HOVR vs. RKLB
HOVR (New Horizon Aircraft Ltd) and RKLB (Rocket Lab USA, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past year, HOVR returned 59.85% vs 287.84% for RKLB. At a 0.24 correlation, their price movements are largely independent.
Performance
HOVR vs. RKLB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HOVR having a 48.98% return and RKLB slightly lower at 46.77%.
HOVR
- 1D
- -3.10%
- 1M
- -11.69%
- YTD
- 48.98%
- 6M
- 26.59%
- 1Y
- 59.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RKLB
- 1D
- -10.79%
- 1M
- -17.53%
- YTD
- 46.77%
- 6M
- 66.51%
- 1Y
- 287.84%
- 3Y*
- 158.32%
- 5Y*
- —
- 10Y*
- —
HOVR vs. RKLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HOVR New Horizon Aircraft Ltd | 48.98% | 30.09% | -70.26% |
RKLB Rocket Lab USA, Inc. | 46.77% | 173.89% | 392.65% |
Correlation
The correlation between HOVR and RKLB is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2024 | 0.24 |
The correlation between HOVR and RKLB shifts across timeframes, from 0.24 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
HOVR:
$97.08M
RKLB:
$61.99B
HOVR:
-$0.80
RKLB:
-$0.33
HOVR:
6.87
RKLB:
27.38
HOVR:
$0.00
RKLB:
$679.58M
HOVR:
-$57.08K
RKLB:
$248.43M
HOVR:
-$31.06M
RKLB:
-$177.36M
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Return for Risk
HOVR vs. RKLB — Risk / Return Rank
HOVR
RKLB
HOVR vs. RKLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Horizon Aircraft Ltd (HOVR) and Rocket Lab USA, Inc. (RKLB). 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 | RKLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.38 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 6.74 | -5.87 |
| Martin ratioReturn relative to average drawdown | 1.40 | 15.44 | -14.04 |
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Drawdowns
HOVR vs. RKLB - Drawdown Comparison
The maximum HOVR drawdown since its inception was -93.16%, which is greater than RKLB's maximum drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for HOVR and RKLB.
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Drawdown Indicators
| HOVR | RKLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.16% | -82.96% | -10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -69.31% | -43.01% | -26.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -55.49% | — |
Current DrawdownCurrent decline from peak | -43.99% | -31.84% | -12.15% |
Average DrawdownAverage peak-to-trough decline | -63.48% | -51.29% | -12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.91% | 18.75% | +24.16% |
Volatility
HOVR vs. RKLB - Volatility Comparison
New Horizon Aircraft Ltd (HOVR) has a higher volatility of 36.90% compared to Rocket Lab USA, Inc. (RKLB) at 31.54%. This indicates that HOVR's price experiences larger fluctuations and is considered to be riskier than RKLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOVR | RKLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.90% | 31.54% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 82.11% | 73.47% | +8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 126.68% | 93.03% | +33.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 157.13% | 81.62% | +75.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 157.13% | 81.62% | +75.51% |
Dividends
HOVR vs. RKLB - Dividend Comparison
Neither HOVR nor RKLB has paid dividends to shareholders.
Financials
HOVR vs. RKLB - Financials Comparison
This section allows you to compare key financial metrics between New Horizon Aircraft Ltd and Rocket Lab USA, 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 RKLB have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOVR has higher volatility (36.90%) compared to RKLB (31.54%). In terms of maximum drawdown, HOVR dropped -93.16% vs RKLB's -82.96%.
RKLB currently has the higher Sharpe Ratio (3.12 vs 0.47), 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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