DOCN vs. SPRX
DOCN (DigitalOcean Holdings, Inc.) is a stock, while SPRX (Spear Alpha ETF) is Technology Equities fund actively managed by Spear. Over the past 3 years, DOCN returned 53.92%/yr vs 43.37%/yr for SPRX. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
DOCN vs. SPRX - 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 SPRX's 43.69% return.
DOCN
- 1D
- -2.47%
- 1M
- 10.05%
- YTD
- 254.20%
- 6M
- 257.62%
- 1Y
- 536.45%
- 3Y*
- 53.92%
- 5Y*
- 32.73%
- 10Y*
- —
SPRX
- 1D
- 1.50%
- 1M
- 14.89%
- YTD
- 43.69%
- 6M
- 43.35%
- 1Y
- 106.26%
- 3Y*
- 43.37%
- 5Y*
- —
- 10Y*
- —
DOCN vs. SPRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOCN DigitalOcean Holdings, Inc. | 254.20% | 41.24% | -7.14% | 44.05% | -68.29% | 32.32% |
SPRX Spear Alpha ETF | 43.69% | 41.91% | 20.58% | 88.02% | -44.99% | 9.15% |
Correlation
The correlation between DOCN and SPRX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2021 | 0.65 |
The correlation between DOCN and SPRX shifts across timeframes, from 0.48 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DOCN vs. SPRX — Risk / Return Rank
DOCN
SPRX
DOCN vs. SPRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DigitalOcean Holdings, Inc. (DOCN) and Spear Alpha ETF (SPRX). 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 | SPRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.34 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 21.10 | 4.23 | +16.88 |
| Martin ratioReturn relative to average drawdown | 63.88 | 13.10 | +50.79 |
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Drawdowns
DOCN vs. SPRX - Drawdown Comparison
The maximum DOCN drawdown since its inception was -84.78%, which is greater than SPRX's maximum drawdown of -51.21%. Use the drawdown chart below to compare losses from any high point for DOCN and SPRX.
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Drawdown Indicators
| DOCN | SPRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.78% | -51.21% | -33.57% |
Max Drawdown (1Y)Largest decline over 1 year | -24.11% | -24.21% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -42.12% | -18.16% |
Max Drawdown (5Y)Largest decline over 5 years | -84.78% | — | — |
Current DrawdownCurrent decline from peak | -5.57% | -5.87% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -58.89% | -17.58% | -41.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 7.80% | +0.15% |
Volatility
DOCN vs. SPRX - Volatility Comparison
The current volatility for DigitalOcean Holdings, Inc. (DOCN) is 17.94%, while Spear Alpha ETF (SPRX) has a volatility of 19.77%. This indicates that DOCN experiences smaller price fluctuations and is considered to be less risky than SPRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCN | SPRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.94% | 19.77% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 61.13% | 38.52% | +22.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.58% | 45.91% | +35.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.32% | 42.15% | +29.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.58% | 42.15% | +28.43% |
Dividends
DOCN vs. SPRX - Dividend Comparison
Neither DOCN nor SPRX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DOCN DigitalOcean Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPRX Spear Alpha ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% |
Frequently Asked Questions
DOCN and SPRX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPRX has higher volatility (19.77%) compared to DOCN (17.94%). In terms of maximum drawdown, DOCN dropped -84.78% vs SPRX's -51.21%.
DOCN currently has the higher Sharpe Ratio (6.24 vs 2.23), 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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