DOC vs. O
DOC (Physicians Realty Trust) and O (Realty Income Corporation) are both stocks. Both are in the Real Estate sector — DOC in REIT - Healthcare Facilities, O in REIT - Retail. Over the past 10 years, DOC returned -0.54%/yr vs 4.28%/yr for O. Their 0.58 correlation means they have sometimes moved together and sometimes differently.
Performance
DOC vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, DOC achieves a 39.74% return, which is significantly higher than O's 15.00% return. Over the past 10 years, DOC has underperformed O with an annualized return of -0.54%, while O has yielded a comparatively higher 4.28% annualized return.
DOC
- 1D
- -0.09%
- 1M
- -0.79%
- 6M
- 35.81%
- YTD
- 39.74%
- 1Y
- 36.87%
- 3Y*
- 6.97%
- 5Y*
- -5.15%
- 10Y*
- -0.54%
- ALL TIME*
- 10.30%
O
- 1D
- -0.91%
- 1M
- -1.06%
- 6M
- 5.01%
- YTD
- 15.00%
- 1Y
- 15.48%
- 3Y*
- 7.87%
- 5Y*
- 3.46%
- 10Y*
- 4.28%
- ALL TIME*
- 13.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $137.64M | $133.58M | $160.96M | |
| $307.48M | $324.00M | $373.23M |
DOC vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOC Physicians Realty Trust | 39.74% | -15.17% | 8.79% | -16.40% | -27.53% | 23.74% | -7.69% | 29.16% | 13.69% | -7.70% |
O Realty Income Corporation | 15.00% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between DOC and O is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 1994 | 0.58 |
The correlation between DOC and O shifts across timeframes, from 0.47 (1 year) to 0.68 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
DOC:
$14.91B
O:
$58.65B
DOC:
$0.35
O:
$1.32
DOC:
61.70
O:
47.72
DOC:
5.09
O:
6.45
DOC:
$2.95B
O:
$5.92B
DOC:
$65.54M
O:
$3.89B
DOC:
$1.83B
O:
$3.93B
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Return for Risk
DOC vs. O — Risk / Return Rank
DOC
O
DOC vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Physicians Realty Trust (DOC) and Realty Income Corporation (O). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DOC | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.16 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.40 | +0.77 |
| Martin ratioReturn relative to average drawdown | 4.88 | 3.18 | +1.70 |
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Drawdowns
DOC vs. O - Drawdown Comparison
The maximum DOC drawdown since its inception was -61.03%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for DOC and O.
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Drawdown Indicators
| DOC | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -48.45% | -12.58% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -11.10% | -5.99% |
Max Drawdown (3Y)Largest decline over 3 years | -27.64% | -22.36% | -5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -53.97% | -34.48% | -19.49% |
Max Drawdown (10Y)Largest decline over 10 years | -54.07% | -48.28% | -5.79% |
Current DrawdownCurrent decline from peak | -23.24% | -4.86% | -18.38% |
Average DrawdownAverage peak-to-trough decline | -14.86% | -9.18% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 4.89% | +2.69% |
Volatility
DOC vs. O - Volatility Comparison
Physicians Realty Trust (DOC) and Realty Income Corporation (O) have volatilities of 5.38% and 5.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOC | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 5.46% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 23.56% | 12.87% | +10.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.09% | 16.52% | +12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.44% | 19.05% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.69% | 25.66% | +4.03% |
Dividends
DOC vs. O - Dividend Comparison
DOC's dividend yield for the trailing twelve months is around 5.64%, more than O's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOC Physicians Realty Trust | 5.64% | 7.59% | 5.92% | 6.06% | 4.79% | 3.33% | 4.90% | 4.29% | 5.30% | 5.67% | 7.05% | 5.91% |
O Realty Income Corporation | 5.15% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Financials
DOC vs. O - Financials Comparison
This section allows you to compare key financial metrics between Physicians Realty Trust and Realty Income Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DOC vs. O - Profitability Comparison
DOC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Physicians Realty Trust reported a gross profit of 429.28M and revenue of 771.58M. Therefore, the gross margin over that period was 55.6%.
O - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Realty Income Corporation reported a gross profit of 0.00 and revenue of 1.55B. Therefore, the gross margin over that period was 0.0%.
DOC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Physicians Realty Trust reported an operating income of 32.58M and revenue of 771.58M, resulting in an operating margin of 4.2%.
O - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Realty Income Corporation reported an operating income of 0.00 and revenue of 1.55B, resulting in an operating margin of 0.0%.
DOC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Physicians Realty Trust reported a net income of 52.82M and revenue of 771.58M, resulting in a net margin of 6.9%.
O - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Realty Income Corporation reported a net income of -9.17M and revenue of 1.55B, resulting in a net margin of -0.6%.
Frequently Asked Questions
DOC and O have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.46%) compared to DOC (5.38%). In terms of maximum drawdown, DOC dropped -61.03% vs O's -48.45%.
DOC currently has the higher Sharpe Ratio (1.27 vs 0.95), 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.
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