ARKK vs HIMS: Correlation
ARK Innovation ETF (ARKK) and Hims & Hers Health, Inc. (HIMS) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and HIMS?
Across a 3-year window, the weekly returns of ARKK and HIMS correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 1790.2 %².
By 3-year correlation, HIMS places #81 of the 122 assets tracked against ARKK. The last year tells two different stories: ARKK led by 43.8 percentage points, +15.7% for ARKK against -28.1% for HIMS. Risk is not evenly split, since HIMS carries 2.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARKK vs HIMS: side by side
| ARKK (ARK Innovation ETF) | HIMS (Hims & Hers Health, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | -28.1% |
| 5-year return | -27.7% | +295.7% |
| Volatility (ann.) | 38.8% | 97.5% |
| Beta vs S&P 500 | 2.07 | 2.54 |
| Max drawdown (3Y) | -39.6% | -78.9% |
| Market cap | – | $7.4B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | HIMS |
|---|---|---|
| 2022 | -67.0% | -2.1% |
| 2023 | +69.0% | +38.8% |
| 2024 | +8.4% | +171.7% |
| 2025 | +35.5% | +34.3% |
| 2026 | +13.6% | -2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and HIMS good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARKK and HIMS?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.48 over the last year and 0.50 over 5 years.
Is HIMS a good diversifier for ARKK?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-hims.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-hims/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARKK correlations · HIMS correlations
