PAM vs. DOCU
PAM (Pampa Energía S.A.) and DOCU (DocuSign, Inc.) are both stocks. PAM operates in Utilities - Regulated Electric (Utilities), while DOCU operates in Software - Application (Technology). Over the past 5 years, PAM returned 39.46%/yr vs -29.19%/yr for DOCU. At a 0.12 correlation, their price movements are largely independent.
Performance
PAM vs. DOCU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PAM achieves a -0.03% return, which is significantly higher than DOCU's -34.17% return.
PAM
- 1D
- 0.17%
- 1M
- 11.49%
- YTD
- -0.03%
- 6M
- 0.08%
- 1Y
- 18.80%
- 3Y*
- 31.91%
- 5Y*
- 39.46%
- 10Y*
- 13.08%
DOCU
- 1D
- 1.08%
- 1M
- -5.62%
- YTD
- -34.17%
- 6M
- -36.68%
- 1Y
- -39.20%
- 3Y*
- -6.61%
- 5Y*
- -29.19%
- 10Y*
- —
PAM vs. DOCU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PAM Pampa Energía S.A. | -0.03% | 0.65% | 77.58% | 55.04% | 51.30% | 53.19% | -16.13% | -48.35% | -41.37% |
DOCU DocuSign, Inc. | -34.17% | -23.95% | 51.29% | 7.27% | -63.61% | -31.48% | 199.96% | 84.91% | 5.47% |
Correlation
The correlation between PAM and DOCU is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018 | 0.12 |
Fundamentals
PAM:
$4.81B
DOCU:
$8.85B
PAM:
$8.05
DOCU:
$1.53
PAM:
10.99
DOCU:
29.42
PAM:
0.12
DOCU:
0.05
PAM:
2.23
DOCU:
2.82
PAM:
1.27
DOCU:
4.86
PAM:
$2.16B
DOCU:
$3.29B
PAM:
$682.00M
DOCU:
$2.61B
PAM:
$1.22B
DOCU:
$568.83M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PAM vs. DOCU — Risk / Return Rank
PAM
DOCU
PAM vs. DOCU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pampa Energía S.A. (PAM) and DocuSign, Inc. (DOCU). 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.
| PAM | DOCU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.85 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | -0.80 | +1.30 |
| Martin ratioReturn relative to average drawdown | 1.23 | -1.36 | +2.59 |
Loading charts...
Drawdowns
PAM vs. DOCU - Drawdown Comparison
The maximum PAM drawdown since its inception was -87.41%, roughly equal to the maximum DOCU drawdown of -87.57%. Use the drawdown chart below to compare losses from any high point for PAM and DOCU.
Loading charts...
Drawdown Indicators
| PAM | DOCU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -87.57% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -31.59% | -50.89% | +19.30% |
Max Drawdown (3Y)Largest decline over 3 years | -40.40% | -60.98% | +20.58% |
Max Drawdown (5Y)Largest decline over 5 years | -40.40% | -87.57% | +47.17% |
Max Drawdown (10Y)Largest decline over 10 years | -87.41% | — | — |
Current DrawdownCurrent decline from peak | -6.75% | -85.48% | +78.73% |
Average DrawdownAverage peak-to-trough decline | -42.47% | -49.90% | +7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.89% | 30.04% | -17.15% |
Volatility
PAM vs. DOCU - Volatility Comparison
The current volatility for Pampa Energía S.A. (PAM) is 10.62%, while DocuSign, Inc. (DOCU) has a volatility of 16.54%. This indicates that PAM experiences smaller price fluctuations and is considered to be less risky than DOCU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PAM | DOCU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.62% | 16.54% | -5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 24.49% | 34.72% | -10.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.19% | 44.60% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.29% | 57.83% | -11.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.94% | 56.45% | -4.51% |
Dividends
PAM vs. DOCU - Dividend Comparison
Neither PAM nor DOCU has paid dividends to shareholders.
Financials
PAM vs. DOCU - Financials Comparison
This section allows you to compare key financial metrics between Pampa Energía S.A. and DocuSign, 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
PAM vs. DOCU - Profitability Comparison
PAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported a gross profit of 193.00M and revenue of 573.00M. Therefore, the gross margin over that period was 33.7%.
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%.
PAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported an operating income of 107.00M and revenue of 573.00M, resulting in an operating margin of 18.7%.
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%.
PAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pampa Energía S.A. reported a net income of 214.00M and revenue of 573.00M, resulting in a net margin of 37.4%.
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%.
Frequently Asked Questions
PAM and DOCU have a correlation of 0.09, 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 PAM (10.62%). In terms of maximum drawdown, PAM dropped -87.41% vs DOCU's -87.57%.
PAM currently has the higher Sharpe Ratio (0.31 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.
Find the right allocation for PAM and DOCU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer