PATH vs PEG: Correlation
Measured on weekly returns over the past three years, UiPath, Inc. (PATH) and Public Service Enterprise Group (PEG) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PATH and PEG?
Over the past 3 years, PATH and PEG moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.52) runs below the 3-year figure (-0.23). Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -266.0 %².
Out of 14 assets tracked against PATH, PEG lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months PATH outperformed by 73.1 percentage points (+64.5% for PATH against -8.6% for PEG). One caveat on sizing: PATH is 3.2 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.
PATH vs PEG: side by side
| PATH (UiPath, Inc.) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +64.5% | -8.6% |
| 5-year return | -71.6% | +34.9% |
| Volatility (ann.) | 60.8% | 18.9% |
| Beta vs S&P 500 | 1.40 | 0.25 |
| Max drawdown (3Y) | -65.1% | -18.8% |
| Market cap | $9.5B | $36.5B |
| P/E (trailing) | 27.8 | 18.4 |
| Dividend yield | 0.00% | 3.51% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | PATH | PEG |
|---|---|---|
| 2022 | -70.5% | -5.1% |
| 2023 | +95.4% | +3.6% |
| 2024 | -48.8% | +42.6% |
| 2025 | +29.0% | -1.9% |
| 2026 | +11.8% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PATH and PEG good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PATH and PEG?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.52 over the last year and -0.08 over 5 years.
Is PEG a good diversifier for PATH?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/path-vs-peg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/path-vs-peg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PATH correlations · PEG correlations
