DOCU vs. JPST
DOCU (DocuSign, Inc.) is a stock, while JPST (JPMorgan Ultra-Short Income ETF) is Ultrashort Bond fund actively managed by JPMorgan. Over the past 5 years, DOCU returned -29.17%/yr vs 3.69%/yr for JPST. At a 0.09 correlation, their price movements are largely independent.
Performance
DOCU vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, DOCU achieves a -27.81% return, which is significantly lower than JPST's 1.81% return.
DOCU
- 1D
- -0.98%
- 1M
- 9.66%
- 6M
- -23.45%
- YTD
- -27.81%
- 1Y
- -35.21%
- 3Y*
- -2.16%
- 5Y*
- -29.17%
- 10Y*
- —
JPST
- 1D
- 0.06%
- 1M
- 0.30%
- 6M
- 1.67%
- YTD
- 1.81%
- 1Y
- 4.14%
- 3Y*
- 5.13%
- 5Y*
- 3.69%
- 10Y*
- —
DOCU vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DOCU DocuSign, Inc. | -27.81% | -23.95% | 51.29% | 7.27% | -63.61% | -31.48% | 199.96% | 84.91% | 5.47% |
JPST JPMorgan Ultra-Short Income ETF | 1.81% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 1.68% |
Correlation
The correlation between DOCU and JPST is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018 | 0.09 |
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Return for Risk
DOCU vs. JPST — Risk / Return Rank
DOCU
JPST
DOCU vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) and JPMorgan Ultra-Short Income ETF (JPST). 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 | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.43 | ||
| Sortino ratioReturn per unit of downside risk | -17.26 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 3.66 | -2.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 27.98 | -28.67 |
| Martin ratioReturn relative to average drawdown | -1.08 | 133.66 | -134.74 |
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Drawdowns
DOCU vs. JPST - Drawdown Comparison
The maximum DOCU drawdown since its inception was -87.57%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for DOCU and JPST.
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Drawdown Indicators
| DOCU | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.57% | -3.28% | -84.29% |
Max Drawdown (1Y)Largest decline over 1 year | -50.89% | -0.15% | -50.74% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -0.30% | -60.68% |
Max Drawdown (5Y)Largest decline over 5 years | -87.57% | -0.79% | -86.78% |
Current DrawdownCurrent decline from peak | -84.07% | 0.00% | -84.07% |
Average DrawdownAverage peak-to-trough decline | -50.25% | -0.08% | -50.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.76% | 0.03% | +32.73% |
Volatility
DOCU vs. JPST - Volatility Comparison
DocuSign, Inc. (DOCU) has a higher volatility of 11.68% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.18%. This indicates that DOCU's price experiences larger fluctuations and is considered to be riskier than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCU | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 0.18% | +11.50% |
Volatility (6M)Calculated over the trailing 6-month period | 35.09% | 0.38% | +34.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.37% | 0.54% | +44.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.96% | 0.58% | +57.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 0.93% | +55.40% |
Dividends
DOCU vs. JPST - Dividend Comparison
DOCU has not paid dividends to shareholders, while JPST's dividend yield for the trailing twelve months is around 4.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DOCU DocuSign, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 4.23% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Frequently Asked Questions
DOCU and JPST have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCU has higher volatility (11.68%) compared to JPST (0.18%). In terms of maximum drawdown, DOCU dropped -87.57% vs JPST's -3.28%.
JPST currently has the higher Sharpe Ratio (7.64 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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