DUOL vs HIMS: Correlation
How closely do Duolingo, Inc. (DUOL) and Hims & Hers Health, Inc. (HIMS) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUOL and HIMS?
Over the past 3 years, DUOL and HIMS moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 2682.6 %².
Among the 13 assets we track against DUOL, HIMS ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HIMS outperformed by 27.0 percentage points (-55.1% for DUOL against -28.1% for HIMS). Risk is not evenly split, since HIMS carries 1.6 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.
DUOL vs HIMS: side by side
| DUOL (Duolingo, Inc.) | HIMS (Hims & Hers Health, Inc.) | |
|---|---|---|
| 1-year return | -55.1% | -28.1% |
| 5-year return | +11.0% | +295.7% |
| Volatility (ann.) | 62.1% | 97.5% |
| Beta vs S&P 500 | 1.55 | 2.54 |
| Max drawdown (3Y) | -83.3% | -78.9% |
| Market cap | $6.7B | $7.4B |
| P/E (trailing) | 16.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DUOL | HIMS |
|---|---|---|
| 2022 | -33.0% | -2.1% |
| 2023 | +218.9% | +38.8% |
| 2024 | +42.9% | +171.7% |
| 2025 | -45.9% | +34.3% |
| 2026 | -18.6% | -2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUOL and HIMS good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DUOL and HIMS?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.35 over the last year and 0.37 over 5 years.
Is HIMS a good diversifier for DUOL?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/duol-vs-hims.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/duol-vs-hims/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DUOL correlations · HIMS correlations
