DOCU vs. QQQM
DOCU (DocuSign, Inc.) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, DOCU returned -30.82%/yr vs 16.03%/yr for QQQM. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
DOCU vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, DOCU achieves a -35.32% return, which is significantly lower than QQQM's 15.99% return.
DOCU
- 1D
- 3.68%
- 1M
- -10.68%
- YTD
- -35.32%
- 6M
- -36.47%
- 1Y
- -41.51%
- 3Y*
- -4.05%
- 5Y*
- -30.82%
- 10Y*
- —
QQQM
- 1D
- -0.42%
- 1M
- -0.84%
- YTD
- 15.99%
- 6M
- 14.21%
- 1Y
- 32.39%
- 3Y*
- 25.97%
- 5Y*
- 16.03%
- 10Y*
- —
DOCU vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DOCU DocuSign, Inc. | -35.32% | -23.95% | 51.29% | 7.27% | -63.61% | -31.48% | -4.12% |
QQQM Invesco NASDAQ 100 ETF | 15.99% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between DOCU and QQQM is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.55 |
Over the past year, the correlation between DOCU and QQQM has dropped to 0.26 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
DOCU vs. QQQM — Risk / Return Rank
DOCU
QQQM
DOCU vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) and Invesco NASDAQ 100 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.76 | ||
| Sortino ratioReturn per unit of downside risk | -3.67 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.33 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.72 | -3.54 |
| Martin ratioReturn relative to average drawdown | -1.34 | 10.03 | -11.37 |
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Drawdowns
DOCU vs. QQQM - Drawdown Comparison
The maximum DOCU drawdown since its inception was -87.57%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for DOCU and QQQM.
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Drawdown Indicators
| DOCU | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.57% | -35.04% | -52.53% |
Max Drawdown (1Y)Largest decline over 1 year | -50.89% | -11.96% | -38.93% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -22.70% | -38.28% |
Max Drawdown (5Y)Largest decline over 5 years | -87.57% | -35.04% | -52.53% |
Current DrawdownCurrent decline from peak | -85.73% | -4.64% | -81.09% |
Average DrawdownAverage peak-to-trough decline | -50.03% | -8.20% | -41.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.12% | 3.24% | +27.88% |
Volatility
DOCU vs. QQQM - Volatility Comparison
DocuSign, Inc. (DOCU) has a higher volatility of 16.56% compared to Invesco NASDAQ 100 ETF (QQQM) at 9.00%. This indicates that DOCU's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCU | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.56% | 9.00% | +7.56% |
Volatility (6M)Calculated over the trailing 6-month period | 34.85% | 14.39% | +20.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.90% | 17.83% | +27.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.84% | 22.53% | +35.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.40% | 22.29% | +34.11% |
Dividends
DOCU vs. QQQM - Dividend Comparison
DOCU has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DOCU DocuSign, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.45% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
DOCU and QQQM have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCU has higher volatility (16.56%) compared to QQQM (9.00%). In terms of maximum drawdown, DOCU dropped -87.57% vs QQQM's -35.04%.
QQQM currently has the higher Sharpe Ratio (1.83 vs -0.93), 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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