HNGE vs SPY
Comparison between Hinge Health Inc - Class A (HNGE, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
HNGE vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
HNGE
$6.74B
Winner
SPY
$781B
Expense Ratio
HNGE
N/A
SPY
0.09%
Max Drawdown
Winner
HNGE
48.52%
SPY
56.47%
Sharpe Ratio
HNGE
1.28
Winner
SPY
1.35
5Y Beta
HNGE
1.29
Winner
SPY
1.00
Industry
HNGE
Health Information Services
SPY
N/A
P/E Ratio
Winner
HNGE
-7.42
SPY
29.13
Forward P/E
HNGE
37.59
Winner
SPY
21.48
5Y Dividends CAGR
HNGE
N/A
SPY
6.00%
5Y EPS CAGR
HNGE
N/A
SPY
25.27%
Debt to Equity
Winner
HNGE
0.00%
SPY
31.47%
Free Cash Flow Yield
HNGE
3.10%
SPY
N/A
P/S Ratio
HNGE
10.27
Winner
SPY
3.87
P/B Ratio
HNGE
61.88
Winner
SPY
5.70
HNGE vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HNGE
+26.87%
SPY
+0.31%
3M
Winner
HNGE
+100.44%
SPY
+7.26%
6M
Winner
HNGE
+98.55%
SPY
+9.12%
1Y
Winner
HNGE
+83.24%
SPY
+21.59%
5Y(CAGR)
HNGE
N/A
SPY
+13.25%
10Y(CAGR)
HNGE
N/A
SPY
+15.11%
Max(CAGR)
Winner
HNGE
+105.59%
SPY
+8.51%
HNGE vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HNGE | SPY |
|---|---|---|
| 2026 | +88.83% | +10.47% |
| 2025 | +23.67% | +18.00% |
| 2024 | N/A | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
HNGE vs SPY Drawdown Comparison
The maximum drawdown for HNGE was -48.52%, occurring on Feb 6, 2026. Recovery took 205 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HNGE drawdown is -4.41%. The current SPY drawdown is -0.91%.
| Rank | HNGE | SPY |
|---|---|---|
| #1 | -48.52% Aug 6, 2025 - Jun 1, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -17.28% May 27, 2025 - Jun 23, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -16.77% Jun 30, 2025 - Aug 6, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -5.09% Jun 24, 2025 - Jun 30, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -4.72% Jul 13, 2026 - Jul 15, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -4.01% Jun 1, 2026 - Jun 4, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -2.45% Jun 5, 2026 - Jun 11, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -1.92% Jun 15, 2026 - Jun 18, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -1.25% Jul 9, 2026 - Jul 13, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -1.20% Jul 1, 2026 - Jul 6, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -0.90% Jul 7, 2026 - Jul 9, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -0.82% Jun 18, 2026 - Jun 23, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HNGE and SPY is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.60
-101
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