Tom Adebahr / Insights / Buy the Dip

Buy the dip: VO₂max down 21 %, age group #8 at HYROX Hamburg

Six months of training for 1:10 to 1:12. Then infections, Covid and my worst fitness in a long time, right before my first HYROX Single. I raced anyway. Here are all the numbers, the good ones and the embarrassing ones, and what I take from them for training and for work.

Tom Adebahr Tom Adebahr Sport & Leadership 8 min read November 2026
TL;DR
  • VO₂max down 21 %: from 56.6 in early September to 44.5 on race day, after several infections and one round of Covid.
  • Target 1:10–1:12, result 1:21:19: #8 in Men 45–49, 113th of 429, top 26 %.
  • Where the time went: 9:19 over plan, 3:31 of it in the wall balls alone and 1:11 in the last run. Sled pull, on the other hand: 14th of 429.
  • Consistency is the position, fitness is the price. Prices move, positions you hold. In sport and in business.
Term: buy the dip

In investing: buying more when the price drops temporarily, because you believe in the long-term value. Applied to training: not bailing out in a slump, but keep buying the one thing that has always paid off long term, which is consistency.

The chart you don’t want to see before coffee

Weekly VO₂max 2026 with a peak in early September, a drop from infections and HYROX Hamburg on Oct 28 with age group #8
Weekly VO₂max from Apple Health, analysed in my own tracker.

From April to early September it only went one way. My VO₂max, the amount of oxygen the body can use under load, climbed from just over 52 to 56.6 as a weekly average. Year high, and it felt like it.

Then autumn arrived. An infection, shortly after another one, Covid on top. From mid-September the curve dropped week after week: 55.2, 51.9, 51.3, 48.3, 46.5. On race day, October 28, my watch said 44.5. Down 21 percent in eight weeks.

I have a portfolio. I know charts like this. And I know the reflex that comes with them: sell, get out, wait until it looks better. Any sensible fund manager would have closed the position.

I bought more.

The plan: 1:10 to 1:12

Hamburg was going to be my first HYROX Single. Before that I had done three Doubles: Hamburg 2024 in 1:16:03, Cologne 2026 in 1:16:13, Berlin 2026 in 1:20:30. In Doubles you share the stations, but you run all eight runs yourself. In a Single you do everything alone.

Back in June I worked out the plan in my own training app. 1:12 means roughly 37:00 running, 28:35 on the stations and 6:25 in the Roxzone, the transitions between runs and stations. For the eight kilometres that is a pace of about 4:37 per km, under load, not fresh on a track. On a good day, 1:10 was possible.

The analysis was already clear back then: my biggest lever is running under fatigue. In Berlin I blasted out of Run 1 in 3:40 and fell apart in Run 8 with 6:42. In Cologne I started controlled and finished strong. Even beats fast. That was the mantra for the summer.

What I bought: consistency

Buying the dip sounds brave. In practice it is pretty unspectacular. You just keep going, adjusted. For me that meant:

📉
No panic selling
No “I’ll just skip two weeks” because the watch is complaining. When sick, rest. When healthy again, back in, even if the numbers still look ugly.
❤️
Heart rate over ego
Easy still counts. The sessions after the infections were run by heart rate, not by pace. It feels slow and that is exactly right.
🔁
Show up
23 sessions and just over 14 hours in the last four weeks. Not pretty, not fast, but done. Consistency beats intensity, especially when the form is gone.

For the race itself I made a simple plan: don’t run against the clock, run against the heart rate. The first two runs deliberately too slow. Use the stations to get control back, not to win time. Goal: finish, with something left. No Claude, no MCP, no automation. Just me and the focus inward.

Race day in numbers

Tom Adebahr on the sled push, HYROX Hamburg 2026
Sled push at HYROX Hamburg, October 28, 2026. 152 kg, 50 metres, 3:10.

1:21:19. 8th in my age group Men 45–49, 113th of 429 overall, top 26 %. That is my best result relative to the field, with my worst fitness in a long time. And it is 9:19 over plan. Both are true at the same time.

Here is every segment, plan against actual. The rank is out of all 429 athletes in my heat:

SegmentPlanActualΔRank
Run 14:004:29+0:29161
SkiErg4:254:30+0:05204
Run 24:254:52+0:27143
Sled push2:203:10+0:50141
Run 34:354:56+0:2196
Sled pull3:453:09−0:3614
Run 44:355:08+0:33134
Burpee broad jumps3:454:47+1:02104
Run 54:405:13+0:33114
Row4:204:41+0:21143
Run 64:455:05+0:20111
Farmers carry1:501:50±0:0072
Run 74:505:12+0:22142
Sandbag lunges3:354:21+0:4661
Run 85:106:21+1:11288
Wall balls4:358:06+3:31238
Roxzone6:255:32−0:5372
Total1:12:001:21:19+9:19113

What went well

Sled pull: 3:09, 14th of 429, 36 seconds faster than planned. The summer with heavy sleds paid off. Roxzone: 5:32, 53 seconds under plan. Calm, quick transitions are free time. Farmers carry exactly on plan. And the pacing over the first seven runs was as even as never before: between 4:29 and 5:13, no blow-up at the start.

What hurt

Wall balls: 8:06 instead of 4:35. 3:31 lost at a single station, rank 238. Let’s not talk about it. Well, let’s: Run 8 was 82 seconds slower than my average before it. After the lunges I was 69th, at the finish 113th. The last two segments cost me 44 places.

My honest read: this is not a strength problem and not a willpower problem, it is an empty tank. Less base after weeks of infections, plus no proper fuelling during the race. That is exactly where a VO₂max of 44.5 shows up, not at the start, but at the end.

Bottom line: running 41:13 instead of 37:00, stations 34:34 instead of 28:35, Roxzone 5:32 instead of 6:25. The gap to 1:12 sits almost entirely in running under fatigue and in the last station. Exactly where it already was in June.

Price and position, in business too

At work I have known for a long time that you can’t control the market, only your own execution. A pipeline has bad quarters. A team has phases where nothing clicks. If you switch strategy every time, you sell at the bottom and buy at the top.

Fitness is the price. It moves, sometimes because of infections, sometimes because of sleep, sometimes for no reason. Consistency is the position. You hold it, especially when the price runs against you. The result on October 28 doesn’t prove the dip didn’t matter. It proves the position was big enough beforehand to get through it.

Just as important as holding is an honest post-mortem. All the numbers, including the embarrassing ones. If you only show the ranking, you learn nothing from the wall balls.

Fitness is the price. Consistency is the position. Prices move. Positions you hold.

Tom Adebahr, November 2026

Price target unchanged: 1:10 to 1:12

The target stays, the path gets more specific. Three things are set for next season:

  • Train race pace under load. In June my training log showed only 3 of 32 runs anywhere near race pace. More compromised runs: run, station, run.
  • Wall balls under fatigue. 100 reps fresh are something else than 100 after 70 minutes. They now go at the end of sessions, not at the beginning.
  • Fuelling as part of the plan. A gel before the start, one around Run 4, a caffeine gel around Run 6. Test it in training, not on race day.

Not financial advice. Training advice at best. And barely that ;-)

LinkedIn post, November 2026
Buy the dip. Just with a heart rate monitor. VO₂max in early September: 56.6. Then an infection, another one, Covid on top. Race day: 44.5. I had trained for 1:10 to 1:12, I got 1:21:19 and #8 in my age group. Fitness is the price. Consistency is the position.
Follow Tom on LinkedIn
Tom Adebahr – CRO und KI-Praktiker
Tom Adebahr
Chief Revenue Officer & B2B SaaS Advisor
20+ years of revenue leadership experience at XING, Statista and DOCUFY. Uses AI operationally every day — and thinks openly about what it does to us as thinkers.

FAQ: buying the dip in training

What does “buy the dip” mean outside investing?
Not bailing out in a slump, but sticking to what works long term. In training that is consistency at adjusted intensity, in business a strategy you don’t throw overboard after every bad quarter.
How much does a VO₂max drop affect a HYROX result?
For me it was one data point, not a study: VO₂max down 21 %, 9:19 over plan. The first seven runs were still decent, the drop came in Run 8 and the wall balls. Less base shows mostly at the end of the race.
What is the biggest lever from 1:21 to 1:12?
Running under fatigue: 4:13 of the 9:19 were in the runs. Plus the wall balls with 3:31. Stations like sled pull and farmers carry were already on or under plan.

Ever bought the dip?

In sport or at work: I’d love to hear your story. And if you are planning a HYROX in 2027 too, get in touch.

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