DOCS vs PLTR: Correlation
How closely do Doximity, Inc. (DOCS) and Palantir Technologies (PLTR) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCS and PLTR?
On 3 years of weekly data the DOCS/PLTR correlation comes out at 0.59, moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.59 over 3. The 5-year figure is 0.54, and annualized covariance runs at 2512.2 %².
PLTR is one of the assets that tracks DOCS most closely: it ranks #1 out of the 15 assets we track against DOCS. The last year tells two different stories: PLTR led by 81.0 percentage points, -62.4% for DOCS against +18.6% for PLTR.
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 PLTR: side by side
| DOCS (Doximity, Inc.) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | -62.4% | +18.6% |
| 5-year return | -69.1% | +621.8% |
| Volatility (ann.) | 59.8% | 71.3% |
| Beta vs S&P 500 | 1.53 | 2.47 |
| Max drawdown (3Y) | -78.3% | -48.2% |
| Market cap | $4.6B | $446.8B |
| P/E (trailing) | 29.4 | 151.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DOCS | PLTR |
|---|---|---|
| 2022 | -33.1% | -64.7% |
| 2023 | -16.4% | +167.4% |
| 2024 | +90.4% | +340.5% |
| 2025 | -17.1% | +135.0% |
| 2026 | -42.2% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCS and PLTR good diversifiers for each other?
Only partially. A correlation of 0.59 means DOCS and PLTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DOCS and PLTR?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.63 over the last year and 0.54 over 5 years.
Is PLTR a good diversifier for DOCS?
Only partially. A correlation of 0.59 means DOCS and PLTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DOCS correlations · PLTR correlations
