CRM vs DOCU: Correlation
Measured on weekly returns over the past three years, Salesforce (CRM) and DocuSign, Inc. (DOCU) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and DOCU?
Over the past 3 years, CRM and DOCU moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 1044.8 %².
By 3-year correlation, DOCU places #22 of the 68 assets tracked against CRM. Correlation aside, the last 12 months split them widely, with CRM ahead by 16.2 points (+1.6% versus -14.6%).
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.
CRM vs DOCU: side by side
| CRM (Salesforce) | DOCU (DocuSign, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -14.6% |
| 5-year return | -3.2% | -79.0% |
| Volatility (ann.) | 37.6% | 48.0% |
| Beta vs S&P 500 | 1.21 | 1.22 |
| Max drawdown (3Y) | -58.7% | -61.0% |
| Market cap | $207.4B | $12.2B |
| P/E (trailing) | 18.8 | 41.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | DOCU |
|---|---|---|
| 2022 | -47.8% | -63.6% |
| 2023 | +98.5% | +7.3% |
| 2024 | +27.8% | +51.3% |
| 2025 | -20.2% | -23.9% |
| 2026 | -4.4% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and DOCU good diversifiers for each other?
Only partially. A correlation of 0.58 means CRM and DOCU share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRM and DOCU?
As of 2026-08-27, the correlation of weekly returns between CRM and DOCU is 0.58 over 3 years, 0.63 over 1 year and 0.60 over 5 years.
Is DOCU a good diversifier for CRM?
Only partially. A correlation of 0.58 means CRM and DOCU share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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: CRM correlations · DOCU correlations
