HIMS vs QQQ: Correlation
Measured on weekly returns over the past three years, Hims & Hers Health, Inc. (HIMS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIMS and QQQ?
Across a 3-year window, the weekly returns of HIMS and QQQ correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.42, with an annualized covariance of 766.9 %².
Among the 14 assets we track against HIMS, QQQ ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 54.4 points (-28.1% versus +26.3%). Risk is not evenly split, since HIMS carries 5.0 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 QQQ: side by side
| HIMS (Hims & Hers Health, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -28.1% | +26.3% |
| 5-year return | +295.7% | +95.4% |
| Volatility (ann.) | 97.5% | 19.6% |
| Beta vs S&P 500 | 2.54 | 1.28 |
| Max drawdown (3Y) | -78.9% | -22.8% |
| Market cap | $7.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | HIMS | QQQ |
|---|---|---|
| 2022 | -2.1% | -32.6% |
| 2023 | +38.8% | +54.9% |
| 2024 | +171.7% | +25.6% |
| 2025 | +34.3% | +20.8% |
| 2026 | -2.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIMS and QQQ good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HIMS and QQQ?
As of 2026-08-27, the correlation of weekly returns between HIMS and QQQ is 0.40 over 3 years, 0.34 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for HIMS?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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
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Related comparisons
Hubs: HIMS correlations · QQQ correlations
