DOCS vs. AI

Last updated Apr 1, 2026

Compare and contrast key facts about Doximity, Inc. (DOCS) and C3.ai, Inc. (AI).

Performance

DOCS vs. AI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doximity, Inc. (DOCS) and C3.ai, Inc. (AI). The values are adjusted to include any dividend payments, if applicable.

DOCS vs. AI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DOCS Doximity, Inc.	-47.38%	-17.06%	90.41%	-16.45%	-33.05%	-5.42%
AI C3.ai, Inc.	-37.54%	-60.85%	19.92%	156.57%	-64.19%	-49.50%

Fundamentals

Market Cap DOCS : $4.64B AI : $1.17B
EPS DOCS : $1.19 AI : -$3.18
PS Ratio DOCS : 7.32 AI : 3.74
PB Ratio DOCS : 4.74 AI : 1.62
Total Revenue (TTM) DOCS : $637.78M AI : $307.39M
Gross Profit (TTM) DOCS : $572.39M AI : $133.57M
EBITDA (TTM) DOCS : $268.45M AI : -$439.66M

Returns By Period

In the year-to-date period, DOCS achieves a -47.38% return, which is significantly lower than AI's -37.54% return.

DOCS

• 1D: -1.81%
• 1M: -5.01%
• YTD: -47.38%
• 6M: -68.15%
• 1Y: -59.85%
• 3Y*: -10.39%
• 5Y*: —
• 10Y*: —

AI

• 1D: 8.09%
• 1M: 5.91%
• YTD: -37.54%
• 6M: -51.44%
• 1Y: -60.00%
• 3Y*: -36.94%
• 5Y*: -34.32%
• 10Y*: —

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

Return for Risk

DOCS vs. AI — Risk / Return Rank

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

DOCS

DOCS Risk / Return Rank: 4
DOCS Sharpe Ratio Rank: 2
DOCS Sortino Ratio Rank: 2
DOCS Omega Ratio Rank: 3
DOCS Calmar Ratio Rank: 9
DOCS Martin Ratio Rank: 3

AI

AI Risk / Return Rank: 9
AI Sharpe Ratio Rank: 7
AI Sortino Ratio Rank: 8
AI Omega Ratio Rank: 8
AI Calmar Ratio Rank: 11
AI Martin Ratio Rank: 12

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.

DOCS vs. AI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doximity, Inc. (DOCS) and C3.ai, Inc. (AI). 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.

	DOCS	AI	Difference
Sharpe ratio Return per unit of total volatility	-1.22	-0.87	-0.34
Sortino ratio Return per unit of downside risk	-1.97	-1.31	-0.66
Omega ratio Gain probability vs. loss probability	0.74	0.84	-0.10
Calmar ratio Return relative to maximum drawdown	-0.87	-0.84	-0.04
Martin ratio Return relative to average drawdown	-1.82	-1.45	-0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOCS vs. AI - Sharpe Ratio Comparison

The current DOCS Sharpe Ratio is -1.22, which is lower than the AI Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of DOCS and AI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DOCS	AI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.22	-0.87	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	-0.44	+0.21

Correlation

The correlation between DOCS and AI is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DOCS vs. AI - Dividend Comparison

Neither DOCS nor AI has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DOCS vs. AI - Drawdown Comparison

The maximum DOCS drawdown since its inception was -80.53%, smaller than the maximum AI drawdown of -95.63%. Use the drawdown chart below to compare losses from any high point for DOCS and AI.

Drawdown Indicators

	DOCS	AI	Difference
Max Drawdown Largest peak-to-trough decline	-80.53%	-95.63%	+15.10%
Max Drawdown (1Y) Largest decline over 1 year	-68.98%	-73.39%	+4.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-89.81%	—
Current Drawdown Current decline from peak	-77.16%	-95.26%	+18.10%
Average Drawdown Average peak-to-trough decline	-56.34%	-81.49%	+25.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.02%	42.33%	-9.31%

Volatility

DOCS vs. AI - Volatility Comparison

The current volatility for Doximity, Inc. (DOCS) is 8.80%, while C3.ai, Inc. (AI) has a volatility of 15.60%. This indicates that DOCS experiences smaller price fluctuations and is considered to be less risky than AI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOCS	AI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.80%	15.60%	-6.80%
Volatility (6M) Calculated over the trailing 6-month period	37.71%	46.77%	-9.06%
Volatility (1Y) Calculated over the trailing 1-year period	49.32%	69.04%	-19.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.77%	78.46%	-9.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.77%	82.75%	-13.98%

Financials