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DOCU vs. PATH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

DOCU vs. PATH

Last updated May 1, 2025

Compare and contrast key facts about DocuSign, Inc. (DOCU) and UiPath Inc. (PATH).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DOCU or PATH.

Correlation

The correlation between DOCU and PATH is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

-0.50.00.51.0
Correlation: 0.6

Performance

DOCU vs. PATH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DocuSign, Inc. (DOCU) and UiPath Inc. (PATH). The values are adjusted to include any dividend payments, if applicable.
-90.00%-80.00%-70.00%-60.00%-50.00%December2025FebruaryMarchAprilMay
-62.73%
-82.78%
DOCU
PATH

Key characteristics

Sharpe Ratio

DOCU:

0.87

PATH:

-0.69

Sortino Ratio

DOCU:

1.73

PATH:

-0.69

Omega Ratio

DOCU:

1.22

PATH:

0.89

Calmar Ratio

DOCU:

0.51

PATH:

-0.45

Martin Ratio

DOCU:

3.04

PATH:

-1.04

Ulcer Index

DOCU:

14.13%

PATH:

38.39%

Daily Std Dev

DOCU:

49.60%

PATH:

57.53%

Max Drawdown

DOCU:

-87.57%

PATH:

-88.50%

Current Drawdown

DOCU:

-73.63%

PATH:

-86.04%

Fundamentals

Market Cap

DOCU:

$16.66B

PATH:

$6.58B

EPS

DOCU:

$5.08

PATH:

-$0.13

PEG Ratio

DOCU:

0.41

PATH:

0.60

PS Ratio

DOCU:

5.58

PATH:

4.37

PB Ratio

DOCU:

8.37

PATH:

3.47

Total Revenue (TTM)

DOCU:

$2.27B

PATH:

$1.09B

Gross Profit (TTM)

DOCU:

$1.79B

PATH:

$902.94M

EBITDA (TTM)

DOCU:

$296.05M

PATH:

-$103.99M

Returns By Period

In the year-to-date period, DOCU achieves a -9.11% return, which is significantly lower than PATH's -6.53% return.

DOCU

YTD

-9.11%

1M

0.43%

6M

18.51%

1Y

44.43%

5Y*

-4.63%

10Y*

N/A

PATH

YTD

-6.53%

1M

13.14%

6M

-3.88%

1Y

-38.25%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

DOCU vs. PATH — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DOCU
The Risk-Adjusted Performance Rank of DOCU is 7979
Overall Rank
The Sharpe Ratio Rank of DOCU is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of DOCU is 8282
Sortino Ratio Rank
The Omega Ratio Rank of DOCU is 7878
Omega Ratio Rank
The Calmar Ratio Rank of DOCU is 7373
Calmar Ratio Rank
The Martin Ratio Rank of DOCU is 7979
Martin Ratio Rank
PATH
The Risk-Adjusted Performance Rank of PATH is 2020
Overall Rank
The Sharpe Ratio Rank of PATH is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of PATH is 1919
Sortino Ratio Rank
The Omega Ratio Rank of PATH is 1717
Omega Ratio Rank
The Calmar Ratio Rank of PATH is 2323
Calmar Ratio Rank
The Martin Ratio Rank of PATH is 2727
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DOCU vs. PATH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) and UiPath Inc. (PATH). 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.

The chart of Sharpe ratio for DOCU, currently valued at 0.87, compared to the broader market-2.00-1.000.001.002.003.00
DOCU: 0.87
PATH: -0.69
The chart of Sortino ratio for DOCU, currently valued at 1.74, compared to the broader market-6.00-4.00-2.000.002.004.00
DOCU: 1.74
PATH: -0.69
The chart of Omega ratio for DOCU, currently valued at 1.22, compared to the broader market0.501.001.502.00
DOCU: 1.22
PATH: 0.89
The chart of Calmar ratio for DOCU, currently valued at 0.51, compared to the broader market0.001.002.003.004.005.00
DOCU: 0.51
PATH: -0.45
The chart of Martin ratio for DOCU, currently valued at 3.04, compared to the broader market-10.00-5.000.005.0010.0015.0020.00
DOCU: 3.04
PATH: -1.04

The current DOCU Sharpe Ratio is 0.87, which is higher than the PATH Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of DOCU and PATH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.87
-0.69
DOCU
PATH

Dividends

DOCU vs. PATH - Dividend Comparison

Neither DOCU nor PATH has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DOCU vs. PATH - Drawdown Comparison

The maximum DOCU drawdown since its inception was -87.57%, roughly equal to the maximum PATH drawdown of -88.50%. Use the drawdown chart below to compare losses from any high point for DOCU and PATH. For additional features, visit the drawdowns tool.

-90.00%-85.00%-80.00%-75.00%-70.00%-65.00%December2025FebruaryMarchAprilMay
-73.63%
-86.04%
DOCU
PATH

Volatility

DOCU vs. PATH - Volatility Comparison

DocuSign, Inc. (DOCU) has a higher volatility of 20.00% compared to UiPath Inc. (PATH) at 16.46%. This indicates that DOCU's price experiences larger fluctuations and is considered to be riskier than PATH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

10.00%15.00%20.00%25.00%30.00%December2025FebruaryMarchAprilMay
20.00%
16.46%
DOCU
PATH

Financials

DOCU vs. PATH - Financials Comparison

This section allows you to compare key financial metrics between DocuSign, Inc. and UiPath 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

100.00M200.00M300.00M400.00M500.00M600.00M700.00M800.00MJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
776.25M
423.65M
(DOCU) Total Revenue
(PATH) Total Revenue
Values in USD except per share items

DOCU vs. PATH - Profitability Comparison

The chart below illustrates the profitability comparison between DocuSign, Inc. and UiPath Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
75.0%80.0%85.0%90.0%JulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
79.4%
84.8%
(DOCU) Gross Margin
(PATH) Gross Margin
DOCU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, DocuSign, Inc. reported a gross profit of 616.04M and revenue of 776.25M. Therefore, the gross margin over that period was 79.4%.
PATH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, UiPath Inc. reported a gross profit of 359.11M and revenue of 423.65M. Therefore, the gross margin over that period was 84.8%.
DOCU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, DocuSign, Inc. reported an operating income of 60.47M and revenue of 776.25M, resulting in an operating margin of 7.8%.
PATH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, UiPath Inc. reported an operating income of 33.61M and revenue of 423.65M, resulting in an operating margin of 7.9%.
DOCU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, DocuSign, Inc. reported a net income of 83.49M and revenue of 776.25M, resulting in a net margin of 10.8%.
PATH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, UiPath Inc. reported a net income of 51.79M and revenue of 423.65M, resulting in a net margin of 12.2%.