DOCS vs. LMT
DOCS (Doximity, Inc.) and LMT (Lockheed Martin Corporation) are both stocks. DOCS operates in Health Information Services (Healthcare), while LMT operates in Aerospace & Defense (Industrials). Over the past 3 years, DOCS returned -14.86%/yr vs 8.98%/yr for LMT. At a 0.00 correlation, their price movements are largely independent.
Performance
DOCS vs. LMT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DOCS achieves a -54.74% return, which is significantly lower than LMT's 13.04% return.
DOCS
- 1D
- 0.10%
- 1M
- 5.64%
- YTD
- -54.74%
- 6M
- -54.30%
- 1Y
- -64.16%
- 3Y*
- -14.86%
- 5Y*
- —
- 10Y*
- —
LMT
- 1D
- -1.52%
- 1M
- 5.40%
- YTD
- 13.04%
- 6M
- 13.84%
- 1Y
- 14.07%
- 3Y*
- 8.98%
- 5Y*
- 9.78%
- 10Y*
- 11.37%
DOCS vs. LMT - 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% |
LMT Lockheed Martin Corporation | 13.04% | 2.47% | 10.02% | -4.31% | 40.48% | -4.34% |
Correlation
The correlation between DOCS and LMT is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.00 |
Fundamentals
DOCS:
$3.91B
LMT:
$124.87B
DOCS:
$0.98
LMT:
$20.61
DOCS:
20.35
LMT:
26.21
DOCS:
6.19
LMT:
1.67
DOCS:
4.11
LMT:
16.67
DOCS:
$644.86M
LMT:
$75.12B
DOCS:
$574.54M
LMT:
$7.37B
DOCS:
$245.76M
LMT:
$8.09B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DOCS vs. LMT — Risk / Return Rank
DOCS
LMT
DOCS vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doximity, Inc. (DOCS) and Lockheed Martin Corporation (LMT). 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 | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.14 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 0.73 | -1.58 |
| Martin ratioReturn relative to average drawdown | -1.43 | 1.69 | -3.12 |
Loading charts...
Drawdowns
DOCS vs. LMT - Drawdown Comparison
The maximum DOCS drawdown since its inception was -82.35%, roughly equal to the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for DOCS and LMT.
Loading charts...
Drawdown Indicators
| DOCS | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.35% | -79.29% | -3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -76.03% | -25.15% | -50.88% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -31.79% | -46.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.67% | — |
Current DrawdownCurrent decline from peak | -80.36% | -19.63% | -60.73% |
Average DrawdownAverage peak-to-trough decline | -57.18% | -26.83% | -30.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.49% | 10.81% | +34.68% |
Volatility
DOCS vs. LMT - Volatility Comparison
Doximity, Inc. (DOCS) has a higher volatility of 29.57% compared to Lockheed Martin Corporation (LMT) at 7.02%. This indicates that DOCS's price experiences larger fluctuations and is considered to be riskier than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DOCS | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.57% | 7.02% | +22.55% |
Volatility (6M)Calculated over the trailing 6-month period | 44.93% | 20.04% | +24.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.14% | 26.71% | +27.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.07% | 22.99% | +47.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.07% | 23.76% | +46.31% |
Dividends
DOCS vs. LMT - Dividend Comparison
DOCS has not paid dividends to shareholders, while LMT's dividend yield for the trailing twelve months is around 2.53%.
| 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% |
LMT Lockheed Martin Corporation | 2.53% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
DOCS vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Doximity, Inc. and Lockheed Martin 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. LMT - 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%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
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%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
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%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
Frequently Asked Questions
DOCS and LMT have a correlation of 0.03, 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 LMT (7.02%). In terms of maximum drawdown, DOCS dropped -82.35% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (0.69 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.
Find the right allocation for DOCS and LMT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer