HOV vs SPY
Comparison between Hovnanian Enterprises Inc - Class A (HOV, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HOV, delivering a return of +13.3% compared to -0.3%
HOV vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HOV vs SPY - Historical Returns
Returns include dividend reinvestment.
HOV vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HOV | SPY |
|---|---|---|
| 2026 | +11.47% | +8.26% |
| 2025 | -23.82% | +18.00% |
| 2024 | -11.87% | +25.59% |
| 2023 | +262.67% | +26.72% |
| 2022 | -65.25% | -18.64% |
| 2021 | +299.65% | +30.52% |
| 2020 | +45.85% | +17.28% |
| 2019 | +9.84% | +31.09% |
| 2018 | -79.40% | -5.24% |
| 2017 | +26.89% | +20.78% |
| 2016 | +55.11% | +13.59% |
| 2015 | -57.11% | +1.31% |
| 2014 | -37.42% | +14.56% |
| 2013 | -4.20% | +29.00% |
| 2012 | +351.61% | +14.17% |
| 2011 | -65.80% | +0.85% |
| 2010 | +2.76% | +13.14% |
| 2009 | +135.58% | +22.67% |
| 2008 | -74.93% | -36.25% |
| 2007 | -77.61% | +5.32% |
| 2006 | -33.42% | +13.85% |
| 2005 | +2.46% | +5.32% |
| 2004 | +19.47% | +10.75% |
| 2003 | +157.73% | +24.18% |
| 2002 | +53.59% | -22.42% |
| 2001 | +128.50% | -10.13% |
| 2000 | +53.27% | -8.84% |
| 1999 | +0.00% | +8.61% |
HOV vs SPY Drawdown Comparison
The maximum drawdown for HOV was -99.70%, occurring on Aug 9, 2019. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HOV drawdown is -94.04%. The current SPY drawdown is -2.90%.
| Rank | HOV | SPY |
|---|---|---|
| #1 | -99.70% Jul 20, 2005 - Aug 9, 2019 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -47.14% May 15, 2001 - Dec 24, 2001 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -39.28% Dec 8, 2003 - Dec 15, 2004 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -33.41% Jul 1, 2002 - Sep 9, 2002 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -30.72% Jun 16, 2003 - Oct 2, 2003 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -28.20% Sep 17, 2002 - Apr 23, 2003 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -19.24% Nov 9, 1999 - Aug 7, 2000 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.19% Mar 7, 2005 - May 24, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -18.44% Apr 30, 2001 - May 7, 2001 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -16.47% May 7, 2002 - Jun 6, 2002 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -14.06% Apr 2, 2001 - Apr 12, 2001 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.97% Feb 8, 2005 - Mar 4, 2005 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.91% Sep 11, 2000 - Nov 6, 2000 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.83% Aug 8, 2000 - Sep 11, 2000 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.48% Mar 6, 2002 - Apr 8, 2002 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HOV and SPY is -0.33 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
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