PATH vs. SPWO
PATH (UiPath Inc.) is a stock, while SPWO (SP Funds S&P World ETF) is Foreign Large Cap Equities fund tracking the S&P DM Ex-U.S. & EM 50/50 Shariah Index - Benchmark TR Net. Over the past year, PATH returned -10.57% vs 49.03% 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 -28.80% return, which is significantly lower than SPWO's 26.87% return.
PATH
- 1D
- -4.19%
- 1M
- 7.76%
- YTD
- -28.80%
- 6M
- -21.47%
- 1Y
- -10.57%
- 3Y*
- -13.83%
- 5Y*
- -31.21%
- 10Y*
- —
SPWO
- 1D
- -1.20%
- 1M
- 9.09%
- YTD
- 26.87%
- 6M
- 28.47%
- 1Y
- 49.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PATH vs. SPWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PATH UiPath Inc. | -28.80% | 28.95% | -48.83% | 0.40% |
SPWO SP Funds S&P World ETF | 26.87% | 26.32% | 9.25% | 2.96% |
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 21, 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 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.
| PATH | SPWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.44 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 3.58 | -3.79 |
| Martin ratioReturn relative to average drawdown | -0.38 | 13.64 | -14.02 |
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 | SPWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 2.51 | -2.68 |
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 | 1.44 | -1.90 |
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 | -87.66% | — | — |
Current DrawdownCurrent decline from peak | -86.29% | -1.20% | -85.09% |
Average DrawdownAverage peak-to-trough decline | -73.72% | -2.80% | -70.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.81% | 3.61% | +24.20% |
Volatility
PATH vs. SPWO - Volatility Comparison
UiPath Inc. (PATH) has a higher volatility of 19.91% compared to SP Funds S&P World ETF (SPWO) at 7.56%. 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 | 19.91% | 7.56% | +12.35% |
Volatility (6M)Calculated over the trailing 6-month period | 48.48% | 16.56% | +31.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.58% | 19.64% | +43.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.66% | 19.04% | +44.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.29% | 19.04% | +45.25% |
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 1.02%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PATH UiPath Inc. | 0.00% | 0.00% | 0.00% |
SPWO SP Funds S&P World ETF | 1.02% | 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 (19.91%) compared to SPWO (7.56%). In terms of maximum drawdown, PATH dropped -88.98% vs SPWO's -18.03%.
SPWO currently has the higher Sharpe Ratio (2.51 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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