HOVR vs. QTUM
Compare and contrast key facts about New Horizon Aircraft Ltd (HOVR) and Defiance Quantum ETF (QTUM).
QTUM is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Machine Learning and Quantum Computing Index. It was launched on Sep 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HOVR or QTUM.
Correlation
The correlation between HOVR and QTUM is 0.13, 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.
Performance
HOVR vs. QTUM - Performance Comparison
Key characteristics
HOVR:
-0.38
QTUM:
1.73
HOVR:
0.30
QTUM:
2.31
HOVR:
1.03
QTUM:
1.30
HOVR:
-0.79
QTUM:
2.74
HOVR:
-1.05
QTUM:
7.98
HOVR:
69.39%
QTUM:
5.91%
HOVR:
189.35%
QTUM:
27.20%
HOVR:
-92.26%
QTUM:
-38.45%
HOVR:
-84.23%
QTUM:
-3.13%
Returns By Period
In the year-to-date period, HOVR achieves a -53.10% return, which is significantly lower than QTUM's 3.14% return.
HOVR
-53.10%
-38.37%
-48.54%
-67.88%
N/A
N/A
QTUM
3.14%
-1.82%
34.73%
43.88%
23.62%
N/A
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Risk-Adjusted Performance
HOVR vs. QTUM — Risk-Adjusted Performance Rank
HOVR
QTUM
HOVR vs. QTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Horizon Aircraft Ltd (HOVR) and Defiance Quantum ETF (QTUM). 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.
Dividends
HOVR vs. QTUM - Dividend Comparison
HOVR has not paid dividends to shareholders, while QTUM's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
HOVR New Horizon Aircraft Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QTUM Defiance Quantum ETF | 0.59% | 0.61% | 0.81% | 1.46% | 0.48% | 0.45% | 0.61% | 0.21% |
Drawdowns
HOVR vs. QTUM - Drawdown Comparison
The maximum HOVR drawdown since its inception was -92.26%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for HOVR and QTUM. For additional features, visit the drawdowns tool.
Volatility
HOVR vs. QTUM - Volatility Comparison
New Horizon Aircraft Ltd (HOVR) has a higher volatility of 25.03% compared to Defiance Quantum ETF (QTUM) at 6.01%. This indicates that HOVR's price experiences larger fluctuations and is considered to be riskier than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.