HIMS vs VXX: Correlation
Measured on weekly returns over the past three years, Hims & Hers Health, Inc. (HIMS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIMS and VXX?
Across a 3-year window, the weekly returns of HIMS and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.31 over 3. Stretching to 5 years gives -0.29, with an annualized covariance of -1863.0 %².
Out of 14 assets tracked against HIMS, VXX lands near the bottom at #12. The last year tells two different stories: HIMS led by 21.6 percentage points, -28.1% for HIMS against -49.7% for VXX. Note the risk asymmetry: HIMS runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VXX: side by side
| HIMS (Hims & Hers Health, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -28.1% | -49.7% |
| 5-year return | +295.7% | -95.6% |
| Volatility (ann.) | 97.5% | 60.9% |
| Beta vs S&P 500 | 2.54 | -3.31 |
| Max drawdown (3Y) | -78.9% | -83.3% |
| Market cap | $7.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HIMS | VXX |
|---|---|---|
| 2022 | -2.1% | -23.8% |
| 2023 | +38.8% | -72.5% |
| 2024 | +171.7% | -26.2% |
| 2025 | +34.3% | -42.2% |
| 2026 | -2.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIMS and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, HIMS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HIMS and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.22 over the last year and -0.29 over 5 years.
Is VXX a good diversifier for HIMS?
Yes. With a correlation of -0.31, HIMS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hims-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hims-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HIMS correlations · VXX correlations
