DOCN vs INV: Correlation
DigitalOcean Holdings, Inc. (DOCN) and Innventure, Inc. (INV) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCN and INV?
On 3 years of weekly data the DOCN/INV correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 2096.7 %².
By 3-year correlation, INV places #11 of the 16 assets tracked against DOCN. Their recent paths diverged sharply: over the last 12 months DOCN outperformed by 345.4 percentage points (+276.0% for DOCN against -69.4% for INV).
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.
DOCN vs INV: side by side
| DOCN (DigitalOcean Holdings, Inc.) | INV (Innventure, Inc.) | |
|---|---|---|
| 1-year return | +276.0% | -69.4% |
| 5-year return | +95.5% | -85.4% |
| Volatility (ann.) | 64.8% | 90.9% |
| Beta vs S&P 500 | 1.71 | 1.31 |
| Max drawdown (3Y) | -44.9% | -90.4% |
| Market cap | $14.3B | $0.1B |
| P/E (trailing) | 52.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCN | INV |
|---|---|---|
| 2022 | -68.3% | +1.1% |
| 2023 | +44.1% | +7.3% |
| 2024 | -7.1% | +27.8% |
| 2025 | +41.2% | -69.8% |
| 2026 | +152.9% | -65.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCN and INV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOCN and INV?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.39 over the last year and 0.26 over 5 years.
Is INV a good diversifier for DOCN?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/docn-vs-inv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/docn-vs-inv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOCN correlations · INV correlations
