SHOP vs SPY
Comparison between Shopify Inc - Class A (SHOP, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed SHOP, delivering a return of +13.3% compared to -0.1%
SHOP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
SHOP
$137B
Winner
SPY
$652B
Expense Ratio
SHOP
N/A
SPY
0.09%
Max Drawdown
SHOP
84.82%
Winner
SPY
56.47%
Sharpe Ratio
SHOP
0.49
Winner
SPY
2.07
5Y Beta
SHOP
2.11
Winner
SPY
1.00
Industry
SHOP
Software - Application
SPY
N/A
P/E Ratio
Winner
SHOP
-1483.82
SPY
28.24
Forward P/E
SHOP
68.03
Winner
SPY
21.85
PEG Ratio
SHOP
2.41
SPY
N/A
5Y Dividends CAGR
SHOP
N/A
SPY
5.43%
5Y EPS CAGR
SHOP
N/A
SPY
25.79%
Debt to Equity
Winner
SHOP
0.00%
SPY
22.35%
Free Cash Flow Yield
SHOP
1.54%
SPY
N/A
P/S Ratio
SHOP
11.06
Winner
SPY
3.55
P/B Ratio
SHOP
12.29
Winner
SPY
5.29
SHOP vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
SHOP
-8.07%
Winner
SPY
+9.11%
3M
SHOP
-6.75%
Winner
SPY
+6.59%
6M
SHOP
-27.56%
Winner
SPY
+10.56%
1Y
SHOP
+17.46%
Winner
SPY
+32.04%
5Y(CAGR)
SHOP
-0.08%
Winner
SPY
+13.35%
10Y(CAGR)
Winner
SHOP
+45.25%
SPY
+15.49%
Max(CAGR)
Winner
SHOP
+40.92%
SPY
+8.50%
SHOP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SHOP | SPY |
|---|---|---|
| 2026 | -29.76% | +8.27% |
| 2025 | +49.70% | +18.00% |
| 2024 | +44.02% | +25.59% |
| 2023 | +118.33% | +26.72% |
| 2022 | -74.54% | -18.64% |
| 2021 | +26.09% | +30.52% |
| 2020 | +177.57% | +17.28% |
| 2019 | +188.94% | +31.09% |
| 2018 | +31.24% | -5.24% |
| 2017 | +135.87% | +20.78% |
| 2016 | +66.68% | +13.59% |
| 2015 | +0.47% | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
SHOP vs SPY Drawdown Comparison
The maximum drawdown for SHOP was -84.82%, occurring on Oct 11, 2022. Recovery took 985 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SHOP drawdown is -38.32%.
| Rank | SHOP | SPY |
|---|---|---|
| #1 | -84.82% Nov 19, 2021 - Oct 24, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -52.11% Aug 3, 2015 - Aug 19, 2016 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -41.10% Oct 29, 2025 - May 6, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -40.67% Feb 19, 2020 - Apr 17, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -31.47% Jul 25, 2018 - Feb 8, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -29.79% Aug 27, 2019 - Dec 26, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -29.45% Feb 16, 2021 - Jun 21, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -24.77% Jun 17, 2015 - Aug 3, 2015 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -24.70% Sep 19, 2017 - Jan 25, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -23.62% Mar 20, 2018 - Jun 4, 2018 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -23.24% Sep 1, 2020 - Dec 16, 2020 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -19.99% Jul 23, 2021 - Nov 12, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -16.28% Jun 18, 2018 - Jul 23, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -15.07% Aug 1, 2017 - Aug 24, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -14.86% Dec 22, 2020 - Feb 5, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SHOP and SPY is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
0.81
-101
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