SPOT vs. HIMS
SPOT (Spotify Technology S.A.) and HIMS (Hims & Hers Health, Inc.) are both stocks. SPOT operates in Internet Content & Information (Communication Services), while HIMS operates in Drug Manufacturers - Specialty & Generic (Healthcare). Over the past 5 years, SPOT returned 14.62%/yr vs 17.04%/yr for HIMS. At a 0.29 correlation, their price movements are largely independent.
Performance
SPOT vs. HIMS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SPOT having a -17.00% return and HIMS slightly lower at -17.40%.
SPOT
- 1D
- -0.82%
- 1M
- 11.86%
- YTD
- -17.00%
- 6M
- -19.37%
- 1Y
- -31.42%
- 3Y*
- 47.06%
- 5Y*
- 14.62%
- 10Y*
- —
HIMS
- 1D
- -7.10%
- 1M
- 10.64%
- YTD
- -17.40%
- 6M
- -27.92%
- 1Y
- -51.66%
- 3Y*
- 43.69%
- 5Y*
- 17.04%
- 10Y*
- —
SPOT vs. HIMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | -17.00% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 16.34% |
HIMS Hims & Hers Health, Inc. | -17.40% | 34.28% | 171.69% | 38.85% | -2.14% | -55.14% | 47.47% | 1.23% |
Correlation
The correlation between SPOT and HIMS is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019 | 0.29 |
The correlation between SPOT and HIMS shifts across timeframes, from 0.11 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPOT:
$100.87B
HIMS:
$6.12B
SPOT:
€12.94
HIMS:
-$0.05
SPOT:
4.98
HIMS:
2.78
SPOT:
10.87
HIMS:
13.73
SPOT:
€17.60B
HIMS:
$2.37B
SPOT:
€5.68B
HIMS:
$1.70B
SPOT:
€2.75B
HIMS:
$16.04M
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Return for Risk
SPOT vs. HIMS — Risk / Return Rank
SPOT
HIMS
SPOT vs. HIMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and Hims & Hers Health, Inc. (HIMS). 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.
| SPOT | HIMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.95 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.68 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.16 | -1.10 | -0.05 |
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Drawdowns
SPOT vs. HIMS - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, smaller than the maximum HIMS drawdown of -87.29%. Use the drawdown chart below to compare losses from any high point for SPOT and HIMS.
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Drawdown Indicators
| SPOT | HIMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -87.29% | +6.78% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -78.06% | +31.26% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -78.88% | +32.08% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -78.88% | +2.49% |
Current DrawdownCurrent decline from peak | -37.88% | -60.98% | +23.10% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -43.23% | +12.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.16% | 48.06% | -20.90% |
Volatility
SPOT vs. HIMS - Volatility Comparison
The current volatility for Spotify Technology S.A. (SPOT) is 16.23%, while Hims & Hers Health, Inc. (HIMS) has a volatility of 21.36%. This indicates that SPOT experiences smaller price fluctuations and is considered to be less risky than HIMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | HIMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.23% | 21.36% | -5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 37.28% | 67.20% | -29.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.28% | 96.46% | -51.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.58% | 83.26% | -35.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.36% | 77.20% | -29.84% |
Dividends
SPOT vs. HIMS - Dividend Comparison
Neither SPOT nor HIMS has paid dividends to shareholders.
Financials
SPOT vs. HIMS - Financials Comparison
This section allows you to compare key financial metrics between Spotify Technology S.A. and Hims & Hers Health, 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
SPOT vs. HIMS - Profitability Comparison
SPOT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a gross profit of 1.51B and revenue of 4.61B. Therefore, the gross margin over that period was 32.9%.
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%.
SPOT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported an operating income of 726.76M and revenue of 4.61B, resulting in an operating margin of 15.8%.
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%.
SPOT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a net income of 732.86M and revenue of 4.61B, resulting in a net margin of 15.9%.
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%.
Frequently Asked Questions
SPOT and HIMS have a correlation of 0.11, 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 SPOT (16.23%). In terms of maximum drawdown, SPOT dropped -80.51% vs HIMS's -87.29%.
HIMS currently has the higher Sharpe Ratio (-0.55 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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