ARIS vs. SHOP
ARIS (Aris Water Solutions, Inc.) and SHOP (Shopify Inc.) are both stocks. ARIS operates in Utilities - Regulated Water (Utilities), while SHOP operates in Software - Application (Technology). Over the past 3 years, ARIS returned 88.30%/yr vs 19.24%/yr for SHOP. At a 0.17 correlation, their price movements are largely independent.
Performance
ARIS vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, ARIS achieves a -2.09% return, which is significantly higher than SHOP's -32.76% return.
ARIS
- 1D
- 5.23%
- 1M
- -19.38%
- YTD
- -2.09%
- 6M
- 1.15%
- 1Y
- 135.76%
- 3Y*
- 88.30%
- 5Y*
- —
- 10Y*
- —
SHOP
- 1D
- -2.02%
- 1M
- 13.46%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- -0.89%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
ARIS vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | -2.09% | 363.71% | 6.54% | 31.93% | -39.60% | 1.33% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | -7.97% |
Correlation
The correlation between ARIS and SHOP is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021 | 0.17 |
Fundamentals
ARIS:
$3.32B
SHOP:
$141.08B
ARIS:
$0.87
SHOP:
$1.02
ARIS:
18.19
SHOP:
106.25
ARIS:
0.36
SHOP:
0.20
ARIS:
2.76
SHOP:
15.39
ARIS:
2.11
SHOP:
11.29
ARIS:
$1.14B
SHOP:
$9.20B
ARIS:
$612.94M
SHOP:
$5.93B
ARIS:
$432.53M
SHOP:
$1.60B
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Return for Risk
ARIS vs. SHOP — Risk / Return Rank
ARIS
SHOP
ARIS vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aris Water Solutions, Inc. (ARIS) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARIS | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.05 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | -0.02 | +4.89 |
| Martin ratioReturn relative to average drawdown | 16.85 | -0.04 | +16.89 |
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Drawdowns
ARIS vs. SHOP - Drawdown Comparison
The maximum ARIS drawdown since its inception was -57.98%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for ARIS and SHOP.
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Drawdown Indicators
| ARIS | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.98% | -84.82% | +26.84% |
Max Drawdown (1Y)Largest decline over 1 year | -34.32% | -46.71% | +12.39% |
Max Drawdown (3Y)Largest decline over 3 years | -34.46% | -46.71% | +12.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -26.61% | -39.53% | +12.92% |
Average DrawdownAverage peak-to-trough decline | -22.67% | -28.23% | +5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.35% | 22.27% | -12.92% |
Volatility
ARIS vs. SHOP - Volatility Comparison
Aris Water Solutions, Inc. (ARIS) has a higher volatility of 21.05% compared to Shopify Inc. (SHOP) at 15.38%. This indicates that ARIS's price experiences larger fluctuations and is considered to be riskier than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARIS | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.05% | 15.38% | +5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 46.30% | 43.41% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.35% | 57.03% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.11% | 65.55% | -12.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.11% | 59.07% | -5.96% |
Dividends
ARIS vs. SHOP - Dividend Comparison
Neither ARIS nor SHOP has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 0.85% |
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ARIS vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Aris Water Solutions, Inc. and Shopify Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
ARIS and SHOP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARIS has higher volatility (21.05%) compared to SHOP (15.38%). In terms of maximum drawdown, ARIS dropped -57.98% vs SHOP's -84.82%.
ARIS currently has the higher Sharpe Ratio (2.87 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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