CRM vs PATH: Correlation
How closely do Salesforce (CRM) and UiPath, Inc. (PATH) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and PATH?
Over the past 3 years, CRM and PATH moved with a correlation of 0.70, which is strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 1599.6 %².
Among the 68 assets we track against CRM, PATH ranks #4 by 3-year correlation. The last year tells two different stories: PATH led by 62.9 percentage points, +1.6% for CRM against +64.5% for PATH. One caveat on sizing: PATH is 1.6 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.
CRM vs PATH: side by side
| CRM (Salesforce) | PATH (UiPath, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | +64.5% |
| 5-year return | -3.2% | -71.6% |
| Volatility (ann.) | 37.6% | 60.8% |
| Beta vs S&P 500 | 1.21 | 1.40 |
| Max drawdown (3Y) | -58.7% | -65.1% |
| Market cap | $207.4B | $9.5B |
| P/E (trailing) | 18.8 | 27.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | PATH |
|---|---|---|
| 2022 | -47.8% | -70.5% |
| 2023 | +98.5% | +95.4% |
| 2024 | +27.8% | -48.8% |
| 2025 | -20.2% | +29.0% |
| 2026 | -4.4% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and PATH good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRM and PATH?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.69 over the last year and 0.64 over 5 years.
Is PATH a good diversifier for CRM?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crm-vs-path.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crm-vs-path/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRM correlations · PATH correlations
