DOCU vs. PATH
DOCU (DocuSign, Inc.) and PATH (UiPath Inc.) are both stocks. Both are in the Technology sector — DOCU in Software - Application, PATH in Software - Infrastructure. Over the past 5 years, DOCU returned -22.32%/yr vs -30.20%/yr for PATH. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
DOCU vs. PATH - Performance Comparison
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Returns By Period
In the year-to-date period, DOCU achieves a -19.44% return, which is significantly higher than PATH's -25.69% return.
DOCU
- 1D
- -3.37%
- 1M
- 14.89%
- YTD
- -19.44%
- 6M
- -19.98%
- 1Y
- -38.23%
- 3Y*
- -1.39%
- 5Y*
- -22.32%
- 10Y*
- —
PATH
- 1D
- -7.02%
- 1M
- 14.15%
- YTD
- -25.69%
- 6M
- -14.83%
- 1Y
- -2.48%
- 3Y*
- -12.59%
- 5Y*
- -30.20%
- 10Y*
- —
DOCU vs. PATH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOCU DocuSign, Inc. | -19.44% | -23.95% | 51.29% | 7.27% | -63.61% | -30.57% |
PATH UiPath Inc. | -25.69% | 28.95% | -48.83% | 95.44% | -70.53% | -37.49% |
Correlation
The correlation between DOCU and PATH is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2021 | 0.64 |
The correlation between DOCU and PATH has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
Fundamentals
DOCU:
$11.28B
PATH:
$6.43B
DOCU:
$1.48
PATH:
$0.61
DOCU:
37.27
PATH:
20.09
DOCU:
3.58
PATH:
3.93
DOCU:
5.88
PATH:
3.38
DOCU:
$3.22B
PATH:
$1.67B
DOCU:
$2.56B
PATH:
$1.39B
DOCU:
$562.16M
PATH:
$115.98M
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Return for Risk
DOCU vs. PATH — Risk / Return Rank
DOCU
PATH
DOCU vs. PATH - Risk-Adjusted Trends 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.
| DOCU | PATH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.80 | -0.04 | -0.76 |
Sortino ratioReturn per unit of downside risk | -0.95 | 0.43 | -1.38 |
Omega ratioGain probability vs. loss probability | 0.87 | 1.05 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.17 | -0.52 |
Martin ratioReturn relative to average drawdown | -1.08 | -0.31 | -0.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DOCU | PATH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | -0.04 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | -0.48 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.45 | +0.52 |
Drawdowns
DOCU vs. PATH - Drawdown Comparison
The maximum DOCU drawdown since its inception was -87.57%, roughly equal to the maximum PATH drawdown of -88.98%. Use the drawdown chart below to compare losses from any high point for DOCU and PATH.
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Drawdown Indicators
| DOCU | PATH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.57% | -88.98% | +1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -55.51% | -51.37% | -4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -65.10% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -87.57% | -87.66% | +0.09% |
Current DrawdownCurrent decline from peak | -82.23% | -85.69% | +3.46% |
Average DrawdownAverage peak-to-trough decline | -49.79% | -73.71% | +23.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.92% | 27.70% | +7.22% |
Volatility
DOCU vs. PATH - Volatility Comparison
The current volatility for DocuSign, Inc. (DOCU) is 14.63%, while UiPath Inc. (PATH) has a volatility of 19.33%. This indicates that DOCU experiences smaller price fluctuations and is considered to be less risky than PATH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCU | PATH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.63% | 19.33% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 48.35% | -13.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.89% | 63.75% | -15.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.44% | 63.77% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.45% | 64.29% | -7.84% |
Dividends
DOCU vs. PATH - Dividend Comparison
Neither DOCU nor PATH has paid dividends to shareholders.
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.
Total Revenue: Total amount of money received from sales and other business activities
DOCU vs. PATH - Profitability Comparison
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 667.08M and revenue of 836.86M. Therefore, the gross margin over that period was 79.7%.
PATH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, UiPath Inc. reported a gross profit of 341.45M and revenue of 418.38M. Therefore, the gross margin over that period was 81.6%.
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 87.74M and revenue of 836.86M, resulting in an operating margin of 10.5%.
PATH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, UiPath Inc. reported an operating income of 27.99M and revenue of 418.38M, resulting in an operating margin of 6.7%.
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 90.30M and revenue of 836.86M, 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 Jun 2026, UiPath Inc. reported a net income of 22.53M and revenue of 418.38M, resulting in a net margin of 5.4%.
Frequently Asked Questions
DOCU and PATH have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PATH has higher volatility (19.33%) compared to DOCU (14.63%). In terms of maximum drawdown, DOCU dropped -87.57% vs PATH's -88.98%.
PATH currently has the higher Sharpe Ratio (-0.04 vs -0.80), 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.
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