DOCN vs. ^IXIC
Compare and contrast key facts about DigitalOcean Holdings, Inc. (DOCN) and NASDAQ Composite (^IXIC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DOCN or ^IXIC.
Correlation
The correlation between DOCN and ^IXIC is 0.60, 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. ^IXIC - Performance Comparison
Key characteristics
DOCN:
0.02
^IXIC:
1.61
DOCN:
0.39
^IXIC:
2.15
DOCN:
1.05
^IXIC:
1.29
DOCN:
0.01
^IXIC:
2.24
DOCN:
0.06
^IXIC:
8.08
DOCN:
13.18%
^IXIC:
3.64%
DOCN:
49.69%
^IXIC:
18.30%
DOCN:
-84.78%
^IXIC:
-77.93%
DOCN:
-72.92%
^IXIC:
-4.14%
Returns By Period
In the year-to-date period, DOCN achieves a 3.52% return, which is significantly higher than ^IXIC's 0.14% return.
DOCN
3.52%
-6.59%
5.66%
2.77%
N/A
N/A
^IXIC
0.14%
-3.83%
8.21%
30.17%
15.60%
15.39%
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Risk-Adjusted Performance
DOCN vs. ^IXIC — Risk-Adjusted Performance Rank
DOCN
^IXIC
DOCN vs. ^IXIC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DigitalOcean Holdings, Inc. (DOCN) and NASDAQ Composite (^IXIC). 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.
Drawdowns
DOCN vs. ^IXIC - Drawdown Comparison
The maximum DOCN drawdown since its inception was -84.78%, which is greater than ^IXIC's maximum drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for DOCN and ^IXIC. For additional features, visit the drawdowns tool.
Volatility
DOCN vs. ^IXIC - Volatility Comparison
DigitalOcean Holdings, Inc. (DOCN) has a higher volatility of 11.39% compared to NASDAQ Composite (^IXIC) at 6.52%. This indicates that DOCN's price experiences larger fluctuations and is considered to be riskier than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.