ASAN vs. DOCN
ASAN (Asana, Inc.) and DOCN (DigitalOcean Holdings, Inc.) are both stocks. Both are in the Technology sector — ASAN in Software - Application, DOCN in Software - Infrastructure. Over the past 5 years, ASAN returned -35.10%/yr vs 26.15%/yr for DOCN. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
ASAN vs. DOCN - Performance Comparison
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Returns By Period
In the year-to-date period, ASAN achieves a -50.77% return, which is significantly lower than DOCN's 245.47% return.
ASAN
- 1D
- -2.46%
- 1M
- 1.96%
- YTD
- -50.77%
- 6M
- -53.06%
- 1Y
- -48.67%
- 3Y*
- -33.09%
- 5Y*
- -35.10%
- 10Y*
- —
DOCN
- 1D
- -4.06%
- 1M
- 4.91%
- YTD
- 245.47%
- 6M
- 237.82%
- 1Y
- 507.60%
- 3Y*
- 62.67%
- 5Y*
- 26.15%
- 10Y*
- —
ASAN vs. DOCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASAN Asana, Inc. | -50.77% | -32.36% | 6.63% | 38.05% | -81.53% | 153.23% |
DOCN DigitalOcean Holdings, Inc. | 245.47% | 41.24% | -7.14% | 44.05% | -68.29% | 93.57% |
Correlation
The correlation between ASAN and DOCN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.58 |
Over the past year, the correlation between ASAN and DOCN has dropped to 0.34 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
Fundamentals
ASAN:
$1.61B
DOCN:
$18.60B
ASAN:
-$0.69
DOCN:
$2.42
ASAN:
1.98
DOCN:
18.44
ASAN:
11.74
DOCN:
20.97
ASAN:
$808.63M
DOCN:
$948.63M
ASAN:
$715.69M
DOCN:
$554.86M
ASAN:
-$138.34M
DOCN:
$373.00M
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Return for Risk
ASAN vs. DOCN — Risk / Return Rank
ASAN
DOCN
ASAN vs. DOCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Asana, Inc. (ASAN) and DigitalOcean Holdings, Inc. (DOCN). 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.
| ASAN | DOCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.09 | ||
| Sortino ratioReturn per unit of downside risk | -6.61 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.65 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 21.24 | -22.00 |
| Martin ratioReturn relative to average drawdown | -1.37 | 64.10 | -65.47 |
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Drawdowns
ASAN vs. DOCN - Drawdown Comparison
The maximum ASAN drawdown since its inception was -96.17%, which is greater than DOCN's maximum drawdown of -84.78%. Use the drawdown chart below to compare losses from any high point for ASAN and DOCN.
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Drawdown Indicators
| ASAN | DOCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.17% | -84.78% | -11.39% |
Max Drawdown (1Y)Largest decline over 1 year | -64.43% | -24.11% | -40.32% |
Max Drawdown (3Y)Largest decline over 3 years | -80.16% | -60.28% | -19.88% |
Max Drawdown (5Y)Largest decline over 5 years | -96.17% | -84.78% | -11.39% |
Current DrawdownCurrent decline from peak | -95.27% | -8.30% | -86.97% |
Average DrawdownAverage peak-to-trough decline | -70.72% | -58.68% | -12.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.43% | 7.97% | +27.46% |
Volatility
ASAN vs. DOCN - Volatility Comparison
Asana, Inc. (ASAN) has a higher volatility of 26.76% compared to DigitalOcean Holdings, Inc. (DOCN) at 18.19%. This indicates that ASAN's price experiences larger fluctuations and is considered to be riskier than DOCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASAN | DOCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.76% | 18.19% | +8.57% |
Volatility (6M)Calculated over the trailing 6-month period | 48.25% | 61.25% | -13.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.17% | 81.84% | -22.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.99% | 71.22% | +7.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.90% | 70.56% | +6.34% |
Dividends
ASAN vs. DOCN - Dividend Comparison
Neither ASAN nor DOCN has paid dividends to shareholders.
Financials
ASAN vs. DOCN - Financials Comparison
This section allows you to compare key financial metrics between Asana, Inc. and DigitalOcean Holdings, 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
ASAN vs. DOCN - Profitability Comparison
ASAN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Asana, Inc. reported a gross profit of 179.68M and revenue of 205.10M. Therefore, the gross margin over that period was 87.6%.
DOCN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DigitalOcean Holdings, Inc. reported a gross profit of 144.71M and revenue of 257.91M. Therefore, the gross margin over that period was 56.1%.
ASAN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Asana, Inc. reported an operating income of -15.24M and revenue of 205.10M, resulting in an operating margin of -7.4%.
DOCN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DigitalOcean Holdings, Inc. reported an operating income of 36.57M and revenue of 257.91M, resulting in an operating margin of 14.2%.
ASAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Asana, Inc. reported a net income of -14.41M and revenue of 205.10M, resulting in a net margin of -7.0%.
DOCN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DigitalOcean Holdings, Inc. reported a net income of 33.22M and revenue of 257.91M, resulting in a net margin of 12.9%.
Frequently Asked Questions
ASAN and DOCN have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASAN has higher volatility (26.76%) compared to DOCN (18.19%). In terms of maximum drawdown, ASAN dropped -96.17% vs DOCN's -84.78%.
DOCN currently has the higher Sharpe Ratio (6.27 vs -0.83), 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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