PATH vs. NVDY
PATH (UiPath Inc.) is a stock, while NVDY (YieldMax NVDA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past 3 years, PATH returned -15.58%/yr vs 55.07%/yr for NVDY. At a 0.24 correlation, their price movements are largely independent.
Performance
PATH vs. NVDY - Performance Comparison
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Returns By Period
In the year-to-date period, PATH achieves a -28.80% return, which is significantly lower than NVDY's 14.49% return.
PATH
- 1D
- 0.00%
- 1M
- 9.07%
- YTD
- -28.80%
- 6M
- -36.85%
- 1Y
- -10.57%
- 3Y*
- -15.58%
- 5Y*
- -31.21%
- 10Y*
- —
NVDY
- 1D
- 1.27%
- 1M
- 7.84%
- YTD
- 14.49%
- 6M
- 17.01%
- 1Y
- 47.85%
- 3Y*
- 55.07%
- 5Y*
- —
- 10Y*
- —
PATH vs. NVDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PATH UiPath Inc. | -28.80% | 28.95% | -48.83% | 70.02% |
NVDY YieldMax NVDA Option Income Strategy ETF | 14.49% | 27.38% | 114.23% | 42.02% |
Correlation
The correlation between PATH and NVDY is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 12, 2023 | 0.24 |
The correlation between PATH and NVDY shifts across timeframes, from 0.11 (1 year) to 0.25 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PATH vs. NVDY — Risk / Return Rank
PATH
NVDY
PATH vs. NVDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UiPath Inc. (PATH) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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.
| PATH | NVDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.29 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 3.75 | -3.96 |
| Martin ratioReturn relative to average drawdown | -0.38 | 9.22 | -9.59 |
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
| PATH | NVDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 1.76 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 1.65 | -2.11 |
Drawdowns
PATH vs. NVDY - Drawdown Comparison
The maximum PATH drawdown since its inception was -88.98%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for PATH and NVDY.
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Drawdown Indicators
| PATH | NVDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.98% | -34.08% | -54.90% |
Max Drawdown (1Y)Largest decline over 1 year | -51.37% | -12.81% | -38.56% |
Max Drawdown (3Y)Largest decline over 3 years | -65.10% | -34.08% | -31.02% |
Max Drawdown (5Y)Largest decline over 5 years | -87.66% | — | — |
Current DrawdownCurrent decline from peak | -86.29% | -5.47% | -80.82% |
Average DrawdownAverage peak-to-trough decline | -73.73% | -6.15% | -67.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.92% | 5.21% | +22.71% |
Volatility
PATH vs. NVDY - Volatility Comparison
UiPath Inc. (PATH) has a higher volatility of 19.85% compared to YieldMax NVDA Option Income Strategy ETF (NVDY) at 9.43%. This indicates that PATH's price experiences larger fluctuations and is considered to be riskier than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PATH | NVDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.85% | 9.43% | +10.42% |
Volatility (6M)Calculated over the trailing 6-month period | 48.46% | 20.71% | +27.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.43% | 27.33% | +36.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.65% | 38.22% | +25.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.27% | 38.22% | +26.05% |
Dividends
PATH vs. NVDY - Dividend Comparison
PATH has not paid dividends to shareholders, while NVDY's dividend yield for the trailing twelve months is around 62.14%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 62.14% | 83.10% | 83.65% | 22.32% |
PATH UiPath Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PATH and NVDY have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PATH has higher volatility (19.85%) compared to NVDY (9.43%). In terms of maximum drawdown, PATH dropped -88.98% vs NVDY's -34.08%.
NVDY currently has the higher Sharpe Ratio (1.76 vs -0.17), 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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