HNGE vs. JOBY

Last updated Jun 4, 2026

HNGE (Hinge Health, Inc) and JOBY (Joby Aviation, Inc.) are both stocks. HNGE operates in Health Information Services (Healthcare), while JOBY operates in Airports & Air Services (Industrials). Over the past year, HNGE returned 45.41% vs 42.34% for JOBY. At a 0.23 correlation, their price movements are largely independent.

Performance

HNGE vs. JOBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hinge Health, Inc (HNGE) and Joby Aviation, Inc. (JOBY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HNGE achieves a 26.29% return, which is significantly higher than JOBY's -13.41% return.

HNGE

• 1D: 0.31%
• 1M: 19.98%
• YTD: 26.29%
• 6M: 27.47%
• 1Y: 45.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JOBY

• 1D: -3.71%
• 1M: 29.01%
• YTD: -13.41%
• 6M: -21.87%
• 1Y: 42.34%
• 3Y*: 26.18%
• 5Y*: —
• 10Y*: —

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

HNGE vs. JOBY - Yearly Performance Comparison

	2026 (YTD)	2025
HNGE Hinge Health, Inc	26.29%	23.67%
JOBY Joby Aviation, Inc.	-13.41%	98.80%

Correlation

The correlation between HNGE and JOBY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since May 23, 2025	0.23

Fundamentals

Market Cap HNGE : $4.83B JOBY : $10.78B
EPS HNGE : -$6.30 JOBY : -$1.10
PS Ratio HNGE : 7.35 JOBY : 128.01
Total Revenue (TTM) HNGE : $646.34M JOBY : $77.67M
Gross Profit (TTM) HNGE : $522.22M JOBY : $8.72M
EBITDA (TTM) HNGE : -$514.46M JOBY : -$1.05B

Return for Risk

HNGE vs. JOBY — Risk / Return Rank

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

HNGE

HNGE Risk / Return Rank: 63
HNGE Sharpe Ratio Rank: 65
HNGE Sortino Ratio Rank: 65
HNGE Omega Ratio Rank: 64
HNGE Calmar Ratio Rank: 61
HNGE Martin Ratio Rank: 60

JOBY

JOBY Risk / Return Rank: 57
JOBY Sharpe Ratio Rank: 59
JOBY Sortino Ratio Rank: 62
JOBY Omega Ratio Rank: 57
JOBY Calmar Ratio Rank: 55
JOBY 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.

HNGE vs. JOBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hinge Health, Inc (HNGE) and Joby Aviation, Inc. (JOBY). 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.

	HNGE	JOBY	Difference
Sharpe ratio Return per unit of total volatility	0.71	0.54	+0.17
Sortino ratio Return per unit of downside risk	1.45	1.38	+0.07
Omega ratio Gain probability vs. loss probability	1.18	1.15	+0.03
Calmar ratio Return relative to maximum drawdown	0.94	0.70	+0.24
Martin ratio Return relative to average drawdown	2.06	1.19	+0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HNGE vs. JOBY - Sharpe Ratio Comparison

The current HNGE Sharpe Ratio is 0.71, which is higher than the JOBY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of HNGE and JOBY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HNGE	JOBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	0.54	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	-0.04	+0.89

Drawdowns

HNGE vs. JOBY - Drawdown Comparison

The maximum HNGE drawdown since its inception was -48.52%, smaller than the maximum JOBY drawdown of -76.27%. Use the drawdown chart below to compare losses from any high point for HNGE and JOBY.

Drawdown Indicators

	HNGE	JOBY	Difference
Max Drawdown Largest peak-to-trough decline	-48.52%	-76.27%	+27.75%
Max Drawdown (1Y) Largest decline over 1 year	-48.52%	-61.06%	+12.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-61.06%	—
Current Drawdown Current decline from peak	-3.71%	-43.94%	+40.23%
Average Drawdown Average peak-to-trough decline	-18.73%	-50.39%	+31.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.12%	35.79%	-13.67%

Volatility

HNGE vs. JOBY - Volatility Comparison

The current volatility for Hinge Health, Inc (HNGE) is 14.87%, while Joby Aviation, Inc. (JOBY) has a volatility of 25.96%. This indicates that HNGE experiences smaller price fluctuations and is considered to be less risky than JOBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HNGE	JOBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.87%	25.96%	-11.09%
Volatility (6M) Calculated over the trailing 6-month period	39.15%	49.29%	-10.14%
Volatility (1Y) Calculated over the trailing 1-year period	64.13%	78.59%	-14.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.25%	79.72%	-15.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.25%	79.72%	-15.47%

Dividends

HNGE vs. JOBY - Dividend Comparison

Neither HNGE nor JOBY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HNGE and JOBY in my portfolio?

HNGE and JOBY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HNGE or JOBY?

JOBY has higher volatility (25.96%) compared to HNGE (14.87%). In terms of maximum drawdown, HNGE dropped -48.52% vs JOBY's -76.27%.

Which has better risk-adjusted returns?

HNGE currently has the higher Sharpe Ratio (0.71 vs 0.54), 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.