DBX vs. SHOP
DBX (Dropbox, Inc.) and SHOP (Shopify Inc.) are both stocks. Both are in the Technology sector — DBX in Software - Infrastructure, SHOP in Software - Application. Over the past 5 years, DBX returned -0.93%/yr vs -0.76%/yr for SHOP. At a 0.44 correlation, their price movements are largely independent.
Performance
DBX vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, DBX achieves a -2.16% return, which is significantly higher than SHOP's -27.91% return.
DBX
- 1D
- -1.41%
- 1M
- 7.04%
- YTD
- -2.16%
- 6M
- -8.66%
- 1Y
- -6.85%
- 3Y*
- 4.36%
- 5Y*
- -0.93%
- 10Y*
- —
SHOP
- 1D
- 2.74%
- 1M
- 7.81%
- YTD
- -27.91%
- 6M
- -28.51%
- 1Y
- 12.03%
- 3Y*
- 24.65%
- 5Y*
- -0.76%
- 10Y*
- 44.13%
DBX vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBX Dropbox, Inc. | -2.16% | -7.46% | 1.90% | 31.72% | -8.80% | 10.59% | 23.90% | -12.33% | -28.27% |
SHOP Shopify Inc. | -27.91% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | -2.27% |
Correlation
The correlation between DBX and SHOP is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018 | 0.44 |
The correlation between DBX and SHOP shifts across timeframes, from 0.32 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DBX:
$6.44B
SHOP:
$151.24B
DBX:
$1.83
SHOP:
$1.02
DBX:
14.86
SHOP:
113.91
DBX:
0.58
SHOP:
0.22
DBX:
2.78
SHOP:
16.50
DBX:
$2.53B
SHOP:
$9.20B
DBX:
$2.01B
SHOP:
$5.93B
DBX:
$819.80M
SHOP:
$1.60B
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Return for Risk
DBX vs. SHOP — Risk / Return Rank
DBX
SHOP
DBX vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dropbox, Inc. (DBX) 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.
| DBX | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.09 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.26 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.45 | 0.56 | -1.01 |
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
| DBX | SHOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.21 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | -0.01 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.70 | -0.71 |
Drawdowns
DBX vs. SHOP - Drawdown Comparison
The maximum DBX drawdown since its inception was -62.64%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for DBX and SHOP.
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Drawdown Indicators
| DBX | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.64% | -84.82% | +22.18% |
Max Drawdown (1Y)Largest decline over 1 year | -31.43% | -46.71% | +15.28% |
Max Drawdown (3Y)Largest decline over 3 years | -37.39% | -46.71% | +9.32% |
Max Drawdown (5Y)Largest decline over 5 years | -41.52% | -84.82% | +43.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -35.24% | -35.18% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -40.52% | -28.21% | -12.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.26% | 21.47% | -6.21% |
Volatility
DBX vs. SHOP - Volatility Comparison
Dropbox, Inc. (DBX) has a higher volatility of 20.67% compared to Shopify Inc. (SHOP) at 17.89%. This indicates that DBX'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
| DBX | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.67% | 17.89% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 27.70% | 43.39% | -15.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.80% | 57.22% | -23.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.29% | 65.52% | -32.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.91% | 59.05% | -20.14% |
Dividends
DBX vs. SHOP - Dividend Comparison
Neither DBX nor SHOP has paid dividends to shareholders.
Financials
DBX vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Dropbox, 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
DBX and SHOP have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBX has higher volatility (20.67%) compared to SHOP (17.89%). In terms of maximum drawdown, DBX dropped -62.64% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (0.21 vs -0.20), 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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