HIMS vs VXZ: Correlation
How closely do Hims & Hers Health, Inc. (HIMS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIMS and VXZ?
On 3 years of weekly data the HIMS/VXZ correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.20) than the 3-year average (-0.31). The 5-year figure is -0.29, and annualized covariance runs at -773.4 %².
Among the 14 assets we track against HIMS, VXZ sits near the bottom by co-movement, at rank #13. The trailing year gives VXZ the advantage: -28.1% versus -16.1%, a 12.0-point spread. One caveat on sizing: HIMS is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VXZ: side by side
| HIMS (Hims & Hers Health, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -28.1% | -16.1% |
| 5-year return | +295.7% | -53.1% |
| Volatility (ann.) | 97.5% | 25.6% |
| Beta vs S&P 500 | 2.54 | -1.31 |
| Max drawdown (3Y) | -78.9% | -36.4% |
| Market cap | $7.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HIMS | VXZ |
|---|---|---|
| 2022 | -2.1% | +0.5% |
| 2023 | +38.8% | -44.0% |
| 2024 | +171.7% | -12.7% |
| 2025 | +34.3% | +5.7% |
| 2026 | -2.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIMS and VXZ good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HIMS and VXZ?
The HIMS/VXZ correlation stands at -0.31 on a 3-year window (1 year: -0.20, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for HIMS?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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
$ curl https://www.pairbook.io/api/v1/pairs/hims-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hims-vs-vxz/)
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Related comparisons
Hubs: HIMS correlations · VXZ correlations
