

HOVR Risk / Return Rank: 81
HOVR Sharpe Ratio Rank: 82
HOVR Sortino Ratio Rank: 87
HOVR Omega Ratio Rank: 80
HOVR Calmar Ratio Rank: 83
HOVR Martin Ratio Rank: 76

JOBY

JOBY Risk / Return Rank: 59
JOBY Sharpe Ratio Rank: 58
JOBY Sortino Ratio Rank: 65
JOBY Omega Ratio Rank: 59
JOBY Calmar Ratio Rank: 56
JOBY Martin Ratio Rank: 55

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. 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.

	HOVR	JOBY	Difference
Sharpe ratio Return per unit of total volatility	1.36	0.45	+0.90
Sortino ratio Return per unit of downside risk	2.55	1.34	+1.21
Omega ratio Gain probability vs. loss probability	1.28	1.15	+0.13
Calmar ratio Return relative to maximum drawdown	2.55	0.58	+1.97
Martin ratio Return relative to average drawdown	4.68	1.24	+3.44
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. JOBY - Sharpe Ratio Comparison

The current HOVR Sharpe Ratio is 1.36, which is higher than the JOBY Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of HOVR and JOBY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HOVR	JOBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	0.45	+0.90
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	-0.12	-0.08

Correlation

The correlation between HOVR and JOBY is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HOVR vs. JOBY - Dividend Comparison

Neither HOVR nor JOBY has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

HOVR vs. JOBY - Drawdown Comparison

The maximum HOVR drawdown since its inception was -92.26%, 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.

Drawdown Indicators

	HOVR	JOBY	Difference
Max Drawdown Largest peak-to-trough decline	-92.26%	-76.27%	-15.99%
Max Drawdown (1Y) Largest decline over 1 year	-69.31%	-61.06%	-8.25%
Current Drawdown Current decline from peak	-63.94%	-59.49%	-4.45%
Average Drawdown Average peak-to-trough decline	-62.12%	-50.33%	-11.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.78%	28.44%	+9.34%

Volatility

HOVR vs. JOBY - Volatility Comparison

New Horizon Aircraft Ltd (HOVR) has a higher volatility of 21.58% compared to Joby Aviation, Inc. (JOBY) at 14.69%. 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.

Volatility by Period

	HOVR	JOBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.58%	14.69%	+6.89%
Volatility (6M) Calculated over the trailing 6-month period	83.45%	51.86%	+31.59%
Volatility (1Y) Calculated over the trailing 1-year period	126.84%	82.40%	+44.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	158.44%	79.88%	+78.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	158.44%	79.88%	+78.56%

Financials