DOCN vs. UPWK
DOCN (DigitalOcean Holdings, Inc.) and UPWK (Upwork Inc.) are both stocks. DOCN operates in Software - Infrastructure (Technology), while UPWK operates in Staffing & Employment Services (Industrials). Over the past 5 years, DOCN returned 32.73%/yr vs -30.02%/yr for UPWK. At a 0.46 correlation, their price movements are largely independent.
Performance
DOCN vs. UPWK - 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 UPWK's -57.16% return.
DOCN
- 1D
- -2.47%
- 1M
- 10.05%
- YTD
- 254.20%
- 6M
- 257.62%
- 1Y
- 536.45%
- 3Y*
- 53.92%
- 5Y*
- 32.73%
- 10Y*
- —
UPWK
- 1D
- 0.35%
- 1M
- 5.07%
- YTD
- -57.16%
- 6M
- -61.32%
- 1Y
- -38.61%
- 3Y*
- -3.10%
- 5Y*
- -30.02%
- 10Y*
- —
DOCN vs. UPWK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOCN DigitalOcean Holdings, Inc. | 254.20% | 41.24% | -7.14% | 44.05% | -68.29% | 93.57% |
UPWK Upwork Inc. | -57.16% | 21.22% | 9.95% | 42.43% | -69.44% | -24.06% |
Correlation
The correlation between DOCN and UPWK is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.46 |
Over the past year, the correlation between DOCN and UPWK has dropped to 0.11 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
Fundamentals
DOCN:
$19.07B
UPWK:
$1.15B
DOCN:
$2.42
UPWK:
$0.79
DOCN:
70.53
UPWK:
10.79
DOCN:
0.27
UPWK:
0.07
DOCN:
18.91
UPWK:
1.98
DOCN:
21.50
UPWK:
2.02
DOCN:
$948.63M
UPWK:
$595.10M
DOCN:
$554.86M
UPWK:
$612.97M
DOCN:
$373.00M
UPWK:
$152.42M
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Return for Risk
DOCN vs. UPWK — Risk / Return Rank
DOCN
UPWK
DOCN vs. UPWK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DigitalOcean Holdings, Inc. (DOCN) and Upwork Inc. (UPWK). 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 | UPWK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.94 | ||
| Sortino ratioReturn per unit of downside risk | +6.24 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 0.90 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 21.10 | -0.65 | +21.76 |
| Martin ratioReturn relative to average drawdown | 63.88 | -1.33 | +65.22 |
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Drawdowns
DOCN vs. UPWK - Drawdown Comparison
The maximum DOCN drawdown since its inception was -84.78%, roughly equal to the maximum UPWK drawdown of -87.48%. Use the drawdown chart below to compare losses from any high point for DOCN and UPWK.
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Drawdown Indicators
| DOCN | UPWK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.78% | -87.48% | +2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -24.11% | -63.46% | +39.35% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -63.46% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -84.78% | -87.48% | +2.70% |
Current DrawdownCurrent decline from peak | -5.57% | -86.01% | +80.44% |
Average DrawdownAverage peak-to-trough decline | -58.89% | -56.45% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 31.15% | -23.20% |
Volatility
DOCN vs. UPWK - Volatility Comparison
DigitalOcean Holdings, Inc. (DOCN) has a higher volatility of 17.94% compared to Upwork Inc. (UPWK) at 14.92%. This indicates that DOCN's price experiences larger fluctuations and is considered to be riskier than UPWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCN | UPWK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.94% | 14.92% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 61.13% | 46.56% | +14.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.58% | 58.92% | +22.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.32% | 63.38% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.58% | 64.76% | +5.82% |
Dividends
DOCN vs. UPWK - Dividend Comparison
Neither DOCN nor UPWK has paid dividends to shareholders.
Financials
DOCN vs. UPWK - Financials Comparison
This section allows you to compare key financial metrics between DigitalOcean Holdings, Inc. and Upwork 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
Frequently Asked Questions
DOCN and UPWK have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCN has higher volatility (17.94%) compared to UPWK (14.92%). In terms of maximum drawdown, DOCN dropped -84.78% vs UPWK's -87.48%.
DOCN currently has the higher Sharpe Ratio (6.24 vs -0.70), 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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