DOCU vs. JPEF

Last updated Jun 4, 2026

DOCU (DocuSign, Inc.) is a stock, while JPEF (JPMorgan Equity Focus ETF) is Large Cap Blend Equities fund actively managed by JPMorgan. Over the past year, DOCU returned -42.80% vs 19.43% for JPEF. At a 0.38 correlation, their price movements are largely independent.

Performance

DOCU vs. JPEF - Performance Comparison

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

Returns By Period

In the year-to-date period, DOCU achieves a -23.39% return, which is significantly lower than JPEF's 7.80% return.

DOCU

• 1D: -4.90%
• 1M: 8.15%
• YTD: -23.39%
• 6M: -25.80%
• 1Y: -42.80%
• 3Y*: -3.03%
• 5Y*: -25.82%
• 10Y*: —

JPEF

• 1D: -0.61%
• 1M: 3.38%
• YTD: 7.80%
• 6M: 7.01%
• 1Y: 19.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DOCU vs. JPEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DOCU DocuSign, Inc.	-23.39%	-23.95%	51.29%	10.46%
JPEF JPMorgan Equity Focus ETF	7.80%	12.07%	28.19%	5.72%

Correlation

The correlation between DOCU and JPEF is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.38

The correlation between DOCU and JPEF shifts across timeframes, from 0.23 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DOCU vs. JPEF — 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: 9
DOCU Calmar Ratio Rank: 12
DOCU Martin Ratio Rank: 13

JPEF

JPEF Risk / Return Rank: 51
JPEF Sharpe Ratio Rank: 49
JPEF Sortino Ratio Rank: 49
JPEF Omega Ratio Rank: 50
JPEF Calmar Ratio Rank: 48
JPEF Martin Ratio Rank: 60

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. JPEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) and JPMorgan Equity Focus ETF (JPEF). 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	JPEF	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	1.72	-2.61
Sortino ratio: Return per unit of downside risk	-1.14	2.43	-3.57
Omega ratio: Gain probability vs. loss probability	0.85	1.32	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.77	2.36	-3.14
Martin ratio: Return relative to average drawdown	-1.22	10.68	-11.91
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. JPEF - Sharpe Ratio Comparison

The current DOCU Sharpe Ratio is -0.89, which is lower than the JPEF Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of DOCU and JPEF, 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	JPEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	1.72	-2.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	1.27	-1.21

Drawdowns

DOCU vs. JPEF - Drawdown Comparison

The maximum DOCU drawdown since its inception was -87.57%, which is greater than JPEF's maximum drawdown of -18.09%. Use the drawdown chart below to compare losses from any high point for DOCU and JPEF.

Drawdown Indicators

	DOCU	JPEF	Difference
Max Drawdown Largest peak-to-trough decline	-87.57%	-18.09%	-69.48%
Max Drawdown (1Y) Largest decline over 1 year	-55.51%	-8.25%	-47.26%
Max Drawdown (3Y) Largest decline over 3 years	-60.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-87.57%	—	—
Current Drawdown Current decline from peak	-83.10%	-0.81%	-82.29%
Average Drawdown Average peak-to-trough decline	-49.81%	-2.15%	-47.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.03%	1.82%	+33.21%

Volatility

DOCU vs. JPEF - Volatility Comparison

DocuSign, Inc. (DOCU) has a higher volatility of 15.69% compared to JPMorgan Equity Focus ETF (JPEF) at 3.01%. This indicates that DOCU's price experiences larger fluctuations and is considered to be riskier than JPEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOCU	JPEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.69%	3.01%	+12.68%
Volatility (6M) Calculated over the trailing 6-month period	35.10%	8.64%	+26.46%
Volatility (1Y) Calculated over the trailing 1-year period	48.12%	11.38%	+36.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.47%	15.02%	+43.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.46%	15.02%	+41.44%

Dividends

DOCU vs. JPEF - Dividend Comparison

DOCU has not paid dividends to shareholders, while JPEF's dividend yield for the trailing twelve months is around 0.65%.

Position	TTM	2025	2024	2023
DOCU DocuSign, Inc.	0.00%	0.00%	0.00%	0.00%
JPEF JPMorgan Equity Focus ETF	0.65%	0.70%	0.71%	0.39%

Frequently Asked Questions

Can I hold both DOCU and JPEF in my portfolio?

DOCU and JPEF have a correlation of 0.23, 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 JPEF?

DOCU has higher volatility (15.69%) compared to JPEF (3.01%). In terms of maximum drawdown, DOCU dropped -87.57% vs JPEF's -18.09%.

Which has better risk-adjusted returns?

JPEF currently has the higher Sharpe Ratio (1.72 vs -0.89), 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.