DBX vs. ADBE
DBX (Dropbox, Inc.) and ADBE (Adobe Inc) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 5 years, DBX returned -2.82%/yr vs -19.44%/yr for ADBE. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
DBX vs. ADBE - Performance Comparison
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Returns By Period
In the year-to-date period, DBX achieves a -7.19% return, which is significantly higher than ADBE's -44.31% return.
DBX
- 1D
- -0.65%
- 1M
- -5.94%
- YTD
- -7.19%
- 6M
- -9.44%
- 1Y
- -10.10%
- 3Y*
- -0.68%
- 5Y*
- -2.82%
- 10Y*
- —
ADBE
- 1D
- -0.13%
- 1M
- -20.37%
- YTD
- -44.31%
- 6M
- -45.49%
- 1Y
- -48.29%
- 3Y*
- -26.19%
- 5Y*
- -19.44%
- 10Y*
- 7.77%
DBX vs. ADBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBX Dropbox, Inc. | -7.19% | -7.46% | 1.90% | 31.72% | -8.80% | 10.59% | 23.90% | -12.33% | -29.55% |
ADBE Adobe Inc | -44.31% | -21.29% | -25.46% | 77.28% | -40.65% | 13.38% | 51.64% | 45.78% | 2.59% |
Correlation
The correlation between DBX and ADBE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.54 |
The correlation between DBX and ADBE shifts across timeframes, from 0.46 (3 years) to 0.57 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DBX:
$6.11B
ADBE:
$78.35B
DBX:
$1.83
ADBE:
$17.42
DBX:
14.09
ADBE:
11.19
DBX:
0.55
ADBE:
0.79
DBX:
2.64
ADBE:
3.21
DBX:
$2.53B
ADBE:
$25.20B
DBX:
$2.01B
ADBE:
$22.46B
DBX:
$819.80M
ADBE:
$9.68B
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Return for Risk
DBX vs. ADBE — Risk / Return Rank
DBX
ADBE
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.
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.
| DBX | ADBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.74 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.96 | +0.64 |
| Martin ratioReturn relative to average drawdown | -0.65 | -1.93 | +1.28 |
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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.
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Drawdown Indicators
| DBX | ADBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.64% | -79.89% | +17.25% |
Max Drawdown (1Y)Largest decline over 1 year | -31.43% | -50.29% | +18.86% |
Max Drawdown (3Y)Largest decline over 3 years | -37.39% | -69.30% | +31.91% |
Max Drawdown (5Y)Largest decline over 5 years | -41.52% | -71.69% | +30.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.69% | — |
Current DrawdownCurrent decline from peak | -38.57% | -71.69% | +33.12% |
Average DrawdownAverage peak-to-trough decline | -40.47% | -26.02% | -14.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.48% | 24.98% | -9.50% |
Volatility
DBX vs. ADBE - Volatility Comparison
The current volatility for Dropbox, Inc. (DBX) is 10.89%, while Adobe Inc (ADBE) has a volatility of 15.97%. 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.
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Volatility by Period
| DBX | ADBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.89% | 15.97% | -5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 26.51% | 29.35% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.87% | 34.77% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.32% | 36.59% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.84% | 34.47% | +4.37% |
Dividends
DBX vs. ADBE - Dividend Comparison
Neither DBX nor ADBE has paid dividends to shareholders.
Financials
DBX vs. ADBE - Financials Comparison
This section allows you to compare key financial metrics between Dropbox, Inc. and Adobe 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
DBX vs. ADBE - Profitability Comparison
DBX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dropbox, Inc. reported a gross profit of 501.40M and revenue of 629.50M. Therefore, the gross margin over that period was 79.7%.
ADBE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported a gross profit of 5.90B and revenue of 6.62B. Therefore, the gross margin over that period was 89.2%.
DBX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dropbox, Inc. reported an operating income of 172.80M and revenue of 629.50M, resulting in an operating margin of 27.5%.
ADBE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported an operating income of 2.24B and revenue of 6.62B, resulting in an operating margin of 33.8%.
DBX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dropbox, Inc. reported a net income of 114.50M and revenue of 629.50M, resulting in a net margin of 18.2%.
ADBE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported a net income of 1.71B and revenue of 6.62B, resulting in a net margin of 25.9%.
Frequently Asked Questions
DBX and ADBE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADBE has higher volatility (15.97%) compared to DBX (10.89%). In terms of maximum drawdown, DBX dropped -62.64% vs ADBE's -79.89%.
DBX currently has the higher Sharpe Ratio (-0.30 vs -1.40), 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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