DXCM vs. SHOP
DXCM (DexCom, Inc.) and SHOP (Shopify Inc.) are both stocks. DXCM operates in Diagnostics & Research (Healthcare), while SHOP operates in Software - Application (Technology). Over the past 10 years, DXCM returned 13.66%/yr vs 42.67%/yr for SHOP. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
DXCM vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, DXCM achieves a 25.73% return, which is significantly higher than SHOP's -27.22% return. Over the past 10 years, DXCM has underperformed SHOP with an annualized return of 13.66%, while SHOP has yielded a comparatively higher 42.67% annualized return.
DXCM
- 1D
- 11.95%
- 1M
- 21.19%
- 6M
- 14.25%
- YTD
- 25.73%
- 1Y
- 3.32%
- 3Y*
- -11.89%
- 5Y*
- -8.33%
- 10Y*
- 13.66%
- ALL TIME*
- 16.87%
SHOP
- 1D
- -4.29%
- 1M
- -3.68%
- 6M
- -10.73%
- YTD
- -27.22%
- 1Y
- -4.14%
- 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) |
|---|---|---|---|
DXCM DexCom, Inc. | $381.17M | $359.84M | $403.63M |
SHOP Shopify Inc. | $1.12B | $980.06M | $1.18B |
DXCM vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXCM DexCom, Inc. | 25.73% | -14.66% | -37.33% | 9.58% | -15.64% | 45.23% | 69.02% | 82.59% | 108.75% | -3.87% |
SHOP Shopify Inc. | -27.22% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between DXCM and SHOP is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.37 |
The correlation between DXCM and SHOP shifts across timeframes, from 0.31 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DXCM:
$32.20B
SHOP:
$152.02B
DXCM:
$2.51
SHOP:
$1.02
DXCM:
33.22
SHOP:
114.96
DXCM:
0.79
SHOP:
0.22
DXCM:
6.68
SHOP:
16.65
DXCM:
12.47
SHOP:
12.21
DXCM:
$4.97B
SHOP:
$9.20B
DXCM:
$3.12B
SHOP:
$5.93B
DXCM:
$1.41B
SHOP:
$1.60B
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Return for Risk
DXCM vs. SHOP — Risk / Return Rank
DXCM
SHOP
DXCM vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DexCom, Inc. (DXCM) 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.
| DXCM | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.09 | +0.19 |
| Martin ratioReturn relative to average drawdown | 0.19 | -0.16 | +0.35 |
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Drawdowns
DXCM vs. SHOP - Drawdown Comparison
The maximum DXCM drawdown since its inception was -94.61%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for DXCM and SHOP.
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Drawdown Indicators
| DXCM | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.61% | -84.82% | -9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -33.33% | -46.71% | +13.38% |
Max Drawdown (3Y)Largest decline over 3 years | -60.95% | -46.71% | -14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -66.32% | -84.82% | +18.50% |
Max Drawdown (10Y)Largest decline over 10 years | -66.32% | -84.82% | +18.50% |
Current DrawdownCurrent decline from peak | -48.75% | -34.56% | -14.19% |
Average DrawdownAverage peak-to-trough decline | -36.14% | -28.29% | -7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.53% | 25.40% | -7.87% |
Volatility
DXCM vs. SHOP - Volatility Comparison
DexCom, Inc. (DXCM) and Shopify Inc. (SHOP) have volatilities of 15.95% and 16.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXCM | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.95% | 16.38% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 29.74% | 45.57% | -15.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.91% | 58.84% | -15.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.22% | 65.90% | -18.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.66% | 59.22% | -10.56% |
Dividends
DXCM vs. SHOP - Dividend Comparison
Neither DXCM nor SHOP has paid dividends to shareholders.
Financials
DXCM vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between DexCom, 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
DXCM and SHOP have a correlation of 0.31, 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 DXCM (15.95%). In terms of maximum drawdown, DXCM dropped -94.61% vs SHOP's -84.82%.
DXCM currently has the higher Sharpe Ratio (0.08 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.
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