APH vs. DOCS

Last updated Jun 4, 2026

APH (Amphenol Corporation) and DOCS (Doximity, Inc.) are both stocks. APH operates in Electronic Components (Technology), while DOCS operates in Health Information Services (Healthcare). Over the past 3 years, APH returned 57.45%/yr vs -13.96%/yr for DOCS. At a 0.27 correlation, their price movements are largely independent.

Performance

APH vs. DOCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amphenol Corporation (APH) and Doximity, Inc. (DOCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APH achieves a 9.45% return, which is significantly higher than DOCS's -52.48% return.

APH

• 1D: -0.53%
• 1M: 4.67%
• YTD: 9.45%
• 6M: 6.89%
• 1Y: 62.16%
• 3Y*: 57.45%
• 5Y*: 34.98%
• 10Y*: 27.09%

DOCS

• 1D: -2.19%
• 1M: -15.47%
• YTD: -52.48%
• 6M: -59.17%
• 1Y: -60.68%
• 3Y*: -13.96%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APH vs. DOCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
APH Amphenol Corporation	9.45%	96.08%	41.30%	31.85%	-11.96%	29.10%
DOCS Doximity, Inc.	-52.48%	-17.06%	90.41%	-16.45%	-33.05%	-5.42%

Correlation

The correlation between APH and DOCS is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021	0.27

The correlation between APH and DOCS shifts across timeframes, from -0.02 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap APH : $190.39B DOCS : $4.10B
EPS APH : $4.58 DOCS : $0.98
PE Ratio APH : 32.20 DOCS : 21.36
PEG Ratio APH : 1.07 DOCS : 1.82
PS Ratio APH : 7.31 DOCS : 6.49
PB Ratio APH : 13.62 DOCS : 4.32
Total Revenue (TTM) APH : $25.90B DOCS : $644.86M
Gross Profit (TTM) APH : $9.67B DOCS : $574.54M
EBITDA (TTM) APH : $7.45B DOCS : $245.76M

Return for Risk

APH vs. DOCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APH

APH Risk / Return Rank: 77
APH Sharpe Ratio Rank: 82
APH Sortino Ratio Rank: 74
APH Omega Ratio Rank: 76
APH Calmar Ratio Rank: 76
APH Martin Ratio Rank: 77

DOCS

DOCS Risk / Return Rank: 6
DOCS Sharpe Ratio Rank: 3
DOCS Sortino Ratio Rank: 4
DOCS Omega Ratio Rank: 3
DOCS Calmar Ratio Rank: 10
DOCS Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APH vs. DOCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amphenol Corporation (APH) and Doximity, Inc. (DOCS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	APH	DOCS	Difference
Sharpe ratio: Return per unit of total volatility	1.55	-1.12	+2.66
Sortino ratio: Return per unit of downside risk	1.98	-1.71	+3.69
Omega ratio: Gain probability vs. loss probability	1.28	0.75	+0.53
Calmar ratio: Return relative to maximum drawdown	2.22	-0.80	+3.02
Martin ratio: Return relative to average drawdown	5.79	-1.38	+7.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APH vs. DOCS - Sharpe Ratio Comparison

The current APH Sharpe Ratio is 1.55, which is higher than the DOCS Sharpe Ratio of -1.12. The chart below compares the historical Sharpe Ratios of APH and DOCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APH	DOCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	-1.12	+2.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.16	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	-0.25	+0.88

Drawdowns

APH vs. DOCS - Drawdown Comparison

The maximum APH drawdown since its inception was -63.41%, smaller than the maximum DOCS drawdown of -82.35%. Use the drawdown chart below to compare losses from any high point for APH and DOCS.

Drawdown Indicators

	APH	DOCS	Difference
Max Drawdown Largest peak-to-trough decline	-63.41%	-82.35%	+18.94%
Max Drawdown (1Y) Largest decline over 1 year	-28.19%	-76.03%	+47.84%
Max Drawdown (3Y) Largest decline over 3 years	-28.19%	-78.34%	+50.15%
Max Drawdown (5Y) Largest decline over 5 years	-28.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.56%	—	—
Current Drawdown Current decline from peak	-11.03%	-79.38%	+68.35%
Average Drawdown Average peak-to-trough decline	-13.56%	-57.10%	+43.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.76%	43.84%	-33.08%

Volatility

APH vs. DOCS - Volatility Comparison

The current volatility for Amphenol Corporation (APH) is 15.91%, while Doximity, Inc. (DOCS) has a volatility of 32.24%. This indicates that APH experiences smaller price fluctuations and is considered to be less risky than DOCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APH	DOCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.91%	32.24%	-16.33%
Volatility (6M) Calculated over the trailing 6-month period	36.03%	46.16%	-10.13%
Volatility (1Y) Calculated over the trailing 1-year period	40.39%	54.70%	-14.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.42%	69.08%	-38.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.75%	69.08%	-41.33%

Dividends

APH vs. DOCS - Dividend Comparison

APH's dividend yield for the trailing twelve months is around 0.56%, while DOCS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APH Amphenol Corporation	0.56%	0.55%	0.79%	1.07%	1.06%	0.89%	0.80%	0.89%	1.09%	0.80%	0.86%	1.01%
DOCS Doximity, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

APH vs. DOCS - Profitability Comparison

The chart below illustrates the profitability comparison between Amphenol Corporation and Doximity, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

APH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Amphenol Corporation reported a gross profit of 2.80B and revenue of 7.62B. Therefore, the gross margin over that period was 36.8%.

DOCS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Doximity, Inc. reported a gross profit of 125.97M and revenue of 145.37M. Therefore, the gross margin over that period was 86.7%.

APH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Amphenol Corporation reported an operating income of 1.83B and revenue of 7.62B, resulting in an operating margin of 24.0%.

DOCS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Doximity, Inc. reported an operating income of 24.83M and revenue of 145.37M, resulting in an operating margin of 17.1%.

APH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Amphenol Corporation reported a net income of 2.35B and revenue of 7.62B, resulting in a net margin of 30.8%.

DOCS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Doximity, Inc. reported a net income of 19.11M and revenue of 145.37M, resulting in a net margin of 13.2%.

Frequently Asked Questions

Can I hold both APH and DOCS in my portfolio?

APH and DOCS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APH or DOCS?

DOCS has higher volatility (32.24%) compared to APH (15.91%). In terms of maximum drawdown, APH dropped -63.41% vs DOCS's -82.35%.

Which has better risk-adjusted returns?

APH currently has the higher Sharpe Ratio (1.55 vs -1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.