DOCS vs NTR: Correlation
How closely do Doximity, Inc. (DOCS) and Nutrien Ltd. (NTR) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCS and NTR?
Over the past 3 years, DOCS and NTR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.22 over 3 years. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -374.7 %².
NTR is close to the least connected end of DOCS's tracked universe, ranking #11 of 15. Their recent paths diverged sharply: over the last 12 months NTR outperformed by 90.1 percentage points (-62.4% for DOCS against +27.7% for NTR). Risk is not evenly split, since DOCS carries 2.1 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DOCS vs NTR: side by side
| DOCS (Doximity, Inc.) | NTR (Nutrien Ltd.) | |
|---|---|---|
| 1-year return | -62.4% | +27.7% |
| 5-year return | -69.1% | +39.5% |
| Volatility (ann.) | 59.8% | 28.2% |
| Beta vs S&P 500 | 1.53 | 0.22 |
| Max drawdown (3Y) | -78.3% | -28.3% |
| Market cap | $4.6B | $34.9B |
| P/E (trailing) | 29.4 | 14.9 |
| Dividend yield | 0.00% | 2.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCS | NTR |
|---|---|---|
| 2022 | -33.1% | -0.7% |
| 2023 | -16.4% | -20.2% |
| 2024 | +90.4% | -17.0% |
| 2025 | -17.1% | +40.8% |
| 2026 | -42.2% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCS and NTR good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between DOCS and NTR?
The DOCS/NTR correlation stands at -0.22 on a 3-year window (1 year: -0.36, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is NTR a good diversifier for DOCS?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/docs-vs-ntr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/docs-vs-ntr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOCS correlations · NTR correlations
