DOCS vs. SBS
DOCS (Doximity, Inc.) and SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) are both stocks. DOCS operates in Health Information Services (Healthcare), while SBS operates in Utilities - Regulated Water (Utilities). Over the past 3 years, DOCS returned -14.86%/yr vs 40.12%/yr for SBS. At a 0.11 correlation, their price movements are largely independent.
Performance
DOCS vs. SBS - 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 SBS's 15.28% return.
DOCS
- 1D
- 0.10%
- 1M
- -14.32%
- YTD
- -54.74%
- 6M
- -54.30%
- 1Y
- -64.81%
- 3Y*
- -14.86%
- 5Y*
- —
- 10Y*
- —
SBS
- 1D
- -0.18%
- 1M
- -6.98%
- YTD
- 15.28%
- 6M
- 14.60%
- 1Y
- 38.40%
- 3Y*
- 40.12%
- 5Y*
- 32.68%
- 10Y*
- 16.43%
DOCS vs. SBS - 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% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 15.28% | 80.60% | -4.21% | 46.89% | 48.42% | -2.91% |
Correlation
The correlation between DOCS and SBS is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.11 |
Fundamentals
DOCS:
$3.91B
SBS:
$19.24B
DOCS:
$0.98
SBS:
R$2.48
DOCS:
20.35
SBS:
11.24
DOCS:
1.74
SBS:
0.22
DOCS:
6.19
SBS:
2.48
DOCS:
4.11
SBS:
2.27
DOCS:
$644.86M
SBS:
R$38.70B
DOCS:
$574.54M
SBS:
R$13.96B
DOCS:
$245.76M
SBS:
R$14.87B
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Return for Risk
DOCS vs. SBS — Risk / Return Rank
DOCS
SBS
DOCS vs. SBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doximity, Inc. (DOCS) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS). 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 | SBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.72 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.21 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.55 | -2.41 |
| Martin ratioReturn relative to average drawdown | -1.43 | 4.65 | -6.08 |
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Drawdowns
DOCS vs. SBS - Drawdown Comparison
The maximum DOCS drawdown since its inception was -82.35%, which is greater than SBS's maximum drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for DOCS and SBS.
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Drawdown Indicators
| DOCS | SBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.35% | -76.49% | -5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -76.03% | -24.88% | -51.15% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -24.88% | -53.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.91% | — |
Current DrawdownCurrent decline from peak | -80.36% | -22.90% | -57.46% |
Average DrawdownAverage peak-to-trough decline | -57.18% | -25.70% | -31.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.49% | 8.28% | +37.21% |
Volatility
DOCS vs. SBS - Volatility Comparison
Doximity, Inc. (DOCS) has a higher volatility of 29.57% compared to Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) at 8.92%. This indicates that DOCS's price experiences larger fluctuations and is considered to be riskier than SBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCS | SBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.57% | 8.92% | +20.65% |
Volatility (6M)Calculated over the trailing 6-month period | 44.93% | 24.61% | +20.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.14% | 33.86% | +20.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.07% | 36.90% | +33.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.07% | 43.51% | +26.56% |
Dividends
DOCS vs. SBS - Dividend Comparison
DOCS has not paid dividends to shareholders, while SBS's dividend yield for the trailing twelve months is around 2.33%.
| 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% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 2.33% | 4.68% | 1.96% | 1.66% | 1.88% | 0.97% | 2.93% | 1.99% | 3.86% | 2.76% | 0.65% | 1.91% |
Financials
DOCS vs. SBS - Financials Comparison
This section allows you to compare key financial metrics between Doximity, Inc. and Companhia de Saneamento Básico do Estado de São Paulo - SABESP. 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. SBS - 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%.
SBS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a gross profit of 3.79B and revenue of 9.78B. Therefore, the gross margin over that period was 38.8%.
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%.
SBS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported an operating income of 3.33B and revenue of 9.78B, resulting in an operating margin of 34.1%.
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%.
SBS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a net income of 1.72B and revenue of 9.78B, resulting in a net margin of 17.6%.
Frequently Asked Questions
DOCS and SBS have a correlation of 0.01, 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 SBS (8.92%). In terms of maximum drawdown, DOCS dropped -82.35% vs SBS's -76.49%.
SBS currently has the higher Sharpe Ratio (1.14 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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