DOCN vs. SPY
Compare and contrast key facts about DigitalOcean Holdings, Inc. (DOCN) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DOCN or SPY.
Correlation
The correlation between DOCN and SPY is 0.54, 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.
Performance
DOCN vs. SPY - Performance Comparison
Key characteristics
DOCN:
-0.06
SPY:
2.03
DOCN:
0.27
SPY:
2.71
DOCN:
1.03
SPY:
1.38
DOCN:
-0.04
SPY:
3.02
DOCN:
-0.26
SPY:
13.49
DOCN:
12.25%
SPY:
1.88%
DOCN:
49.92%
SPY:
12.48%
DOCN:
-84.78%
SPY:
-55.19%
DOCN:
-73.29%
SPY:
-3.54%
Returns By Period
In the year-to-date period, DOCN achieves a -5.18% return, which is significantly lower than SPY's 24.51% return.
DOCN
-5.18%
-4.45%
0.12%
-5.46%
N/A
N/A
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
DOCN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DigitalOcean Holdings, Inc. (DOCN) and SPDR S&P 500 ETF (SPY). 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.
Dividends
DOCN vs. SPY - Dividend Comparison
DOCN has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.87%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DOCN vs. SPY - Drawdown Comparison
The maximum DOCN drawdown since its inception was -84.78%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DOCN and SPY. For additional features, visit the drawdowns tool.
Volatility
DOCN vs. SPY - Volatility Comparison
DigitalOcean Holdings, Inc. (DOCN) has a higher volatility of 13.04% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that DOCN's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.