DOCU vs. ADBE

Last updated Apr 1, 2026

Compare and contrast key facts about DocuSign, Inc. (DOCU) and Adobe Inc (ADBE).

Performance

DOCU vs. ADBE - Performance Comparison

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

DOCU vs. ADBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DOCU DocuSign, Inc.	-30.69%	-23.95%	51.29%	7.27%	-63.61%	-31.48%	199.96%	84.91%	0.88%
ADBE Adobe Inc	-30.55%	-21.29%	-25.46%	77.28%	-40.65%	13.38%	51.64%	45.78%	1.96%

Fundamentals

Market Cap DOCU : $9.70B ADBE : $99.91B
EPS DOCU : $1.47 ADBE : $17.05
PE Ratio DOCU : 32.21 ADBE : 14.26
PEG Ratio DOCU : 0.05 ADBE : 1.00
PS Ratio DOCU : 3.09 ADBE : 4.20
PB Ratio DOCU : 5.06 ADBE : 8.74
Total Revenue (TTM) DOCU : $3.22B ADBE : $24.45B
Gross Profit (TTM) DOCU : $2.56B ADBE : $21.82B
EBITDA (TTM) DOCU : $562.16M ADBE : $9.71B

Returns By Period

The year-to-date returns for both investments are quite close, with DOCU having a -30.69% return and ADBE slightly higher at -30.55%.

DOCU

• 1D: 0.32%
• 1M: 5.19%
• YTD: -30.69%
• 6M: -34.23%
• 1Y: -41.76%
• 3Y*: -6.66%
• 5Y*: -25.48%
• 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

DOCU vs. ADBE — Risk / Return Rank

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

DOCU

DOCU Risk / Return Rank: 10
DOCU Sharpe Ratio Rank: 7
DOCU Sortino Ratio Rank: 11
DOCU Omega Ratio Rank: 10
DOCU Calmar Ratio Rank: 14
DOCU Martin Ratio Rank: 10

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.

DOCU vs. ADBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) 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.

	DOCU	ADBE	Difference
Sharpe ratio Return per unit of total volatility	-0.86	-1.19	+0.32
Sortino ratio Return per unit of downside risk	-1.07	-1.66	+0.59
Omega ratio Gain probability vs. loss probability	0.86	0.79	+0.06
Calmar ratio Return relative to maximum drawdown	-0.77	-0.84	+0.06
Martin ratio Return relative to average drawdown	-1.51	-1.73	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOCU vs. ADBE - Sharpe Ratio Comparison

The current DOCU Sharpe Ratio is -0.86, which is comparable to the ADBE Sharpe Ratio of -1.19. The chart below compares the historical Sharpe Ratios of DOCU 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

	DOCU	ADBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.86	-1.19	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	-0.36	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.41	-0.37

Correlation

The correlation between DOCU and ADBE is 0.57, 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

DOCU vs. ADBE - Dividend Comparison

Neither DOCU nor ADBE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DOCU vs. ADBE - Drawdown Comparison

The maximum DOCU drawdown since its inception was -87.57%, which is greater than ADBE's maximum drawdown of -79.89%. Use the drawdown chart below to compare losses from any high point for DOCU and ADBE.

Drawdown Indicators

	DOCU	ADBE	Difference
Max Drawdown Largest peak-to-trough decline	-87.57%	-79.89%	-7.68%
Max Drawdown (1Y) Largest decline over 1 year	-55.51%	-44.18%	-11.33%
Max Drawdown (5Y) Largest decline over 5 years	-87.57%	-65.88%	-21.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-65.88%	—
Current Drawdown Current decline from peak	-84.71%	-64.69%	-20.02%
Average Drawdown Average peak-to-trough decline	-49.04%	-25.80%	-23.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.50%	21.32%	+7.18%

Volatility

DOCU vs. ADBE - Volatility Comparison

The current volatility for DocuSign, Inc. (DOCU) is 11.16%, while Adobe Inc (ADBE) has a volatility of 12.02%. This indicates that DOCU 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

	DOCU	ADBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.16%	12.02%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	33.95%	23.69%	+10.26%
Volatility (1Y) Calculated over the trailing 1-year period	48.66%	30.98%	+17.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.13%	35.53%	+22.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.59%	33.87%	+22.72%

Financials

DOCU vs. ADBE - Profitability Comparison

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

DOCU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, DocuSign, Inc. reported a gross profit of 667.08M and revenue of 836.86M. 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 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%.

DOCU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, DocuSign, Inc. reported an operating income of 87.74M and revenue of 836.86M, resulting in an operating margin of 10.5%.

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%.

DOCU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, DocuSign, Inc. reported a net income of 90.30M and revenue of 836.86M, resulting in a net margin of 10.8%.

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%.