COIN vs. SHOP
COIN (Coinbase Global, Inc.) and SHOP (Shopify Inc.) are both stocks. COIN operates in Financial Data & Stock Exchanges (Financial Services), while SHOP operates in Software - Application (Technology). Over the past 5 years, COIN returned -6.29%/yr vs -1.84%/yr for SHOP. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
COIN vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -28.31% return, which is significantly higher than SHOP's -31.18% return.
COIN
- 1D
- 6.37%
- 1M
- -19.41%
- YTD
- -28.31%
- 6M
- -40.88%
- 1Y
- -35.48%
- 3Y*
- 44.90%
- 5Y*
- -6.29%
- 10Y*
- —
SHOP
- 1D
- 1.13%
- 1M
- 0.34%
- YTD
- -31.18%
- 6M
- -30.07%
- 1Y
- -0.57%
- 3Y*
- 21.77%
- 5Y*
- -1.84%
- 10Y*
- 44.31%
COIN vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -28.31% | -8.92% | 42.77% | 391.44% | -85.98% | -23.12% |
SHOP Shopify Inc. | -31.18% | 51.39% | 36.50% | 124.43% | -74.80% | 16.74% |
Correlation
The correlation between COIN and SHOP is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.51 |
The correlation between COIN and SHOP has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.
Fundamentals
COIN:
$42.92B
SHOP:
$144.39B
COIN:
$2.90
SHOP:
$1.02
COIN:
55.88
SHOP:
108.75
COIN:
0.04
SHOP:
0.21
COIN:
7.70
SHOP:
15.75
COIN:
3.18
SHOP:
11.55
COIN:
$5.81B
SHOP:
$9.20B
COIN:
$4.65B
SHOP:
$5.93B
COIN:
$1.68B
SHOP:
$1.60B
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Return for Risk
COIN vs. SHOP — Risk / Return Rank
COIN
SHOP
COIN vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) 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.
| COIN | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.05 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.01 | -0.52 |
| Martin ratioReturn relative to average drawdown | -0.88 | -0.03 | -0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COIN | SHOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | -0.01 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | -0.03 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.69 | -0.84 |
Drawdowns
COIN vs. SHOP - Drawdown Comparison
The maximum COIN drawdown since its inception was -90.90%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for COIN and SHOP.
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Drawdown Indicators
| COIN | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.90% | -84.82% | -6.08% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -46.71% | -19.68% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -46.71% | -19.68% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | -84.82% | -6.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -61.38% | -38.12% | -23.26% |
Average DrawdownAverage peak-to-trough decline | -49.86% | -28.22% | -21.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.25% | 21.74% | +18.51% |
Volatility
COIN vs. SHOP - Volatility Comparison
Coinbase Global, Inc. (COIN) has a higher volatility of 21.42% compared to Shopify Inc. (SHOP) at 17.86%. This indicates that COIN'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
| COIN | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.42% | 17.86% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 51.58% | 43.67% | +7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.60% | 57.27% | +13.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.93% | 65.57% | +20.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.40% | 59.09% | +26.31% |
Dividends
COIN vs. SHOP - Dividend Comparison
Neither COIN nor SHOP has paid dividends to shareholders.
Financials
COIN vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Coinbase Global, 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
COIN and SHOP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (21.42%) compared to SHOP (17.86%). In terms of maximum drawdown, COIN dropped -90.90% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.01 vs -0.51), 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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