FLYW vs. SHOP
FLYW (Flywire Corporation) and SHOP (Shopify Inc.) are both stocks. Both are in the Technology sector — FLYW in Information Technology Services, SHOP in Software - Application. Over the past 5 years, FLYW returned -10.83%/yr vs -3.14%/yr for SHOP. At a 0.48 correlation, their price movements are largely independent.
Performance
FLYW vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, FLYW achieves a 25.56% return, which is significantly higher than SHOP's -22.51% return.
FLYW
- 1D
- 0.91%
- 1M
- 20.87%
- 6M
- 21.70%
- YTD
- 25.56%
- 1Y
- 59.61%
- 3Y*
- -18.41%
- 5Y*
- -10.83%
- 10Y*
- —
SHOP
- 1D
- 1.80%
- 1M
- 15.24%
- 6M
- -25.72%
- YTD
- -22.51%
- 1Y
- 11.27%
- 3Y*
- 22.15%
- 5Y*
- -3.14%
- 10Y*
- 44.10%
FLYW vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLYW Flywire Corporation | 25.56% | -31.33% | -10.93% | -5.39% | -35.71% | 11.94% |
SHOP Shopify Inc. | -22.51% | 51.39% | 36.50% | 124.43% | -74.80% | 11.08% |
Correlation
The correlation between FLYW and SHOP is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.48 |
Fundamentals
FLYW:
$2.16B
SHOP:
$161.87B
FLYW:
$98.10
SHOP:
$1.02
FLYW:
0.18
SHOP:
122.40
FLYW:
0.00
SHOP:
0.23
FLYW:
0.01
SHOP:
17.73
FLYW:
0.00
SHOP:
13.01
FLYW:
$188.60B
SHOP:
$9.20B
FLYW:
$299.78M
SHOP:
$5.93B
FLYW:
$11.02B
SHOP:
$1.60B
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Return for Risk
FLYW vs. SHOP — Risk / Return Rank
FLYW
SHOP
FLYW vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flywire Corporation (FLYW) 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.
| FLYW | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 0.24 | +1.89 |
| Martin ratioReturn relative to average drawdown | 5.54 | 0.46 | +5.08 |
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Drawdowns
FLYW vs. SHOP - Drawdown Comparison
The maximum FLYW drawdown since its inception was -84.40%, roughly equal to the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for FLYW and SHOP.
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Drawdown Indicators
| FLYW | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -84.82% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -28.16% | -46.71% | +18.55% |
Max Drawdown (3Y)Largest decline over 3 years | -75.98% | -46.71% | -29.27% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -84.82% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -67.05% | -30.32% | -36.73% |
Average DrawdownAverage peak-to-trough decline | -56.24% | -28.27% | -27.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.79% | 24.29% | -13.50% |
Volatility
FLYW vs. SHOP - Volatility Comparison
Flywire Corporation (FLYW) and Shopify Inc. (SHOP) have volatilities of 13.36% and 13.24%, 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
| FLYW | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.36% | 13.24% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 38.34% | 44.49% | -6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.01% | 57.70% | -9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.17% | 65.67% | -8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.17% | 59.06% | -1.89% |
Dividends
FLYW vs. SHOP - Dividend Comparison
Neither FLYW nor SHOP has paid dividends to shareholders.
Financials
FLYW vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Flywire Corporation 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
FLYW and SHOP have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLYW has higher volatility (13.36%) compared to SHOP (13.24%). In terms of maximum drawdown, FLYW dropped -84.40% vs SHOP's -84.82%.
FLYW currently has the higher Sharpe Ratio (1.25 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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