PATH vs. SPWO
PATH (UiPath Inc.) is a stock, while SPWO (SP Funds S&P World (ex-US) ETF) is Foreign Large Cap Equities fund tracking the S&P DM Ex-U.S. & EM 50/50 Shariah Index. Over the past year, PATH returned -17.59% vs 40.81% for SPWO. At a 0.36 correlation, their price movements are largely independent.
Performance
PATH vs. SPWO - Performance Comparison
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Returns By Period
In the year-to-date period, PATH achieves a -37.10% return, which is significantly lower than SPWO's 23.45% return.
PATH
- 1D
- 1.48%
- 1M
- -5.67%
- YTD
- -37.10%
- 6M
- -39.92%
- 1Y
- -17.59%
- 3Y*
- -13.14%
- 5Y*
- -31.78%
- 10Y*
- —
SPWO
- 1D
- 0.42%
- 1M
- 2.43%
- YTD
- 23.45%
- 6M
- 22.92%
- 1Y
- 40.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PATH vs. SPWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PATH UiPath Inc. | -37.10% | 28.95% | -48.83% | -5.41% |
SPWO SP Funds S&P World (ex-US) ETF | 23.45% | 26.32% | 9.25% | 1.36% |
Correlation
The correlation between PATH and SPWO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023 | 0.36 |
The correlation between PATH and SPWO shifts across timeframes, from 0.20 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PATH vs. SPWO — Risk / Return Rank
PATH
SPWO
PATH vs. SPWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UiPath Inc. (PATH) and SP Funds S&P World (ex-US) ETF (SPWO). 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.
| PATH | SPWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.34 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 2.98 | -3.33 |
| Martin ratioReturn relative to average drawdown | -0.59 | 11.04 | -11.63 |
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Drawdowns
PATH vs. SPWO - Drawdown Comparison
The maximum PATH drawdown since its inception was -88.98%, which is greater than SPWO's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for PATH and SPWO.
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Drawdown Indicators
| PATH | SPWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.98% | -18.03% | -70.95% |
Max Drawdown (1Y)Largest decline over 1 year | -51.37% | -13.75% | -37.62% |
Max Drawdown (3Y)Largest decline over 3 years | -65.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -86.84% | — | — |
Current DrawdownCurrent decline from peak | -87.89% | -4.33% | -83.56% |
Average DrawdownAverage peak-to-trough decline | -73.81% | -2.81% | -71.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.71% | 3.71% | +26.00% |
Volatility
PATH vs. SPWO - Volatility Comparison
UiPath Inc. (PATH) has a higher volatility of 16.68% compared to SP Funds S&P World (ex-US) ETF (SPWO) at 11.03%. This indicates that PATH's price experiences larger fluctuations and is considered to be riskier than SPWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PATH | SPWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.68% | 11.03% | +5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 42.37% | 19.15% | +23.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.60% | 21.87% | +41.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.46% | 19.88% | +43.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.04% | 19.88% | +44.16% |
Dividends
PATH vs. SPWO - Dividend Comparison
PATH has not paid dividends to shareholders, while SPWO's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PATH UiPath Inc. | 0.00% | 0.00% | 0.00% |
SPWO SP Funds S&P World (ex-US) ETF | 1.05% | 1.29% | 1.24% |
Frequently Asked Questions
PATH and SPWO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PATH has higher volatility (16.68%) compared to SPWO (11.03%). In terms of maximum drawdown, PATH dropped -88.98% vs SPWO's -18.03%.
SPWO currently has the higher Sharpe Ratio (1.89 vs -0.28), 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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