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Dungeon Defenders II game Status:
There is a formula, yes, but it doesn't really matter. The game is loaded with diminishing returns. You just need to know that the higher the stat, the less the gain for a single point (this goes for every single stat, hero and tower, by the way).
That is, adding 10 points from 1000 to 1010 is going to do more than the 10 points from 1100 to 1110.
Also, you should aim to have a 3:2 ratio for attack to speed. So, with 1500 attack, you only need about 1000 speed. Pushing your attack speed too close to your attack damage is not maximising the DPS.