DOCU vs. ADBE
DOCU (DocuSign, Inc.) and ADBE (Adobe Inc) are both stocks. Both are in the Technology sector — DOCU in Software - Application, ADBE in Software - Infrastructure. Over the past 5 years, DOCU returned -28.72%/yr vs -16.63%/yr for ADBE. Their 0.57 correlation means they have sometimes moved together and sometimes differently.
Performance
DOCU vs. ADBE - Performance Comparison
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Returns By Period
In the year-to-date period, DOCU achieves a -19.84% return, which is significantly higher than ADBE's -28.45% return.
DOCU
- 1D
- 0.99%
- 1M
- 19.79%
- 6M
- 4.36%
- YTD
- -19.84%
- 1Y
- -25.74%
- 3Y*
- 1.14%
- 5Y*
- -28.72%
- 10Y*
- —
- ALL TIME*
- 4.54%
ADBE
- 1D
- 1.01%
- 1M
- 13.97%
- 6M
- -14.61%
- YTD
- -28.45%
- 1Y
- -28.00%
- 3Y*
- -23.03%
- 5Y*
- -16.63%
- 10Y*
- 10.06%
- ALL TIME*
- 19.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ADBE Adobe Inc | $1.43B | $1.35B | $1.47B |
DOCU DocuSign, Inc. | $171.86M | $162.67M | $184.59M |
DOCU vs. ADBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DOCU DocuSign, Inc. | -19.84% | -23.95% | 51.29% | 7.27% | -63.61% | -31.48% | 199.96% | 84.91% | 5.47% |
ADBE Adobe Inc | -28.45% | -21.29% | -25.46% | 77.28% | -40.65% | 13.38% | 51.64% | 45.78% | 1.95% |
Correlation
The correlation between DOCU and ADBE is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018 | 0.57 |
The correlation between DOCU and ADBE shifts across timeframes, from 0.52 (3 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
DOCU:
$10.47B
ADBE:
$99.54B
DOCU:
$1.55
ADBE:
$17.42
DOCU:
35.47
ADBE:
14.38
DOCU:
0.06
ADBE:
1.01
DOCU:
3.40
ADBE:
4.12
DOCU:
5.92
ADBE:
8.74
DOCU:
$3.29B
ADBE:
$25.20B
DOCU:
$2.61B
ADBE:
$22.46B
DOCU:
$568.83M
ADBE:
$9.68B
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Return for Risk
DOCU vs. ADBE — Risk / Return Rank
DOCU
ADBE
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.
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.
| DOCU | ADBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.88 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.64 | +0.09 |
| Martin ratioReturn relative to average drawdown | -0.82 | -1.21 | +0.39 |
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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.
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Drawdown Indicators
| DOCU | ADBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.57% | -79.89% | -7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -50.89% | -47.37% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -69.53% | +8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -87.57% | -71.90% | -15.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.90% | — |
Current DrawdownCurrent decline from peak | -82.32% | -63.62% | -18.70% |
Average DrawdownAverage peak-to-trough decline | -50.45% | -26.13% | -24.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.76% | 24.94% | +8.82% |
Volatility
DOCU vs. ADBE - Volatility Comparison
DocuSign, Inc. (DOCU) and Adobe Inc (ADBE) have volatilities of 16.24% and 16.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCU | ADBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.24% | 16.26% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 36.74% | 33.07% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.66% | 38.55% | +9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.30% | 37.37% | +20.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.42% | 34.84% | +21.58% |
Dividends
DOCU vs. ADBE - Dividend Comparison
Neither DOCU nor ADBE has paid dividends to shareholders.
Financials
DOCU vs. ADBE - Financials Comparison
This section allows you to compare key financial metrics between DocuSign, 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
DOCU vs. ADBE - Profitability Comparison
DOCU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
ADBE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
DOCU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, DocuSign, Inc. reported an operating income of 111.31M and revenue of 830.24M, resulting in an operating margin of 13.4%.
ADBE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Adobe Inc reported an operating income of 2.24B and revenue of 6.62B, resulting in an operating margin of 33.8%.
DOCU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, DocuSign, Inc. reported a net income of 78.20M and revenue of 830.24M, resulting in a net margin of 9.4%.
ADBE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
DOCU and ADBE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADBE has higher volatility (16.26%) compared to DOCU (16.24%). In terms of maximum drawdown, DOCU dropped -87.57% vs ADBE's -79.89%.
DOCU currently has the higher Sharpe Ratio (-0.58 vs -0.78), 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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