DOCS vs. KLAC
DOCS (Doximity, Inc.) and KLAC (KLA Corporation) are both stocks. DOCS operates in Health Information Services (Healthcare), while KLAC operates in Semiconductor Equipment & Materials (Technology). Over the past 3 years, DOCS returned -14.86%/yr vs 75.88%/yr for KLAC. At a 0.30 correlation, their price movements are largely independent.
Performance
DOCS vs. KLAC - Performance Comparison
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Returns By Period
In the year-to-date period, DOCS achieves a -54.74% return, which is significantly lower than KLAC's 110.02% return.
DOCS
- 1D
- 0.10%
- 1M
- 5.64%
- YTD
- -54.74%
- 6M
- -54.30%
- 1Y
- -64.16%
- 3Y*
- -14.86%
- 5Y*
- —
- 10Y*
- —
KLAC
- 1D
- 5.55%
- 1M
- 41.25%
- YTD
- 110.02%
- 6M
- 113.75%
- 1Y
- 195.25%
- 3Y*
- 75.88%
- 5Y*
- 52.93%
- 10Y*
- 45.08%
DOCS vs. KLAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOCS Doximity, Inc. | -54.74% | -17.06% | 90.41% | -16.45% | -33.05% | 21.76% |
KLAC KLA Corporation | 110.02% | 94.48% | 9.36% | 56.05% | -11.20% | 39.16% |
Correlation
The correlation between DOCS and KLAC is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.30 |
Over the past year, the correlation between DOCS and KLAC has dropped to 0.06 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
DOCS:
$3.91B
KLAC:
$33.62B
DOCS:
$0.98
KLAC:
$35.29
DOCS:
20.35
KLAC:
7.21
DOCS:
1.74
KLAC:
0.27
DOCS:
6.19
KLAC:
2.57
DOCS:
4.11
KLAC:
5.77
DOCS:
$644.86M
KLAC:
$13.10B
DOCS:
$574.54M
KLAC:
$8.09B
DOCS:
$245.76M
KLAC:
$5.77B
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Return for Risk
DOCS vs. KLAC — Risk / Return Rank
DOCS
KLAC
DOCS vs. KLAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doximity, Inc. (DOCS) and KLA Corporation (KLAC). 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.
| DOCS | KLAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.13 | ||
| Sortino ratioReturn per unit of downside risk | -5.71 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.54 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 8.66 | -9.51 |
| Martin ratioReturn relative to average drawdown | -1.43 | 27.54 | -28.96 |
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Drawdowns
DOCS vs. KLAC - Drawdown Comparison
The maximum DOCS drawdown since its inception was -82.35%, roughly equal to the maximum KLAC drawdown of -83.74%. Use the drawdown chart below to compare losses from any high point for DOCS and KLAC.
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Drawdown Indicators
| DOCS | KLAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.35% | -83.74% | +1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -76.03% | -22.41% | -53.62% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -34.95% | -43.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.28% | — |
Current DrawdownCurrent decline from peak | -80.36% | 0.00% | -80.36% |
Average DrawdownAverage peak-to-trough decline | -57.18% | -29.32% | -27.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.49% | 7.03% | +38.46% |
Volatility
DOCS vs. KLAC - Volatility Comparison
Doximity, Inc. (DOCS) has a higher volatility of 29.57% compared to KLA Corporation (KLAC) at 22.17%. This indicates that DOCS's price experiences larger fluctuations and is considered to be riskier than KLAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCS | KLAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.57% | 22.17% | +7.40% |
Volatility (6M)Calculated over the trailing 6-month period | 44.93% | 42.02% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.14% | 49.38% | +4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.07% | 43.88% | +26.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.07% | 41.86% | +28.21% |
Dividends
DOCS vs. KLAC - Dividend Comparison
DOCS has not paid dividends to shareholders, while KLAC's dividend yield for the trailing twelve months is around 0.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KLAC KLA Corporation | 0.31% | 0.61% | 0.96% | 0.92% | 1.25% | 0.91% | 1.35% | 1.74% | 3.17% | 2.15% | 2.67% | 2.94% |
Financials
DOCS vs. KLAC - Financials Comparison
This section allows you to compare key financial metrics between Doximity, Inc. and KLA 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
DOCS vs. KLAC - Profitability Comparison
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%.
KLAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported a gross profit of 2.09B and revenue of 3.42B. Therefore, the gross margin over that period was 61.1%.
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%.
KLAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported an operating income of 1.41B and revenue of 3.42B, resulting in an operating margin of 41.2%.
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%.
KLAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported a net income of 1.20B and revenue of 3.42B, resulting in a net margin of 35.2%.
Frequently Asked Questions
DOCS and KLAC have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCS has higher volatility (29.57%) compared to KLAC (22.17%). In terms of maximum drawdown, DOCS dropped -82.35% vs KLAC's -83.74%.
KLAC currently has the higher Sharpe Ratio (3.93 vs -1.20), 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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