ASAN vs PATH: Correlation
How closely do Asana, Inc. (ASAN) and UiPath, Inc. (PATH) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASAN and PATH?
Over the past 3 years, ASAN and PATH moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 2029.4 %².
Within ASAN's tracked universe of 19 assets, PATH comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PATH ahead by 93.5 points (-29.0% versus +64.5%).
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.
ASAN vs PATH: side by side
| ASAN (Asana, Inc.) | PATH (UiPath, Inc.) | |
|---|---|---|
| 1-year return | -29.0% | +64.5% |
| 5-year return | -86.9% | -71.6% |
| Volatility (ann.) | 59.9% | 60.8% |
| Beta vs S&P 500 | 1.49 | 1.40 |
| Max drawdown (3Y) | -80.2% | -65.1% |
| Market cap | $2.3B | $9.5B |
| P/E (trailing) | – | 27.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASAN | PATH |
|---|---|---|
| 2022 | -81.5% | -70.5% |
| 2023 | +38.1% | +95.4% |
| 2024 | +6.6% | -48.8% |
| 2025 | -32.4% | +29.0% |
| 2026 | -25.8% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASAN and PATH good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ASAN and PATH?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.64 over the last year and 0.55 over 5 years.
Is PATH a good diversifier for ASAN?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asan-vs-path.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asan-vs-path/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASAN correlations · PATH correlations
