Himalaya Shipping (HSHP)
Market Price (3/4/2026): $14.46 | Market Cap: $673.1 MilSector: Industrials | Industry: Marine Transportation
Himalaya Shipping (HSHP)
Market Price (3/4/2026): $14.46Market Cap: $673.1 MilSector: IndustrialsIndustry: Marine Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 47% | Trading close to highsDist 52W High is -1.7%, Dist 3Y High is -1.7% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 99% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 128x | |
| Attractive yieldDividend Yield is 3.0%, FCF Yield is 5.6% | Stock price has recently run up significantly6M Rtn6 month market price return is 105%, 12M Rtn12 month market price return is 198% | |
| Low stock price volatilityVol 12M is 40% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -3.3% | |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, and Future of Freight. Themes include Low-Emission Maritime Transport, and Advanced Maritime Logistics. | Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 78% | |
| Key risksHSHP key risks include [1] a highly leveraged balance sheet relative to its peers and [2] substantial and increasing fleet exposure to the volatile spot market. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 47% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% |
| Attractive yieldDividend Yield is 3.0%, FCF Yield is 5.6% |
| Low stock price volatilityVol 12M is 40% |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, and Future of Freight. Themes include Low-Emission Maritime Transport, and Advanced Maritime Logistics. |
| Trading close to highsDist 52W High is -1.7%, Dist 3Y High is -1.7% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 99% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 128x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 105%, 12M Rtn12 month market price return is 198% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -3.3% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 78% |
| Key risksHSHP key risks include [1] a highly leveraged balance sheet relative to its peers and [2] substantial and increasing fleet exposure to the volatile spot market. |
Qualitative Assessment
AI Analysis | Feedback
1. Himalaya Shipping reported a significant surge in its Fourth Quarter 2025 financial performance, with net profit soaring to $13.5 million, an increase of over 1,100% from $1.1 million in Q4 2024. Operating revenues for the quarter climbed to $42.1 million, up from $29.6 million in the prior year, and Time Charter Equivalent (TCE) earnings averaged approximately $39,600 per day, representing a 42% increase from Q4 2024 and outperforming the Baltic 5TC Capesize Index average of $28,875 per day.
2. The company benefited from favorable dry bulk shipping market dynamics, characterized by strengthening rates and positive outlooks for Q1 2026. The Baltic Dry Index (BDI) rose significantly, increasing by 71.40% year-over-year and 7.84% over the month leading up to March 2, 2026, reaching 2,187 index points. This market strength was attributed to resilient conditions in late 2025, anticipated increased commodity trade flows driven by positive US-China trade discussions, and longer sailing distances, particularly benefiting the Capesize segment.
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Stock Movement Drivers
Fundamental Drivers
The 65.8% change in HSHP stock from 11/30/2025 to 3/3/2026 was primarily driven by a 65.8% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3032026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.72 | 14.46 | 65.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 119 | 119 | 0.0% |
| Net Income Margin (%) | 4.4% | 4.4% | 0.0% |
| P/E Multiple | 77.0 | 127.7 | 65.8% |
| Shares Outstanding (Mil) | 47 | 47 | 0.0% |
| Cumulative Contribution | 65.8% |
Market Drivers
11/30/2025 to 3/3/2026| Return | Correlation | |
|---|---|---|
| HSHP | 65.8% | |
| Market (SPY) | -0.4% | 8.7% |
| Sector (XLI) | 14.2% | 6.9% |
Fundamental Drivers
The 103.4% change in HSHP stock from 8/31/2025 to 3/3/2026 was primarily driven by a 145.9% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3032026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.11 | 14.46 | 103.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 121 | 119 | -1.1% |
| Net Income Margin (%) | 5.3% | 4.4% | -16.4% |
| P/E Multiple | 51.9 | 127.7 | 145.9% |
| Shares Outstanding (Mil) | 47 | 47 | 0.0% |
| Cumulative Contribution | 103.4% |
Market Drivers
8/31/2025 to 3/3/2026| Return | Correlation | |
|---|---|---|
| HSHP | 103.4% | |
| Market (SPY) | 5.8% | 13.6% |
| Sector (XLI) | 15.9% | 4.7% |
Fundamental Drivers
The 191.5% change in HSHP stock from 2/28/2025 to 3/3/2026 was primarily driven by a 1342.8% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3032026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.96 | 14.46 | 191.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 112 | 119 | 6.3% |
| Net Income Margin (%) | 21.9% | 4.4% | -79.8% |
| P/E Multiple | 8.9 | 127.7 | 1342.8% |
| Shares Outstanding (Mil) | 44 | 47 | -5.7% |
| Cumulative Contribution | 191.5% |
Market Drivers
2/28/2025 to 3/3/2026| Return | Correlation | |
|---|---|---|
| HSHP | 191.5% | |
| Market (SPY) | 15.5% | 36.2% |
| Sector (XLI) | 30.0% | 31.7% |
Fundamental Drivers
The 242.2% change in HSHP stock from 2/28/2023 to 3/3/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3032026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.23 | 14.46 | 242.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 119 | 0.0% |
| Net Income Margin (%) | � | 4.4% | 0.0% |
| P/E Multiple | � | 127.7 | 0.0% |
| Shares Outstanding (Mil) | 32 | 47 | -30.9% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2023 to 3/3/2026| Return | Correlation | |
|---|---|---|
| HSHP | 242.2% | |
| Market (SPY) | 78.1% | 26.6% |
| Sector (XLI) | 81.3% | 26.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HSHP Return | - | -2% | 37% | -24% | 102% | 63% | 238% |
| Peers Return | 156% | -4% | 29% | -7% | 40% | 36% | 463% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| HSHP Win Rate | - | 0% | 50% | 33% | 67% | 67% | |
| Peers Win Rate | 67% | 54% | 58% | 62% | 54% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| HSHP Max Drawdown | - | -2% | -11% | -28% | -8% | -4% | |
| Peers Max Drawdown | 0% | -25% | -10% | -9% | -15% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GNK, SB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/3/2026 (YTD)
How Low Can It Go
| Event | HSHP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -30.6% | -25.4% |
| % Gain to Breakeven | 44.1% | 34.1% |
| Time to Breakeven | 38 days | 464 days |
Compare to GNK, SB
In The Past
Himalaya Shipping's stock fell -30.6% during the 2022 Inflation Shock from a high on 6/23/2023. A -30.6% loss requires a 44.1% gain to breakeven.
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About Himalaya Shipping (HSHP)
AI Analysis | Feedback
1. Like Maersk, but for bulk commodities (iron ore, coal) instead of containerized products.
2. Consider it the Union Pacific of the oceans, moving vast amounts of raw materials around the world.
AI Analysis | Feedback
```html- Dry Bulk Vessel Chartering Services: Himalaya Shipping provides maritime transportation services by leasing out its fleet of new generation dual-fuel Newcastlemax vessels to customers for the global shipment of major dry bulk commodities.
AI Analysis | Feedback
Himalaya Shipping (HSHP) sells its services primarily to other companies, not individuals. As a dry bulk shipping company, HSHP charters its Capesize vessels to transport major dry bulk commodities such as iron ore, coal, and grain across global trade routes.
The company typically enters into charter agreements with major participants in the global commodities and industrial sectors. Due to the competitive nature of the shipping industry and the often short-to-medium term duration of charters, shipping companies like HSHP do not usually publicly disclose all their specific customer names. However, their major customers fall into the following categories:
- Large Commodity Trading Houses: These companies specialize in buying, selling, and transporting vast quantities of raw materials globally. While many are private (e.g., Cargill, Trafigura), some major public players in the broader commodity space that might utilize such shipping services include:
- Glencore plc (OTCMKTS: GLNCY) - A diversified natural resource company and commodity trader.
- Major Mining Companies: Global mining giants that produce iron ore, coal, and other bulk minerals often require extensive shipping services to transport their products from mines to processing plants or end-users worldwide. Examples of such public companies include:
- Rio Tinto Group (NYSE: RIO) - A leading global mining group, producing iron ore, aluminum, copper, and diamonds.
- BHP Group (NYSE: BHP) - A world-leading resources company, primarily producing iron ore, copper, petroleum, and coal.
- Vale S.A. (NYSE: VALE) - One of the largest producers of iron ore and nickel in the world.
- Large Industrial End-Users: Companies in sectors like steel production, power generation (for coal), and other heavy industries that require a steady supply of raw materials also charter vessels directly or through intermediaries. These are typically large, often multinational corporations.
AI Analysis | Feedback
Himalaya Shipping's major suppliers include:
- New Times Shipbuilding Co., Ltd. (private company)
- Wilhelmsen Ship Management AS (parent company Wilh. Wilhelmsen Holding ASA: OSE: WWL)
- Ship Finance International Limited (NYSE: SFL)
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Lars-Christian Svensen, Chief Executive Officer
Mr. Svensen commenced his role as Contracted Chief Executive Officer of Himalaya Shipping Ltd. on April 1, 2025. He has a 17-year career in international shipping, having worked as a shipbroker for Cmarine Services (2007-2008) and a Project Analyst for Petredec Pte Ltd (2008-2009). From 2009 to 2020, he held various positions within Western Bulk, including Head of Arabian Gulf in Singapore, President in Seattle, US, and Senior Vice President in Oslo. From 2020 to 2024, Mr. Svensen served as CCO and CEO of Golden Ocean Management AS.
Vidar Hasund, Chief Financial Officer
Mr. Hasund was appointed as the Contracted Chief Financial Officer of Himalaya Shipping Ltd. on April 1, 2025. He also continues to serve as the Chief Financial Officer for 2020 Bulkers Ltd.
Herman Billung, Senior Advisor to the Board
Mr. Billung stepped down as Chief Executive Officer for Himalaya Shipping Ltd. on April 1, 2025, and now serves as a Senior Advisor to the Board. He has extensive experience in shipping, holding senior roles in chartering and management. His previous positions include Managing Director at T. Klaveness Group (1998-2005), Managing Director of Frapaco Shipping, and CEO of Golden Ocean Management (2005-2016). Mr. Billung also established Songa Bulk in 2016, which was subsequently sold to Star Bulk Carriers Corp. in 2018, where he then served as Senior Vice President.
Alfi Lao, Chief Accounting Officer
Ms. Lao joined Himalaya Shipping Ltd. as Chief Accounting Officer in April 2023. She possesses over 10 years of accounting experience in the shipping industry, having worked in various accounting roles at Golar LNG Limited and Golar LNG Partners LP from 2012 to 2023. Prior to Golar, she was employed at Ernst & Young London (2006-2012) and KPMG Philippines (2002-2006). She is a Certified Public Accountant.
AI Analysis | Feedback
Here are the key risks to Himalaya Shipping (HSHP):
- High Debt and Interest Expense: Himalaya Shipping carries a significant amount of debt, leading to substantial interest expenses that can strain profitability. The company is noted to have one of the most leveraged balance sheets within its peer group. This high debt level, combined with unpredictable earnings, raises concerns about its valuation.
- Volatile Earnings due to High Spot Exposure: The majority of Himalaya Shipping's vessels operate on index-linked charters, resulting in high spot market exposure. As of Q3 2025, approximately 83.33% of its fleet had spot exposure, which is projected to increase to 100% in 2026. This substantial exposure to the spot market makes the company's earnings highly volatile and dependent on fluctuating dry bulk charter rates.
- Dependence on China's Industrial Sector and Iron Ore Demand: The capesize shipping market, where Himalaya Shipping primarily operates, is strongly linked to China's demand for iron ore and its broader industrial output. Consequently, the company's performance and profitability are significantly exposed to the resilience and stability of China's industrial sector.
AI Analysis | Feedback
The rapid acceleration in the development and widespread adoption of zero-emission fuels, such as green ammonia, green methanol, or hydrogen, could emerge as a clear threat. While Himalaya Shipping has invested in modern, LNG dual-fuel vessels to meet current and near-term environmental regulations and reduce emissions, LNG is widely considered a transitional fuel. Should technological advancements, cost reductions, and stricter regulatory mandates push the shipping industry to fully embrace and implement these truly zero-emission alternative fuels and their bunkering infrastructure much sooner than currently projected, it could diminish the competitive advantage and economic lifespan of HSHP's LNG-fueled fleet. This scenario could lead to increased operational costs, higher carbon taxes, or the necessity for costly early retrofits or replacements to remain competitive, analogous to a swift technological shift rendering a previous generation of advanced technology less desirable or obsolete.
AI Analysis | Feedback
Himalaya Shipping (symbol: HSHP) specializes in providing worldwide dry bulk shipping services. The company transports commodities such as coal, iron ore, and grain, utilizing a fleet of Newcastlemax dry bulk vessels. Newcastlemax vessels are a type of Capesize vessel, which held the largest market share in the global dry bulk shipping market in 2024.
The addressable market for Himalaya Shipping's services is the global dry bulk shipping market. This market was valued at approximately USD 142.8 billion in 2024 and is projected to reach USD 198.7 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.4%.
AI Analysis | Feedback
Himalaya Shipping (HSHP) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors:
- Favorable Supply-Side Dynamics in the Capesize Market: The market for Capesize vessels is characterized by a historically low order book, which stood at 8.9% of the existing fleet in August 2025 and 7.2% in December 2024. This limited supply of new vessels, combined with reduced shipyard capacity and a significant portion of the global Capesize fleet requiring drydocking in 2025, is anticipated to lead to higher vessel utilization and improved charter rates.
- Increasing Ton-Mile Demand from New Iron Ore Projects: Future demand in the Capesize sector is expected to be positively influenced by major iron ore projects. The Simandou Project in Guinea is projected to begin exports in late 2025, with an annual target of 120 million tons, alongside increased production from Brazil. These developments are set to significantly boost iron ore ton-mile demand, directly benefiting Himalaya Shipping's Capesize fleet.
- Premium Earnings from a Modern and Efficient Fleet: Himalaya Shipping operates a fleet of 12 new Newcastlemax dry bulk vessels, all delivered between 2023 and 2024. These vessels are dual-fuel LNG capable and scrubber-outfitted, contributing to lower operating expenses and higher time charter equivalent (TCE) rates. The company has consistently achieved a significant premium over the Baltic 5TC Capesize Index, for example, a 49% premium over the Baltic TC5 Index and a 25% premium over peers. This superior performance, driven by the fleet's efficiency and design, is a direct contributor to enhanced revenue per vessel.
- Flexible Charter Strategy to Capture Market Upside: Himalaya Shipping employs a flexible charter strategy, utilizing both index-linked and fixed-rate time charters. Management has expressed confidence in the Capesize market for 2026 and 2027 and plans for 100% spot exposure from 2026 to capitalize on anticipated market upsides. This approach allows the company to benefit from potentially higher spot rates, converting to fixed rates when attractive values emerge on the forward curve.
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Share Issuance
- Himalaya Shipping completed its initial public offering (IPO) in the U.S. in April 2023, issuing 7,720,000 common shares at $5.80 per share, with net proceeds of approximately $40.5 million.
- In December 2023, the company completed a private placement of 3,117,143 shares, raising approximately $17.5 million, which increased its issued share capital to $43,900,000.
- A private placement completed in March 2025 resulted in the issuance of 2,650,000 new shares, raising approximately $15 million (NOK equivalent).
Inbound Investments
- A high-quality strategic investor subscribed for the NOK equivalent of $10 million in the March 2025 private placement.
Outbound Investments
- Himalaya Shipping acquired 40% of 2020 Bulkers Management AS for approximately $0.3 million.
Capital Expenditures
- The primary focus of capital expenditures has been the construction of 12 dual-fueled Newcastlemax dry bulk vessels.
- As of December 31, 2023, six vessels were in operation, with the remaining six expected to be delivered by the second quarter of 2024. All 12 ships were delivered by June 2024.
- As of the fourth quarter of 2023, the total remaining shipyard capital expenditure (including scrubbers) was $306.0 million.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Himalaya Shipping Stock Pre-Market (+9.3%) : Analyst Revenue Upgrades | 02/21/2026 | |
| How Low Can Himalaya Shipping Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to HSHP.
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|---|---|---|---|---|---|---|---|
| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 14.46 |
| Mkt Cap | 0.7 |
| Rev LTM | 275 |
| Op Inc LTM | 56 |
| FCF LTM | 37 |
| FCF 3Y Avg | 2 |
| CFO LTM | 37 |
| CFO 3Y Avg | 84 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -13.7% |
| Rev Chg 3Y Avg | -9.9% |
| Rev Chg Q | -3.3% |
| QoQ Delta Rev Chg LTM | -1.0% |
| Op Mgn LTM | 26.0% |
| Op Mgn 3Y Avg | 32.8% |
| QoQ Delta Op Mgn LTM | -0.8% |
| CFO/Rev LTM | 31.4% |
| CFO/Rev 3Y Avg | 21.7% |
| FCF/Rev LTM | 31.3% |
| FCF/Rev 3Y Avg | -0.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.7 |
| P/S | 3.1 |
| P/EBIT | 11.8 |
| P/E | 14.6 |
| P/CFO | 18.0 |
| Total Yield | 3.8% |
| Dividend Yield | 3.0% |
| FCF Yield 3Y Avg | 1.3% |
| D/E | 0.8 |
| Net D/E | 0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 15.8% |
| 3M Rtn | 27.2% |
| 6M Rtn | 56.3% |
| 12M Rtn | 85.4% |
| 3Y Rtn | 100.6% |
| 1M Excs Rtn | 17.5% |
| 3M Excs Rtn | 27.2% |
| 6M Excs Rtn | 51.5% |
| 12M Excs Rtn | 71.0% |
| 3Y Excs Rtn | 38.9% |
Price Behavior
| Market Price | $14.46 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 10/25/2022 | |
| Distance from 52W High | -1.7% | |
| 50 Days | 200 Days | |
| DMA Price | $10.55 | $7.97 |
| DMA Trend | up | up |
| Distance from DMA | 37.1% | 81.4% |
| 3M | 1YR | |
| Volatility | 42.2% | 40.4% |
| Downside Capture | -174.01 | 12.32 |
| Upside Capture | 127.06 | 121.18 |
| Correlation (SPY) | 8.0% | 36.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.36 | 0.36 | 0.28 | 0.45 | 0.76 | 0.78 |
| Up Beta | -1.10 | 0.79 | 1.16 | 1.50 | 0.57 | 0.61 |
| Down Beta | 4.83 | 0.98 | 0.95 | 0.29 | 1.15 | 0.94 |
| Up Capture | 416% | 226% | 148% | 138% | 141% | 93% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 14 | 27 | 37 | 71 | 144 | 374 |
| Down Capture | -223% | -281% | -251% | -103% | 20% | 86% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 7 | 13 | 22 | 50 | 102 | 337 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HSHP | |
|---|---|---|---|---|
| HSHP | 192.8% | 40.4% | 2.75 | - |
| Sector ETF (XLI) | 30.1% | 19.2% | 1.24 | 31.7% |
| Equity (SPY) | 15.6% | 19.3% | 0.63 | 36.2% |
| Gold (GLD) | 79.3% | 26.1% | 2.22 | 1.0% |
| Commodities (DBC) | 17.8% | 17.1% | 0.80 | 19.6% |
| Real Estate (VNQ) | 5.6% | 16.6% | 0.16 | 30.7% |
| Bitcoin (BTCUSD) | -18.7% | 45.2% | -0.32 | 19.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HSHP | |
|---|---|---|---|---|
| HSHP | 23.9% | 44.2% | 0.96 | - |
| Sector ETF (XLI) | 15.1% | 17.2% | 0.71 | 26.2% |
| Equity (SPY) | 13.2% | 17.0% | 0.61 | 26.6% |
| Gold (GLD) | 22.8% | 17.3% | 1.08 | 8.1% |
| Commodities (DBC) | 10.8% | 19.0% | 0.46 | 23.9% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 15.9% |
| Bitcoin (BTCUSD) | 6.7% | 56.8% | 0.34 | 4.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HSHP | |
|---|---|---|---|---|
| HSHP | 11.3% | 44.2% | 0.96 | - |
| Sector ETF (XLI) | 15.0% | 19.8% | 0.67 | 26.2% |
| Equity (SPY) | 15.3% | 17.9% | 0.74 | 26.6% |
| Gold (GLD) | 14.9% | 15.6% | 0.80 | 8.1% |
| Commodities (DBC) | 9.1% | 17.6% | 0.43 | 23.9% |
| Real Estate (VNQ) | 6.5% | 20.7% | 0.28 | 15.9% |
| Bitcoin (BTCUSD) | 66.5% | 66.8% | 1.06 | 4.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
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