DOCS vs OPFI: Correlation
Doximity, Inc. (DOCS) and OppFi Inc. (OPFI) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCS and OPFI?
Across a 3-year window, the weekly returns of DOCS and OPFI correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 1793.4 %².
Within DOCS's tracked universe of 15 assets, OPFI comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OPFI outperformed by 32.8 percentage points (-62.4% for DOCS against -29.6% for OPFI).
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 OPFI: side by side
| DOCS (Doximity, Inc.) | OPFI (OppFi Inc.) | |
|---|---|---|
| 1-year return | -62.4% | -29.6% |
| 5-year return | -69.1% | -1.0% |
| Volatility (ann.) | 59.8% | 68.6% |
| Beta vs S&P 500 | 1.53 | 1.38 |
| Max drawdown (3Y) | -78.3% | -59.9% |
| Market cap | $4.6B | $0.6B |
| P/E (trailing) | 29.4 | 2.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCS | OPFI |
|---|---|---|
| 2022 | -33.1% | -54.8% |
| 2023 | -16.4% | +149.8% |
| 2024 | +90.4% | +56.0% |
| 2025 | -17.1% | +40.9% |
| 2026 | -42.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCS and OPFI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOCS and OPFI?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.34 over the last year and 0.31 over 5 years.
Is OPFI a good diversifier for DOCS?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: DOCS correlations · OPFI correlations
