DOCU vs LULU: Correlation
How closely do DocuSign, Inc. (DOCU) and Lululemon Athletica (LULU) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCU and LULU?
Across a 3-year window, the weekly returns of DOCU and LULU correlate at 0.41, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.41). Stretching to 5 years gives 0.40, with an annualized covariance of 816.4 %².
Within DOCU's tracked universe of 13 assets, LULU comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DOCU ahead by 29.5 points (-14.6% versus -44.1%).
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.
DOCU vs LULU: side by side
| DOCU (DocuSign, Inc.) | LULU (Lululemon Athletica) | |
|---|---|---|
| 1-year return | -14.6% | -44.1% |
| 5-year return | -79.0% | -72.3% |
| Volatility (ann.) | 48.0% | 41.8% |
| Beta vs S&P 500 | 1.22 | 0.98 |
| Max drawdown (3Y) | -61.0% | -79.4% |
| Market cap | $12.2B | $13.1B |
| P/E (trailing) | 41.4 | 9.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | DOCU | LULU |
|---|---|---|
| 2022 | -63.6% | -18.2% |
| 2023 | +7.3% | +59.6% |
| 2024 | +51.3% | -25.2% |
| 2025 | -23.9% | -45.7% |
| 2026 | -6.7% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCU and LULU good diversifiers for each other?
Reasonably. At 0.41, DOCU and LULU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DOCU and LULU?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.19 over the last year and 0.40 over 5 years.
Is LULU a good diversifier for DOCU?
Reasonably. At 0.41, DOCU and LULU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/docu-vs-lulu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/docu-vs-lulu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOCU correlations · LULU correlations
