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Stock · Trading days

Hims & Hers Health (HIMS)

Hims & Hers Health's returns, drawdowns, and beta to S&P 500, in one view.

Last updated:

Gale Finance Team
Written by Gale Finance Team
Sid Kalla
Reviewed by Sid Kalla CFA Charterholder
Quick Answer

What is Hims & Hers Health's risk, return, and volatility like?

Hims & Hers Health returned -54.7% over the 1Y window. On the Since inception lens, Sharpe ratio is 0.43, annualized volatility is 101.3%, and max drawdown is -78.1%.

Total Return
1Y -54.7%
Since inception -3.1%
Sharpe Ratio
1Y -0.37
Since inception 0.43
Annualized Volatility
1Y 97.9%
Since inception 101.3%
Max Drawdown
1Y -78.1%
Since inception -78.1%

Trade HIMS

Access this asset on trusted platforms.

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Affiliate disclosure

Price history

Hims & Hers Health price since inception

Track Hims & Hers Health's standalone price path with macro and asset-specific events enabled by default.

Hims & Hers Health price since inception

HIMS
7 events in this period
Show events
Latest close $25.03 Data through 2026-05-12
Since inception low $14.52 Window low
Since inception high $66.18 Window high

Key takeaways

  • Total Return: HIMS returned -54.7% over the 1Y window and -3.1% over the Since inception window ; annualized return over Since inception was -3.0%.
  • Risk-adjusted return: Sharpe was 0.43 and Sortino was 0.68 over Since inception. Sharpe counts total volatility; Sortino focuses on downside volatility.
  • Volatility & drawdown: Annualized volatility was 97.9% over 1Y and 101.3% over Since inception ; max drawdown was -78.1% over 1Y and -78.1% over Since inception .
  • Tail risk (Expected Shortfall): Over Since inception, daily VaR (5%) was -7.7% and Expected Shortfall was -13.3%. VaR is the cutoff; Expected Shortfall is the average move inside the worst 5% of daily returns.
  • Skew & kurtosis: Over Since inception, skew was -0.28 and excess kurtosis was 10.18. Skew shows return asymmetry; excess kurtosis shows how fat the tails were versus a Normal distribution.
  • Risk ratios: Sortino Ratio: 0.68 , Calmar Ratio: -0.04 , Sterling Ratio: -0.13 , Treynor Ratio: 0.18 , Ulcer Index: 43.46% .

Hims & Hers Health Drawdown

HIMS 1Y Max Drawdown
↓ -78.1%
2025-07-31 to 2026-02-27
HIMS Since inception Max Drawdown
↓ -78.1%
2025-07-31 to 2026-02-27

Max drawdown shows the deepest peak-to-trough decline Hims & Hers Health suffered in each research window. 1Y: -78.1%; Since inception: -78.1%.

Hims & Hers Health is currently -62.2% below its prior peak, with the high-water mark at $66.18. Since inception low is $14.52.

HIMS underwater plot (Since inception). Zero means at a prior peak; dips show how far below peak the close was on each day. Deepest trough: -78.1% on Feb 27, 2026.
-78.1% 2025-04-21 2026-05-12 0% -78%

Since inception drawdown episodes

#1
-78.1% Jul 31, 2025 to Feb 27, 2026
Not yet recovered 285 total days
#2
-36.0% May 16, 2025 to Jun 25, 2025
Recovered Jul 30, 2025 75 total days
#3
-8.5% May 13, 2025 to May 15, 2025
Recovered May 16, 2025 3 total days

Hims & Hers Health Volatility

HIMS 1Y Volatility
97.9%
Annualized daily closes
HIMS Since inception Volatility
101.3%
Annualized daily closes

Volatility Hims & Hers Health's annualized volatility shows how widely daily closes moved over 1Y and Since inception. Higher values mean a noisier path, not automatically a better or worse investment. 1Y: 97.9%; Since inception: 101.3%.

Benchmark context

Where HIMS fits relative to other lenses

Benchmark links are secondary on this page. Use them when you want to place the asset against a specific market, factor, or historical counterpart.

Default benchmark

S&P 500

SPY

Broad equity benchmark

1Y return
↑ +26.9%
HIMS minus SPY
↓ -87.8%
Correlation
0.34
1Y
HIMS vs SPY average correlation
Moderately linked
0.34
QQQ

Nasdaq 100

Corr 0.36

Growth and tech benchmark

1Y return +37.7%
HIMS minus QQQ -98.5%
BTC

Bitcoin

Corr 0.23

Cross-asset crypto benchmark

1Y return -22.0%
HIMS minus BTC -38.9%
XAU

Gold

Corr 0.11

Store-of-value benchmark

1Y return +45.1%
HIMS minus XAU -106.0%

Risk-adjusted ratios

These ratios compare return against different definitions of risk: total volatility, downside volatility, drawdowns, benchmark beta, and time spent underwater.

Hims & Hers Health Sharpe Ratio

HIMS 1Y Sharpe ratio
↓ -0.37
Recent window
HIMS Since inception Sharpe ratio
↑ 0.43
Deeper research window

HIMS Sharpe Ratio (Since inception)

Return per total volatility

The dot sits at (Hims & Hers Health's annualized volatility, its excess annualized return). The slope from the origin to the dot is the Sharpe ratio — steeper means the asset converted risk into return more efficiently.

Higher is better
Excess return Annualized volatility 0 125% vol 101.3% · excess +43.3%
excess annualized return / total volatility
Formula Sharpe=E[R]−RfσR\displaystyle \mathrm{Sharpe} = \frac{\mathbb{E}[R] - R_f}{\sigma_R}

Sharpe ratio Hims & Hers Health's Sharpe ratio measures excess return per unit of total volatility. Higher readings mean the asset converted risk into return more efficiently over the same window. 1Y: -0.37; Since inception: 0.43.

A Sharpe above 1.0 is generally considered good, above 2.0 is excellent. Negative Sharpe means the asset underperformed the risk-free rate. Calculated on each asset's full 365-day lookback of available prices and annualized using the asset calendar (365 for crypto, 252 trading days for equities/ETFs/metals).

Hims & Hers Health Sortino Ratio

HIMS 1Y Sortino ratio
↓ -0.55
Recent window
HIMS Since inception Sortino ratio
↑ 0.68
Deeper research window

HIMS Sortino Ratio (Since inception)

Return per downside volatility

Hims & Hers Health's daily-return distribution over the long window. Days left of the target line are the only ones Sortino penalizes in the denominator — so a distribution with a fat left tail produces a smaller Sortino even at the same mean return.

Higher is better
Frequency (days) Daily return (%) target -37.6% +43.8% 53 0
excess annualized return / downside volatility
Formula Sortino=E[R]−Rfσdown\displaystyle \mathrm{Sortino} = \frac{\mathbb{E}[R] - R_f}{\sigma_{\mathrm{down}}}

Sortino ratio Hims & Hers Health's Sortino ratio isolates downside volatility instead of all volatility. It is the cleaner lens when you care more about bad downside moves than upside noise. 1Y: -0.55; Since inception: 0.68.

A higher Sortino is better. It's useful when upside volatility is common (crypto is the obvious example). Calculated on each asset's full 365-day lookback of available prices, using the daily risk-free rate as the target return, and annualized using the asset calendar (365 for crypto, 252 trading days for equities/ETFs/metals).

Hims & Hers Health Calmar Ratio

HIMS 1Y Calmar ratio
↓ -0.70
Recent window
HIMS Since inception Calmar ratio
↓ -0.04
Deeper research window

HIMS Calmar Ratio (Since inception)

CAGR per worst drawdown

Hims & Hers Health's CAGR bar sits above zero, the max drawdown bar sits below. Calmar is the ratio of those two magnitudes — a shallow drawdown bar with a tall CAGR bar produces a strong Calmar.

Higher is better
0% HIMS Since inception -3.0% -78.1%
CAGR / max drawdown
Formula Calmar=CAGR∣MaxDD∣\displaystyle \mathrm{Calmar} = \frac{\mathrm{CAGR}}{|\mathrm{MaxDD}|}

Calmar ratio Hims & Hers Health's Calmar ratio measures return per unit of max drawdown. It is useful when the path of losses matters as much as the final return. 1Y: -0.70; Since inception: -0.04.

Calmar is computed on each asset's full 365-day lookback and uses the max drawdown over that same window.

Hims & Hers Health Sterling Ratio

HIMS 1Y Sterling ratio
↓ -1.03
Recent window
HIMS Since inception Sterling ratio
↓ -0.13
Deeper research window

HIMS Sterling Ratio (Since inception)

Return per average drawdown

The underwater curve shows Hims & Hers Health's drawdowns over the long window. Sterling averages every event deeper than the 10% threshold instead of taking only the worst one — so an asset with many mid-size drawdowns scores worse here than on Calmar.

Higher is better
0% -20% -41% -61% -82% 10% drawdown threshold
excess CAGR / average deep drawdown
Formula Sterling=CAGR−RfD‾>10%\displaystyle \mathrm{Sterling} = \frac{\mathrm{CAGR} - R_f}{\overline{D}_{>10\%}}

Sterling ratio Hims & Hers Health's Sterling ratio compares return against deep drawdown pressure. It gives a harsher read on assets that compound well but suffer ugly declines along the way. 1Y: -1.03; Since inception: -0.13.

Sterling uses average drawdown events deeper than 10% and subtracts the risk-free rate to report excess return.

Hims & Hers Health Ulcer Index

HIMS 1Y Ulcer Index
44.74
Recent window
HIMS Since inception Ulcer Index
43.46
Deeper research window

HIMS Ulcer Index (Since inception)

Drawdown pain

The underwater curve shows how deep and how long Hims & Hers Health's drawdowns were. Ulcer is the root-mean-square of that curve — both depth and persistence count, so lower is better.

Lower is better
0% -20% -41% -61% -82%
root-mean-square drawdown
Formula UI=E[Dt2]\displaystyle \mathrm{UI} = \sqrt{\mathbb{E}[D_t^2]}

Ulcer Index Hims & Hers Health's Ulcer Index measures both the depth and persistence of drawdowns. Lower is better because it means fewer and shallower underwater periods. 1Y: 44.74; Since inception: 43.46.

Ulcer Index is computed from each asset's drawdown series over the full lookback window.

Hims & Hers Health Treynor Ratio

HIMS 1Y Treynor
↓ -0.14
Beta 2.57 vs SPY
HIMS Since inception Treynor
↑ 0.18
Beta 2.46 vs SPY

HIMS Treynor Ratio (Since inception)

Excess return per beta vs SPY

The line's slope is Hims & Hers Health's beta to SPY — steeper means more market-sensitive. Treynor divides excess return by that slope, so an asset can look efficient with a shallow beta and a small return, or inefficient with a steep beta and a big return.

Higher is better
Asset return Market return 0 0 β 2.46
excess return / market beta
Formula Treynor=E[R]−Rfβ\displaystyle \mathrm{Treynor} = \frac{\mathbb{E}[R] - R_f}{\beta}

Treynor ratio measures excess return per unit of market beta versus SPY. A high Treynor means the asset compensated its market exposure well over this window. A low or negative Treynor means the asset's market risk wasn't rewarded.

Treynor uses beta vs the S&P 500 (SPY) on shared dates and the average 3-month Treasury rate as the risk-free rate.

Hims & Hers Health Tail Risk

Tail-risk stats use daily return distributions rather than simple end-point returns. They show how ugly the left tail has been, how severe the worst 5% of days were, and whether returns were skewed toward outsized upside or downside shocks.

The histogram shows the shape of Hims & Hers Health's daily log returns over the Since inception window. Bars left of the 5% VaR marker are the worst 5% of days; the ES marker is the average loss inside that tail. Skew and excess kurtosis describe whether the distribution is symmetric around zero and whether extreme days are more common than a Normal distribution predicts.

HIMS daily return distribution (Since inception)

HIMS daily return distribution (Since inception)

Log-return histogram with Value-at-Risk and Expected Shortfall markers at the 5% left tail.

Days
HIMS Since inception VaR 5% ES 5% -49.2% 0% +49.2% Daily log return
worst-5% daily return and the average loss inside it
Formula VaR5%=Q0.05(R),ES5%=E[R∣R≤VaR5%]\displaystyle \mathrm{VaR}_{5\%} = Q_{0.05}(R),\quad \mathrm{ES}_{5\%} = \mathbb{E}[R \mid R \le \mathrm{VaR}_{5\%}]
Metric 1YSince inception
VaR (5%) -7.9% Historical daily threshold -7.7% Historical daily threshold
Expected shortfall (5%) -13.7% Beyond the VaR threshold -13.3% Beyond the VaR threshold
Skew -0.45 -0.28
Excess kurtosis 11.64 10.18

Less negative daily VaR and Expected Shortfall values mean the left tail was less violent. Skew and excess kurtosis help distinguish between steady compounding and a path dominated by occasional extreme moves.

Full stats table

Every window-consistent research metric

Each column keeps the same horizon across returns, ratios, drawdowns, and tail-risk metrics.

Metric
1Y Recent window
Since inception Deeper research window
Total return
-54.7%
-3.1%
Annualized return
-54.7%
-3.0%
Volatility
97.9% Annualized daily closes
101.3% Annualized daily closes
Sharpe ratio
-0.37
0.43
Sortino ratio
-0.55
0.68
Calmar ratio
-0.70
-0.04
Sterling ratio
-1.03
-0.13
Ulcer Index
44.74
43.46
Max drawdown
-78.1% 2025-07-31 to 2026-02-27
-78.1% 2025-07-31 to 2026-02-27
VaR (5%)
-7.9% Historical daily threshold
-7.7% Historical daily threshold
Expected shortfall (5%)
-13.7% Beyond the VaR threshold
-13.3% Beyond the VaR threshold
Skew
-0.45
-0.28
Excess kurtosis
11.64
10.18

What viewers usually ask next

What is Hims & Hers Health's Since inception CAGR?

Hims & Hers Health's since inception cagr is -3.0% on Gale using the since-inception window.

What is Hims & Hers Health's 1-year volatility?

Annualized volatility is 97.9% over the past year.

What is Hims & Hers Health's since-inception Sharpe ratio?

Hims & Hers Health's Sharpe ratio is 0.43 using the since-inception window.

What is Hims & Hers Health's since-inception Sortino ratio?

Hims & Hers Health's Sortino ratio is 0.68 using the since-inception window.

What is Hims & Hers Health's since-inception Calmar ratio?

Hims & Hers Health's Calmar ratio is -0.04 using the since-inception window.

What is Hims & Hers Health's since-inception Sterling ratio?

Hims & Hers Health's Sterling ratio is -0.13 using the since-inception window.

What is Hims & Hers Health's since-inception Ulcer Index?

Hims & Hers Health's Ulcer Index is 43.46 using the since-inception window. Lower is better because it means shallower and less persistent drawdowns.

What is Hims & Hers Health's since-inception max drawdown?

Max drawdown is -78.1% over the since-inception window from 2025-07-31 to 2026-02-27.

What is Hims & Hers Health's since-inception daily Value at Risk?

Using historical daily returns, Gale estimates a 5% Value at Risk of -7.67% over the since-inception window.

What is Hims & Hers Health's since-inception Expected Shortfall?

Expected Shortfall is -13.27% over the since-inception window, which captures the average outcome inside the worst 5% of daily returns.

Is Hims & Hers Health still below its all-time high?

Current drawdown is -62.2% versus the all-time high of $66.18 reached on 2025-07-31.

Which benchmark should viewers open first for Hims & Hers Health?

S&P 500 is the default benchmark lens on Gale because it gives the cleanest context for Hims & Hers Health's recent behavior.