GLBE vs. SHOP

Last updated Jun 3, 2026

GLBE (Global-e Online Ltd.) and SHOP (Shopify Inc.) are both stocks. GLBE operates in Internet Retail (Consumer Cyclical), while SHOP operates in Software - Application (Technology). Over the past 5 years, GLBE returned -0.99%/yr vs -0.49%/yr for SHOP. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

GLBE vs. SHOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global-e Online Ltd. (GLBE) and Shopify Inc. (SHOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLBE achieves a -15.29% return, which is significantly higher than SHOP's -27.31% return.

GLBE

• 1D: -1.33%
• 1M: 5.85%
• YTD: -15.29%
• 6M: -19.19%
• 1Y: 3.42%
• 3Y*: -1.39%
• 5Y*: -0.99%
• 10Y*: —

SHOP

• 1D: -5.73%
• 1M: -8.35%
• YTD: -27.31%
• 6M: -25.39%
• 1Y: 9.83%
• 3Y*: 26.15%
• 5Y*: -0.49%
• 10Y*: 44.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLBE vs. SHOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GLBE Global-e Online Ltd.	-15.29%	-27.91%	37.60%	92.01%	-67.44%	148.59%
SHOP Shopify Inc.	-27.31%	51.39%	36.50%	124.43%	-74.80%	27.08%

Correlation

The correlation between GLBE and SHOP is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.61

The correlation between GLBE and SHOP shifts across timeframes, from 0.50 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GLBE : $5.79B SHOP : $152.51B
EPS GLBE : $0.67 SHOP : $1.02
PE Ratio GLBE : 49.73 SHOP : 114.86
PEG Ratio GLBE : 0.01 SHOP : 0.22
PS Ratio GLBE : 5.65 SHOP : 16.64
PB Ratio GLBE : 6.36 SHOP : 12.20
Total Revenue (TTM) GLBE : $1.02B SHOP : $9.20B
Gross Profit (TTM) GLBE : $467.05M SHOP : $5.93B
EBITDA (TTM) GLBE : $146.46M SHOP : $1.60B

Return for Risk

GLBE vs. SHOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLBE

GLBE Risk / Return Rank: 42
GLBE Sharpe Ratio Rank: 42
GLBE Sortino Ratio Rank: 40
GLBE Omega Ratio Rank: 39
GLBE Calmar Ratio Rank: 44
GLBE Martin Ratio Rank: 44

SHOP

SHOP Risk / Return Rank: 45
SHOP Sharpe Ratio Rank: 47
SHOP Sortino Ratio Rank: 45
SHOP Omega Ratio Rank: 44
SHOP Calmar Ratio Rank: 45
SHOP Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLBE vs. SHOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global-e Online Ltd. (GLBE) 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.

	GLBE	SHOP	Difference
Sharpe ratio Return per unit of total volatility	0.07	0.17	-0.10
Sortino ratio Return per unit of downside risk	0.45	0.66	-0.21
Omega ratio Gain probability vs. loss probability	1.06	1.08	-0.03
Calmar ratio Return relative to maximum drawdown	0.13	0.20	-0.06
Martin ratio Return relative to average drawdown	0.32	0.43	-0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLBE vs. SHOP - Sharpe Ratio Comparison

The current GLBE Sharpe Ratio is 0.07, which is lower than the SHOP Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of GLBE and SHOP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLBE	SHOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	0.17	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	-0.01	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.70	-0.62

Drawdowns

GLBE vs. SHOP - Drawdown Comparison

The maximum GLBE drawdown since its inception was -79.10%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for GLBE and SHOP.

Drawdown Indicators

	GLBE	SHOP	Difference
Max Drawdown Largest peak-to-trough decline	-79.10%	-84.82%	+5.72%
Max Drawdown (1Y) Largest decline over 1 year	-33.78%	-46.71%	+12.93%
Max Drawdown (3Y) Largest decline over 3 years	-56.17%	-46.71%	-9.46%
Max Drawdown (5Y) Largest decline over 5 years	-79.10%	-84.82%	+5.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-84.82%	—
Current Drawdown Current decline from peak	-59.24%	-34.63%	-24.61%
Average Drawdown Average peak-to-trough decline	-52.28%	-28.20%	-24.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.16%	21.23%	-7.07%

Volatility

GLBE vs. SHOP - Volatility Comparison

The current volatility for Global-e Online Ltd. (GLBE) is 19.12%, while Shopify Inc. (SHOP) has a volatility of 24.51%. This indicates that GLBE 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.

Volatility by Period

	GLBE	SHOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.12%	24.51%	-5.39%
Volatility (6M) Calculated over the trailing 6-month period	36.34%	43.87%	-7.53%
Volatility (1Y) Calculated over the trailing 1-year period	46.37%	57.07%	-10.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.37%	65.50%	+2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.26%	59.05%	+9.21%

Dividends

GLBE vs. SHOP - Dividend Comparison

Neither GLBE nor SHOP has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both GLBE and SHOP in my portfolio?

GLBE and SHOP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLBE or SHOP?

SHOP has higher volatility (24.51%) compared to GLBE (19.12%). In terms of maximum drawdown, GLBE dropped -79.10% vs SHOP's -84.82%.

Which has better risk-adjusted returns?

SHOP currently has the higher Sharpe Ratio (0.17 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.