NCNO vs. PATH
NCNO (nCino, Inc.) and PATH (UiPath Inc.) are both stocks. Both are in the Technology sector — NCNO in Software - Application, PATH in Software - Infrastructure. Over the past 5 years, NCNO returned -21.39%/yr vs -26.78%/yr for PATH. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
NCNO vs. PATH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NCNO achieves a -25.12% return, which is significantly lower than PATH's -20.38% return.
NCNO
- 1D
- 4.01%
- 1M
- 8.17%
- 6M
- -8.22%
- YTD
- -25.12%
- 1Y
- -29.28%
- 3Y*
- -13.49%
- 5Y*
- -21.39%
- 10Y*
- —
- ALL TIME*
- -19.43%
PATH
- 1D
- 2.27%
- 1M
- 11.44%
- 6M
- 4.07%
- YTD
- -20.38%
- 1Y
- 17.46%
- 3Y*
- -6.72%
- 5Y*
- -26.78%
- 10Y*
- —
- ALL TIME*
- -26.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NCNO nCino, Inc. | $41.85M | $41.20M | $56.30M |
PATH UiPath Inc. | $831.28M | $986.44M | $677.72M |
NCNO vs. PATH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NCNO nCino, Inc. | -25.12% | -23.65% | -0.15% | 27.19% | -51.80% | -18.18% |
PATH UiPath Inc. | -20.38% | 28.95% | -48.83% | 95.44% | -70.53% | -34.15% |
Correlation
The correlation between NCNO and PATH is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021 | 0.59 |
The correlation between NCNO and PATH shifts across timeframes, from 0.49 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NCNO:
$2.10B
PATH:
$6.94B
NCNO:
$0.12
PATH:
$0.61
NCNO:
164.29
PATH:
21.49
NCNO:
3.57
PATH:
4.21
NCNO:
2.17
PATH:
3.62
NCNO:
$610.06M
PATH:
$1.67B
NCNO:
$374.67M
PATH:
$1.39B
NCNO:
$49.42M
PATH:
$115.98M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NCNO vs. PATH — Risk / Return Rank
NCNO
PATH
NCNO vs. PATH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for nCino, Inc. (NCNO) 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.
| NCNO | PATH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.11 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 0.34 | -0.86 |
| Martin ratioReturn relative to average drawdown | -0.78 | 0.55 | -1.33 |
Loading charts...
Drawdowns
NCNO vs. PATH - Drawdown Comparison
The maximum NCNO drawdown since its inception was -85.71%, roughly equal to the maximum PATH drawdown of -88.98%. Use the drawdown chart below to compare losses from any high point for NCNO and PATH.
Loading charts...
Drawdown Indicators
| NCNO | PATH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.71% | -88.98% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -57.14% | -51.37% | -5.77% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -65.10% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -82.07% | -85.56% | +3.49% |
Current DrawdownCurrent decline from peak | -80.42% | -84.67% | +4.25% |
Average DrawdownAverage peak-to-trough decline | -59.66% | -74.06% | +14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.63% | 31.85% | +5.78% |
Volatility
NCNO vs. PATH - Volatility Comparison
The current volatility for nCino, Inc. (NCNO) is 13.20%, while UiPath Inc. (PATH) has a volatility of 18.25%. This indicates that NCNO 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.
Loading charts...
Volatility by Period
| NCNO | PATH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.20% | 18.25% | -5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 39.45% | 41.84% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.19% | 66.04% | -16.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.95% | 63.82% | -9.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.44% | 64.00% | -8.56% |
Dividends
NCNO vs. PATH - Dividend Comparison
Neither NCNO nor PATH has paid dividends to shareholders.
Financials
NCNO vs. PATH - Financials Comparison
This section allows you to compare key financial metrics between nCino, 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
NCNO vs. PATH - Profitability Comparison
NCNO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, nCino, Inc. reported a gross profit of 100.94M and revenue of 159.41M. Therefore, the gross margin over that period was 63.3%.
PATH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
NCNO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, nCino, Inc. reported an operating income of 21.12M and revenue of 159.41M, resulting in an operating margin of 13.3%.
PATH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, UiPath Inc. reported an operating income of 27.99M and revenue of 418.38M, resulting in an operating margin of 6.7%.
NCNO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, nCino, Inc. reported a net income of 13.64M and revenue of 159.41M, resulting in a net margin of 8.6%.
PATH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
NCNO and PATH have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PATH has higher volatility (18.25%) compared to NCNO (13.20%). In terms of maximum drawdown, NCNO dropped -85.71% vs PATH's -88.98%.
PATH currently has the higher Sharpe Ratio (0.27 vs -0.60), 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.
Find the right allocation for NCNO and PATH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer