AKAM vs DOCN: Correlation
Akamai Technologies (AKAM) and DigitalOcean Holdings, Inc. (DOCN) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and DOCN?
On 3 years of weekly data the AKAM/DOCN correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 1765.5 %².
Few assets follow AKAM as closely as DOCN, which ranks #1 of 30 tracked partners. Correlation aside, the last 12 months split them widely, with DOCN ahead by 233.9 points (+42.1% versus +276.0%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AKAM vs DOCN: side by side
| AKAM (Akamai Technologies) | DOCN (DigitalOcean Holdings, Inc.) | |
|---|---|---|
| 1-year return | +42.1% | +276.0% |
| 5-year return | -1.6% | +95.5% |
| Volatility (ann.) | 45.7% | 64.8% |
| Beta vs S&P 500 | 0.58 | 1.71 |
| Max drawdown (3Y) | -46.8% | -44.9% |
| Market cap | $16.0B | $14.3B |
| P/E (trailing) | 40.3 | 52.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AKAM | DOCN |
|---|---|---|
| 2022 | -28.0% | -68.3% |
| 2023 | +40.4% | +44.1% |
| 2024 | -19.2% | -7.1% |
| 2025 | -8.8% | +41.2% |
| 2026 | +27.5% | +152.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and DOCN good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AKAM and DOCN?
As of 2026-08-27, the correlation of weekly returns between AKAM and DOCN is 0.60 over 3 years, 0.70 over 1 year and 0.50 over 5 years.
Is DOCN a good diversifier for AKAM?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/akam-vs-docn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akam-vs-docn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAM correlations · DOCN correlations
