DOCU vs. IOT

Last updated Jun 13, 2026

DOCU (DocuSign, Inc.) and IOT (Samsara Inc.) are both stocks. Both are in the Technology sector — DOCU in Software - Application, IOT in Software - Infrastructure. Over the past 3 years, DOCU returned -6.61%/yr vs 3.56%/yr for IOT. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

DOCU vs. IOT - Performance Comparison

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

Returns By Period

In the year-to-date period, DOCU achieves a -34.17% return, which is significantly lower than IOT's -5.05% return.

DOCU

• 1D: 1.08%
• 1M: -1.03%
• YTD: -34.17%
• 6M: -36.68%
• 1Y: -39.20%
• 3Y*: -6.61%
• 5Y*: -29.19%
• 10Y*: —

IOT

• 1D: 4.34%
• 1M: 20.26%
• YTD: -5.05%
• 6M: -18.68%
• 1Y: -14.15%
• 3Y*: 3.56%
• 5Y*: —
• 10Y*: —

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

DOCU vs. IOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DOCU DocuSign, Inc.	-34.17%	-23.95%	51.29%	7.27%	-63.61%	5.43%
IOT Samsara Inc.	-5.05%	-18.86%	30.89%	168.54%	-55.78%	12.89%

Correlation

The correlation between DOCU and IOT is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021	0.56

The correlation between DOCU and IOT has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

Fundamentals

Market Cap DOCU : $8.85B IOT : $19.78B
EPS DOCU : $1.53 IOT : $0.10
PE Ratio DOCU : 29.42 IOT : 338.97
PS Ratio DOCU : 2.82 IOT : 11.26
PB Ratio DOCU : 4.86 IOT : 13.12
Total Revenue (TTM) DOCU : $3.29B IOT : $1.73B
Gross Profit (TTM) DOCU : $2.61B IOT : $1.32B
EBITDA (TTM) DOCU : $568.83M IOT : -$14.10M

Return for Risk

DOCU vs. IOT — 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: 9
DOCU Omega Ratio Rank: 10
DOCU Calmar Ratio Rank: 12
DOCU Martin Ratio Rank: 10

IOT

IOT Risk / Return Rank: 30
IOT Sharpe Ratio Rank: 30
IOT Sortino Ratio Rank: 30
IOT Omega Ratio Rank: 30
IOT Calmar Ratio Rank: 31
IOT Martin Ratio Rank: 29

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. IOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) and Samsara Inc. (IOT). 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	IOT	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	-0.30	-0.62
Sortino ratio: Return per unit of downside risk	-1.22	-0.08	-1.14
Omega ratio: Gain probability vs. loss probability	0.85	0.99	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.80	-0.37	-0.43
Martin ratio: Return relative to average drawdown	-1.36	-0.75	-0.61

DOCU vs. IOT - Sharpe Ratio Comparison

The current DOCU Sharpe Ratio is -0.92, which is lower than the IOT Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of DOCU and IOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DOCU vs. IOT - Drawdown Comparison

The maximum DOCU drawdown since its inception was -87.57%, which is greater than IOT's maximum drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for DOCU and IOT.

Drawdown Indicators

	DOCU	IOT	Difference
Max Drawdown Largest peak-to-trough decline	-87.57%	-70.38%	-17.19%
Max Drawdown (1Y) Largest decline over 1 year	-50.89%	-46.37%	-4.52%
Max Drawdown (3Y) Largest decline over 3 years	-60.98%	-60.22%	-0.76%
Max Drawdown (5Y) Largest decline over 5 years	-87.57%	—	—
Current Drawdown Current decline from peak	-85.48%	-44.78%	-40.70%
Average Drawdown Average peak-to-trough decline	-49.90%	-31.39%	-18.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.04%	23.26%	+6.78%

Volatility

DOCU vs. IOT - Volatility Comparison

The current volatility for DocuSign, Inc. (DOCU) is 16.54%, while Samsara Inc. (IOT) has a volatility of 19.99%. This indicates that DOCU experiences smaller price fluctuations and is considered to be less risky than IOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOCU	IOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.54%	19.99%	-3.45%
Volatility (6M) Calculated over the trailing 6-month period	34.72%	44.50%	-9.78%
Volatility (1Y) Calculated over the trailing 1-year period	44.60%	57.78%	-13.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.83%	65.87%	-8.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.45%	65.87%	-9.42%

Dividends

DOCU vs. IOT - Dividend Comparison

Neither DOCU nor IOT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

DOCU vs. IOT - Profitability Comparison

The chart below illustrates the profitability comparison between DocuSign, Inc. and Samsara 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 658.97M and revenue of 830.24M. Therefore, the gross margin over that period was 79.4%.

IOT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Samsara Inc. reported a gross profit of 361.14M and revenue of 478.84M. Therefore, the gross margin over that period was 75.4%.

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 111.31M and revenue of 830.24M, resulting in an operating margin of 13.4%.

IOT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Samsara Inc. reported an operating income of 7.20M and revenue of 478.84M, resulting in an operating margin of 1.5%.

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 78.20M and revenue of 830.24M, resulting in a net margin of 9.4%.

IOT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Samsara Inc. reported a net income of 44.51M and revenue of 478.84M, resulting in a net margin of 9.3%.

Frequently Asked Questions

Can I hold both DOCU and IOT in my portfolio?

DOCU and IOT have a correlation of 0.60, 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 IOT?

IOT has higher volatility (19.99%) compared to DOCU (16.54%). In terms of maximum drawdown, DOCU dropped -87.57% vs IOT's -70.38%.

Which has better risk-adjusted returns?

IOT currently has the higher Sharpe Ratio (-0.30 vs -0.92), 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.