AYA.TO vs. SHOP
AYA.TO (Aya Gold & Silver Inc.) and SHOP (Shopify Inc.) are both stocks. AYA.TO operates in Other Precious Metals & Mining (Basic Materials), while SHOP operates in Software - Application (Technology). Over the past 10 years, AYA.TO returned 46.86%/yr vs 44.82%/yr for SHOP. At a 0.10 correlation, their price movements are largely independent.
Performance
AYA.TO vs. SHOP - Performance Comparison
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Different Trading Currencies
AYA.TO is traded in CAD, while SHOP is traded in USD. To make them comparable, the SHOP values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AYA.TO achieves a 33.04% return, which is significantly higher than SHOP's -31.39% return. Both investments have delivered pretty close results over the past 10 years, with AYA.TO having a 46.86% annualized return and SHOP not far behind at 44.82%.
AYA.TO
- 1D
- 7.49%
- 1M
- -1.28%
- YTD
- 33.04%
- 6M
- 24.61%
- 1Y
- 98.10%
- 3Y*
- 42.66%
- 5Y*
- 25.69%
- 10Y*
- 46.86%
SHOP
- 1D
- -1.84%
- 1M
- 13.28%
- YTD
- -31.39%
- 6M
- -33.14%
- 1Y
- 5.59%
- 3Y*
- 21.03%
- 5Y*
- 0.06%
- 10Y*
- 44.82%
AYA.TO vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AYA.TO Aya Gold & Silver Inc. | 33.04% | 82.87% | 10.61% | 7.65% | -5.55% | 148.05% | 97.44% | 2.09% | 16.46% | 192.86% |
SHOP Shopify Inc. | -31.39% | 44.48% | 48.05% | 119.09% | -73.20% | 21.62% | 177.95% | 175.33% | 48.60% | 119.64% |
Correlation
The correlation between AYA.TO and SHOP is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.10 |
The correlation between AYA.TO and SHOP shifts across timeframes, from 0.10 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AYA.TO:
CA$3.88B
SHOP:
$141.08B
AYA.TO:
$0.60
SHOP:
$1.02
AYA.TO:
31.07
SHOP:
106.25
AYA.TO:
0.06
SHOP:
0.20
AYA.TO:
9.44
SHOP:
15.39
AYA.TO:
6.06
SHOP:
11.29
AYA.TO:
$283.62M
SHOP:
$9.20B
AYA.TO:
$155.19M
SHOP:
$5.93B
AYA.TO:
$167.72M
SHOP:
$1.60B
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Return for Risk
AYA.TO vs. SHOP — Risk / Return Rank
AYA.TO
SHOP
AYA.TO vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aya Gold & Silver Inc. (AYA.TO) 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.
| AYA.TO | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.05 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 0.03 | +2.37 |
| Martin ratioReturn relative to average drawdown | 6.46 | 0.06 | +6.40 |
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Drawdowns
AYA.TO vs. SHOP - Drawdown Comparison
The maximum AYA.TO drawdown since its inception was -81.67%, roughly equal to the maximum SHOP drawdown of -83.40%. Use the drawdown chart below to compare losses from any high point for AYA.TO and SHOP.
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Drawdown Indicators
| AYA.TO | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.67% | -83.40% | +1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -41.38% | -47.81% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -54.86% | -47.81% | -7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -54.91% | -83.40% | +28.49% |
Max Drawdown (10Y)Largest decline over 10 years | -72.30% | -83.40% | +11.10% |
Current DrawdownCurrent decline from peak | -12.23% | -39.60% | +27.37% |
Average DrawdownAverage peak-to-trough decline | -37.46% | -27.08% | -10.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.31% | 23.01% | -7.70% |
Volatility
AYA.TO vs. SHOP - Volatility Comparison
Aya Gold & Silver Inc. (AYA.TO) has a higher volatility of 30.47% compared to Shopify Inc. (SHOP) at 15.38%. This indicates that AYA.TO'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
| AYA.TO | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.47% | 15.38% | +15.09% |
Volatility (6M)Calculated over the trailing 6-month period | 58.25% | 43.25% | +15.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.96% | 56.94% | +21.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.63% | 65.55% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.63% | 59.30% | +18.33% |
Dividends
AYA.TO vs. SHOP - Dividend Comparison
Neither AYA.TO nor SHOP has paid dividends to shareholders.
Financials
AYA.TO vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Aya Gold & Silver 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
AYA.TO and SHOP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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