HIMS vs. SPY
HIMS (Hims & Hers Health, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, HIMS returned 27.74%/yr vs 13.15%/yr for SPY. At a 0.37 correlation, their price movements are largely independent.
Performance
HIMS vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, HIMS achieves a 5.88% return, which is significantly lower than SPY's 11.30% return.
HIMS
- 1D
- -3.02%
- 1M
- 28.19%
- 6M
- 8.49%
- YTD
- 5.88%
- 1Y
- -28.21%
- 3Y*
- 58.46%
- 5Y*
- 27.74%
- 10Y*
- —
SPY
- 1D
- 0.43%
- 1M
- 2.04%
- 6M
- 9.35%
- YTD
- 11.30%
- 1Y
- 22.40%
- 3Y*
- 20.99%
- 5Y*
- 13.15%
- 10Y*
- 15.22%
HIMS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIMS Hims & Hers Health, Inc. | 5.88% | 34.28% | 171.69% | 38.85% | -2.14% | -55.14% | 47.47% | 1.23% |
SPY State Street SPDR S&P 500 ETF | 11.30% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 7.85% |
Correlation
The correlation between HIMS and SPY is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019 | 0.37 |
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Return for Risk
HIMS vs. SPY — Risk / Return Rank
HIMS
SPY
HIMS vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hims & Hers Health, Inc. (HIMS) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.32 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 2.48 | -2.89 |
| Martin ratioReturn relative to average drawdown | -0.64 | 10.83 | -11.47 |
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Drawdowns
HIMS vs. SPY - Drawdown Comparison
The maximum HIMS drawdown since its inception was -87.29%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HIMS and SPY.
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Drawdown Indicators
| HIMS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.29% | -55.19% | -32.10% |
Max Drawdown (1Y)Largest decline over 1 year | -78.06% | -8.88% | -69.18% |
Max Drawdown (3Y)Largest decline over 3 years | -78.88% | -18.76% | -60.12% |
Max Drawdown (5Y)Largest decline over 5 years | -78.88% | -24.50% | -54.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -49.99% | -0.35% | -49.64% |
Average DrawdownAverage peak-to-trough decline | -43.30% | -9.03% | -34.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.22% | 2.03% | +47.19% |
Volatility
HIMS vs. SPY - Volatility Comparison
Hims & Hers Health, Inc. (HIMS) has a higher volatility of 23.78% compared to State Street SPDR S&P 500 ETF (SPY) at 4.52%. This indicates that HIMS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIMS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.78% | 4.52% | +19.26% |
Volatility (6M)Calculated over the trailing 6-month period | 70.03% | 9.98% | +60.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.86% | 12.55% | +78.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.64% | 17.16% | +66.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.26% | 17.92% | +59.34% |
Dividends
HIMS vs. SPY - Dividend Comparison
HIMS has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMS Hims & Hers Health, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
HIMS and SPY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIMS has higher volatility (23.78%) compared to SPY (4.52%). In terms of maximum drawdown, HIMS dropped -87.29% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.76 vs -0.35), 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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