ADSK vs DOCU: Correlation
How closely do Autodesk (ADSK) and DocuSign, Inc. (DOCU) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and DOCU?
Over the past 3 years, ADSK and DOCU moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 813.5 %².
By 3-year correlation, DOCU places #19 of the 44 assets tracked against ADSK. On 12-month performance ADSK holds a 9.2-point edge, -5.4% against -14.6%. Note the risk asymmetry: DOCU runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADSK vs DOCU: side by side
| ADSK (Autodesk) | DOCU (DocuSign, Inc.) | |
|---|---|---|
| 1-year return | -5.4% | -14.6% |
| 5-year return | -13.7% | -79.0% |
| Volatility (ann.) | 30.9% | 48.0% |
| Beta vs S&P 500 | 1.04 | 1.22 |
| Max drawdown (3Y) | -42.6% | -61.0% |
| Market cap | $57.1B | $12.2B |
| P/E (trailing) | 37.2 | 41.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | DOCU |
|---|---|---|
| 2022 | -33.5% | -63.6% |
| 2023 | +30.3% | +7.3% |
| 2024 | +21.4% | +51.3% |
| 2025 | +0.1% | -23.9% |
| 2026 | -8.6% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and DOCU good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADSK and DOCU?
The ADSK/DOCU correlation stands at 0.55 on a 3-year window (1 year: 0.59, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is DOCU a good diversifier for ADSK?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ADSK correlations · DOCU correlations
