BILI vs. DOCU
BILI (Bilibili Inc.) and DOCU (DocuSign, Inc.) are both stocks. BILI operates in Electronic Gaming & Multimedia (Communication Services), while DOCU operates in Software - Application (Technology). Over the past 5 years, BILI returned -30.66%/yr vs -29.19%/yr for DOCU. At a 0.32 correlation, their price movements are largely independent.
Performance
BILI vs. DOCU - Performance Comparison
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Returns By Period
In the year-to-date period, BILI achieves a -27.37% return, which is significantly higher than DOCU's -34.17% return.
BILI
- 1D
- -2.72%
- 1M
- -12.11%
- YTD
- -27.37%
- 6M
- -27.40%
- 1Y
- -10.79%
- 3Y*
- 1.92%
- 5Y*
- -30.66%
- 10Y*
- —
DOCU
- 1D
- 1.08%
- 1M
- -1.03%
- YTD
- -34.17%
- 6M
- -36.68%
- 1Y
- -39.20%
- 3Y*
- -6.61%
- 5Y*
- -29.19%
- 10Y*
- —
BILI vs. DOCU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BILI Bilibili Inc. | -27.37% | 35.78% | 48.81% | -48.63% | -48.94% | -45.87% | 360.37% | 27.62% | 32.64% |
DOCU DocuSign, Inc. | -34.17% | -23.95% | 51.29% | 7.27% | -63.61% | -31.48% | 199.96% | 84.91% | 5.47% |
Correlation
The correlation between BILI and DOCU is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018 | 0.32 |
The correlation between BILI and DOCU shifts across timeframes, from 0.12 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BILI:
$8.21B
DOCU:
$8.85B
BILI:
CN¥3.12
DOCU:
$1.53
BILI:
38.79
DOCU:
29.42
BILI:
1.78
DOCU:
2.82
BILI:
3.57
DOCU:
4.86
BILI:
CN¥30.77B
DOCU:
$3.29B
BILI:
CN¥11.33B
DOCU:
$2.61B
BILI:
CN¥1.53B
DOCU:
$568.83M
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Return for Risk
BILI vs. DOCU — Risk / Return Rank
BILI
DOCU
BILI vs. DOCU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bilibili Inc. (BILI) and DocuSign, Inc. (DOCU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BILI | DOCU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.85 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | -0.80 | +0.54 |
| Martin ratioReturn relative to average drawdown | -0.60 | -1.36 | +0.76 |
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Drawdowns
BILI vs. DOCU - Drawdown Comparison
The maximum BILI drawdown since its inception was -94.30%, which is greater than DOCU's maximum drawdown of -87.57%. Use the drawdown chart below to compare losses from any high point for BILI and DOCU.
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Drawdown Indicators
| BILI | DOCU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.30% | -87.57% | -6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -52.06% | -50.89% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -60.98% | +7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -92.97% | -87.57% | -5.40% |
Current DrawdownCurrent decline from peak | -88.58% | -85.48% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -57.96% | -49.90% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.32% | 30.04% | -6.72% |
Volatility
BILI vs. DOCU - Volatility Comparison
Bilibili Inc. (BILI) has a higher volatility of 18.55% compared to DocuSign, Inc. (DOCU) at 16.54%. This indicates that BILI's price experiences larger fluctuations and is considered to be riskier than DOCU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BILI | DOCU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.55% | 16.54% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 36.58% | 34.72% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.74% | 44.60% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.14% | 57.83% | +21.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.93% | 56.45% | +17.48% |
Dividends
BILI vs. DOCU - Dividend Comparison
Neither BILI nor DOCU has paid dividends to shareholders.
Financials
BILI vs. DOCU - Financials Comparison
This section allows you to compare key financial metrics between Bilibili Inc. and DocuSign, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BILI vs. DOCU - Profitability Comparison
BILI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a gross profit of 2.76B and revenue of 7.43B. Therefore, the gross margin over that period was 37.1%.
DOCU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DocuSign, Inc. reported a gross profit of 658.97M and revenue of 830.24M. Therefore, the gross margin over that period was 79.4%.
BILI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported an operating income of 165.75M and revenue of 7.43B, resulting in an operating margin of 2.2%.
DOCU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DocuSign, Inc. reported an operating income of 111.31M and revenue of 830.24M, resulting in an operating margin of 13.4%.
BILI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a net income of 208.51M and revenue of 7.43B, resulting in a net margin of 2.8%.
DOCU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DocuSign, Inc. reported a net income of 78.20M and revenue of 830.24M, resulting in a net margin of 9.4%.
Frequently Asked Questions
BILI and DOCU have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BILI has higher volatility (18.55%) compared to DOCU (16.54%). In terms of maximum drawdown, BILI dropped -94.30% vs DOCU's -87.57%.
BILI currently has the higher Sharpe Ratio (-0.28 vs -0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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