ROKU vs. DOCN
ROKU (Roku, Inc.) and DOCN (DigitalOcean Holdings, Inc.) are both stocks. ROKU operates in Entertainment (Communication Services), while DOCN operates in Software - Infrastructure (Technology). Over the past 5 years, ROKU returned -19.19%/yr vs 19.35%/yr for DOCN. At a 0.48 correlation, their price movements are largely independent.
Performance
ROKU vs. DOCN - Performance Comparison
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Returns By Period
In the year-to-date period, ROKU achieves a 31.20% return, which is significantly lower than DOCN's 156.28% return.
ROKU
- 1D
- 1.17%
- 1M
- -0.92%
- 6M
- 28.56%
- YTD
- 31.20%
- 1Y
- 59.95%
- 3Y*
- 24.35%
- 5Y*
- -19.19%
- 10Y*
- —
DOCN
- 1D
- -5.49%
- 1M
- -27.65%
- 6M
- 122.88%
- YTD
- 156.28%
- 1Y
- 336.84%
- 3Y*
- 38.29%
- 5Y*
- 19.35%
- 10Y*
- —
ROKU vs. DOCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ROKU Roku, Inc. | 31.20% | 45.94% | -18.90% | 125.21% | -82.16% | -33.32% |
DOCN DigitalOcean Holdings, Inc. | 156.28% | 41.24% | -7.14% | 44.05% | -68.29% | 93.57% |
Correlation
The correlation between ROKU and DOCN is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.48 |
Over the past year, the correlation between ROKU and DOCN has dropped to 0.28 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
Fundamentals
ROKU:
$21.12B
DOCN:
$12.87B
ROKU:
$1.33
DOCN:
$2.38
ROKU:
106.85
DOCN:
51.78
ROKU:
4.34
DOCN:
13.88
ROKU:
8.05
DOCN:
15.55
ROKU:
$4.97B
DOCN:
$948.63M
ROKU:
$2.19B
DOCN:
$554.86M
ROKU:
$280.30M
DOCN:
$373.00M
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Return for Risk
ROKU vs. DOCN — Risk / Return Rank
ROKU
DOCN
ROKU vs. DOCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roku, Inc. (ROKU) 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.
| ROKU | DOCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.50 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 10.61 | -8.44 |
| Martin ratioReturn relative to average drawdown | 6.11 | 35.39 | -29.28 |
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Drawdowns
ROKU vs. DOCN - Drawdown Comparison
The maximum ROKU drawdown since its inception was -91.91%, which is greater than DOCN's maximum drawdown of -84.78%. Use the drawdown chart below to compare losses from any high point for ROKU and DOCN.
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Drawdown Indicators
| ROKU | DOCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.91% | -84.78% | -7.13% |
Max Drawdown (1Y)Largest decline over 1 year | -27.69% | -31.98% | +4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -60.28% | +8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -91.91% | -84.78% | -7.13% |
Current DrawdownCurrent decline from peak | -70.31% | -31.98% | -38.33% |
Average DrawdownAverage peak-to-trough decline | -52.99% | -58.29% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.84% | 9.57% | +0.27% |
Volatility
ROKU vs. DOCN - Volatility Comparison
The current volatility for Roku, Inc. (ROKU) is 19.10%, while DigitalOcean Holdings, Inc. (DOCN) has a volatility of 22.82%. This indicates that ROKU experiences smaller price fluctuations and is considered to be less risky 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
| ROKU | DOCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.10% | 22.82% | -3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 35.12% | 64.68% | -29.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.39% | 84.48% | -37.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.91% | 71.60% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.14% | 70.79% | +4.35% |
Dividends
ROKU vs. DOCN - Dividend Comparison
Neither ROKU nor DOCN has paid dividends to shareholders.
Financials
ROKU vs. DOCN - Financials Comparison
This section allows you to compare key financial metrics between Roku, Inc. 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
ROKU vs. DOCN - Profitability Comparison
ROKU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Roku, Inc. reported a gross profit of 564.94M and revenue of 1.25B. Therefore, the gross margin over that period was 45.2%.
DOCN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
ROKU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Roku, Inc. reported an operating income of 51.77M and revenue of 1.25B, resulting in an operating margin of 4.2%.
DOCN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, DigitalOcean Holdings, Inc. reported an operating income of 36.57M and revenue of 257.91M, resulting in an operating margin of 14.2%.
ROKU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Roku, Inc. reported a net income of 85.70M and revenue of 1.25B, resulting in a net margin of 6.9%.
DOCN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
ROKU and DOCN have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCN has higher volatility (22.82%) compared to ROKU (19.10%). In terms of maximum drawdown, ROKU dropped -91.91% vs DOCN's -84.78%.
DOCN currently has the higher Sharpe Ratio (4.03 vs 1.27), 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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