DOCS vs XGN: Correlation
Measured on weekly returns over the past three years, Doximity, Inc. (DOCS) and Exagen Inc. (XGN) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCS and XGN?
On 3 years of weekly data the DOCS/XGN correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.40 over 3. The 5-year figure is 0.29, and annualized covariance runs at 2150.0 %².
Within DOCS's tracked universe of 15 assets, XGN comes in at #8 by 3-year correlation. The last year tells two different stories: XGN led by 41.1 percentage points, -62.4% for DOCS against -21.3% for XGN.
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 XGN: side by side
| DOCS (Doximity, Inc.) | XGN (Exagen Inc.) | |
|---|---|---|
| 1-year return | -62.4% | -21.3% |
| 5-year return | -69.1% | -47.1% |
| Volatility (ann.) | 59.8% | 88.9% |
| Beta vs S&P 500 | 1.53 | 1.41 |
| Max drawdown (3Y) | -78.3% | -77.8% |
| Market cap | $4.6B | $0.2B |
| P/E (trailing) | 29.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCS | XGN |
|---|---|---|
| 2022 | -33.1% | -79.4% |
| 2023 | -16.4% | -17.1% |
| 2024 | +90.4% | +106.0% |
| 2025 | -17.1% | +48.3% |
| 2026 | -42.2% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCS and XGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOCS and XGN?
The DOCS/XGN correlation stands at 0.40 on a 3-year window (1 year: 0.42, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is XGN a good diversifier for DOCS?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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-xgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/docs-vs-xgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOCS correlations · XGN correlations
