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 0.67%/yr vs -4.82%/yr for SHOP. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
DBX vs. SHOP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBX achieves a 17.12% return, which is significantly higher than SHOP's -27.22% return.
DBX
- 1D
- 1.40%
- 1M
- 14.01%
- 6M
- 27.79%
- YTD
- 17.12%
- 1Y
- 23.05%
- 3Y*
- 6.77%
- 5Y*
- 0.67%
- 10Y*
- —
- ALL TIME*
- 1.40%
SHOP
- 1D
- -4.29%
- 1M
- -1.93%
- 6M
- -10.73%
- YTD
- -27.22%
- 1Y
- -1.22%
- 3Y*
- 20.20%
- 5Y*
- -4.82%
- 10Y*
- 42.67%
- ALL TIME*
- 39.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $121.86M | $110.24M | $113.08M | |
SHOP Shopify Inc. | $1.12B | $980.06M | $1.18B |
DBX vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBX Dropbox, Inc. | 17.12% | -7.46% | 1.90% | 31.72% | -8.80% | 10.59% | 23.90% | -12.33% | -29.55% |
SHOP Shopify Inc. | -27.22% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | -4.81% |
Correlation
The correlation between DBX and SHOP is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.44 |
The correlation between DBX and SHOP shifts across timeframes, from 0.33 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DBX:
$8.29B
SHOP:
$152.02B
DBX:
$1.88
SHOP:
$1.02
DBX:
17.36
SHOP:
114.96
DBX:
0.68
SHOP:
0.22
DBX:
3.25
SHOP:
16.65
DBX:
$2.53B
SHOP:
$9.20B
DBX:
$2.01B
SHOP:
$5.93B
DBX:
$819.80M
SHOP:
$1.60B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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.
| DBX | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.04 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | -0.09 | +0.72 |
| Martin ratioReturn relative to average drawdown | 1.26 | -0.16 | +1.43 |
Loading charts...
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.
Loading charts...
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 | -22.48% | -34.56% | +12.08% |
Average DrawdownAverage peak-to-trough decline | -40.34% | -28.29% | -12.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.76% | 25.40% | -9.64% |
Volatility
DBX vs. SHOP - Volatility Comparison
The current volatility for Dropbox, Inc. (DBX) is 10.54%, while Shopify Inc. (SHOP) has a volatility of 16.38%. This indicates that DBX 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.
Loading charts...
Volatility by Period
| DBX | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 16.38% | -5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 29.35% | 45.57% | -16.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.96% | 58.84% | -22.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.84% | 65.90% | -32.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.90% | 59.22% | -20.32% |
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 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (16.38%) compared to DBX (10.54%). In terms of maximum drawdown, DBX dropped -62.64% vs SHOP's -84.82%.
DBX currently has the higher Sharpe Ratio (0.55 vs -0.07), 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.
Find the right allocation for DBX and SHOP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer