ETSY vs. SHOP
ETSY (Etsy, Inc.) and SHOP (Shopify Inc.) are both stocks. ETSY operates in Internet Retail (Consumer Cyclical), while SHOP operates in Software - Application (Technology). Over the past 10 years, ETSY returned 20.45%/yr vs 42.67%/yr for SHOP. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
ETSY vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, ETSY achieves a 47.33% return, which is significantly higher than SHOP's -27.22% return. Over the past 10 years, ETSY has underperformed SHOP with an annualized return of 20.45%, while SHOP has yielded a comparatively higher 42.67% annualized return.
ETSY
- 1D
- -1.77%
- 1M
- 6.12%
- 6M
- 54.23%
- YTD
- 47.33%
- 1Y
- 38.98%
- 3Y*
- -6.08%
- 5Y*
- -14.95%
- 10Y*
- 20.45%
- ALL TIME*
- 8.96%
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) |
|---|---|---|---|
ETSY Etsy, Inc. | $191.15M | $200.10M | $204.37M |
SHOP Shopify Inc. | $1.12B | $980.06M | $1.18B |
ETSY vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETSY Etsy, Inc. | 47.33% | 4.82% | -34.74% | -32.33% | -45.29% | 23.06% | 301.60% | -6.87% | 132.62% | 73.60% |
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 ETSY and SHOP is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.47 |
Over the past year, the correlation between ETSY and SHOP has dropped to 0.25 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
Fundamentals
ETSY:
$7.75B
SHOP:
$152.02B
ETSY:
$3.00
SHOP:
$1.02
ETSY:
27.27
SHOP:
114.96
ETSY:
3.51
SHOP:
16.65
ETSY:
$2.86B
SHOP:
$9.20B
ETSY:
$2.06B
SHOP:
$5.93B
ETSY:
$489.49M
SHOP:
$1.60B
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Return for Risk
ETSY vs. SHOP — Risk / Return Rank
ETSY
SHOP
ETSY vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Etsy, Inc. (ETSY) 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.
| ETSY | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.04 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | -0.09 | +1.06 |
| Martin ratioReturn relative to average drawdown | 1.95 | -0.16 | +2.12 |
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Drawdowns
ETSY vs. SHOP - Drawdown Comparison
The maximum ETSY drawdown since its inception was -86.26%, roughly equal to the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for ETSY and SHOP.
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Drawdown Indicators
| ETSY | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.26% | -84.82% | -1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -41.70% | -46.71% | +5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -46.71% | -6.41% |
Max Drawdown (5Y)Largest decline over 5 years | -86.26% | -84.82% | -1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -86.26% | -84.82% | -1.44% |
Current DrawdownCurrent decline from peak | -72.49% | -34.56% | -37.93% |
Average DrawdownAverage peak-to-trough decline | -48.93% | -28.29% | -20.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.62% | 25.40% | -4.78% |
Volatility
ETSY vs. SHOP - Volatility Comparison
The current volatility for Etsy, Inc. (ETSY) is 11.94%, while Shopify Inc. (SHOP) has a volatility of 16.38%. This indicates that ETSY 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.
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Volatility by Period
| ETSY | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.94% | 16.38% | -4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 36.56% | 45.57% | -9.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 58.84% | -3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.34% | 65.90% | -10.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.96% | 59.22% | -3.26% |
Dividends
ETSY vs. SHOP - Dividend Comparison
Neither ETSY nor SHOP has paid dividends to shareholders.
Financials
ETSY vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Etsy, 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
ETSY and SHOP have a correlation of 0.25, 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 ETSY (11.94%). In terms of maximum drawdown, ETSY dropped -86.26% vs SHOP's -84.82%.
ETSY currently has the higher Sharpe Ratio (0.74 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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