HOVR vs. QTUM
HOVR (New Horizon Aircraft Ltd) is a stock, while QTUM (Defiance Quantum ETF) is Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. Over the past year, HOVR returned 21.99% vs 57.72% for QTUM. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
HOVR vs. QTUM - Performance Comparison
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Returns By Period
In the year-to-date period, HOVR achieves a 17.01% return, which is significantly lower than QTUM's 29.28% return.
HOVR
- 1D
- -1.15%
- 1M
- -11.34%
- 6M
- -7.53%
- YTD
- 17.01%
- 1Y
- 21.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.83%
QTUM
- 1D
- 0.67%
- 1M
- -8.88%
- 6M
- 22.33%
- YTD
- 29.28%
- 1Y
- 57.72%
- 3Y*
- 39.51%
- 5Y*
- 24.56%
- 10Y*
- —
- ALL TIME*
- 25.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.48M | $2.30M | $5.51M | |
| $54.21M | $61.13M | $111.15M |
HOVR vs. QTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HOVR New Horizon Aircraft Ltd | 17.01% | 30.09% | -70.26% |
QTUM Defiance Quantum ETF | 29.28% | 36.65% | 52.65% |
Correlation
The correlation between HOVR and QTUM is 0.53, 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. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2024 | 0.30 |
Over the past year, HOVR and QTUM have become more correlated (0.53) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
HOVR vs. QTUM — Risk / Return Rank
HOVR
QTUM
HOVR vs. QTUM - Risk-Adjusted Trends 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.
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 | QTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.29 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 2.57 | -2.37 |
| Martin ratioReturn relative to average drawdown | 0.31 | 9.41 | -9.10 |
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Drawdowns
HOVR vs. QTUM - Drawdown Comparison
The maximum HOVR drawdown since its inception was -93.16%, 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.
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Drawdown Indicators
| HOVR | QTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.16% | -38.45% | -54.71% |
Max Drawdown (1Y)Largest decline over 1 year | -69.31% | -21.51% | -47.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.45% | — |
Current DrawdownCurrent decline from peak | -56.01% | -16.16% | -39.85% |
Average DrawdownAverage peak-to-trough decline | -62.90% | -8.27% | -54.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.99% | 5.87% | +39.12% |
Volatility
HOVR vs. QTUM - Volatility Comparison
New Horizon Aircraft Ltd (HOVR) has a higher volatility of 31.60% compared to Defiance Quantum ETF (QTUM) at 11.38%. 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.
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Volatility by Period
| HOVR | QTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.60% | 11.38% | +20.22% |
Volatility (6M)Calculated over the trailing 6-month period | 77.59% | 26.47% | +51.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.08% | 31.67% | +86.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.49% | 27.69% | +126.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 154.49% | 27.69% | +126.80% |
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 0.83%.
| Position | TTM | 2025 | 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% | 0.00% |
QTUM Defiance Quantum ETF | 0.83% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% |
Frequently Asked Questions
HOVR and QTUM 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.
HOVR has higher volatility (31.60%) compared to QTUM (11.38%). In terms of maximum drawdown, HOVR dropped -93.16% vs QTUM's -38.45%.
QTUM currently has the higher Sharpe Ratio (1.75 vs 0.12), 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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