DOCU vs. SHOP
DOCU (DocuSign, Inc.) and SHOP (Shopify Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, DOCU returned -29.19%/yr vs -2.79%/yr for SHOP. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
DOCU vs. SHOP - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DOCU having a -34.17% return and SHOP slightly higher at -32.76%.
DOCU
- 1D
- 1.08%
- 1M
- -1.03%
- YTD
- -34.17%
- 6M
- -36.68%
- 1Y
- -39.20%
- 3Y*
- -6.61%
- 5Y*
- -29.19%
- 10Y*
- —
SHOP
- 1D
- -2.02%
- 1M
- 11.11%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- 2.75%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
DOCU vs. SHOP - 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% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 11.52% |
Correlation
The correlation between DOCU and SHOP is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018 | 0.57 |
The correlation between DOCU and SHOP shifts across timeframes, from 0.45 (3 years) to 0.58 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DOCU:
$8.85B
SHOP:
$141.08B
DOCU:
$1.53
SHOP:
$1.02
DOCU:
29.42
SHOP:
106.25
DOCU:
0.05
SHOP:
0.20
DOCU:
2.82
SHOP:
15.39
DOCU:
4.86
SHOP:
11.29
DOCU:
$3.29B
SHOP:
$9.20B
DOCU:
$2.61B
SHOP:
$5.93B
DOCU:
$568.83M
SHOP:
$1.60B
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Return for Risk
DOCU vs. SHOP — Risk / Return Rank
DOCU
SHOP
DOCU vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) and Shopify Inc. (SHOP). 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 | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.05 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.02 | -0.78 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.04 | -1.32 |
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Drawdowns
DOCU vs. SHOP - Drawdown Comparison
The maximum DOCU drawdown since its inception was -87.57%, roughly equal to the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for DOCU and SHOP.
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Drawdown Indicators
| DOCU | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.57% | -84.82% | -2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -50.89% | -46.71% | -4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -46.71% | -14.27% |
Max Drawdown (5Y)Largest decline over 5 years | -87.57% | -84.82% | -2.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -85.48% | -39.53% | -45.95% |
Average DrawdownAverage peak-to-trough decline | -49.90% | -28.23% | -21.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.04% | 22.27% | +7.77% |
Volatility
DOCU vs. SHOP - Volatility Comparison
DocuSign, Inc. (DOCU) has a higher volatility of 16.54% compared to Shopify Inc. (SHOP) at 15.38%. This indicates that DOCU's price experiences larger fluctuations and is considered to be riskier than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCU | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.54% | 15.38% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 34.72% | 43.41% | -8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.60% | 57.03% | -12.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.83% | 65.55% | -7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.45% | 59.07% | -2.62% |
Dividends
DOCU vs. SHOP - Dividend Comparison
Neither DOCU nor SHOP has paid dividends to shareholders.
Financials
DOCU vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between DocuSign, Inc. and Shopify 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
Frequently Asked Questions
DOCU and SHOP have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCU has higher volatility (16.54%) compared to SHOP (15.38%). In terms of maximum drawdown, DOCU dropped -87.57% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.02 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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