DOCN vs. ^IXIC
DOCN (DigitalOcean Holdings, Inc.) is a stock, while ^IXIC (NASDAQ Composite) is an index. Over the past 5 years, DOCN returned 26.15%/yr vs 12.89%/yr for ^IXIC. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
DOCN vs. ^IXIC - Performance Comparison
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Returns By Period
In the year-to-date period, DOCN achieves a 245.47% return, which is significantly higher than ^IXIC's 12.58% return.
DOCN
- 1D
- -4.06%
- 1M
- 4.91%
- YTD
- 245.47%
- 6M
- 237.82%
- 1Y
- 507.60%
- 3Y*
- 62.67%
- 5Y*
- 26.15%
- 10Y*
- —
^IXIC
- 1D
- -1.32%
- 1M
- -0.67%
- YTD
- 12.58%
- 6M
- 11.69%
- 1Y
- 34.55%
- 3Y*
- 24.71%
- 5Y*
- 12.89%
- 10Y*
- 18.71%
DOCN vs. ^IXIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOCN DigitalOcean Holdings, Inc. | 245.47% | 41.24% | -7.14% | 44.05% | -68.29% | 93.57% |
^IXIC NASDAQ Composite | 12.58% | 20.36% | 28.64% | 43.42% | -33.10% | 18.27% |
Correlation
The correlation between DOCN and ^IXIC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.58 |
The correlation between DOCN and ^IXIC shifts across timeframes, from 0.45 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DOCN vs. ^IXIC — Risk / Return Rank
DOCN
^IXIC
DOCN vs. ^IXIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DigitalOcean Holdings, Inc. (DOCN) and NASDAQ Composite (^IXIC). 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.
| DOCN | ^IXIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.28 | ||
| Sortino ratioReturn per unit of downside risk | +2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.35 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 21.24 | 2.63 | +18.61 |
| Martin ratioReturn relative to average drawdown | 64.10 | 9.90 | +54.19 |
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Drawdowns
DOCN vs. ^IXIC - Drawdown Comparison
The maximum DOCN drawdown since its inception was -84.78%, which is greater than ^IXIC's maximum drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for DOCN and ^IXIC.
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Drawdown Indicators
| DOCN | ^IXIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.78% | -77.93% | -6.85% |
Max Drawdown (1Y)Largest decline over 1 year | -24.11% | -13.21% | -10.90% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -24.32% | -35.96% |
Max Drawdown (5Y)Largest decline over 5 years | -84.78% | -36.40% | -48.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.40% | — |
Current DrawdownCurrent decline from peak | -8.30% | -3.42% | -4.88% |
Average DrawdownAverage peak-to-trough decline | -58.68% | -21.38% | -37.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 3.50% | +4.47% |
Volatility
DOCN vs. ^IXIC - Volatility Comparison
DigitalOcean Holdings, Inc. (DOCN) has a higher volatility of 18.19% compared to NASDAQ Composite (^IXIC) at 7.34%. This indicates that DOCN's price experiences larger fluctuations and is considered to be riskier than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCN | ^IXIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.19% | 7.34% | +10.85% |
Volatility (6M)Calculated over the trailing 6-month period | 61.25% | 13.72% | +47.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.84% | 17.47% | +64.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.22% | 22.63% | +48.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.56% | 22.11% | +48.45% |
Frequently Asked Questions
DOCN and ^IXIC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCN has higher volatility (18.19%) compared to ^IXIC (7.34%). In terms of maximum drawdown, DOCN dropped -84.78% vs ^IXIC's -77.93%.
DOCN currently has the higher Sharpe Ratio (6.27 vs 1.99), 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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