HOVNP vs SPY

Comparison between Hovnanian Enterprises Inc (HOVNP, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed HOVNP, delivering a return of +14.0% compared to +11.0%

HOVNP vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HOVNP(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$3.18B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	98.41%	56.47%
Sharpe Ratio	1.88	1.91
5Y Beta	0.21	1.00
Industry	Homebuilding & Construction Supplies	N/A
P/E Ratio	2.34	28.68
Forward P/E	N/A	22.19
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	3.55%	26.37%
Debt to Equity	111.95%	34.04%
P/S Ratio	0.05	3.76
P/B Ratio	0.18	5.55

Market Cap / Net Assets

HOVNP

$3.18B

Winner

SPY

$735B

Expense Ratio

HOVNP

N/A

SPY

0.09%

Max Drawdown

HOVNP

98.41%

Winner

SPY

56.47%

Sharpe Ratio

HOVNP

1.88

Winner

SPY

1.91

5Y Beta

Winner

HOVNP

0.21

SPY

1.00

Industry

HOVNP

Homebuilding & Construction Supplies

SPY

N/A

P/E Ratio

Winner

HOVNP

2.34

SPY

28.68

Forward P/E

HOVNP

N/A

SPY

22.19

5Y Dividends CAGR

HOVNP

N/A

SPY

5.43%

5Y EPS CAGR

HOVNP

3.55%

Winner

SPY

26.37%

Debt to Equity

HOVNP

111.95%

Winner

SPY

34.04%

P/S Ratio

Winner

HOVNP

0.05

SPY

3.76

P/B Ratio

Winner

HOVNP

0.18

SPY

5.55

HOVNP vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	HOVNP	SPY
1 month	-2.70%	+4.84%
3 months	-1.50%	+9.57%
6 months	+7.85%	+13.79%
1 year	+39.86%	+29.34%
5 years(CAGR)	+11.01%	+13.98%
10 years(CAGR)	+28.20%	+15.66%
Max(CAGR)	+2.52%	+8.53%

HOVNP

-2.70%

Winner

SPY

+4.84%

HOVNP

-1.50%

Winner

SPY

+9.57%

HOVNP

+7.85%

Winner

SPY

+13.79%

Winner

HOVNP

+39.86%

SPY

+29.34%

5Y(CAGR)

HOVNP

+11.01%

Winner

SPY

+13.98%

10Y(CAGR)

Winner

HOVNP

+28.20%

SPY

+15.66%

Max(CAGR)

HOVNP

+2.52%

Winner

SPY

+8.53%

HOVNP vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HOVNP	SPY
2026	+3.06%	+9.45%
2025	+30.68%	+18.00%
2024	+7.64%	+25.59%
2023	+7.20%	+26.72%
2022	-9.13%	-18.64%
2021	+185.60%	+30.52%
2020	+56.57%	+17.28%
2019	+123.40%	+31.09%
2018	-68.15%	-5.24%
2017	+1.35%	+20.78%
2016	+80.24%	+13.59%
2015	-70.63%	+1.31%
2014	+7.72%	+14.56%
2013	-0.37%	+29.00%
2012	+852.38%	+14.17%
2011	-75.74%	+0.85%
2010	+8.87%	+13.14%
2009	+523.53%	+22.67%
2008	-86.24%	-36.25%
2007	-71.94%	+5.32%
2006	+18.79%	+13.85%
2005	-0.54%	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

HOVNP vs SPY Drawdown Comparison

The maximum drawdown for HOVNP was -98.29%, occurring on Nov 21, 2008. Recovery took 3661 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current HOVNP drawdown is -5.53%. The current SPY drawdown is -0.34%.

Rank	HOVNP	SPY
#1	-98.29% May 30, 2007 - Dec 10, 2021	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-21.62% Dec 10, 2021 - Jul 1, 2024	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-9.07% Mar 3, 2006 - Sep 25, 2006	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-7.33% Mar 3, 2026 - Apr 17, 2026	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-6.92% Oct 6, 2025 - Dec 31, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-6.74% Feb 15, 2007 - May 30, 2007	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-6.72% Apr 1, 2025 - Jul 11, 2025	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-5.53% Apr 21, 2026 - May 22, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-3.25% Dec 31, 2024 - Mar 17, 2025	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-2.52% Jul 26, 2024 - Oct 1, 2024	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-2.49% Mar 17, 2025 - Apr 1, 2025	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-2.35% Oct 2, 2024 - Dec 5, 2024	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-2.28% Dec 31, 2025 - Jan 26, 2026	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-2.13% Oct 20, 2006 - Nov 15, 2006	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-2.13% Dec 8, 2005 - Jan 4, 2006	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between HOVNP and SPY is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.66

-101

Dividend Comparison (1999 - 2026)

HOVNP vs SPY dividend yield comparison.

Year	HOVNP	SPY
2026	2.30%	0.24%
2025	9.24%	1.07%
2024	10.79%	1.21%
2023	10.36%	1.40%
2022	10.03%	1.65%
2021	2.07%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	22.00%	1.85%
2006	7.64%	1.73%
2005	2.10%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%