IBM vs. DOCN
IBM (International Business Machines Corporation) and DOCN (DigitalOcean Holdings, Inc.) are both stocks. Both are in the Technology sector — IBM in Information Technology Services, DOCN in Software - Infrastructure. Over the past 5 years, IBM returned 18.01%/yr vs 32.73%/yr for DOCN. At a 0.20 correlation, their price movements are largely independent.
Performance
IBM vs. DOCN - Performance Comparison
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Returns By Period
In the year-to-date period, IBM achieves a -6.89% return, which is significantly lower than DOCN's 254.20% return.
IBM
- 1D
- -0.95%
- 1M
- 24.14%
- YTD
- -6.89%
- 6M
- -10.81%
- 1Y
- 0.72%
- 3Y*
- 29.65%
- 5Y*
- 18.01%
- 10Y*
- 11.09%
DOCN
- 1D
- -2.47%
- 1M
- 10.05%
- YTD
- 254.20%
- 6M
- 257.62%
- 1Y
- 536.45%
- 3Y*
- 53.92%
- 5Y*
- 32.73%
- 10Y*
- —
IBM vs. DOCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | -6.89% | 38.23% | 39.27% | 21.85% | 10.64% | 11.07% |
DOCN DigitalOcean Holdings, Inc. | 254.20% | 41.24% | -7.14% | 44.05% | -68.29% | 93.57% |
Correlation
The correlation between IBM and DOCN is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.20 |
Fundamentals
IBM:
$259.20B
DOCN:
$19.07B
IBM:
$11.32
DOCN:
$2.42
IBM:
24.05
DOCN:
70.53
IBM:
0.29
DOCN:
0.27
IBM:
3.75
DOCN:
18.91
IBM:
7.86
DOCN:
21.50
IBM:
$68.91B
DOCN:
$948.63M
IBM:
$40.64B
DOCN:
$554.86M
IBM:
$15.71B
DOCN:
$373.00M
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Return for Risk
IBM vs. DOCN — Risk / Return Rank
IBM
DOCN
IBM vs. DOCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and DigitalOcean Holdings, Inc. (DOCN). 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.
| IBM | DOCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.26 | ||
| Sortino ratioReturn per unit of downside risk | -5.16 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.66 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 21.10 | -21.12 |
| Martin ratioReturn relative to average drawdown | -0.05 | 63.88 | -63.93 |
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Drawdowns
IBM vs. DOCN - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, smaller than the maximum DOCN drawdown of -84.78%. Use the drawdown chart below to compare losses from any high point for IBM and DOCN.
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Drawdown Indicators
| IBM | DOCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -84.78% | +15.38% |
Max Drawdown (1Y)Largest decline over 1 year | -30.96% | -24.11% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | -60.28% | +29.32% |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | -84.78% | +53.82% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | — | — |
Current DrawdownCurrent decline from peak | -17.31% | -5.57% | -11.74% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -58.89% | +38.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.38% | 7.95% | +6.43% |
Volatility
IBM vs. DOCN - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 21.43% compared to DigitalOcean Holdings, Inc. (DOCN) at 17.94%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier than DOCN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBM | DOCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.43% | 17.94% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 34.62% | 61.13% | -26.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.45% | 81.58% | -42.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.16% | 71.32% | -44.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 70.58% | -43.99% |
Dividends
IBM vs. DOCN - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 2.47%, while DOCN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IBM International Business Machines Corporation | 2.47% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
Financials
IBM vs. DOCN - Financials Comparison
This section allows you to compare key financial metrics between International Business Machines Corporation and DigitalOcean Holdings, 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
IBM vs. DOCN - Profitability Comparison
IBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, International Business Machines Corporation reported a gross profit of 8.95B and revenue of 15.92B. Therefore, the gross margin over that period was 56.2%.
DOCN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DigitalOcean Holdings, Inc. reported a gross profit of 144.71M and revenue of 257.91M. Therefore, the gross margin over that period was 56.1%.
IBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, International Business Machines Corporation reported an operating income of 1.22B and revenue of 15.92B, resulting in an operating margin of 7.6%.
DOCN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DigitalOcean Holdings, Inc. reported an operating income of 36.57M and revenue of 257.91M, resulting in an operating margin of 14.2%.
IBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, International Business Machines Corporation reported a net income of 1.22B and revenue of 15.92B, resulting in a net margin of 7.6%.
DOCN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DigitalOcean Holdings, Inc. reported a net income of 33.22M and revenue of 257.91M, resulting in a net margin of 12.9%.
Frequently Asked Questions
IBM and DOCN have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (21.43%) compared to DOCN (17.94%). In terms of maximum drawdown, IBM dropped -69.40% vs DOCN's -84.78%.
DOCN currently has the higher Sharpe Ratio (6.24 vs -0.02), 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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