ADSK vs PATH: Correlation
Measured on weekly returns over the past three years, Autodesk (ADSK) and UiPath, Inc. (PATH) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and PATH?
Over the past 3 years, ADSK and PATH moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1053.7 %².
Within ADSK's tracked universe of 44 assets, PATH comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PATH ahead by 69.9 points (-5.4% versus +64.5%). One caveat on sizing: PATH is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADSK vs PATH: side by side
| ADSK (Autodesk) | PATH (UiPath, Inc.) | |
|---|---|---|
| 1-year return | -5.4% | +64.5% |
| 5-year return | -13.7% | -71.6% |
| Volatility (ann.) | 30.9% | 60.8% |
| Beta vs S&P 500 | 1.04 | 1.40 |
| Max drawdown (3Y) | -42.6% | -65.1% |
| Market cap | $57.1B | $9.5B |
| P/E (trailing) | 37.2 | 27.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | PATH |
|---|---|---|
| 2022 | -33.5% | -70.5% |
| 2023 | +30.3% | +95.4% |
| 2024 | +21.4% | -48.8% |
| 2025 | +0.1% | +29.0% |
| 2026 | -8.6% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and PATH good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADSK and PATH?
The ADSK/PATH correlation stands at 0.56 on a 3-year window (1 year: 0.52, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is PATH a good diversifier for ADSK?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adsk-vs-path.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adsk-vs-path/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADSK correlations · PATH correlations
