DOCU vs. AMZN

Last updated Jun 3, 2026

DOCU (DocuSign, Inc.) and AMZN (Amazon.com, Inc) are both stocks. DOCU operates in Software - Application (Technology), while AMZN operates in Internet Retail (Consumer Cyclical). Over the past 5 years, DOCU returned -22.32%/yr vs 9.99%/yr for AMZN. At a 0.48 correlation, their price movements are largely independent.

Performance

DOCU vs. AMZN - Performance Comparison

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

Returns By Period

In the year-to-date period, DOCU achieves a -19.44% return, which is significantly lower than AMZN's 11.13% return.

DOCU

• 1D: -3.37%
• 1M: 14.89%
• YTD: -19.44%
• 6M: -19.98%
• 1Y: -38.23%
• 3Y*: -1.39%
• 5Y*: -22.32%
• 10Y*: —

AMZN

• 1D: -1.81%
• 1M: -4.38%
• YTD: 11.13%
• 6M: 9.43%
• 1Y: 24.13%
• 3Y*: 27.33%
• 5Y*: 9.99%
• 10Y*: 21.60%

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

DOCU vs. AMZN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DOCU DocuSign, Inc.	-19.44%	-23.95%	51.29%	7.27%	-63.61%	-31.48%	199.96%	84.91%	0.88%
AMZN Amazon.com, Inc	11.13%	5.21%	44.39%	80.88%	-49.62%	2.38%	76.26%	23.03%	-4.49%

Correlation

The correlation between DOCU and AMZN is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018	0.48

Over the past year, the correlation between DOCU and AMZN has dropped to 0.14 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Fundamentals

Market Cap DOCU : $11.28B AMZN : $2.79T
EPS DOCU : $1.48 AMZN : $8.37
PE Ratio DOCU : 37.27 AMZN : 30.64
PEG Ratio DOCU : 0.06 AMZN : 0.74
PS Ratio DOCU : 3.58 AMZN : 3.75
PB Ratio DOCU : 5.88 AMZN : 6.31
Total Revenue (TTM) DOCU : $3.22B AMZN : $742.78B
Gross Profit (TTM) DOCU : $2.56B AMZN : $348.59B
EBITDA (TTM) DOCU : $562.16M AMZN : $152.71B

Return for Risk

DOCU vs. AMZN — Risk / Return Rank

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

DOCU

DOCU Risk / Return Rank: 13
DOCU Sharpe Ratio Rank: 8
DOCU Sortino Ratio Rank: 11
DOCU Omega Ratio Rank: 11
DOCU Calmar Ratio Rank: 15
DOCU Martin Ratio Rank: 17

AMZN

AMZN Risk / Return Rank: 63
AMZN Sharpe Ratio Rank: 66
AMZN Sortino Ratio Rank: 60
AMZN Omega Ratio Rank: 59
AMZN Calmar Ratio Rank: 63
AMZN Martin Ratio Rank: 65

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. AMZN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) and Amazon.com, Inc (AMZN). 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	AMZN	Difference
Sharpe ratio Return per unit of total volatility	-0.80	0.81	-1.61
Sortino ratio Return per unit of downside risk	-0.95	1.29	-2.24
Omega ratio Gain probability vs. loss probability	0.87	1.16	-0.29
Calmar ratio Return relative to maximum drawdown	-0.68	1.16	-1.84
Martin ratio Return relative to average drawdown	-1.08	2.79	-3.88
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. AMZN - Sharpe Ratio Comparison

The current DOCU Sharpe Ratio is -0.80, which is lower than the AMZN Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of DOCU and AMZN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DOCU	AMZN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.80	0.81	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	0.28	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.57	-0.49

Drawdowns

DOCU vs. AMZN - Drawdown Comparison

The maximum DOCU drawdown since its inception was -87.57%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for DOCU and AMZN.

Drawdown Indicators

	DOCU	AMZN	Difference
Max Drawdown Largest peak-to-trough decline	-87.57%	-94.40%	+6.83%
Max Drawdown (1Y) Largest decline over 1 year	-55.51%	-21.74%	-33.77%
Max Drawdown (3Y) Largest decline over 3 years	-60.98%	-30.88%	-30.10%
Max Drawdown (5Y) Largest decline over 5 years	-87.57%	-56.15%	-31.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.15%	—
Current Drawdown Current decline from peak	-82.23%	-6.72%	-75.51%
Average Drawdown Average peak-to-trough decline	-49.79%	-28.13%	-21.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.92%	9.00%	+25.92%

Volatility

DOCU vs. AMZN - Volatility Comparison

DocuSign, Inc. (DOCU) has a higher volatility of 14.63% compared to Amazon.com, Inc (AMZN) at 7.08%. This indicates that DOCU's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOCU	AMZN	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.63%	7.08%	+7.55%
Volatility (6M) Calculated over the trailing 6-month period	34.78%	20.18%	+14.60%
Volatility (1Y) Calculated over the trailing 1-year period	47.89%	29.89%	+18.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.44%	35.49%	+22.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.45%	32.46%	+23.99%

Dividends

DOCU vs. AMZN - Dividend Comparison

Neither DOCU nor AMZN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

DOCU vs. AMZN - Profitability Comparison

The chart below illustrates the profitability comparison between DocuSign, Inc. and Amazon.com, 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 Jun 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%.

AMZN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Amazon.com, Inc reported a gross profit of 66.77B and revenue of 181.52B. Therefore, the gross margin over that period was 36.8%.

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 87.74M and revenue of 836.86M, resulting in an operating margin of 10.5%.

AMZN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Amazon.com, Inc reported an operating income of 23.85B and revenue of 181.52B, resulting in an operating margin of 13.1%.

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 90.30M and revenue of 836.86M, resulting in a net margin of 10.8%.

AMZN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Amazon.com, Inc reported a net income of 30.26B and revenue of 181.52B, resulting in a net margin of 16.7%.

Frequently Asked Questions

Can I hold both DOCU and AMZN in my portfolio?

DOCU and AMZN have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DOCU or AMZN?

DOCU has higher volatility (14.63%) compared to AMZN (7.08%). In terms of maximum drawdown, DOCU dropped -87.57% vs AMZN's -94.40%.

Which has better risk-adjusted returns?

AMZN currently has the higher Sharpe Ratio (0.81 vs -0.80), 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.