COHR vs. DOCN
COHR (Coherent, Inc.) and DOCN (DigitalOcean Holdings, Inc.) are both stocks. Both are in the Technology sector — COHR in Scientific & Technical Instruments, DOCN in Software - Infrastructure. Over the past 5 years, COHR returned 41.61%/yr vs 33.03%/yr for DOCN. At a 0.45 correlation, their price movements are largely independent.
Performance
COHR vs. DOCN - Performance Comparison
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Returns By Period
In the year-to-date period, COHR achieves a 117.77% return, which is significantly lower than DOCN's 251.87% return.
COHR
- 1D
- 6.62%
- 1M
- 19.89%
- YTD
- 117.77%
- 6M
- 116.25%
- 1Y
- 404.05%
- 3Y*
- 117.79%
- 5Y*
- 41.61%
- 10Y*
- 35.09%
DOCN
- 1D
- -0.32%
- 1M
- 3.28%
- YTD
- 251.87%
- 6M
- 242.13%
- 1Y
- 491.41%
- 3Y*
- 56.88%
- 5Y*
- 33.03%
- 10Y*
- —
COHR vs. DOCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COHR Coherent, Inc. | 117.77% | 94.84% | 117.62% | 24.02% | -48.63% | 1.59% |
DOCN DigitalOcean Holdings, Inc. | 251.87% | 41.24% | -7.14% | 44.05% | -68.29% | 89.01% |
Correlation
The correlation between COHR and DOCN is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021 | 0.45 |
Fundamentals
COHR:
$1.64K
DOCN:
$2.42
COHR:
0.24
DOCN:
70.07
COHR:
0.04
DOCN:
0.27
COHR:
0.03
DOCN:
18.78
COHR:
$1.81T
DOCN:
$948.63M
COHR:
$1.76B
DOCN:
$554.86M
COHR:
$960.76M
DOCN:
$373.00M
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Return for Risk
COHR vs. DOCN — Risk / Return Rank
COHR
DOCN
COHR vs. DOCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent, Inc. (COHR) 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.
| COHR | DOCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.65 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 15.36 | 20.56 | -5.20 |
| Martin ratioReturn relative to average drawdown | 42.88 | 61.65 | -18.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COHR | DOCN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.62 | 6.08 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.47 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.43 | -0.11 |
Drawdowns
COHR vs. DOCN - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, roughly equal to the maximum DOCN drawdown of -84.78%. Use the drawdown chart below to compare losses from any high point for COHR and DOCN.
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Drawdown Indicators
| COHR | DOCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -84.78% | +3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -24.11% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -54.85% | -60.28% | +5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -62.87% | -84.78% | +21.91% |
Max Drawdown (10Y)Largest decline over 10 years | -72.22% | — | — |
Current DrawdownCurrent decline from peak | -5.85% | -6.19% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -35.03% | -59.09% | +24.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 8.02% | +1.46% |
Volatility
COHR vs. DOCN - Volatility Comparison
Coherent, Inc. (COHR) has a higher volatility of 28.41% compared to DigitalOcean Holdings, Inc. (DOCN) at 20.16%. This indicates that COHR'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
| COHR | DOCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.41% | 20.16% | +8.25% |
Volatility (6M)Calculated over the trailing 6-month period | 55.90% | 61.12% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.65% | 81.71% | -9.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.36% | 71.33% | -9.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.43% | 70.69% | -14.26% |
Dividends
COHR vs. DOCN - Dividend Comparison
Neither COHR nor DOCN has paid dividends to shareholders.
Financials
COHR vs. DOCN - Financials Comparison
This section allows you to compare key financial metrics between Coherent, 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
COHR vs. DOCN - Profitability Comparison
COHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a gross profit of 0.00 and revenue of 1.81T. Therefore, the gross margin over that period was 0.0%.
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%.
COHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported an operating income of 0.00 and revenue of 1.81T, resulting in an operating margin of 0.0%.
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%.
COHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a net income of 191.40B and revenue of 1.81T, resulting in a net margin of 10.6%.
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
COHR and DOCN have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (28.41%) compared to DOCN (20.16%). In terms of maximum drawdown, COHR dropped -80.89% vs DOCN's -84.78%.
DOCN currently has the higher Sharpe Ratio (6.08 vs 5.62), 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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