HNGE vs. OUST
HNGE (Hinge Health, Inc) and OUST (Ouster, Inc.) are both stocks. HNGE operates in Health Information Services (Healthcare), while OUST operates in Electronic Components (Technology). Over the past year, HNGE returned 44.57% vs 228.55% for OUST. At a 0.21 correlation, their price movements are largely independent.
Performance
HNGE vs. OUST - Performance Comparison
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Returns By Period
In the year-to-date period, HNGE achieves a 25.90% return, which is significantly lower than OUST's 103.14% return.
HNGE
- 1D
- -4.01%
- 1M
- 28.73%
- YTD
- 25.90%
- 6M
- 25.60%
- 1Y
- 44.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OUST
- 1D
- -4.50%
- 1M
- 56.16%
- YTD
- 103.14%
- 6M
- 84.16%
- 1Y
- 228.55%
- 3Y*
- 87.30%
- 5Y*
- -19.00%
- 10Y*
- —
HNGE vs. OUST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HNGE Hinge Health, Inc | 25.90% | 23.67% |
OUST Ouster, Inc. | 103.14% | 107.68% |
Correlation
The correlation between HNGE and OUST is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.21 |
Fundamentals
HNGE:
$4.82B
OUST:
$2.72B
HNGE:
-$6.30
OUST:
-$0.94
HNGE:
7.32
OUST:
14.16
HNGE:
$646.34M
OUST:
$185.33M
HNGE:
$522.22M
OUST:
$90.79M
HNGE:
-$514.46M
OUST:
-$50.85M
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Return for Risk
HNGE vs. OUST — Risk / Return Rank
HNGE
OUST
HNGE vs. OUST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hinge Health, Inc (HNGE) and Ouster, Inc. (OUST). 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 | OUST | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 2.31 | -1.61 |
Sortino ratioReturn per unit of downside risk | 1.44 | 2.79 | -1.35 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 4.17 | -3.13 |
Martin ratioReturn relative to average drawdown | 2.29 | 7.74 | -5.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HNGE | OUST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 2.31 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | -0.14 | +0.98 |
Drawdowns
HNGE vs. OUST - Drawdown Comparison
The maximum HNGE drawdown since its inception was -48.52%, smaller than the maximum OUST drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for HNGE and OUST.
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Drawdown Indicators
| HNGE | OUST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.52% | -98.01% | +49.49% |
Max Drawdown (1Y)Largest decline over 1 year | -48.52% | -55.15% | +6.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.76% | — |
Current DrawdownCurrent decline from peak | -4.01% | -72.95% | +68.94% |
Average DrawdownAverage peak-to-trough decline | -18.79% | -78.09% | +59.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.13% | 29.66% | -7.53% |
Volatility
HNGE vs. OUST - Volatility Comparison
The current volatility for Hinge Health, Inc (HNGE) is 16.20%, while Ouster, Inc. (OUST) has a volatility of 40.34%. This indicates that HNGE experiences smaller price fluctuations and is considered to be less risky than OUST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNGE | OUST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.20% | 40.34% | -24.14% |
Volatility (6M)Calculated over the trailing 6-month period | 39.21% | 66.07% | -26.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.25% | 99.61% | -35.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.38% | 96.40% | -32.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.38% | 95.44% | -31.06% |
Dividends
HNGE vs. OUST - Dividend Comparison
Neither HNGE nor OUST has paid dividends to shareholders.
Financials
HNGE vs. OUST - Financials Comparison
This section allows you to compare key financial metrics between Hinge Health, Inc and Ouster, 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
HNGE vs. OUST - Profitability Comparison
HNGE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hinge Health, Inc reported a gross profit of 154.23M and revenue of 182.31M. Therefore, the gross margin over that period was 84.6%.
OUST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ouster, Inc. reported a gross profit of 20.84M and revenue of 48.58M. Therefore, the gross margin over that period was 42.9%.
HNGE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hinge Health, Inc reported an operating income of 32.07M and revenue of 182.31M, resulting in an operating margin of 17.6%.
OUST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ouster, Inc. reported an operating income of -19.21M and revenue of 48.58M, resulting in an operating margin of -39.6%.
HNGE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hinge Health, Inc reported a net income of 35.13M and revenue of 182.31M, resulting in a net margin of 19.3%.
OUST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ouster, Inc. reported a net income of -17.47M and revenue of 48.58M, resulting in a net margin of -36.0%.
Frequently Asked Questions
HNGE and OUST have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUST has higher volatility (40.34%) compared to HNGE (16.20%). In terms of maximum drawdown, HNGE dropped -48.52% vs OUST's -98.01%.
OUST currently has the higher Sharpe Ratio (2.31 vs 0.70), 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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