Unity Multiplayer HDRP vs URP does it matter for multiplayer?

Hello,

Is there a relevance to what render pipe you will be using for multiplayer performance, does it matter at all which one I choose?

The way I see it is multiplayer and render pipe are on two separate layers. Each will have their own performance concerns but have little effect on each other. Is this a valid assumption?

Any insight would be appreciated. This is for a PC game.

Thanks!