TDOC vs. DOCS
TDOC (Teladoc Health, Inc.) and DOCS (Doximity, Inc.) are both stocks. Both operate in the Health Information Services industry within the Healthcare sector. Over the past 3 years, TDOC returned -33.83%/yr vs -14.86%/yr for DOCS. At a 0.49 correlation, their price movements are largely independent.
Performance
TDOC vs. DOCS - Performance Comparison
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Returns By Period
In the year-to-date period, TDOC achieves a 4.86% return, which is significantly higher than DOCS's -54.74% return.
TDOC
- 1D
- 0.41%
- 1M
- 15.41%
- YTD
- 4.86%
- 6M
- -2.78%
- 1Y
- 7.00%
- 3Y*
- -33.83%
- 5Y*
- -45.65%
- 10Y*
- -5.28%
DOCS
- 1D
- 0.10%
- 1M
- 5.64%
- YTD
- -54.74%
- 6M
- -54.30%
- 1Y
- -64.16%
- 3Y*
- -14.86%
- 5Y*
- —
- 10Y*
- —
TDOC vs. DOCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TDOC Teladoc Health, Inc. | 4.86% | -22.99% | -57.82% | -8.88% | -74.24% | -42.79% |
DOCS Doximity, Inc. | -54.74% | -17.06% | 90.41% | -16.45% | -33.05% | 21.76% |
Correlation
The correlation between TDOC and DOCS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.49 |
The correlation between TDOC and DOCS shifts across timeframes, from 0.36 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TDOC:
$1.31B
DOCS:
$3.91B
TDOC:
-$0.97
DOCS:
$0.98
TDOC:
0.52
DOCS:
6.19
TDOC:
0.98
DOCS:
4.11
TDOC:
$2.51B
DOCS:
$644.86M
TDOC:
$1.74B
DOCS:
$574.54M
TDOC:
-$43.17M
DOCS:
$245.76M
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Return for Risk
TDOC vs. DOCS — Risk / Return Rank
TDOC
DOCS
TDOC vs. DOCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teladoc Health, Inc. (TDOC) 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.
| TDOC | DOCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.72 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.85 | +0.90 |
| Martin ratioReturn relative to average drawdown | 0.09 | -1.43 | +1.51 |
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Drawdowns
TDOC vs. DOCS - Drawdown Comparison
The maximum TDOC drawdown since its inception was -98.48%, which is greater than DOCS's maximum drawdown of -82.35%. Use the drawdown chart below to compare losses from any high point for TDOC and DOCS.
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Drawdown Indicators
| TDOC | DOCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.48% | -82.35% | -16.13% |
Max Drawdown (1Y)Largest decline over 1 year | -52.75% | -76.03% | +23.28% |
Max Drawdown (3Y)Largest decline over 3 years | -84.98% | -78.34% | -6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -97.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.48% | — | — |
Current DrawdownCurrent decline from peak | -97.51% | -80.36% | -17.15% |
Average DrawdownAverage peak-to-trough decline | -54.24% | -57.18% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.88% | 45.49% | -17.61% |
Volatility
TDOC vs. DOCS - Volatility Comparison
The current volatility for Teladoc Health, Inc. (TDOC) is 18.73%, while Doximity, Inc. (DOCS) has a volatility of 29.57%. This indicates that TDOC 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
| TDOC | DOCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.73% | 29.57% | -10.84% |
Volatility (6M)Calculated over the trailing 6-month period | 39.35% | 44.93% | -5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.64% | 54.14% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.69% | 70.07% | -6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.39% | 70.07% | -9.68% |
Dividends
TDOC vs. DOCS - Dividend Comparison
Neither TDOC nor DOCS has paid dividends to shareholders.
Financials
TDOC vs. DOCS - Financials Comparison
This section allows you to compare key financial metrics between Teladoc Health, Inc. 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
TDOC vs. DOCS - Profitability Comparison
TDOC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teladoc Health, Inc. reported a gross profit of 416.32M and revenue of 613.85M. Therefore, the gross margin over that period was 67.8%.
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%.
TDOC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teladoc Health, Inc. reported an operating income of -61.77M and revenue of 613.85M, resulting in an operating margin of -10.1%.
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%.
TDOC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teladoc Health, Inc. reported a net income of -63.84M and revenue of 613.85M, resulting in a net margin of -10.4%.
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
TDOC and DOCS have a correlation of 0.36, 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 TDOC (18.73%). In terms of maximum drawdown, TDOC dropped -98.48% vs DOCS's -82.35%.
TDOC currently has the higher Sharpe Ratio (0.04 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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