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DOCN vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

DOCN vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DigitalOcean Holdings, Inc. (DOCN) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

-30.00%-20.00%-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
6.91%
11.65%
DOCN
QQQ

Returns By Period

In the year-to-date period, DOCN achieves a 5.94% return, which is significantly lower than QQQ's 23.84% return.


DOCN

YTD

5.94%

1M

-7.28%

6M

6.90%

1Y

34.54%

5Y (annualized)

N/A

10Y (annualized)

N/A

QQQ

YTD

23.84%

1M

1.82%

6M

11.65%

1Y

30.35%

5Y (annualized)

20.97%

10Y (annualized)

18.03%

Key characteristics


DOCNQQQ
Sharpe Ratio0.741.78
Sortino Ratio1.342.37
Omega Ratio1.161.32
Calmar Ratio0.472.28
Martin Ratio3.128.27
Ulcer Index11.79%3.73%
Daily Std Dev50.08%17.37%
Max Drawdown-84.78%-82.98%
Current Drawdown-70.16%-1.78%

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Correlation

-0.50.00.51.00.6

The correlation between DOCN and QQQ is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

DOCN vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for DigitalOcean Holdings, Inc. (DOCN) and Invesco QQQ (QQQ). 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.


Sharpe ratio
The chart of Sharpe ratio for DOCN, currently valued at 0.74, compared to the broader market-4.00-2.000.002.004.000.741.78
The chart of Sortino ratio for DOCN, currently valued at 1.34, compared to the broader market-4.00-2.000.002.004.001.342.37
The chart of Omega ratio for DOCN, currently valued at 1.16, compared to the broader market0.501.001.502.001.161.32
The chart of Calmar ratio for DOCN, currently valued at 0.47, compared to the broader market0.002.004.006.000.472.28
The chart of Martin ratio for DOCN, currently valued at 3.12, compared to the broader market0.0010.0020.0030.003.128.27
DOCN
QQQ

The current DOCN Sharpe Ratio is 0.74, which is lower than the QQQ Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of DOCN and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
0.74
1.78
DOCN
QQQ

Dividends

DOCN vs. QQQ - Dividend Comparison

DOCN has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.


TTM20232022202120202019201820172016201520142013
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%
QQQ
Invesco QQQ
0.60%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

DOCN vs. QQQ - Drawdown Comparison

The maximum DOCN drawdown since its inception was -84.78%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for DOCN and QQQ. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-70.16%
-1.78%
DOCN
QQQ

Volatility

DOCN vs. QQQ - Volatility Comparison

DigitalOcean Holdings, Inc. (DOCN) has a higher volatility of 19.44% compared to Invesco QQQ (QQQ) at 5.41%. This indicates that DOCN's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
19.44%
5.41%
DOCN
QQQ