CXM vs PATH: Correlation
How closely do Sprinklr, Inc. (CXM) and UiPath, Inc. (PATH) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXM and PATH?
Over the past 3 years, CXM and PATH moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 1197.2 %².
Among the 13 assets we track against CXM, PATH ranks #4 by 3-year correlation. The last year tells two different stories: PATH led by 72.8 percentage points, -8.3% for CXM against +64.5% for PATH. Risk is not evenly split, since PATH carries 1.5 times the volatility of the other side.
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.
CXM vs PATH: side by side
| CXM (Sprinklr, Inc.) | PATH (UiPath, Inc.) | |
|---|---|---|
| 1-year return | -8.3% | +64.5% |
| 5-year return | -49.6% | -71.6% |
| Volatility (ann.) | 40.4% | 60.8% |
| Beta vs S&P 500 | 0.91 | 1.40 |
| Max drawdown (3Y) | -71.1% | -65.1% |
| Market cap | – | $9.5B |
| P/E (trailing) | 61.1 | 27.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXM | PATH |
|---|---|---|
| 2022 | -48.5% | -70.5% |
| 2023 | +47.4% | +95.4% |
| 2024 | -29.8% | -48.8% |
| 2025 | -7.9% | +29.0% |
| 2026 | +2.1% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXM and PATH good diversifiers for each other?
Reasonably. At 0.49, CXM and PATH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CXM and PATH?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.56 over the last year and 0.45 over 5 years.
Is PATH a good diversifier for CXM?
Reasonably. At 0.49, CXM and PATH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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/cxm-vs-path.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CXM correlations · PATH correlations
