DOCN vs. LITE
DOCN (DigitalOcean Holdings, Inc.) and LITE (Lumentum Holdings Inc.) are both stocks. Both are in the Technology sector — DOCN in Software - Infrastructure, LITE in Communication Equipment. Over the past 5 years, DOCN returned 33.03%/yr vs 62.02%/yr for LITE. At a 0.42 correlation, their price movements are largely independent.
Performance
DOCN vs. LITE - Performance Comparison
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Returns By Period
In the year-to-date period, DOCN achieves a 251.87% return, which is significantly higher than LITE's 142.93% return.
DOCN
- 1D
- -0.32%
- 1M
- 3.28%
- YTD
- 251.87%
- 6M
- 242.13%
- 1Y
- 491.41%
- 3Y*
- 56.88%
- 5Y*
- 33.03%
- 10Y*
- —
LITE
- 1D
- 3.68%
- 1M
- -0.93%
- YTD
- 142.93%
- 6M
- 161.38%
- 1Y
- 999.19%
- 3Y*
- 159.80%
- 5Y*
- 62.02%
- 10Y*
- 43.30%
DOCN vs. LITE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOCN DigitalOcean Holdings, Inc. | 251.87% | 41.24% | -7.14% | 44.05% | -68.29% | 89.01% |
LITE Lumentum Holdings Inc. | 142.93% | 339.06% | 60.15% | 0.48% | -50.68% | 33.89% |
Correlation
The correlation between DOCN and LITE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021 | 0.42 |
The correlation between DOCN and LITE shifts across timeframes, from 0.31 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DOCN:
$18.95B
LITE:
$86.14B
DOCN:
$2.42
LITE:
$5.26
DOCN:
70.07
LITE:
170.11
DOCN:
18.78
LITE:
30.07
DOCN:
21.35
LITE:
28.97
DOCN:
$948.63M
LITE:
$2.49B
DOCN:
$554.86M
LITE:
$938.50M
DOCN:
$373.00M
LITE:
$470.10M
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Return for Risk
DOCN vs. LITE — Risk / Return Rank
DOCN
LITE
DOCN vs. LITE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DigitalOcean Holdings, Inc. (DOCN) and Lumentum Holdings Inc. (LITE). 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.
| DOCN | LITE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.73 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 20.56 | 35.18 | -14.62 |
| Martin ratioReturn relative to average drawdown | 61.65 | 134.51 | -72.86 |
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
| DOCN | LITE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.08 | 11.76 | -5.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 1.04 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.75 | -0.31 |
Drawdowns
DOCN vs. LITE - Drawdown Comparison
The maximum DOCN drawdown since its inception was -84.78%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for DOCN and LITE.
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Drawdown Indicators
| DOCN | LITE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.78% | -66.89% | -17.89% |
Max Drawdown (1Y)Largest decline over 1 year | -24.11% | -28.70% | +4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -50.63% | -9.65% |
Max Drawdown (5Y)Largest decline over 5 years | -84.78% | -66.48% | -18.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.89% | — |
Current DrawdownCurrent decline from peak | -6.19% | -14.97% | +8.78% |
Average DrawdownAverage peak-to-trough decline | -59.09% | -23.16% | -35.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.02% | 7.49% | +0.53% |
Volatility
DOCN vs. LITE - Volatility Comparison
The current volatility for DigitalOcean Holdings, Inc. (DOCN) is 20.16%, while Lumentum Holdings Inc. (LITE) has a volatility of 31.18%. This indicates that DOCN experiences smaller price fluctuations and is considered to be less risky than LITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCN | LITE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.16% | 31.18% | -11.02% |
Volatility (6M)Calculated over the trailing 6-month period | 61.12% | 69.07% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.71% | 86.01% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.33% | 59.79% | +11.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.69% | 56.55% | +14.14% |
Dividends
DOCN vs. LITE - Dividend Comparison
Neither DOCN nor LITE has paid dividends to shareholders.
Financials
DOCN vs. LITE - Financials Comparison
This section allows you to compare key financial metrics between DigitalOcean Holdings, Inc. and Lumentum 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
DOCN vs. LITE - 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%.
LITE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported a gross profit of 357.00M and revenue of 808.40M. Therefore, the gross margin over that period was 44.2%.
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%.
LITE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported an operating income of 174.50M and revenue of 808.40M, resulting in an operating margin of 21.6%.
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%.
LITE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lumentum Holdings Inc. reported a net income of 144.20M and revenue of 808.40M, resulting in a net margin of 17.8%.
Frequently Asked Questions
DOCN and LITE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITE has higher volatility (31.18%) compared to DOCN (20.16%). In terms of maximum drawdown, DOCN dropped -84.78% vs LITE's -66.89%.
LITE currently has the higher Sharpe Ratio (11.76 vs 6.08), 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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