DOCN vs STRL: Correlation
Measured on weekly returns over the past three years, DigitalOcean Holdings, Inc. (DOCN) and Sterling Infrastructure, Inc. (STRL) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCN and STRL?
Over the past 3 years, DOCN and STRL moved with a correlation of 0.52, which is moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.52). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 2260.9 %².
By 3-year correlation, STRL places #4 of the 16 assets tracked against DOCN. The last year tells two different stories: DOCN led by 201.0 percentage points, +276.0% for DOCN against +75.0% for STRL.
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 STRL: side by side
| DOCN (DigitalOcean Holdings, Inc.) | STRL (Sterling Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | +276.0% | +75.0% |
| 5-year return | +95.5% | +2095.9% |
| Volatility (ann.) | 64.8% | 66.9% |
| Beta vs S&P 500 | 1.71 | 2.13 |
| Max drawdown (3Y) | -44.9% | -51.1% |
| Market cap | $14.3B | $15.5B |
| P/E (trailing) | 52.4 | 36.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCN | STRL |
|---|---|---|
| 2022 | -68.3% | +24.7% |
| 2023 | +44.1% | +168.1% |
| 2024 | -7.1% | +91.6% |
| 2025 | +41.2% | +81.8% |
| 2026 | +152.9% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCN and STRL good diversifiers for each other?
Only partially. A correlation of 0.52 means DOCN and STRL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DOCN and STRL?
As of 2026-08-27, the correlation of weekly returns between DOCN and STRL is 0.52 over 3 years, 0.65 over 1 year and 0.41 over 5 years.
Is STRL a good diversifier for DOCN?
Only partially. A correlation of 0.52 means DOCN and STRL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/docn-vs-strl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/docn-vs-strl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOCN correlations · STRL correlations
