FLEX vs. DOCS
FLEX (Flex Ltd.) and DOCS (Doximity, Inc.) are both stocks. FLEX operates in Electronic Components (Technology), while DOCS operates in Health Information Services (Healthcare). Over the past 3 years, FLEX returned 116.67%/yr vs -14.86%/yr for DOCS. At a 0.28 correlation, their price movements are largely independent.
Performance
FLEX vs. DOCS - Performance Comparison
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Returns By Period
In the year-to-date period, FLEX achieves a 147.78% return, which is significantly higher than DOCS's -54.74% return.
FLEX
- 1D
- -1.50%
- 1M
- 8.60%
- YTD
- 147.78%
- 6M
- 117.60%
- 1Y
- 247.11%
- 3Y*
- 116.67%
- 5Y*
- 71.04%
- 10Y*
- 35.66%
DOCS
- 1D
- 0.10%
- 1M
- 5.64%
- YTD
- -54.74%
- 6M
- -54.30%
- 1Y
- -64.16%
- 3Y*
- -14.86%
- 5Y*
- —
- 10Y*
- —
FLEX vs. DOCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLEX Flex Ltd. | 147.78% | 57.38% | 127.87% | 41.94% | 17.08% | 6.76% |
DOCS Doximity, Inc. | -54.74% | -17.06% | 90.41% | -16.45% | -33.05% | 21.76% |
Correlation
The correlation between FLEX and DOCS 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 | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.28 |
Over the past year, the correlation between FLEX and DOCS has dropped to 0.06 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
FLEX:
$55.99B
DOCS:
$3.91B
FLEX:
$2.33
DOCS:
$0.98
FLEX:
64.26
DOCS:
20.35
FLEX:
3.35
DOCS:
1.74
FLEX:
2.03
DOCS:
6.19
FLEX:
10.88
DOCS:
4.11
FLEX:
$27.91B
DOCS:
$644.86M
FLEX:
$2.57B
DOCS:
$574.54M
FLEX:
$1.66B
DOCS:
$245.76M
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Return for Risk
FLEX vs. DOCS — Risk / Return Rank
FLEX
DOCS
FLEX vs. DOCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and Doximity, Inc. (DOCS). 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.
| FLEX | DOCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.19 | ||
| Sortino ratioReturn per unit of downside risk | +6.62 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.72 | +0.88 |
| Calmar ratioReturn relative to maximum drawdown | 13.34 | -0.85 | +14.20 |
| Martin ratioReturn relative to average drawdown | 31.62 | -1.43 | +33.04 |
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Drawdowns
FLEX vs. DOCS - Drawdown Comparison
The maximum FLEX drawdown since its inception was -96.37%, which is greater than DOCS's maximum drawdown of -82.35%. Use the drawdown chart below to compare losses from any high point for FLEX and DOCS.
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Drawdown Indicators
| FLEX | DOCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.37% | -82.35% | -14.02% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -76.03% | +57.65% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -78.34% | +38.35% |
Max Drawdown (5Y)Largest decline over 5 years | -39.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.02% | — | — |
Current DrawdownCurrent decline from peak | -7.55% | -80.36% | +72.81% |
Average DrawdownAverage peak-to-trough decline | -55.27% | -57.18% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 45.49% | -37.75% |
Volatility
FLEX vs. DOCS - Volatility Comparison
The current volatility for Flex Ltd. (FLEX) is 19.36%, while Doximity, Inc. (DOCS) has a volatility of 29.57%. This indicates that FLEX experiences smaller price fluctuations and is considered to be less risky than DOCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLEX | DOCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.36% | 29.57% | -10.21% |
Volatility (6M)Calculated over the trailing 6-month period | 50.61% | 44.93% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.43% | 54.14% | +7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.26% | 70.07% | -22.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.86% | 70.07% | -24.21% |
Dividends
FLEX vs. DOCS - Dividend Comparison
Neither FLEX nor DOCS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DOCS Doximity, Inc. | 0.00% | 0.00% | 0.00% |
FLEX Flex Ltd. | 0.00% | 0.00% | 21.00% |
Financials
FLEX vs. DOCS - Financials Comparison
This section allows you to compare key financial metrics between Flex Ltd. and Doximity, Inc.. 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
FLEX vs. DOCS - Profitability Comparison
FLEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported a gross profit of 702.00M and revenue of 7.48B. Therefore, the gross margin over that period was 9.4%.
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%.
FLEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported an operating income of 372.00M and revenue of 7.48B, resulting in an operating margin of 5.0%.
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%.
FLEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Flex Ltd. reported a net income of 250.00M and revenue of 7.48B, resulting in a net margin of 3.3%.
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%.
Frequently Asked Questions
FLEX and DOCS 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 FLEX (19.36%). In terms of maximum drawdown, FLEX dropped -96.37% vs DOCS's -82.35%.
FLEX currently has the higher Sharpe Ratio (3.99 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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