HIMS vs HOOD: Correlation
How closely do Hims & Hers Health, Inc. (HIMS) and Robinhood Markets (HOOD) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIMS and HOOD?
On 3 years of weekly data the HIMS/HOOD correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 3176.2 %².
Among the 14 assets we track against HIMS, HOOD ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HOOD ahead by 34.7 points (-28.1% versus +6.6%).
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.
HIMS vs HOOD: side by side
| HIMS (Hims & Hers Health, Inc.) | HOOD (Robinhood Markets) | |
|---|---|---|
| 1-year return | -28.1% | +6.6% |
| 5-year return | +295.7% | +151.5% |
| Volatility (ann.) | 97.5% | 71.4% |
| Beta vs S&P 500 | 2.54 | 2.88 |
| Max drawdown (3Y) | -78.9% | -57.3% |
| Market cap | $7.4B | $98.7B |
| P/E (trailing) | – | 48.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | HIMS | HOOD |
|---|---|---|
| 2022 | -2.1% | -54.2% |
| 2023 | +38.8% | +56.5% |
| 2024 | +171.7% | +192.5% |
| 2025 | +34.3% | +203.5% |
| 2026 | -2.5% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIMS and HOOD good diversifiers for each other?
Reasonably. At 0.46, HIMS and HOOD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HIMS and HOOD?
As of 2026-08-27, the correlation of weekly returns between HIMS and HOOD is 0.46 over 3 years, 0.52 over 1 year and 0.42 over 5 years.
Is HOOD a good diversifier for HIMS?
Reasonably. At 0.46, HIMS and HOOD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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/hims-vs-hood.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hims-vs-hood/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HIMS correlations · HOOD correlations
