DOCU vs. OKTA
DOCU (DocuSign, Inc.) and OKTA (Okta, Inc.) are both stocks. Both are in the Technology sector — DOCU in Software - Application, OKTA in Software - Infrastructure. Over the past 5 years, DOCU returned -29.19%/yr vs -12.47%/yr for OKTA. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
DOCU vs. OKTA - Performance Comparison
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Returns By Period
In the year-to-date period, DOCU achieves a -34.17% return, which is significantly lower than OKTA's 34.49% return.
DOCU
- 1D
- 1.08%
- 1M
- -1.03%
- YTD
- -34.17%
- 6M
- -36.68%
- 1Y
- -39.20%
- 3Y*
- -6.61%
- 5Y*
- -29.19%
- 10Y*
- —
OKTA
- 1D
- -1.03%
- 1M
- 43.48%
- YTD
- 34.49%
- 6M
- 28.95%
- 1Y
- 19.30%
- 3Y*
- 15.20%
- 5Y*
- -12.47%
- 10Y*
- —
DOCU vs. OKTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DOCU DocuSign, Inc. | -34.17% | -23.95% | 51.29% | 7.27% | -63.61% | -31.48% | 199.96% | 84.91% | 5.47% |
OKTA Okta, Inc. | 34.49% | 9.73% | -12.96% | 32.49% | -69.52% | -11.83% | 120.39% | 80.83% | 49.14% |
Correlation
The correlation between DOCU and OKTA is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018 | 0.63 |
The correlation between DOCU and OKTA has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
Fundamentals
DOCU:
$8.85B
OKTA:
$20.66B
DOCU:
$1.53
OKTA:
$0.96
DOCU:
29.42
OKTA:
120.69
DOCU:
0.05
OKTA:
0.18
DOCU:
2.82
OKTA:
9.36
DOCU:
4.86
OKTA:
3.00K
DOCU:
$3.29B
OKTA:
$2.23B
DOCU:
$2.61B
OKTA:
$1.73B
DOCU:
$568.83M
OKTA:
$235.06M
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Return for Risk
DOCU vs. OKTA — Risk / Return Rank
DOCU
OKTA
DOCU vs. OKTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) and Okta, Inc. (OKTA). 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 | OKTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.11 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 0.43 | -1.23 |
| Martin ratioReturn relative to average drawdown | -1.36 | 1.02 | -2.38 |
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Drawdowns
DOCU vs. OKTA - Drawdown Comparison
The maximum DOCU drawdown since its inception was -87.57%, roughly equal to the maximum OKTA drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for DOCU and OKTA.
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Drawdown Indicators
| DOCU | OKTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.57% | -84.57% | -3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -50.89% | -37.75% | -13.14% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -50.57% | -10.41% |
Max Drawdown (5Y)Largest decline over 5 years | -87.57% | -83.43% | -4.14% |
Current DrawdownCurrent decline from peak | -85.48% | -60.14% | -25.34% |
Average DrawdownAverage peak-to-trough decline | -49.90% | -38.27% | -11.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.04% | 15.82% | +14.22% |
Volatility
DOCU vs. OKTA - Volatility Comparison
The current volatility for DocuSign, Inc. (DOCU) is 16.54%, while Okta, Inc. (OKTA) has a volatility of 32.92%. This indicates that DOCU experiences smaller price fluctuations and is considered to be less risky than OKTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCU | OKTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.54% | 32.92% | -16.38% |
Volatility (6M)Calculated over the trailing 6-month period | 34.72% | 48.12% | -13.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.60% | 54.65% | -10.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.83% | 57.50% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.45% | 53.99% | +2.46% |
Dividends
DOCU vs. OKTA - Dividend Comparison
Neither DOCU nor OKTA has paid dividends to shareholders.
Financials
DOCU vs. OKTA - Financials Comparison
This section allows you to compare key financial metrics between DocuSign, Inc. and Okta, 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. OKTA - Profitability Comparison
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%.
OKTA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Okta, Inc. reported a gross profit of 595.00K and revenue of 765.00K. Therefore, the gross margin over that period was 77.8%.
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 111.31M and revenue of 830.24M, resulting in an operating margin of 13.4%.
OKTA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Okta, Inc. reported an operating income of 56.00K and revenue of 765.00K, resulting in an operating margin of 7.3%.
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%.
OKTA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Okta, Inc. reported a net income of 74.00K and revenue of 765.00K, resulting in a net margin of 9.7%.
Frequently Asked Questions
DOCU and OKTA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKTA has higher volatility (32.92%) compared to DOCU (16.54%). In terms of maximum drawdown, DOCU dropped -87.57% vs OKTA's -84.57%.
OKTA 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.
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