HMY vs. SHOP
HMY (Harmony Gold Mining Company Limited) and SHOP (Shopify Inc.) are both stocks. HMY operates in Gold (Basic Materials), while SHOP operates in Software - Application (Technology). Over the past 10 years, HMY returned 17.69%/yr vs 43.59%/yr for SHOP. At a 0.07 correlation, their price movements are largely independent.
Performance
HMY vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, HMY achieves a -18.77% return, which is significantly higher than SHOP's -32.76% return. Over the past 10 years, HMY has underperformed SHOP with an annualized return of 17.69%, while SHOP has yielded a comparatively higher 43.59% annualized return.
HMY
- 1D
- 4.27%
- 1M
- -9.63%
- YTD
- -18.77%
- 6M
- -20.76%
- 1Y
- 8.74%
- 3Y*
- 55.21%
- 5Y*
- 29.67%
- 10Y*
- 17.69%
SHOP
- 1D
- -2.02%
- 1M
- 13.46%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- -0.89%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
HMY vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | -18.77% | 145.47% | 35.39% | 82.51% | -16.42% | -10.25% | 28.93% | 102.79% | -4.28% | -12.94% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between HMY and SHOP is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.07 |
The correlation between HMY and SHOP shifts across timeframes, from 0.07 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
HMY:
$9.49B
SHOP:
$141.08B
HMY:
ZAR 41.64
SHOP:
$1.02
HMY:
0.36
SHOP:
106.25
HMY:
0.00
SHOP:
0.20
HMY:
0.06
SHOP:
15.39
HMY:
0.18
SHOP:
11.29
HMY:
ZAR 150.28B
SHOP:
$9.20B
HMY:
ZAR 57.55B
SHOP:
$5.93B
HMY:
ZAR 55.56B
SHOP:
$1.60B
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Return for Risk
HMY vs. SHOP — Risk / Return Rank
HMY
SHOP
HMY vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmony Gold Mining Company Limited (HMY) 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.
| HMY | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.05 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.02 | +0.20 |
| Martin ratioReturn relative to average drawdown | 0.40 | -0.04 | +0.44 |
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Drawdowns
HMY vs. SHOP - Drawdown Comparison
The maximum HMY drawdown since its inception was -97.04%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for HMY and SHOP.
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Drawdown Indicators
| HMY | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -84.82% | -12.22% |
Max Drawdown (1Y)Largest decline over 1 year | -48.85% | -46.71% | -2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -48.85% | -46.71% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -62.48% | -84.82% | +22.34% |
Max Drawdown (10Y)Largest decline over 10 years | -71.05% | -84.82% | +13.77% |
Current DrawdownCurrent decline from peak | -37.92% | -39.53% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -52.74% | -28.23% | -24.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.98% | 22.27% | -0.29% |
Volatility
HMY vs. SHOP - Volatility Comparison
Harmony Gold Mining Company Limited (HMY) has a higher volatility of 21.33% compared to Shopify Inc. (SHOP) at 15.38%. This indicates that HMY's price experiences larger fluctuations and is considered to be riskier 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
| HMY | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.33% | 15.38% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 48.63% | 43.41% | +5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.67% | 57.03% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.53% | 65.55% | -7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.20% | 59.07% | +2.13% |
Dividends
HMY vs. SHOP - Dividend Comparison
HMY's dividend yield for the trailing twelve months is around 2.67%, while SHOP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | 2.53% | 1.07% | 1.59% | 0.66% | 1.14% | 2.23% | 0.00% | 0.00% | 0.00% | 3.13% | 1.37% |
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HMY vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Harmony Gold Mining Company Limited 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
HMY 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.
HMY has higher volatility (21.33%) compared to SHOP (15.38%). In terms of maximum drawdown, HMY dropped -97.04% vs SHOP's -84.82%.
HMY currently has the higher Sharpe Ratio (0.14 vs -0.02), 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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