DMC vs DOCN: Correlation
Measured on weekly returns over the past three years, Del Monte Corporation (DMC) and DigitalOcean Holdings, Inc. (DOCN) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMC and DOCN?
Over the past 3 years, DMC and DOCN moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -447.4 %².
Among the 17 assets we track against DMC, DOCN sits near the bottom by co-movement, at rank #17. The last year tells two different stories: DOCN led by 287.1 percentage points, -11.1% for DMC against +276.0% for DOCN. Note the risk asymmetry: DOCN runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DMC vs DOCN: side by side
| DMC (Del Monte Corporation) | DOCN (DigitalOcean Holdings, Inc.) | |
|---|---|---|
| 1-year return | -11.1% | +276.0% |
| 5-year return | +13.3% | +95.5% |
| Volatility (ann.) | 25.4% | 64.8% |
| Beta vs S&P 500 | -0.11 | 1.71 |
| Max drawdown (3Y) | -36.5% | -44.9% |
| Market cap | $1.5B | $14.3B |
| P/E (trailing) | 44.2 | 52.4 |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMC | DOCN |
|---|---|---|
| 2022 | -3.0% | -68.3% |
| 2023 | +3.1% | +44.1% |
| 2024 | +31.3% | -7.1% |
| 2025 | +11.1% | +41.2% |
| 2026 | -9.6% | +152.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMC and DOCN good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DMC and DOCN?
The DMC/DOCN correlation stands at -0.27 on a 3-year window (1 year: -0.35, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is DOCN a good diversifier for DMC?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/dmc-vs-docn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dmc-vs-docn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMC correlations · DOCN correlations
