DOCU vs. SMIN
DOCU (DocuSign, Inc.) is a stock, while SMIN (iShares MSCI India Small-Cap ETF) is Asia Pacific Equities fund tracking the MSCI India Small Cap Index. Over the past 5 years, DOCU returned -29.19%/yr vs 6.19%/yr for SMIN. At a 0.19 correlation, their price movements are largely independent.
Performance
DOCU vs. SMIN - 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 SMIN's -4.03% return.
DOCU
- 1D
- 1.08%
- 1M
- -1.03%
- YTD
- -34.17%
- 6M
- -36.68%
- 1Y
- -39.20%
- 3Y*
- -6.61%
- 5Y*
- -29.19%
- 10Y*
- —
SMIN
- 1D
- 1.44%
- 1M
- 0.72%
- YTD
- -4.03%
- 6M
- -1.54%
- 1Y
- -8.33%
- 3Y*
- 8.94%
- 5Y*
- 6.19%
- 10Y*
- 9.73%
DOCU vs. SMIN - 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% |
SMIN iShares MSCI India Small-Cap ETF | -4.03% | -6.68% | 16.78% | 35.41% | -14.23% | 44.43% | 19.59% | -5.21% | -19.22% |
Correlation
The correlation between DOCU and SMIN is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018 | 0.19 |
The correlation between DOCU and SMIN shifts across timeframes, from 0.05 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DOCU vs. SMIN — Risk / Return Rank
DOCU
SMIN
DOCU vs. SMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) and iShares MSCI India Small-Cap ETF (SMIN). 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 | SMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.93 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.39 | -0.41 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.87 | -0.49 |
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Drawdowns
DOCU vs. SMIN - Drawdown Comparison
The maximum DOCU drawdown since its inception was -87.57%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for DOCU and SMIN.
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Drawdown Indicators
| DOCU | SMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.57% | -60.50% | -27.07% |
Max Drawdown (1Y)Largest decline over 1 year | -50.89% | -24.54% | -26.35% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -27.58% | -33.40% |
Max Drawdown (5Y)Largest decline over 5 years | -87.57% | -27.58% | -59.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.50% | — |
Current DrawdownCurrent decline from peak | -85.48% | -16.07% | -69.41% |
Average DrawdownAverage peak-to-trough decline | -49.90% | -14.62% | -35.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.04% | 11.01% | +19.03% |
Volatility
DOCU vs. SMIN - Volatility Comparison
DocuSign, Inc. (DOCU) has a higher volatility of 16.54% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that DOCU's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCU | SMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.54% | 4.86% | +11.68% |
Volatility (6M)Calculated over the trailing 6-month period | 34.72% | 15.58% | +19.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.60% | 18.67% | +25.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.83% | 18.88% | +38.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.45% | 22.83% | +33.62% |
Dividends
DOCU vs. SMIN - Dividend Comparison
DOCU has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOCU DocuSign, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMIN iShares MSCI India Small-Cap ETF | 2.10% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Frequently Asked Questions
DOCU and SMIN have a correlation of 0.05, 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 SMIN (4.86%). In terms of maximum drawdown, DOCU dropped -87.57% vs SMIN's -60.50%.
SMIN currently has the higher Sharpe Ratio (-0.51 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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