ZBRA vs. DOCN
ZBRA (Zebra Technologies Corporation) and DOCN (DigitalOcean Holdings, Inc.) are both stocks. Both are in the Technology sector — ZBRA in Communication Equipment, DOCN in Software - Infrastructure. Over the past 5 years, ZBRA returned -14.79%/yr vs 32.73%/yr for DOCN. At a 0.48 correlation, their price movements are largely independent.
Performance
ZBRA vs. DOCN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZBRA achieves a -5.93% return, which is significantly lower than DOCN's 254.20% return.
ZBRA
- 1D
- 2.69%
- 1M
- -11.93%
- YTD
- -5.93%
- 6M
- -14.89%
- 1Y
- -19.46%
- 3Y*
- -6.94%
- 5Y*
- -14.79%
- 10Y*
- 15.25%
DOCN
- 1D
- -2.47%
- 1M
- 10.05%
- YTD
- 254.20%
- 6M
- 257.62%
- 1Y
- 536.45%
- 3Y*
- 53.92%
- 5Y*
- 32.73%
- 10Y*
- —
ZBRA vs. DOCN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZBRA Zebra Technologies Corporation | -5.93% | -37.13% | 41.30% | 6.60% | -56.92% | 28.65% |
DOCN DigitalOcean Holdings, Inc. | 254.20% | 41.24% | -7.14% | 44.05% | -68.29% | 93.57% |
Correlation
The correlation between ZBRA 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 | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.48 |
Over the past year, the correlation between ZBRA and DOCN has dropped to 0.28 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
Fundamentals
ZBRA:
$11.57B
DOCN:
$19.07B
ZBRA:
$8.16
DOCN:
$2.42
ZBRA:
27.99
DOCN:
70.53
ZBRA:
2.10
DOCN:
18.91
ZBRA:
3.33
DOCN:
21.50
ZBRA:
$5.58B
DOCN:
$948.63M
ZBRA:
$2.65B
DOCN:
$554.86M
ZBRA:
$1.02B
DOCN:
$373.00M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZBRA vs. DOCN — Risk / Return Rank
ZBRA
DOCN
ZBRA vs. DOCN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zebra Technologies Corporation (ZBRA) 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.
| ZBRA | DOCN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.76 | ||
| Sortino ratioReturn per unit of downside risk | -5.92 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.66 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 21.10 | -21.63 |
| Martin ratioReturn relative to average drawdown | -0.90 | 63.88 | -64.79 |
Loading charts...
Drawdowns
ZBRA vs. DOCN - Drawdown Comparison
The maximum ZBRA drawdown since its inception was -73.42%, smaller than the maximum DOCN drawdown of -84.78%. Use the drawdown chart below to compare losses from any high point for ZBRA and DOCN.
Loading charts...
Drawdown Indicators
| ZBRA | DOCN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.42% | -84.78% | +11.36% |
Max Drawdown (1Y)Largest decline over 1 year | -41.62% | -24.11% | -17.51% |
Max Drawdown (3Y)Largest decline over 3 years | -52.67% | -60.28% | +7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -67.78% | -84.78% | +17.00% |
Max Drawdown (10Y)Largest decline over 10 years | -67.78% | — | — |
Current DrawdownCurrent decline from peak | -62.83% | -5.57% | -57.26% |
Average DrawdownAverage peak-to-trough decline | -27.71% | -58.89% | +31.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.36% | 7.95% | +16.41% |
Volatility
ZBRA vs. DOCN - Volatility Comparison
The current volatility for Zebra Technologies Corporation (ZBRA) is 14.63%, while DigitalOcean Holdings, Inc. (DOCN) has a volatility of 17.94%. This indicates that ZBRA 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.
Loading charts...
Volatility by Period
| ZBRA | DOCN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.63% | 17.94% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 31.30% | 61.13% | -29.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.22% | 81.58% | -39.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.49% | 71.32% | -30.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.38% | 70.58% | -31.20% |
Dividends
ZBRA vs. DOCN - Dividend Comparison
Neither ZBRA nor DOCN has paid dividends to shareholders.
Financials
ZBRA vs. DOCN - Financials Comparison
This section allows you to compare key financial metrics between Zebra Technologies 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
ZBRA vs. DOCN - Profitability Comparison
ZBRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zebra Technologies Corporation reported a gross profit of 742.00M and revenue of 1.50B. Therefore, the gross margin over that period was 49.6%.
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%.
ZBRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zebra Technologies Corporation reported an operating income of 215.00M and revenue of 1.50B, resulting in an operating margin of 14.4%.
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%.
ZBRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zebra Technologies Corporation reported a net income of 135.00M and revenue of 1.50B, resulting in a net margin of 9.0%.
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
ZBRA 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 (17.94%) compared to ZBRA (14.63%). In terms of maximum drawdown, ZBRA dropped -73.42% vs DOCN's -84.78%.
DOCN currently has the higher Sharpe Ratio (6.24 vs -0.52), 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.
Find the right allocation for ZBRA and DOCN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer