AMZN vs. SHOP

Last updated Apr 4, 2026

Compare and contrast key facts about Amazon.com, Inc (AMZN) and Shopify Inc. (SHOP).

Performance

AMZN vs. SHOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amazon.com, Inc (AMZN) and Shopify Inc. (SHOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZN achieves a -9.12% return, which is significantly higher than SHOP's -26.54% return. Over the past 10 years, AMZN has underperformed SHOP with an annualized return of 21.61%, while SHOP has yielded a comparatively higher 44.74% annualized return.

AMZN

• 1D: -0.38%
• 1M: -4.19%
• YTD: -9.12%
• 6M: -4.44%
• 1Y: 22.67%
• 3Y*: 27.00%
• 5Y*: 5.83%
• 10Y*: 21.61%

SHOP

• 1D: -0.23%
• 1M: -12.27%
• YTD: -26.54%
• 6M: -26.62%
• 1Y: 53.79%
• 3Y*: 35.36%
• 5Y*: 0.46%
• 10Y*: 44.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZN vs. SHOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMZN Amazon.com, Inc	-9.12%	5.21%	44.39%	80.88%	-49.62%	2.38%	76.26%	23.03%	28.43%	55.96%
SHOP Shopify Inc.	-26.54%	51.39%	36.50%	124.43%	-74.80%	21.68%	184.71%	187.17%	37.08%	135.60%

Correlation

The correlation between AMZN and SHOP is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

Fundamentals

EPS AMZN : $7.17 SHOP : $1.41
PE Ratio AMZN : 29.27 SHOP : 83.95
PEG Ratio AMZN : 0.71 SHOP : 0.16
PS Ratio AMZN : 3.17 SHOP : 13.11
Total Revenue (TTM) AMZN : $716.92B SHOP : $7.88B
Gross Profit (TTM) AMZN : $360.51B SHOP : $5.56B
EBITDA (TTM) AMZN : $143.56B SHOP : $1.61B

Return for Risk

AMZN vs. SHOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZN

AMZN Risk / Return Rank: 46
AMZN Sharpe Ratio Rank: 48
AMZN Sortino Ratio Rank: 42
AMZN Omega Ratio Rank: 41
AMZN Calmar Ratio Rank: 49
AMZN Martin Ratio Rank: 50

SHOP

SHOP Risk / Return Rank: 51
SHOP Sharpe Ratio Rank: 51
SHOP Sortino Ratio Rank: 51
SHOP Omega Ratio Rank: 49
SHOP Calmar Ratio Rank: 52
SHOP Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZN vs. SHOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amazon.com, Inc (AMZN) and Shopify Inc. (SHOP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AMZN	SHOP	Difference
Sharpe ratio Return per unit of total volatility	0.20	0.29	-0.09
Sortino ratio Return per unit of downside risk	0.55	0.87	-0.32
Omega ratio Gain probability vs. loss probability	1.07	1.11	-0.04
Calmar ratio Return relative to maximum drawdown	0.42	0.55	-0.13
Martin ratio Return relative to average drawdown	1.00	1.31	-0.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZN vs. SHOP - Sharpe Ratio Comparison

The current AMZN Sharpe Ratio is 0.20, which is lower than the SHOP Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of AMZN and SHOP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMZN	SHOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	0.29	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.01	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.77	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.72	-0.16

Drawdowns

AMZN vs. SHOP - Drawdown Comparison

The maximum AMZN drawdown since its inception was -94.40%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for AMZN and SHOP.

Drawdown Indicators

	AMZN	SHOP	Difference
Max Drawdown Largest peak-to-trough decline	-94.40%	-84.82%	-9.58%
Max Drawdown (1Y) Largest decline over 1 year	-21.74%	-38.18%	+16.44%
Max Drawdown (5Y) Largest decline over 5 years	-56.15%	-84.82%	+28.67%
Max Drawdown (10Y) Largest decline over 10 years	-56.15%	-84.82%	+28.67%
Current Drawdown Current decline from peak	-17.41%	-33.94%	+16.53%
Average Drawdown Average peak-to-trough decline	-28.27%	-28.09%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.16%	16.07%	-6.91%

Volatility

AMZN vs. SHOP - Volatility Comparison

The current volatility for Amazon.com, Inc (AMZN) is 8.79%, while Shopify Inc. (SHOP) has a volatility of 13.82%. This indicates that AMZN experiences smaller price fluctuations and is considered to be less risky than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZN	SHOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.79%	13.82%	-5.03%
Volatility (6M) Calculated over the trailing 6-month period	22.64%	38.92%	-16.28%
Volatility (1Y) Calculated over the trailing 1-year period	35.00%	60.80%	-25.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.30%	65.01%	-29.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.50%	58.56%	-26.06%

Dividends

AMZN vs. SHOP - Dividend Comparison

Neither AMZN nor SHOP has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials