HIMS vs. RCAT

Last updated Jun 13, 2026

HIMS (Hims & Hers Health, Inc.) and RCAT (Red Cat Holdings, Inc.) are both stocks. HIMS operates in Drug Manufacturers - Specialty & Generic (Healthcare), while RCAT operates in Software - Application (Technology). Over the past 5 years, HIMS returned 17.04%/yr vs 26.88%/yr for RCAT. At a 0.16 correlation, their price movements are largely independent.

Performance

HIMS vs. RCAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hims & Hers Health, Inc. (HIMS) and Red Cat Holdings, Inc. (RCAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIMS achieves a -17.40% return, which is significantly lower than RCAT's 40.98% return.

HIMS

• 1D: -7.10%
• 1M: 11.10%
• YTD: -17.40%
• 6M: -27.92%
• 1Y: -53.07%
• 3Y*: 43.69%
• 5Y*: 17.04%
• 10Y*: —

RCAT

• 1D: -6.91%
• 1M: 18.94%
• YTD: 40.98%
• 6M: 39.05%
• 1Y: 27.77%
• 3Y*: 131.59%
• 5Y*: 26.88%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIMS vs. RCAT - 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%
RCAT Red Cat Holdings, Inc.	40.98%	-38.29%	1,360.23%	-6.38%	-54.81%	-30.67%	172.73%	-56.00%

Correlation

The correlation between HIMS and RCAT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019	0.16

The correlation between HIMS and RCAT shifts across timeframes, from 0.16 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap HIMS : $6.12B RCAT : $1.35B
EPS HIMS : -$0.05 RCAT : -$0.78
PS Ratio HIMS : 2.78 RCAT : 23.24
PB Ratio HIMS : 13.73 RCAT : 5.66
Total Revenue (TTM) HIMS : $2.37B RCAT : $52.98M
Gross Profit (TTM) HIMS : $1.70B RCAT : $2.86M
EBITDA (TTM) HIMS : $16.04M RCAT : -$79.24M

Return for Risk

HIMS vs. RCAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIMS

HIMS Risk / Return Rank: 20
HIMS Sharpe Ratio Rank: 18
HIMS Sortino Ratio Rank: 22
HIMS Omega Ratio Rank: 22
HIMS Calmar Ratio Rank: 17
HIMS Martin Ratio Rank: 19

RCAT

RCAT Risk / Return Rank: 56
RCAT Sharpe Ratio Rank: 51
RCAT Sortino Ratio Rank: 63
RCAT Omega Ratio Rank: 58
RCAT Calmar Ratio Rank: 54
RCAT Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIMS vs. RCAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hims & Hers Health, Inc. (HIMS) and Red Cat Holdings, Inc. (RCAT). 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	RCAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	0.23	-0.78
Sortino ratio: Return per unit of downside risk	-0.45	1.28	-1.72
Omega ratio: Gain probability vs. loss probability	0.95	1.14	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.68	0.46	-1.15
Martin ratio: Return relative to average drawdown	-1.10	0.92	-2.03

HIMS vs. RCAT - Sharpe Ratio Comparison

The current HIMS Sharpe Ratio is -0.55, which is lower than the RCAT Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of HIMS and RCAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HIMS vs. RCAT - Drawdown Comparison

The maximum HIMS drawdown since its inception was -87.29%, smaller than the maximum RCAT drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for HIMS and RCAT.

Drawdown Indicators

	HIMS	RCAT	Difference
Max Drawdown Largest peak-to-trough decline	-87.29%	-99.21%	+11.92%
Max Drawdown (1Y) Largest decline over 1 year	-78.06%	-60.08%	-17.98%
Max Drawdown (3Y) Largest decline over 3 years	-78.88%	-67.16%	-11.72%
Max Drawdown (5Y) Largest decline over 5 years	-78.88%	-92.25%	+13.37%
Current Drawdown Current decline from peak	-60.98%	-35.60%	-25.38%
Average Drawdown Average peak-to-trough decline	-43.23%	-65.98%	+22.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.06%	30.17%	+17.89%

Volatility

HIMS vs. RCAT - Volatility Comparison

The current volatility for Hims & Hers Health, Inc. (HIMS) is 21.36%, while Red Cat Holdings, Inc. (RCAT) has a volatility of 40.71%. This indicates that HIMS experiences smaller price fluctuations and is considered to be less risky than RCAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIMS	RCAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.36%	40.71%	-19.35%
Volatility (6M) Calculated over the trailing 6-month period	67.20%	85.22%	-18.02%
Volatility (1Y) Calculated over the trailing 1-year period	96.46%	120.36%	-23.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.26%	115.04%	-31.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.20%	29,209.75%	-29,132.55%

Dividends

HIMS vs. RCAT - Dividend Comparison

Neither HIMS nor RCAT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HIMS and RCAT in my portfolio?

HIMS and RCAT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIMS or RCAT?

RCAT has higher volatility (40.71%) compared to HIMS (21.36%). In terms of maximum drawdown, HIMS dropped -87.29% vs RCAT's -99.21%.

Which has better risk-adjusted returns?

RCAT currently has the higher Sharpe Ratio (0.23 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.