PATH vs. SPYI
PATH (UiPath Inc.) is a stock, while SPYI (NEOS S&P 500 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past 3 years, PATH returned -15.58%/yr vs 16.57%/yr for SPYI. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
PATH vs. SPYI - 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 SPYI's 8.08% return.
PATH
- 1D
- 0.00%
- 1M
- 9.07%
- YTD
- -28.80%
- 6M
- -36.85%
- 1Y
- -10.57%
- 3Y*
- -15.58%
- 5Y*
- -31.21%
- 10Y*
- —
SPYI
- 1D
- 0.33%
- 1M
- 3.47%
- YTD
- 8.08%
- 6M
- 8.61%
- 1Y
- 23.19%
- 3Y*
- 16.57%
- 5Y*
- —
- 10Y*
- —
PATH vs. SPYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PATH UiPath Inc. | -28.80% | 28.95% | -48.83% | 95.44% | -22.74% |
SPYI NEOS S&P 500 High Income ETF | 8.08% | 16.67% | 19.03% | 18.09% | -2.44% |
Correlation
The correlation between PATH and SPYI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022 | 0.51 |
Over the past year, the correlation between PATH and SPYI has dropped to 0.28 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
PATH vs. SPYI — Risk / Return Rank
PATH
SPYI
PATH vs. SPYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UiPath Inc. (PATH) and NEOS S&P 500 High Income ETF (SPYI). 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 | SPYI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.47 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 3.02 | -3.23 |
| Martin ratioReturn relative to average drawdown | -0.38 | 15.73 | -16.11 |
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 | SPYI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 2.42 | -2.59 |
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 | 1.22 | -1.68 |
Drawdowns
PATH vs. SPYI - Drawdown Comparison
The maximum PATH drawdown since its inception was -88.98%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for PATH and SPYI.
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Drawdown Indicators
| PATH | SPYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.98% | -16.47% | -72.51% |
Max Drawdown (1Y)Largest decline over 1 year | -51.37% | -7.72% | -43.65% |
Max Drawdown (3Y)Largest decline over 3 years | -65.10% | -16.47% | -48.63% |
Max Drawdown (5Y)Largest decline over 5 years | -87.66% | — | — |
Current DrawdownCurrent decline from peak | -86.29% | -0.17% | -86.12% |
Average DrawdownAverage peak-to-trough decline | -73.73% | -1.80% | -71.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.92% | 1.48% | +26.44% |
Volatility
PATH vs. SPYI - Volatility Comparison
UiPath Inc. (PATH) has a higher volatility of 19.85% compared to NEOS S&P 500 High Income ETF (SPYI) at 1.78%. This indicates that PATH's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PATH | SPYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.85% | 1.78% | +18.07% |
Volatility (6M)Calculated over the trailing 6-month period | 48.46% | 7.42% | +41.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.43% | 9.62% | +53.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.65% | 12.91% | +50.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.27% | 12.91% | +51.36% |
Dividends
PATH vs. SPYI - Dividend Comparison
PATH has not paid dividends to shareholders, while SPYI's dividend yield for the trailing twelve months is around 11.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PATH UiPath Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYI NEOS S&P 500 High Income ETF | 11.60% | 11.70% | 12.04% | 12.01% | 4.10% |
Frequently Asked Questions
PATH and SPYI have a correlation of 0.28, 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 SPYI (1.78%). In terms of maximum drawdown, PATH dropped -88.98% vs SPYI's -16.47%.
SPYI currently has the higher Sharpe Ratio (2.42 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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