HIMS vs. CDNS
HIMS (Hims & Hers Health, Inc.) and CDNS (Cadence Design Systems, Inc.) are both stocks. HIMS operates in Drug Manufacturers - Specialty & Generic (Healthcare), while CDNS operates in Software - Application (Technology). Over the past 5 years, HIMS returned 17.04%/yr vs 24.39%/yr for CDNS. At a 0.31 correlation, their price movements are largely independent.
Performance
HIMS vs. CDNS - Performance Comparison
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Returns By Period
In the year-to-date period, HIMS achieves a -17.40% return, which is significantly lower than CDNS's 23.16% return.
HIMS
- 1D
- -7.10%
- 1M
- 10.64%
- YTD
- -17.40%
- 6M
- -27.92%
- 1Y
- -51.66%
- 3Y*
- 43.69%
- 5Y*
- 17.04%
- 10Y*
- —
CDNS
- 1D
- 0.32%
- 1M
- 9.10%
- YTD
- 23.16%
- 6M
- 19.10%
- 1Y
- 28.32%
- 3Y*
- 17.22%
- 5Y*
- 24.39%
- 10Y*
- 31.77%
HIMS vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIMS Hims & Hers Health, Inc. | -17.40% | 34.28% | 171.69% | 38.85% | -2.14% | -55.14% | 47.47% | 1.23% |
CDNS Cadence Design Systems, Inc. | 23.16% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 4.85% |
Correlation
The correlation between HIMS and CDNS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019 | 0.31 |
Fundamentals
HIMS:
$6.12B
CDNS:
$105.37B
HIMS:
-$0.05
CDNS:
$4.28
HIMS:
2.78
CDNS:
19.03
HIMS:
13.73
CDNS:
12.08
HIMS:
$2.37B
CDNS:
$5.53B
HIMS:
$1.70B
CDNS:
$4.91B
HIMS:
$16.04M
CDNS:
$1.87B
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Return for Risk
HIMS vs. CDNS — Risk / Return Rank
HIMS
CDNS
HIMS vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hims & Hers Health, Inc. (HIMS) and Cadence Design Systems, Inc. (CDNS). 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.
| HIMS | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.15 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 0.87 | -1.55 |
| Martin ratioReturn relative to average drawdown | -1.10 | 1.84 | -2.95 |
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Drawdowns
HIMS vs. CDNS - Drawdown Comparison
The maximum HIMS drawdown since its inception was -87.29%, smaller than the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for HIMS and CDNS.
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Drawdown Indicators
| HIMS | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.29% | -93.13% | +5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -78.06% | -28.85% | -49.21% |
Max Drawdown (3Y)Largest decline over 3 years | -78.88% | -29.05% | -49.83% |
Max Drawdown (5Y)Largest decline over 5 years | -78.88% | -29.59% | -49.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.12% | — |
Current DrawdownCurrent decline from peak | -60.98% | -7.55% | -53.43% |
Average DrawdownAverage peak-to-trough decline | -43.23% | -39.62% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.06% | 13.63% | +34.43% |
Volatility
HIMS vs. CDNS - Volatility Comparison
Hims & Hers Health, Inc. (HIMS) has a higher volatility of 21.36% compared to Cadence Design Systems, Inc. (CDNS) at 16.52%. This indicates that HIMS's price experiences larger fluctuations and is considered to be riskier than CDNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIMS | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.36% | 16.52% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 67.20% | 31.73% | +35.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.46% | 38.94% | +57.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.26% | 36.17% | +47.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.20% | 34.12% | +43.08% |
Dividends
HIMS vs. CDNS - Dividend Comparison
Neither HIMS nor CDNS has paid dividends to shareholders.
Financials
HIMS vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Hims & Hers Health, Inc. and Cadence Design Systems, 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
HIMS vs. CDNS - Profitability Comparison
HIMS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hims & Hers Health, Inc. reported a gross profit of 396.79M and revenue of 608.10M. Therefore, the gross margin over that period was 65.3%.
CDNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported a gross profit of 1.41B and revenue of 1.47B. Therefore, the gross margin over that period was 95.9%.
HIMS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hims & Hers Health, Inc. reported an operating income of -78.32M and revenue of 608.10M, resulting in an operating margin of -12.9%.
CDNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported an operating income of 431.33M and revenue of 1.47B, resulting in an operating margin of 29.3%.
HIMS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hims & Hers Health, Inc. reported a net income of -92.12M and revenue of 608.10M, resulting in a net margin of -15.2%.
CDNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported a net income of 335.66M and revenue of 1.47B, resulting in a net margin of 22.8%.
Frequently Asked Questions
HIMS and CDNS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIMS has higher volatility (21.36%) compared to CDNS (16.52%). In terms of maximum drawdown, HIMS dropped -87.29% vs CDNS's -93.13%.
CDNS currently has the higher Sharpe Ratio (0.65 vs -0.55), 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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