DOCS vs. BITO
DOCS (Doximity, Inc.) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, DOCS returned -13.96%/yr vs 25.27%/yr for BITO. At a 0.28 correlation, their price movements are largely independent.
Performance
DOCS vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, DOCS achieves a -52.48% return, which is significantly lower than BITO's -26.37% return.
DOCS
- 1D
- -2.19%
- 1M
- -15.47%
- YTD
- -52.48%
- 6M
- -59.17%
- 1Y
- -60.68%
- 3Y*
- -13.96%
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -2.94%
- 1M
- -18.61%
- YTD
- -26.37%
- 6M
- -30.81%
- 1Y
- -41.01%
- 3Y*
- 25.27%
- 5Y*
- —
- 10Y*
- —
DOCS vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOCS Doximity, Inc. | -52.48% | -17.06% | 90.41% | -16.45% | -33.05% | -29.89% |
BITO ProShares Bitcoin Strategy ETF | -26.37% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Correlation
The correlation between DOCS and BITO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021 | 0.28 |
The correlation between DOCS and BITO shifts across timeframes, from 0.15 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DOCS vs. BITO — Risk / Return Rank
DOCS
BITO
DOCS vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doximity, Inc. (DOCS) and ProShares Bitcoin Strategy ETF (BITO). 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 | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.85 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.82 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.38 | -1.41 | +0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DOCS | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.12 | -0.95 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | -0.09 | -0.16 |
Drawdowns
DOCS vs. BITO - Drawdown Comparison
The maximum DOCS drawdown since its inception was -82.35%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for DOCS and BITO.
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Drawdown Indicators
| DOCS | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.35% | -77.86% | -4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -76.03% | -50.05% | -25.98% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -50.05% | -28.29% |
Current DrawdownCurrent decline from peak | -79.38% | -49.22% | -30.16% |
Average DrawdownAverage peak-to-trough decline | -57.10% | -36.73% | -20.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.84% | 29.09% | +14.75% |
Volatility
DOCS vs. BITO - Volatility Comparison
Doximity, Inc. (DOCS) has a higher volatility of 32.24% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.43%. This indicates that DOCS's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCS | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.24% | 9.43% | +22.81% |
Volatility (6M)Calculated over the trailing 6-month period | 46.16% | 34.26% | +11.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.70% | 43.57% | +11.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.08% | 55.11% | +13.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.08% | 55.11% | +13.97% |
Dividends
DOCS vs. BITO - Dividend Comparison
DOCS has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 67.63%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 67.63% | 78.29% | 61.59% | 15.14% |
DOCS Doximity, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DOCS and BITO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCS has higher volatility (32.24%) compared to BITO (9.43%). In terms of maximum drawdown, DOCS dropped -82.35% vs BITO's -77.86%.
BITO currently has the higher Sharpe Ratio (-0.94 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.
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