PATH vs SPY

Comparison between UiPath Inc - Class A (PATH, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed PATH, delivering a return of +13.8% compared to -32.2%

PATH vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PATH(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$5.80B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	88.98%	56.47%
Sharpe Ratio	-0.01	1.67
5Y Beta	1.36	1.00
Industry	Software - Infrastructure	N/A
P/E Ratio	20.34	28.81
Forward P/E	12.71	22.07
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.84%
Debt to Equity	0.00%	34.16%
Free Cash Flow Yield	6.08%	N/A
P/S Ratio	N/A	3.69
P/B Ratio	N/A	5.54

Market Cap / Net Assets

PATH

$5.80B

Winner

SPY

$735B

Expense Ratio

PATH

N/A

SPY

0.09%

Max Drawdown

PATH

88.98%

Winner

SPY

56.47%

Sharpe Ratio

PATH

-0.01

Winner

SPY

1.67

5Y Beta

PATH

1.36

Winner

SPY

1.00

Industry

PATH

Software - Infrastructure

SPY

N/A

P/E Ratio

Winner

PATH

20.34

SPY

28.81

Forward P/E

Winner

PATH

12.71

SPY

22.07

5Y Dividends CAGR

PATH

N/A

SPY

5.43%

5Y EPS CAGR

PATH

N/A

SPY

25.84%

Debt to Equity

Winner

PATH

0.00%

SPY

34.16%

Free Cash Flow Yield

PATH

6.08%

SPY

N/A

P/S Ratio

PATH

N/A

SPY

3.69

P/B Ratio

PATH

N/A

SPY

5.54

PATH vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	PATH	SPY
1 month	+1.99%	+4.59%
3 months	-0.28%	+7.81%
6 months	-15.40%	+14.24%
1 year	-13.42%	+26.47%
5 years(CAGR)	-32.24%	+13.84%
10 years(CAGR)	N/A	+15.57%
Max(CAGR)	-30.63%	+8.50%

PATH

+1.99%

Winner

SPY

+4.59%

PATH

-0.28%

Winner

SPY

+7.81%

PATH

-15.40%

Winner

SPY

+14.24%

PATH

-13.42%

Winner

SPY

+26.47%

5Y(CAGR)

PATH

-32.24%

Winner

SPY

+13.84%

10Y(CAGR)

PATH

N/A

SPY

+15.57%

Max(CAGR)

PATH

-30.63%

Winner

SPY

+8.50%

PATH vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PATH	SPY
2026	-32.18%	+8.80%
2025	+26.76%	+18.00%
2024	-46.60%	+25.59%
2023	+102.12%	+26.72%
2022	-71.03%	-18.64%
2021	-37.49%	+30.52%
2020	N/A	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

PATH vs SPY Drawdown Comparison

The maximum drawdown for PATH was -88.98%, occurring on Apr 10, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current PATH drawdown is -87.35%. The current SPY drawdown is -0.92%.

Rank	PATH	SPY
#1	-88.98% May 24, 2021 - Apr 10, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-19.07% Apr 26, 2021 - May 24, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-0.87% Apr 22, 2021 - Apr 26, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	N/A	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	N/A	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	N/A	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	N/A	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	N/A	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between PATH and SPY is -0.41 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.41

-101