DOCN vs. CGNX
DOCN (DigitalOcean Holdings, Inc.) and CGNX (Cognex Corporation) are both stocks. Both are in the Technology sector — DOCN in Software - Infrastructure, CGNX in Scientific & Technical Instruments. Over the past 5 years, DOCN returned 32.73%/yr vs -3.85%/yr for CGNX. At a 0.47 correlation, their price movements are largely independent.
Performance
DOCN vs. CGNX - Performance Comparison
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Returns By Period
In the year-to-date period, DOCN achieves a 254.20% return, which is significantly higher than CGNX's 77.29% return.
DOCN
- 1D
- -2.47%
- 1M
- 7.07%
- YTD
- 254.20%
- 6M
- 257.62%
- 1Y
- 504.40%
- 3Y*
- 53.92%
- 5Y*
- 32.73%
- 10Y*
- —
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 vs. CGNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOCN DigitalOcean Holdings, Inc. | 254.20% | 41.24% | -7.14% | 44.05% | -68.29% | 93.57% |
CGNX Cognex Corporation | 77.29% | 1.24% | -13.45% | -10.84% | -39.11% | 2.77% |
Correlation
The correlation between DOCN and CGNX 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 DOCN and CGNX shifts across timeframes, from 0.36 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DOCN:
$19.07B
CGNX:
$10.71B
DOCN:
$2.42
CGNX:
$0.84
DOCN:
70.53
CGNX:
75.32
DOCN:
18.91
CGNX:
10.26
DOCN:
21.50
CGNX:
7.24
DOCN:
$948.63M
CGNX:
$1.05B
DOCN:
$554.86M
CGNX:
$712.01M
DOCN:
$373.00M
CGNX:
$224.08M
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Return for Risk
DOCN vs. CGNX — Risk / Return Rank
DOCN
CGNX
DOCN vs. CGNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DigitalOcean Holdings, Inc. (DOCN) and Cognex Corporation (CGNX). 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 | CGNX | 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 | 1.66 | 1.42 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 21.10 | 3.95 | +17.16 |
| Martin ratioReturn relative to average drawdown | 63.88 | 8.88 | +55.01 |
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Drawdowns
DOCN vs. CGNX - Drawdown Comparison
The maximum DOCN drawdown since its inception was -84.78%, roughly equal to the maximum CGNX drawdown of -83.71%. Use the drawdown chart below to compare losses from any high point for DOCN and CGNX.
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Drawdown Indicators
| DOCN | CGNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.78% | -83.71% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -24.11% | -27.86% | +3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -59.98% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -84.78% | -74.07% | -10.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.63% | — |
Current DrawdownCurrent decline from peak | -5.57% | -30.01% | +24.44% |
Average DrawdownAverage peak-to-trough decline | -58.89% | -37.51% | -21.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 12.36% | -4.41% |
Volatility
DOCN vs. CGNX - Volatility Comparison
DigitalOcean Holdings, Inc. (DOCN) has a higher volatility of 17.94% compared to Cognex Corporation (CGNX) at 14.66%. This indicates that DOCN's price experiences larger fluctuations and is considered to be riskier than CGNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCN | CGNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.94% | 14.66% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 61.13% | 42.71% | +18.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.58% | 58.31% | +23.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.32% | 43.64% | +27.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.58% | 41.91% | +28.67% |
Dividends
DOCN vs. CGNX - Dividend Comparison
DOCN has not paid dividends to shareholders, while CGNX's dividend yield for the trailing twelve months is around 0.53%.
| 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
DOCN vs. CGNX - Financials Comparison
This section allows you to compare key financial metrics between DigitalOcean Holdings, Inc. and Cognex Corporation. 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
DOCN vs. CGNX - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
DOCN and CGNX 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, DOCN dropped -84.78% vs CGNX's -83.71%.
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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