AVPT vs. SHOP
AVPT (AvePoint, Inc.) and SHOP (Shopify Inc.) are both stocks. Both are in the Technology sector — AVPT in Software - Infrastructure, SHOP in Software - Application. Over the past 3 years, AVPT returned 21.64%/yr vs 19.24%/yr for SHOP. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
AVPT vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, AVPT achieves a -21.74% return, which is significantly higher than SHOP's -32.76% return.
AVPT
- 1D
- 0.18%
- 1M
- 13.35%
- YTD
- -21.74%
- 6M
- -21.74%
- 1Y
- -42.67%
- 3Y*
- 21.64%
- 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%
AVPT vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVPT AvePoint, Inc. | -21.74% | -15.87% | 101.10% | 99.76% | -34.66% | -47.80% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | -5.53% |
Correlation
The correlation between AVPT 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.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021 | 0.51 |
The correlation between AVPT and SHOP has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.
Fundamentals
AVPT:
$2.46B
SHOP:
$141.08B
AVPT:
$0.20
SHOP:
$1.02
AVPT:
53.61
SHOP:
106.25
AVPT:
0.35
SHOP:
0.20
AVPT:
5.63
SHOP:
15.39
AVPT:
5.60
SHOP:
11.29
AVPT:
$443.68M
SHOP:
$9.20B
AVPT:
$326.90M
SHOP:
$5.93B
AVPT:
$53.29M
SHOP:
$1.60B
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Return for Risk
AVPT vs. SHOP — Risk / Return Rank
AVPT
SHOP
AVPT vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AvePoint, Inc. (AVPT) 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.
| AVPT | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.05 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.02 | -0.78 |
| Martin ratioReturn relative to average drawdown | -1.26 | -0.04 | -1.22 |
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Drawdowns
AVPT vs. SHOP - Drawdown Comparison
The maximum AVPT drawdown since its inception was -70.21%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for AVPT and SHOP.
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Drawdown Indicators
| AVPT | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.21% | -84.82% | +14.61% |
Max Drawdown (1Y)Largest decline over 1 year | -53.44% | -46.71% | -6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -55.03% | -46.71% | -8.32% |
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 | -45.62% | -39.53% | -6.09% |
Average DrawdownAverage peak-to-trough decline | -36.39% | -28.23% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.96% | 22.27% | +11.69% |
Volatility
AVPT vs. SHOP - Volatility Comparison
The current volatility for AvePoint, Inc. (AVPT) is 11.69%, while Shopify Inc. (SHOP) has a volatility of 15.38%. This indicates that AVPT 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.
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Volatility by Period
| AVPT | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.69% | 15.38% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 31.95% | 43.41% | -11.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.30% | 57.03% | -11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.80% | 65.55% | -18.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.80% | 59.07% | -12.27% |
Dividends
AVPT vs. SHOP - Dividend Comparison
Neither AVPT nor SHOP has paid dividends to shareholders.
Financials
AVPT vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between AvePoint, 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
AVPT and SHOP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (15.38%) compared to AVPT (11.69%). In terms of maximum drawdown, AVPT dropped -70.21% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.02 vs -0.94), 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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