HIMS vs LMT: Correlation
How closely do Hims & Hers Health, Inc. (HIMS) and Lockheed Martin (LMT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIMS and LMT?
On 3 years of weekly data the HIMS/LMT correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -580.7 %².
Out of 14 assets tracked against HIMS, LMT lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months LMT outperformed by 56.0 percentage points (-28.1% for HIMS against +27.9% for LMT). Risk is not evenly split, since HIMS carries 3.8 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.
HIMS vs LMT: side by side
| HIMS (Hims & Hers Health, Inc.) | LMT (Lockheed Martin) | |
|---|---|---|
| 1-year return | -28.1% | +27.9% |
| 5-year return | +295.7% | +78.9% |
| Volatility (ann.) | 97.5% | 26.0% |
| Beta vs S&P 500 | 2.54 | 0.20 |
| Max drawdown (3Y) | -78.9% | -31.8% |
| Market cap | $7.4B | $130.6B |
| P/E (trailing) | – | 20.9 |
| Dividend yield | 0.00% | 2.41% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HIMS | LMT |
|---|---|---|
| 2022 | -2.1% | +40.5% |
| 2023 | +38.8% | -4.3% |
| 2024 | +171.7% | +10.0% |
| 2025 | +34.3% | +2.5% |
| 2026 | -2.5% | +18.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIMS and LMT good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HIMS and LMT?
As of 2026-08-27, the correlation of weekly returns between HIMS and LMT is -0.23 over 3 years, -0.33 over 1 year and -0.17 over 5 years.
Is LMT a good diversifier for HIMS?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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-lmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hims-vs-lmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HIMS correlations · LMT correlations
