DBX vs. ADBE

Last updated Apr 1, 2026

Compare and contrast key facts about Dropbox, Inc. (DBX) and Adobe Inc (ADBE).

Performance

DBX vs. ADBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dropbox, Inc. (DBX) and Adobe Inc (ADBE). The values are adjusted to include any dividend payments, if applicable.

DBX vs. ADBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DBX Dropbox, Inc.	-18.27%	-7.46%	1.90%	31.72%	-8.80%	10.59%	23.90%	-12.33%	-28.27%
ADBE Adobe Inc	-30.55%	-21.29%	-25.46%	77.28%	-40.65%	13.38%	51.64%	45.78%	5.22%

Fundamentals

Market Cap DBX : $5.78B ADBE : $99.91B
EPS DBX : $1.92 ADBE : $17.05
PE Ratio DBX : 11.86 ADBE : 14.26
PEG Ratio DBX : 0.46 ADBE : 1.00
PS Ratio DBX : 2.39 ADBE : 4.20
Total Revenue (TTM) DBX : $2.52B ADBE : $24.45B
Gross Profit (TTM) DBX : $2.02B ADBE : $21.82B
EBITDA (TTM) DBX : $828.20M ADBE : $9.71B

Returns By Period

In the year-to-date period, DBX achieves a -18.27% return, which is significantly higher than ADBE's -30.55% return.

DBX

• 1D: 0.71%
• 1M: -9.08%
• YTD: -18.27%
• 6M: -24.79%
• 1Y: -14.94%
• 3Y*: 1.67%
• 5Y*: -3.67%
• 10Y*: —

ADBE

• 1D: 0.81%
• 1M: -7.37%
• YTD: -30.55%
• 6M: -31.09%
• 1Y: -36.62%
• 3Y*: -14.24%
• 5Y*: -12.84%
• 10Y*: 9.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DBX vs. ADBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBX

DBX Risk / Return Rank: 20
DBX Sharpe Ratio Rank: 18
DBX Sortino Ratio Rank: 18
DBX Omega Ratio Rank: 19
DBX Calmar Ratio Rank: 27
DBX Martin Ratio Rank: 19

ADBE

ADBE Risk / Return Rank: 6
ADBE Sharpe Ratio Rank: 2
ADBE Sortino Ratio Rank: 4
ADBE Omega Ratio Rank: 5
ADBE Calmar Ratio Rank: 11
ADBE Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBX vs. ADBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dropbox, Inc. (DBX) and Adobe Inc (ADBE). 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.

	DBX	ADBE	Difference
Sharpe ratio Return per unit of total volatility	-0.53	-1.19	+0.65
Sortino ratio Return per unit of downside risk	-0.62	-1.66	+1.04
Omega ratio Gain probability vs. loss probability	0.93	0.79	+0.14
Calmar ratio Return relative to maximum drawdown	-0.46	-0.84	+0.37
Martin ratio Return relative to average drawdown	-1.19	-1.73	+0.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBX vs. ADBE - Sharpe Ratio Comparison

The current DBX Sharpe Ratio is -0.53, which is higher than the ADBE Sharpe Ratio of -1.19. The chart below compares the historical Sharpe Ratios of DBX and ADBE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DBX	ADBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	-1.19	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	-0.36	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.41	-0.48

Correlation

The correlation between DBX and ADBE is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DBX vs. ADBE - Dividend Comparison

Neither DBX nor ADBE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DBX vs. ADBE - Drawdown Comparison

The maximum DBX drawdown since its inception was -62.64%, smaller than the maximum ADBE drawdown of -79.89%. Use the drawdown chart below to compare losses from any high point for DBX and ADBE.

Drawdown Indicators

	DBX	ADBE	Difference
Max Drawdown Largest peak-to-trough decline	-62.64%	-79.89%	+17.25%
Max Drawdown (1Y) Largest decline over 1 year	-31.15%	-44.18%	+13.03%
Max Drawdown (5Y) Largest decline over 5 years	-41.52%	-65.88%	+24.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-65.88%	—
Current Drawdown Current decline from peak	-45.90%	-64.69%	+18.79%
Average Drawdown Average peak-to-trough decline	-40.53%	-25.80%	-14.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.17%	21.32%	-9.15%

Volatility

DBX vs. ADBE - Volatility Comparison

The current volatility for Dropbox, Inc. (DBX) is 9.33%, while Adobe Inc (ADBE) has a volatility of 12.02%. This indicates that DBX experiences smaller price fluctuations and is considered to be less risky than ADBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBX	ADBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.33%	12.02%	-2.69%
Volatility (6M) Calculated over the trailing 6-month period	20.84%	23.69%	-2.85%
Volatility (1Y) Calculated over the trailing 1-year period	28.25%	30.98%	-2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.11%	35.53%	-3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.51%	33.87%	+4.64%

Financials

DBX vs. ADBE - Profitability Comparison

The chart below illustrates the profitability comparison between Dropbox, Inc. and Adobe Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DBX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Dropbox, Inc. reported a gross profit of 504.10M and revenue of 636.20M. Therefore, the gross margin over that period was 79.2%.

ADBE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Adobe Inc reported a gross profit of 5.73B and revenue of 6.40B. Therefore, the gross margin over that period was 89.6%.

DBX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Dropbox, Inc. reported an operating income of 156.10M and revenue of 636.20M, resulting in an operating margin of 24.5%.

ADBE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Adobe Inc reported an operating income of 2.42B and revenue of 6.40B, resulting in an operating margin of 37.8%.

DBX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Dropbox, Inc. reported a net income of 108.70M and revenue of 636.20M, resulting in a net margin of 17.1%.

ADBE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Adobe Inc reported a net income of 1.89B and revenue of 6.40B, resulting in a net margin of 29.5%.