GTLB vs. PATH
GTLB (GitLab Inc.) and PATH (UiPath Inc.) are both stocks. Both are in the Technology sector — GTLB in Software - Application, PATH in Software - Infrastructure. Over the past 3 years, GTLB returned -19.03%/yr vs -13.56%/yr for PATH. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
GTLB vs. PATH - Performance Comparison
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Returns By Period
In the year-to-date period, GTLB achieves a -31.18% return, which is significantly higher than PATH's -38.01% return.
GTLB
- 1D
- -2.75%
- 1M
- -3.37%
- YTD
- -31.18%
- 6M
- -32.70%
- 1Y
- -36.63%
- 3Y*
- -19.03%
- 5Y*
- —
- 10Y*
- —
PATH
- 1D
- -1.07%
- 1M
- -7.04%
- YTD
- -38.01%
- 6M
- -39.16%
- 1Y
- -16.58%
- 3Y*
- -13.56%
- 5Y*
- -31.88%
- 10Y*
- —
GTLB vs. PATH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GTLB GitLab Inc. | -31.18% | -33.40% | -10.50% | 38.56% | -47.77% | -7.69% |
PATH UiPath Inc. | -38.01% | 28.95% | -48.83% | 95.44% | -70.53% | -13.72% |
Correlation
The correlation between GTLB and PATH is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.64 |
The correlation between GTLB and PATH has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
Fundamentals
GTLB:
$4.39B
PATH:
$5.36B
GTLB:
-$0.15
PATH:
$0.61
GTLB:
4.29
PATH:
3.28
GTLB:
4.46
PATH:
2.82
GTLB:
$1.00B
PATH:
$1.67B
GTLB:
$871.68M
PATH:
$1.39B
GTLB:
-$42.85M
PATH:
$115.98M
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Return for Risk
GTLB vs. PATH — Risk / Return Rank
GTLB
PATH
GTLB vs. PATH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GitLab Inc. (GTLB) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GTLB | PATH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.00 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.32 | -0.27 |
| Martin ratioReturn relative to average drawdown | -1.08 | -0.56 | -0.52 |
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Drawdowns
GTLB vs. PATH - Drawdown Comparison
The maximum GTLB drawdown since its inception was -85.16%, roughly equal to the maximum PATH drawdown of -88.98%. Use the drawdown chart below to compare losses from any high point for GTLB and PATH.
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Drawdown Indicators
| GTLB | PATH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.16% | -88.98% | +3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -61.95% | -51.37% | -10.58% |
Max Drawdown (3Y)Largest decline over 3 years | -74.97% | -65.10% | -9.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -86.84% | — |
Current DrawdownCurrent decline from peak | -80.26% | -88.06% | +7.80% |
Average DrawdownAverage peak-to-trough decline | -61.11% | -73.79% | +12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.90% | 29.42% | +4.48% |
Volatility
GTLB vs. PATH - Volatility Comparison
GitLab Inc. (GTLB) has a higher volatility of 19.93% compared to UiPath Inc. (PATH) at 17.07%. This indicates that GTLB'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.
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Volatility by Period
| GTLB | PATH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.93% | 17.07% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 44.78% | 42.36% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.31% | 63.71% | -5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.48% | 63.46% | +11.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.48% | 64.09% | +10.39% |
Dividends
GTLB vs. PATH - Dividend Comparison
Neither GTLB nor PATH has paid dividends to shareholders.
Financials
GTLB vs. PATH - Financials Comparison
This section allows you to compare key financial metrics between GitLab 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
GTLB vs. PATH - Profitability Comparison
GTLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GitLab Inc. reported a gross profit of 226.67M and revenue of 264.16M. Therefore, the gross margin over that period was 85.8%.
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%.
GTLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GitLab Inc. reported an operating income of -15.75M and revenue of 264.16M, resulting in an operating margin of -6.0%.
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%.
GTLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GitLab Inc. reported a net income of -4.97M and revenue of 264.16M, resulting in a net margin of -1.9%.
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
GTLB and PATH have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTLB has higher volatility (19.93%) compared to PATH (17.07%). In terms of maximum drawdown, GTLB dropped -85.16% vs PATH's -88.98%.
PATH currently has the higher Sharpe Ratio (-0.26 vs -0.63), 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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