IOT vs PATH: Correlation
Measured on weekly returns over the past three years, Samsara Inc. (IOT) and UiPath, Inc. (PATH) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IOT and PATH?
On 3 years of weekly data the IOT/PATH correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 2245.2 %².
Few assets follow IOT as closely as PATH, which ranks #3 of 18 tracked partners. The last year tells two different stories: PATH led by 47.1 percentage points, +17.4% for IOT against +64.5% for PATH.
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.
IOT vs PATH: side by side
| IOT (Samsara Inc.) | PATH (UiPath, Inc.) | |
|---|---|---|
| 1-year return | +17.4% | +64.5% |
| 5-year return | +69.5% | -71.6% |
| Volatility (ann.) | 59.7% | 60.8% |
| Beta vs S&P 500 | 1.74 | 1.40 |
| Max drawdown (3Y) | -60.2% | -65.1% |
| Market cap | – | $9.5B |
| P/E (trailing) | 418.7 | 27.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IOT | PATH |
|---|---|---|
| 2022 | -55.8% | -70.5% |
| 2023 | +168.5% | +95.4% |
| 2024 | +30.9% | -48.8% |
| 2025 | -18.9% | +29.0% |
| 2026 | +18.1% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IOT and PATH good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IOT and PATH?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.58 over the last year and 0.60 over 5 years.
Is PATH a good diversifier for IOT?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/iot-vs-path.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iot-vs-path/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IOT correlations · PATH correlations
