DOCN vs. DDOG
DOCN (DigitalOcean Holdings, Inc.) and DDOG (Datadog, Inc.) are both stocks. Both are in the Technology sector — DOCN in Software - Infrastructure, DDOG in Software - Application. Over the past 5 years, DOCN returned 26.15%/yr vs 15.75%/yr for DDOG. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
DOCN vs. DDOG - 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 DDOG's 62.78% return.
DOCN
- 1D
- -4.06%
- 1M
- 4.91%
- YTD
- 245.47%
- 6M
- 237.82%
- 1Y
- 507.60%
- 3Y*
- 62.67%
- 5Y*
- 26.15%
- 10Y*
- —
DDOG
- 1D
- -0.73%
- 1M
- -0.43%
- YTD
- 62.78%
- 6M
- 56.07%
- 1Y
- 73.62%
- 3Y*
- 33.20%
- 5Y*
- 15.75%
- 10Y*
- —
DOCN vs. DDOG - 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% |
DDOG Datadog, Inc. | 62.78% | -4.83% | 17.72% | 65.14% | -58.73% | 109.12% |
Correlation
The correlation between DOCN and DDOG is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.57 |
The correlation between DOCN and DDOG shifts across timeframes, from 0.43 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DOCN:
$18.60B
DDOG:
$80.74B
DOCN:
$2.42
DDOG:
$0.37
DOCN:
68.79
DDOG:
592.91
DOCN:
0.26
DDOG:
5.32
DOCN:
18.44
DDOG:
21.91
DOCN:
20.97
DDOG:
20.24
DOCN:
$948.63M
DDOG:
$3.67B
DOCN:
$554.86M
DDOG:
$2.93B
DOCN:
$373.00M
DDOG:
$173.48M
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Return for Risk
DOCN vs. DDOG — Risk / Return Rank
DOCN
DDOG
DOCN vs. DDOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DigitalOcean Holdings, Inc. (DOCN) and Datadog, Inc. (DDOG). 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 | DDOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.14 | ||
| Sortino ratioReturn per unit of downside risk | +3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.27 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 21.24 | 1.52 | +19.72 |
| Martin ratioReturn relative to average drawdown | 64.10 | 2.95 | +61.14 |
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Drawdowns
DOCN vs. DDOG - Drawdown Comparison
The maximum DOCN drawdown since its inception was -84.78%, which is greater than DDOG's maximum drawdown of -68.11%. Use the drawdown chart below to compare losses from any high point for DOCN and DDOG.
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Drawdown Indicators
| DOCN | DDOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.78% | -68.11% | -16.67% |
Max Drawdown (1Y)Largest decline over 1 year | -24.11% | -48.62% | +24.51% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -48.62% | -11.66% |
Max Drawdown (5Y)Largest decline over 5 years | -84.78% | -68.11% | -16.67% |
Current DrawdownCurrent decline from peak | -8.30% | -20.22% | +11.92% |
Average DrawdownAverage peak-to-trough decline | -58.68% | -30.93% | -27.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 25.00% | -17.03% |
Volatility
DOCN vs. DDOG - Volatility Comparison
DigitalOcean Holdings, Inc. (DOCN) and Datadog, Inc. (DDOG) have volatilities of 18.19% and 19.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCN | DDOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.19% | 19.02% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 61.25% | 50.35% | +10.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.84% | 65.55% | +16.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.22% | 58.26% | +12.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.56% | 59.98% | +10.58% |
Dividends
DOCN vs. DDOG - Dividend Comparison
Neither DOCN nor DDOG has paid dividends to shareholders.
Financials
DOCN vs. DDOG - Financials Comparison
This section allows you to compare key financial metrics between DigitalOcean Holdings, Inc. and Datadog, 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
DOCN vs. DDOG - 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%.
DDOG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Datadog, Inc. reported a gross profit of 797.20M and revenue of 1.01B. Therefore, the gross margin over that period was 79.2%.
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%.
DDOG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Datadog, Inc. reported an operating income of 7.33M and revenue of 1.01B, resulting in an operating margin of 0.7%.
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%.
DDOG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Datadog, Inc. reported a net income of 52.57M and revenue of 1.01B, resulting in a net margin of 5.2%.
Frequently Asked Questions
DOCN and DDOG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DDOG has higher volatility (19.02%) compared to DOCN (18.19%). In terms of maximum drawdown, DOCN dropped -84.78% vs DDOG's -68.11%.
DOCN currently has the higher Sharpe Ratio (6.27 vs 1.13), 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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