DOCN vs SYNA: Correlation
DigitalOcean Holdings, Inc. (DOCN) and Synaptics Incorporated (SYNA) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCN and SYNA?
On 3 years of weekly data the DOCN/SYNA correlation comes out at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 1650.0 %².
Among the 16 assets we track against DOCN, SYNA ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DOCN outperformed by 238.2 percentage points (+276.0% for DOCN against +37.8% for SYNA).
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 SYNA: side by side
| DOCN (DigitalOcean Holdings, Inc.) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +276.0% | +37.8% |
| 5-year return | +95.5% | -48.2% |
| Volatility (ann.) | 64.8% | 49.6% |
| Beta vs S&P 500 | 1.71 | 2.15 |
| Max drawdown (3Y) | -44.9% | -64.2% |
| Market cap | $14.3B | $3.8B |
| P/E (trailing) | 52.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCN | SYNA |
|---|---|---|
| 2022 | -68.3% | -67.1% |
| 2023 | +44.1% | +19.9% |
| 2024 | -7.1% | -33.1% |
| 2025 | +41.2% | -3.0% |
| 2026 | +152.9% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCN and SYNA good diversifiers for each other?
Only partially. A correlation of 0.51 means DOCN and SYNA 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 SYNA?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.59 over the last year and 0.47 over 5 years.
Is SYNA a good diversifier for DOCN?
Only partially. A correlation of 0.51 means DOCN and SYNA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DOCN correlations · SYNA correlations
