CGNX vs. DOCN
CGNX (Cognex Corporation) and DOCN (DigitalOcean Holdings, Inc.) are both stocks. Both are in the Technology sector — CGNX in Scientific & Technical Instruments, DOCN in Software - Infrastructure. Over the past 5 years, CGNX returned -3.85%/yr vs 32.73%/yr for DOCN. At a 0.47 correlation, their price movements are largely independent.
Performance
CGNX vs. DOCN - Performance Comparison
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Returns By Period
In the year-to-date period, CGNX achieves a 77.29% return, which is significantly lower than DOCN's 254.20% return.
CGNX
- 1D
- 2.42%
- 1M
- 0.09%
- YTD
- 77.29%
- 6M
- 78.93%
- 1Y
- 109.31%
- 3Y*
- 4.67%
- 5Y*
- -3.85%
- 10Y*
- 12.63%
DOCN
- 1D
- -2.47%
- 1M
- 7.07%
- YTD
- 254.20%
- 6M
- 257.62%
- 1Y
- 504.40%
- 3Y*
- 53.92%
- 5Y*
- 32.73%
- 10Y*
- —
CGNX vs. DOCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CGNX Cognex Corporation | 77.29% | 1.24% | -13.45% | -10.84% | -39.11% | 2.77% |
DOCN DigitalOcean Holdings, Inc. | 254.20% | 41.24% | -7.14% | 44.05% | -68.29% | 93.57% |
Correlation
The correlation between CGNX and DOCN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.47 |
The correlation between CGNX and DOCN shifts across timeframes, from 0.36 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CGNX:
$10.71B
DOCN:
$19.07B
CGNX:
$0.84
DOCN:
$2.42
CGNX:
75.32
DOCN:
70.53
CGNX:
10.26
DOCN:
18.91
CGNX:
7.24
DOCN:
21.50
CGNX:
$1.05B
DOCN:
$948.63M
CGNX:
$712.01M
DOCN:
$554.86M
CGNX:
$224.08M
DOCN:
$373.00M
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Return for Risk
CGNX vs. DOCN — Risk / Return Rank
CGNX
DOCN
CGNX vs. DOCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cognex Corporation (CGNX) 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.
| CGNX | DOCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.66 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 21.10 | -17.16 |
| Martin ratioReturn relative to average drawdown | 8.88 | 63.88 | -55.01 |
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Drawdowns
CGNX vs. DOCN - Drawdown Comparison
The maximum CGNX drawdown since its inception was -83.71%, roughly equal to the maximum DOCN drawdown of -84.78%. Use the drawdown chart below to compare losses from any high point for CGNX and DOCN.
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Drawdown Indicators
| CGNX | DOCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.71% | -84.78% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -27.86% | -24.11% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -59.98% | -60.28% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -74.07% | -84.78% | +10.71% |
Max Drawdown (10Y)Largest decline over 10 years | -74.63% | — | — |
Current DrawdownCurrent decline from peak | -30.01% | -5.57% | -24.44% |
Average DrawdownAverage peak-to-trough decline | -37.51% | -58.89% | +21.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.36% | 7.95% | +4.41% |
Volatility
CGNX vs. DOCN - Volatility Comparison
The current volatility for Cognex Corporation (CGNX) is 14.66%, while DigitalOcean Holdings, Inc. (DOCN) has a volatility of 17.94%. This indicates that CGNX experiences smaller price fluctuations and is considered to be less risky 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
| CGNX | DOCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.66% | 17.94% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 42.71% | 61.13% | -18.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.31% | 81.58% | -23.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.64% | 71.32% | -27.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.91% | 70.58% | -28.67% |
Dividends
CGNX vs. DOCN - Dividend Comparison
CGNX's dividend yield for the trailing twelve months is around 0.53%, while DOCN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGNX Cognex Corporation | 0.53% | 0.90% | 0.85% | 0.68% | 0.56% | 0.32% | 2.77% | 0.37% | 0.48% | 0.27% | 0.46% | 0.62% |
DOCN DigitalOcean Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CGNX vs. DOCN - Financials Comparison
This section allows you to compare key financial metrics between Cognex Corporation 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
CGNX vs. DOCN - Profitability Comparison
CGNX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cognex Corporation reported a gross profit of 190.94M and revenue of 268.44M. Therefore, the gross margin over that period was 71.1%.
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%.
CGNX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cognex Corporation reported an operating income of 59.87M and revenue of 268.44M, resulting in an operating margin of 22.3%.
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%.
CGNX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cognex Corporation reported a net income of 51.70M and revenue of 268.44M, resulting in a net margin of 19.3%.
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
CGNX and DOCN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCN has higher volatility (17.94%) compared to CGNX (14.66%). In terms of maximum drawdown, CGNX dropped -83.71% vs DOCN's -84.78%.
DOCN currently has the higher Sharpe Ratio (6.24 vs 1.89), 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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